The Financial Liquidity Investment Efficiency Model (FLIEM) was presented and discussed by Michalski (Value-based working capital management: determining liquid asset levels in entrepreneurial environments. Palgrave Macmillan, 2014). Here the Cash Levels in Full Operating Cycle (CLFOC) is...

The paper presents issues related to the risk of growth failure of SMEs operating in the shadow economy and discusses determinants and paths of business growth. The participation of companies in the shadow economy affects their operations, and thus the processes of their growth. On the one hand,...

CSR practice may draw inspiration not only from academic inquiries, but also from social debates, goals articulated by political leaders and the experiences of other economic entities that carry out their own social responsibility programmes. This article discusses an issue that has fundamental...