Warianty tytułu
Rentowność, płynność finansowa i zrównoważony rozwój przedsiębiorstw
Języki publikacji
Abstrakty
Background: The sustainable development of enterprises means undertaking economic, social, and environmental actions. This development demands certain financial outlays for investments. In this context, maintaining financial liquidity and a high level of profitability is especially significant. These are the two key pillars of assessing the financial condition of enterprises, which stimulate their current process and stable development in the future. Research purpose: This paper aims to assess the impact of selected financial liquidity and profitability ratios on the sustainable development of the manufacturing enterprises sector in Poland between 2009 and 2019. Methods: I create models using the OLS estimation methods, vector autoregression (VAR), and seemingly unrelated regression (SUR) to verify the research hypotheses. Conclusions: The estimation results indicate a statistically significant impact of financial liquidity and profitability on the sustainable development of industrial enterprises. Moreover, the results of the SUR estimation show that both analysed areas have a different impact on all three pillars of the sustainable development of enterprises. Therefore, it must be concluded that maintaining a good financial condition, including liquidity and profitability, is essential for enterprises' social and environmental investments.(original abstract)
Przedmiot badań: Zrównoważony rozwój przedsiębiorstw to podejmowanie działań gospodarczych, społecznych i środowiskowych. Rozwój ten wymaga pewnych nakładów finansowych na inwestycje. W tym kontekście szczególnie istotne jest utrzymanie płynności finansowej i wysokiego poziomu rentowności. To dwa kluczowe filary oceny kondycji finansowej przedsiębiorstw, które stymulują ich funkcjonowanie i stabilny rozwój w przyszłości. Cel badawczy: Celem artykułu jest ocena wpływu wybranych wskaźników płynności finansowej i rentowności na zrównoważony rozwój przedsiębiorstw produkcyjnych w Polsce w latach 2009- 2019. Metoda badawcza: Cel badawczy i weryfikację hipotez badawczych osiągnięto, wykorzystując metody korelacji liniowej, estymacji OLS, autoregresji wektorowej (VAR) i regresji pozornie niepowiązanej (SUR) w celu weryfikacji hipotez badawczych. Wyniki: Wyniki estymacji podkreślają statystycznie istotny wpływ płynności finansowej i rentowności na zrównoważony rozwój przedsiębiorstw przemysłowych. Ponadto wyniki estymacji SUR pokazują, że oba analizowane obszary mają różny wpływ na wszystkie trzy filary zrównoważonego rozwoju przedsiębiorstw. Dlatego należy stwierdzić, że utrzymanie dobrej kondycji finansowej, w tym płynności i rentowności, jest niezbędne dla inwestycji społecznych i środowiskowych przedsiębiorstw.(abstrakt oryginalny)
Twórcy
autor
- University of Lodz, Poland
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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