NON-PROFIT ORGANISATIONS BEST LIQUIDITY STRATEGY

Summary
In dependant of the mission an organization has, sensitivity to risk, which is a result of decisions made about liquidity financing policy, is on separate concern. The kind of non-profit organization influences the best strategy choice. If exposition to liquidity strategy risk is greater, the more conservative will be the strategy. If exposition to risk is smaller, the more aggressive will be the net working capital strategy. The paper shows how decisions about liquidity strategy influences the risk of non-profit organizations and their economical results during the realization of their main mission.

Michalski_Grzegorz.pdf