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An Analysis of Working Capital Management Strategy in Small Enterprises Operating Within Group Purchasing Organizations

In: Eurasian Economic Perspectives

Author

Listed:
  • Grzegorz Zimon

    (Rzeszów University of Technology)

Abstract

Working capital management is the most important area of business management. The main purpose of net working capital management is to keep the financial safety of an enterprise. The purpose of this article is to analyze working capital management in small enterprises operating in Polish group purchasing organizations (GPOs). The research was carried out on a group of 96 commercial enterprises operating in the construction industry. The research period covered the years 2013–2017. The units operate in Polish group purchasing organizations. Statistical research was performed using the statistical average, median, minimum, and maximum values for the most important financial indicators informing about the working capital management strategy. The analysis was to show which strategies for managing working capital are used by small enterprises operating within GPOs. The results indicate that small enterprises operating within purchasing groups are abandoning aggressive strategies. They focus on the safe management of the company; their management strategies tend toward an indirect strategy, which should be defined as moderate-conservative one.

Suggested Citation

  • Grzegorz Zimon, 2020. "An Analysis of Working Capital Management Strategy in Small Enterprises Operating Within Group Purchasing Organizations," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Uchenna Tony-Okeke (ed.), Eurasian Economic Perspectives, pages 103-111, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-48531-3_7
    DOI: 10.1007/978-3-030-48531-3_7
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    Citations

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    Cited by:

    1. Grzegorz Zimon, 2020. "Issues of financial liquidity of small and medium-sized trading companies: a case study from Poland," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 363-372, September.
    2. 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.
    3. Emilia Herman & Kinga-Emese Zsido, 2023. "The Financial Sustainability of Retail Food SMEs Based on Financial Equilibrium and Financial Performance," Mathematics, MDPI, vol. 11(15), pages 1-26, August.
    4. Grzegorz Zimon & Hossein Tarighi, 2021. "Effects of the COVID-19 Global Crisis on the Working Capital Management Policy: Evidence from Poland," JRFM, MDPI, vol. 14(4), pages 1-17, April.
    5. Karolina Puławska, 2021. "Financial Stability of European Insurance Companies during the COVID-19 Pandemic," JRFM, MDPI, vol. 14(6), pages 1-16, June.

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