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Business Challenges in the Changing Economic Landscape - Vol. 1 pp 225–237Cite as

Internal Innovativeness and Management of Current Finances of Enterprises in Poland

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Part of the book series: Eurasian Studies in Business and Economics ((EBES,volume 2/1))

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.

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Notes

  1. 1.

    The study group consisted of 68.9 % of microenterprises, 21.8 % of small enterprises, 5.3 % of medium enterprises and 3.9 % of large enterprises.

  2. 2.

    Level of innovativeness (% of enterprises): very low—1.8 %, low—15.3 %, average—39.5 %, high—33.4 %, very high—10.0 %.

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Authors and Affiliations

  1. Faculty of Management, Czestochowa University of Technology, Częstochowa, Poland

    Małgorzata Okręglicka

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  1. Małgorzata Okręglicka
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Correspondence to Małgorzata Okręglicka .

Editor information

Editors and Affiliations

  1. Department of Labor Economics, Istanbul Medeniyet University Faculty of Economics, Uskudar - Istanbul, Turkey

    Mehmet Huseyin Bilgin

  2. MUFG Union Bank, San Francisco, California, USA

    Hakan Danis

  3. Unalan Mah. Unalan Sok., Istanbul Medeniyet University Faculty of Tourism, Istanbul, Turkey

    Ender Demir

  4. Eurasia Business & Economic Society, Fatih Istanbul, Turkey

    Ugur Can

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Okręglicka, M. (2016). Internal Innovativeness and Management of Current Finances of Enterprises in Poland. In: Bilgin, M., Danis, H., Demir, E., Can, U. (eds) Business Challenges in the Changing Economic Landscape - Vol. 1. Eurasian Studies in Business and Economics, vol 2/1. Springer, Cham. https://doi.org/10.1007/978-3-319-22596-8_16

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