Net Working Capital Management Strategies in the Construction Enterprises Listed on the NewConnect Market

摘要

The purpose of this article is to identify the Net Working Capital (NWC) management strategies in enterprises operating in the construction sector quoted on the alternative exchange market NewConnect, regarded as one of the most positively differentiating among similar markets in Europe. The article shows the concept of identifying NWC management strategies. On the basis of the developed methodology, the types and the number of the management strategies applied by the examined companies were specified. The study covered 2009-2014, i.e. the period of the most severe economic crisis since the fourth decade of the twentieth century.