INFLUENCE OF THE POST-CRISIS SITUATION ON COST OF CAPITAL AND INTRINSIC LIQUIDITY VALUE IN NON-PROFIT ORGANIZATIONS
International Journal of Management and Social Sciences
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Title |
INFLUENCE OF THE POST-CRISIS SITUATION ON COST OF CAPITAL AND INTRINSIC LIQUIDITY VALUE IN NON-PROFIT ORGANIZATIONS
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Creator |
Michalski, Grzegorz; Wroclaw University of Economics Wroclaw, Poland |
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Subject |
Financial Management
Intrinsic Liquidity Value, Nonprofit Financial Management, Financial Liquidity, Liquidity, Financial Management Finance |
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Description |
Cash maintained in nonprofit organizations is not a source of any interest and although the close to cash assessestogether with credit lines available for enterprise are connected with resigning from realization of the part of incomesor costs, firms decide to maintain some liquidity reserves. Not only this, resulting from transactional needs, but alsofrom precautional and speculative reasons. Investment in liquid reserves resulting from speculative demand formoney may be assessed by usage of capital budgeting methods like: Net Present Value (NPV) or Internal Rate ofReturn (IRR) or as a call option.In the research paper, each of these aspects of liquidity was taken into consideration and presented from nonprofitperspective. Nonprofit liquidity value determination may often significantly contribute to the solution of workingcapital management problems in these organizations.
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Publisher |
SPEAK Foundation
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Contributor |
The research is financed from the Polish science budget resources in the years 2010-2012 as the research project NN113021139
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Date |
2011-07-01
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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Format |
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Identifier |
http://journals.foundationspeak.com/index.php/ijmss/article/view/5
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Source |
INTERNATIONAL JOURNAL OF MANAGEMENT AND SOCIAL SCIENCES (IJMSS); Vol 1, No 1 (2011): IJMSS - July 1(1) 2011; 67-78
2349-9761 2249-0191 |
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Language |
eng
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Relation |
http://journals.foundationspeak.com/index.php/ijmss/article/view/5/4
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Coverage |
Poland
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Rights |
Copyright (c) 2018 INTERNATIONAL JOURNAL OF MANAGEMENT AND SOCIAL SCIENCES (IJMSS)
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