THE INFLUENCE OF THE CHOICE OF INVESTMENT STRATEGY IN CURRENT ASSETS ON THE COST OF CAPITAL AND ON THE VALUE OF ENTERPRISE (Wplyw wyboru strategii inwestowania w aktywa biezace na koszt kapitalu i na wartosc przedsiebiorstwa)

A firm choosing among various solutions in working capital needs to decide what level of risk is acceptable for its owners and capital suppliers. That choice results in financial consequences, especially in the cost level. In this paper we consider the relation between risk and expected benefits from the working capital decision and its results on financing costs for the firm. The paper discusses a relation between the choice of strategy of investment in current assets and the results of that choice on the growth of firm value.