Financial determinants of changes in financial liquidity of wood industry enterprises in Poland in 2006-2012

The aim of the study is to present the diversity of financial liquidity of the wood industry in Poland in 2006-2012 and to identify the strength and direction of impact of selected factors influencing the variability of financial liquidity. The conducted analyses have proven that wood industry enterprises, regardless of their size and adopted measure, had the ability to meet their current liabilities, although this capacity remained at a fairly low level. In turn, the causal factor analysis has indicated that changes in the level of financial liquidity, measured by static indicators, were in the wood industry largely determined by changes in the structure of current assets and by changes in the degree of coverage of current liabilities with assets.