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2016 | vol. 4, t. 323 | 113--125
Tytuł artykułu

Intangible Assets and Financial Management Decisions on the Example of WSE Companies

Treść / Zawartość
Warianty tytułu
Aktywa niematerialne i prawne a decyzje finansowe na przykładzie firm notowanych na GPW
Języki publikacji
EN
Abstrakty
W artykule analizowane są przedsiębiorstwa notowane na GPW z uwzględnieniem wartości intelektualnych prawych i decyzji finansowych. Jeśli przedsiębiorstwo decyduje się budować strategię związaną z innowacjami, powinno zarządzać finansami w sposób specyficzny dla tej grupy przedsiębiorstw. Wartość przedsiębiorstwa powinna się zwiększać jako rezultat skoordynowanych decyzji w obszarze innowacyjności i finansów. W artykule tym badane są relacje pomiędzy wartością aktywów niematerialnych i prawnych w firmie a strategią zarządzania płynnością, zarządzaniem gotówką, zyskownością, pojemnością zadłużeniową i wartością rynkową. Zależność pomiędzy tymi czynnikami wskazuje, że strategia oparta na innowacjach powinna być wspierana decyzjami finansowymi, które prowadzą firmę do wzrostu wartości.(abstrakt oryginalny)
EN
This paper investigates the companies listed on WSE in the context of intangibles and financial management. If a company decides to build its strategy on innovation, it will have to manage the finances according to some rules specific for innovation based entities. The value of a company should grow as a result of joint decisions in the field of innovation and finances. Specifically, this paper investigates the influence of company's intangibles on its liquidity strategy, cash management, profitability, debt capacity and market value. As a result of analysis it has been found that there exist relationships among those factors, indicating that innovation based strategy should be supported by financial decisions that enable the company to increase its value.(original abstract)
Rocznik
Strony
113--125
Opis fizyczny
Twórcy
  • University of Lodz, Faculty of Economics and Sociology
autor
  • University of Lodz, Faculty of Economics and Sociology
  • Hellenic Open University
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171449386

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