Abstract:

Internationalisation of a company is believed to have a beneficial effect on the situation of the company and contribute to the home country’s economic development. For this reason, almost every country supports exporters. In order to provide support, one needs to understand the nature of the problems that exporters are exposed to. The paper shows that exporters often suffer from the liquidity shortages and suggests that in order to promote exports, the governments should take steps to provide exporters access to additional operational financing and information which would reduce exporting risks. In particular, the paper analyses the relationship between the internationalisation of a company and its liquidity. The hypotheses which are positively verified in this paper are that there exists a positive relationship between the fact of internationalisation and a quick liquidity ratio (H0) and that there exists a linear relationship between the level of internationalisation and a quick liquidity ratio (H1). The paper shows that for four analysed countries (Bosnia and Herzegovina, Greece, France and the United Kingdom) there existed a positive relationship between the fact of exporting and the level of liquidity and also that there existed a relationship between the share of export sales in total sales and the liquidity. In other words, the paper results show that the more exports a company has, the higher is the liquidity it maintains in its assets.