Financial liquidity management in energy sector in Poland

International Conference on the Sustainable Energy and Environmental Development

生态环境科学

Lorenc, S.^1 ; Kustra, A.^1

AGH University of Science and Technology, Department of Economy and Management in Industry, al. Mickiewicza 30, Krakow

30-059, Poland^1

关键词: Cash flow;    Energy sector;    Managerial decision;    Stock exchange;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/214/1/012089/pdf
DOI  :  10.1088/1755-1315/214/1/012089

学科分类：环境科学（综合）

来源: IOP

【 摘 要 】

Liquidity comprises one of the most important indicators of an enterprise's financial situation and proper operation. Dynamic liquidity understood as an ability to generate cash flow constitutes an interesting issue in the area of managing finances related with taking managerial decisions in the following areas: operational, investment and financial. The aim of the article is to identify cash flow in a managerial perspective for the purposes of taking decisions with regard to developing liquidity and indicating determinants thereof in the energy sector, in Poland. Formulas of setting cash flows for the owner (FCFE) and for all funding parties (FCFF) have been shown and their calculation has been presented with an example of selected energy enterprises listed on the Stock Exchange in Warsaw.