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Internal Innovativeness and Management of Current Finances of Enterprises in Poland

In: Business Challenges in the Changing Economic Landscape - Vol. 1

Author

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  • Małgorzata Okręglicka

    (Czestochowa University of Technology)

Abstract

Innovativeness is today one of the basic determinants of success achieved by economic entities. It determines the changes in forms and ways of managing an enterprise. One of basic areas of a company management is management of current finances, and one of basic categories of current finances is financial liquidity. The aim of this paper is to identify the influence of an enterprise’s innovativeness on management of its current finances and maintenance of financial liquidity. The main thesis is: Financial liquidity of enterprises and ways of managing current finances depend on the level of innovativeness of enterprises. The verification of this hypothesis has been based on the results of questionnaire empirical studies conducted in 2014 on a group of 380 enterprises in Poland. The character of the studies was mainly qualitative, therefore statistical dependences were examined using: Spearman’s rank correlation coefficient as a measure of correlation between ordinal variables and Pearson’s Chi-squared test and Cramér’s V as a measure of association between nominal variables. The studies resulted in finding statistical dependencies that show the influence of innovativeness on the management of current finances of an enterprise, e.g., degree of management formalisation, competences, professionalization of employed methods.

Suggested Citation

  • Małgorzata Okręglicka, 2016. "Internal Innovativeness and Management of Current Finances of Enterprises in Poland," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Business Challenges in the Changing Economic Landscape - Vol. 1, edition 1, pages 225-237, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-22596-8_16
    DOI: 10.1007/978-3-319-22596-8_16
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