Język Polski
English
Published
:
2007-12-30
The Impact of Foreign Currency Exchange Rates on the Financial Performance of Polish Small and Medium-sized Enterprises
Maciej Ciołek
Abstract
The paper explores the impact of the fluctuations of foreign currency exchange rates on the financial performance of Polish small and medium-sized enterprises. Macro- -economic theory points to a likely strong influence of foreign exchange rates on the operations of business companies, which - the authors assume - should be reflected in their financial reports. The findings of research focusing on the correlations between the net profit/loss and the sales revenues on the one hand and the US dollar and the Euro exchange rates on the other do not confirm the thesis, showing no clear effect of the exchange rates on the financial performance of small and medium-sized businesses. (original abstract)Keywords:
Small business, Enterprise finance, Exchange rates, Scientific researchMost read articles by the same author(s)
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Ciołek, M. (2007). The Impact of Foreign Currency Exchange Rates on the Financial Performance of Polish Small and Medium-sized Enterprises. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 20(20). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1720