WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 17, 2020
(Special Issue: Financial security for SMEs, https://www.wseas.org/cms.action?id=23221, Organizer - Guest Editor: Prof. Grzegorz Zimon) The Analysis of Financial Liquidity Management in Small Transport Enterprises During the COVID 19 Pandemic - Case Study of Poland
Authors: ,
Abstract: The crisis associated with the COVID-19 pandemic hit all industries in Poland. It is most noticeable for small and micro enterprises, which are particularly exposed to the risk of losing financial liquidity. Small payment bottlenecks, interruptions in production, sales or services, immediately affect the financial security of these entities. The COVID-19 pandemic has shaken the financial condition of virtually all service enterprises in Poland. Closing borders and quarantine forced on many entities hindered the flow of products in integrated supply chains, which significantly impacted the functionality of enterprises providing transport services. The purpose of this article is an attempt to present a strategy for managing liquidity in transport enterprises during the COVID-19 pandemic. The article presents strategies for managing liquidity in the period before the pandemic and during its first three months. The article presents selected mechanisms that were used by managers of small enterprises at the time of the appearance of the COVID-19 pandemic. The period of three months is too short a time to assess whether the tools used were effective and have brought measurable benefits, which is why this article is an introduction to the wider research that will be carried out in the future.
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Keywords: strategy, financial liquidity, management, transport, supply chain, enterprises.JEL Classification: G30,G33,L51,L62,L91
Pages: 786-795
DOI: 10.37394/23207.2020.17.77