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Financial Security as a Basis for the Sustainable Development of Small and Medium-Sized Renewable Energy Companies—A Polish Perspective

cris.virtual.author-orcid0000-0002-5811-8437
cris.virtual.author-orcid0000-0003-4352-3074
cris.virtual.author-orcid0000-0002-2990-3348
cris.virtual.author-orcid0000-0003-0941-4798
cris.virtualsource.author-orcid4001d30a-042b-42e3-95bc-a1e53e717712
cris.virtualsource.author-orcidc3b61919-dcdb-46b2-af62-60ebda38ff84
cris.virtualsource.author-orcidb83786b3-e75b-486a-84bd-26bdb579ccf6
cris.virtualsource.author-orcidd9d8eafa-b48f-407c-b9f1-37c1d87ee515
dc.abstract.enIn conditions of economic and political instability, when unpredictability affects business, the need for security, including financial security, becomes particularly important. In our study, we address this issue, with the main objective of comparing and evaluating the financial security of small and medium-sized renewable energy companies in Poland according to sustainable development goals. In order to study and describe relationships between selected groups of companies, financial ratios were used, including canonical variate analysis. The liquidity ratios of the surveyed companies indicated a low level of financial security in terms of the ability to meet short-term liabilities. The profitability of operations was low and did not contribute to the improvement of financial security in most of the companies. The lowest return on assets was found in the group of biogas plants. Higher profitability of assets was found in solar power plants, including those with system installations. Solar power plants were also characterized by a high level of total debt and a rapid turnover of assets in comparison to other studied companies. The results show that the financial security of small and medium-sized renewable energy enterprises in Poland is low, which may be a threat to sustainable development in the future.
dc.affiliationWydział Rolnictwa, Ogrodnictwa i Biotechnologii
dc.affiliationWydział Ekonomiczny
dc.affiliationWydział Inżynierii Środowiska i Inżynierii Mechanicznej
dc.affiliation.instituteKatedra Metod Matematycznych i Statystycznych
dc.affiliation.instituteKatedra Finansów i Rachunkowości
dc.affiliation.instituteKatedra Ekologii i Ochrony Środowiska
dc.contributor.authorKayzer, Dariusz
dc.contributor.authorCzerwińska-Kayzer, Dorota
dc.contributor.authorFlorek, Joanna
dc.contributor.authorStaniszewski, Ryszard
dc.date.access2024-08-26
dc.date.accessioned2024-08-26T12:01:39Z
dc.date.available2024-08-26T12:01:39Z
dc.date.copyright2024-07-11
dc.date.issued2024
dc.description.abstract<jats:p>In conditions of economic and political instability, when unpredictability affects business, the need for security, including financial security, becomes particularly important. In our study, we address this issue, with the main objective of comparing and evaluating the financial security of small and medium-sized renewable energy companies in Poland according to sustainable development goals. In order to study and describe relationships between selected groups of companies, financial ratios were used, including canonical variate analysis. The liquidity ratios of the surveyed companies indicated a low level of financial security in terms of the ability to meet short-term liabilities. The profitability of operations was low and did not contribute to the improvement of financial security in most of the companies. The lowest return on assets was found in the group of biogas plants. Higher profitability of assets was found in solar power plants, including those with system installations. Solar power plants were also characterized by a high level of total debt and a rapid turnover of assets in comparison to other studied companies. The results show that the financial security of small and medium-sized renewable energy enterprises in Poland is low, which may be a threat to sustainable development in the future.</jats:p>
dc.description.accesstimeat_publication
dc.description.bibliographyil., bibliogr.
dc.description.financeother
dc.description.financecost0,00
dc.description.if3,3
dc.description.number14
dc.description.points100
dc.description.reviewreview
dc.description.versionfinal_published
dc.description.volume16
dc.identifier.doihttps://doi.org/10.3390/su16145926
dc.identifier.issn2071-1050
dc.identifier.urihttps://sciencerep.up.poznan.pl/handle/item/1688
dc.identifier.weblinkhttps://www.mdpi.com/2071-1050/16/14/5926
dc.languageen
dc.pbn.affiliationenvironmental engineering, mining and energy
dc.relation.ispartofSustainability
dc.relation.pagesart. 5926
dc.rightsCC-BY
dc.sciencecloudsend
dc.share.typeOPEN_JOURNAL
dc.subject.enfinancial security
dc.subject.ensustainable development
dc.subject.encanonical variate analysis
dc.subject.enrenewable energy sources
dc.subject.ensmall and medium-sized companies
dc.titleFinancial Security as a Basis for the Sustainable Development of Small and Medium-Sized Renewable Energy Companies—A Polish Perspective
dc.typeJournalArticle
dspace.entity.typePublication
oaire.citation.issue14
oaire.citation.volume16