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2011 | nr 49 | 87--104
Tytuł artykułu

Cash and Operating Cycle Influence on Nonprofit Organizations Efficiency

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Warianty tytułu
Wpływ cykli gotówkowego i operacyjnego na efektywność organizacji nonprofit
Języki publikacji
Resulting from cash cycle and operating cycle current assets maintained in nonprofit organizations are not a source of any interests and although the close to cash assesses together with credit lines available for enterprise are connected with resigning from realization of the part of incomes or costs, firms decide to maintain some liquidity reserves. And not only this resulting from transactional needs, but also from precautional and speculative reasons. In the article, each of these aspects of results of operating cycle was taken into consideration and presented from nonprofit perspective. Nonprofit liquidity value determination may often significantly contribute to the solu-tion of working capital management problems in these organizations. (original abstract)
Rodzaj realizowanej przez organizację nonprofit misji wpływa na wrażliwość organizacji na ryzyko. Spośród innych czynników, tego rodzaju ryzyko, jest także rezultatem długości cyklu gotówkowego i cyklu operacyjnego modelujących poziom inwestycji w płynność oraz wynikająca z nich potrzeba finansowania. Wyższej ekspozycji na ryzyko, towarzyszyć powinny dłuższe cykle. Organizacja nonprofit wybierając między różnymi dostępnymi jej rozwiązaniami w zakresie długości cyklu gotówkowego i cyklu operacyjnego kierować się powinna interesem swoich donatorów oraz dostawców kapitału finansującego realizację misji. Artykuł prezentuje w jaki sposób w opinii autora decyzje w zakresie długości cykli gotówkowego i operacyjnego wpływać mogą na ryzyko organizacji i jej ekonomicznych rezultatów w czasie realizacji głównej misji działania organizacji nonprofit. (abstrakt oryginalny)
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