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Abstract

Article focuses on showing the importance of financial management in creating the flexibility of the company and identifying conditions affecting the decision on the company’s financial flexibility. This paper reviews existing literature and provides a definition of financial flexibility which emphasizes its multidimensionality. The article discusses the potential benefits of maintaining financial flexibility and choice of factors shaping it. The article presents a decision on the financial flexibility formation as a result of two groups of factors—the company’s need for flexibility and the capability of its creation.

This article is part of the project funded by the National Science Center (decision DEC-2011/03/B/HS4/01175).

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Correspondence to Józefa Gryko .

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Gryko, J. (2018). Managing of Financial Flexibility. In: Choudhry, T., Mizerka, J. (eds) Contemporary Trends in Accounting, Finance and Financial Institutions. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-72862-9_4

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