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An Assessment of the Strategy of Working Capital Management in Polish Energy Companies

Author

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  • Grzegorz Zimon

    (Department of Finance, Banking and Accounting, Rzeszow University of Technology, Al. Powstancow Warszawy 12, Rzeszow 35-959, Poland.)

Abstract

Working capital is a kind of a buffer that protects an enterprise against the loss of financial liquidity. Therefore, managing it is a key element from the point of view of financial security in every company. The purpose of the articles is to analyze working capital management in the largest Polish energy companies. In general, state-owned companies, especially those operating in the energy sector, have no problems with managing liquidity or working capital. However, recently in Poland, the turmoil associated with an increase in energy prices resulting largely from political licks have caused rapid drops in energy companies in the market. In such a situation, it is worth analyzing the working capital management strategies in detail. The analysis was carried out on the group of the largest Polish energy companies.

Suggested Citation

  • Grzegorz Zimon, 2019. "An Assessment of the Strategy of Working Capital Management in Polish Energy Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 552-556.
    • Handle: RePEc:eco:journ2:2019-06-65
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    File URL: https://www.econjournals.com/index.php/ijeep/article/view/8406/4710
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    Citations

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    Cited by:

    1. Grzegorz Zimon & Dulal Chandra Pattak & Liton Chandra Voumik & Salma Akter & Funda Kaya & Robert Walasek & Konrad Kochański, 2023. "The Impact of Fossil Fuels, Renewable Energy, and Nuclear Energy on South Korea’s Environment Based on the STIRPAT Model: ARDL, FMOLS, and CCR Approaches," Energies, MDPI, vol. 16(17), pages 1-21, August.
    2. Grzegorz Lew & Beata Sadowska & Katarzyna Chudy-Laskowska & Grzegorz Zimon & Magdalena Wójcik-Jurkiewicz, 2021. "Influence of Photovoltaic Development on Decarbonization of Power Generation—Example of Poland," Energies, MDPI, vol. 14(22), pages 1-20, November.
    3. Agnieszka Kuś & Dorota Grego-Planer, 2021. "A Model of Innovation Activity in Small Enterprises in the Context of Selected Financial Factors: The Example of the Renewable Energy Sector," Energies, MDPI, vol. 14(10), pages 1-17, May.
    4. Grzegorz Zimon & Marek Sobolewski & Grzegorz Lew, 2020. "An Influence of Group Purchasing Organizations on Financial Security of SMEs Operating in the Renewable Energy Sector—Case for Poland," Energies, MDPI, vol. 13(11), pages 1-17, June.
    5. Joanna Toborek-Mazur & Magdalena Wójcik-Jurkiewicz, 2022. "Multi-Energy Concern as an Example of the Implementation of Agenda 2030: Poland as a Case Study," Energies, MDPI, vol. 15(5), pages 1-22, February.
    6. Ahmed Elgayar & Sameh Serag & Noura Metawa, 2024. "Navigating Financial Performance of the MENA Region Energy Sector: The Interplay of Working Capital and Leverage," International Journal of Economics and Financial Issues, Econjournals, vol. 14(2), pages 45-53, March.
    7. Grzegorz Zimon & Hossein Tarighi & Mahdi Salehi & Adam Sadowski, 2022. "Assessment of Financial Security of SMEs Operating in the Renewable Energy Industry during COVID-19 Pandemic," Energies, MDPI, vol. 15(24), pages 1-18, December.
    8. Grzegorz Zimon, 2020. "Financial Liquidity Management Strategies in Polish Energy Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 365-368.
    9. Jacek Jaworski & Leszek Czerwonka, 2022. "Which Determinants Matter for Working Capital Management in Energy Industry? The Case of European Union Economy," Energies, MDPI, vol. 15(9), pages 1-18, April.
    10. Magdalena Wójcik-Jurkiewicz & Marzena Czarnecka & Grzegorz Kinelski & Beata Sadowska & Katarzyna Bilińska-Reformat, 2021. "Determinants of Decarbonisation in the Transformation of the Energy Sector: The Case of Poland," Energies, MDPI, vol. 14(5), pages 1-22, February.
    11. Maciej Ciołek & Izabela Emerling & Katarzyna Olejko & Beata Sadowska & Magdalena Wójcik-Jurkiewicz, 2022. "Assumptions of the Energy Policy of the Country versus Investment Outlays Related to the Purchase of Alternative Fuels: Poland as a Case Study," Energies, MDPI, vol. 15(5), pages 1-18, March.
    12. Wioletta Lipka & Cezary Szwed, 2021. "Multi-Attribute Rating Method for Selecting a Clean Coal Energy Generation Technology," Energies, MDPI, vol. 14(21), pages 1-20, November.

    More about this item

    Keywords

    s working capital; energy companies; strategy;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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