AN ASSESSMENT OF FINANCIAL LIQUIDITY MANAGEMENT IN THE CAR TRANSPORT COMPANIES

Transport is an area that strongly drives the economy of every state. In the situation when the costs of transport services increase, immediately there is a growth in prices in all industries and branches of the economy. Therefore, it has a key meaning in the prices of products, goods, or services p...

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Bibliographic Details
Main Authors: Zimon, Grzegorz, Walasek, Robert
Format: Conference Proceeding
Language:English
Subjects:
Consumption
Cost reduction
Costs
Current liabilities
Energy consumption
Environmental protection
Financial analysis
Influence
Inventory
Liquidity
Prices
Purchasing groups
Transport
Transportation services
Turnover
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Summary:Transport is an area that strongly drives the economy of every state. In the situation when the costs of transport services increase, immediately there is a growth in prices in all industries and branches of the economy. Therefore, it has a key meaning in the prices of products, goods, or services provided by private or state companies. Management of a company providing transport services is very complicated because the price of fuel, road tolls and various types of fees related to environmental protection issues are the most important elements affecting the level of costs in this type of units. These are the costs the managers do not have a great impact on but they constitute a very large share in the structure of costs incurred, they can be described as external costs. In a situation where external costs are a large share in the cost structure, a policy of managing financial liquidity should be carried out very carefully. The aim of the article is to present a strategy for managing financial liquidity for selected Polish car transport companies.
ISSN:1849-6903
1849-6903