Factors Determining the Liquidity of Companies in the Mechanical Engineering Industry in Slovakia - an Empirical Study

• Autorzy: Ľubica Lesáková , Miroslava Vinczeová , Veronika Špiner
• Języki publikacji: EN

Abstrakty

EN

Liquidity is one of the main characteristics of the financial situation of a company. A lack of liquidity may seriously affect the continuity of a firm's activities. A thorough analysis and knowledge of the factors affecting the liquidity of a company are an essential requirement of the informed adoption of measures aimed at ensuring company liquidity. This issue is the subject of the presented paper. The main purpose of the article is to analyse the development of liquidity in the mechanical engineering industry in the Slovak Republic (SK NACA rev. 2 28xx - Manufacture of machinery and equipment not elsewhere classified) during the period of 2015-2018, and to identify the key internal and external factors determining liquidity in the industry. The survey was carried out in 2019 on a sample of 398 companies in the specified industry. Sample representativeness was tested on the basis of the non-parametric chi-square goodness of fit test (χ² distribution test). The obtained data were processed by means of statistical methods. To perform the statistical analysis, we applied the methods of descriptive statistics, frequency tables and non-parametric tests (the Friedman and Wilcoxon tests). To verify the validity of the formulated hypotheses, we used the right-tailed test of the hypothesis on the relative frequency. The main finding of the research is the identification of the key internal and external factors determining the liquidity of engineering companies in Slovakia. The results of the research allow companies to take effective measures in managing liquidity and supporting their favourable development. (original abstract)

Słowa kluczowe

EN

Enterprises financial liquidity; Liquidity ratios; Engineering industry

PL

Płynność finansowa przedsiębiorstwa; Wskaźniki płynności finansowej; Przemysł maszynowy

• Czasopismo: Forum Scientiae Oeconomia
• Rocznik: 2020
• Tom: 8
• Numer: nr 3
• Strony: 33--47

Twórcy

autor

Ľubica Lesáková

• Matej Bel University, Banská Bystrica, Slovakia

autor

Miroslava Vinczeová

• Matej Bel University, Banská Bystrica, Slovakia

autor

Veronika Špiner

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Identyfikatory

DOI

10.23762/FSO_VOL 8_NO3_2