Working capital management of local government hospitals in Poland
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 2
Abstract
This paper presents the results of research on working capital management in 67 public hospitals in years 2009-2011. There was appointed receivables turnover ratios, stock rotation and accounts payable ratio, as well as an analysis of the tools used in the management of working capital components and their impact on the designated cycle indicators was made. There was not found, however, that the length of the cycles differs statistically significant between individuals who use simple tools in the areas of working capital management, and those that do not. Then was applied an analysis of the impact of hospital characteristics (type, size, profitability) on the length of the inventory cycle, receivables and liabilities on the basis of statistical significance test. Type of medical center affects only the length of the inventory cycle in days, but is irrelevant to the rotation rates of receivables and liabilities. On the other hand the hospital’s profitability has statistically significant impact on the length of the liabilities rotation ratio.
Authors and Affiliations
Paweł Prędkiewicz, Katarzyna Prędkiewicz
Keywords
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