Effects of the COVID-19 Global Crisis on the Working Capital Management Policy: Evidence from Poland

The paper aims to investigate the effects of COVID-19 pandemic on working capital management policies among Polish small and medium-sized enterprises operating in Group Purchasing Organizations (GPOs). results show that firms adopted a moderate–conservative strategy for their management. Moreover, evidence confirms crisis did not change Working Capital Management (WCM) strategies significantly. companies have high financial security as result ratio Liquidity, Quick, cash conversion cycle (CCC) tried attract more new customers market by increasing due date accounts receivable so they can improve sales performance, also reduce liabilities turnover be able work with suppliers market. various WCM strategies, higher CCC ratio, along those whose bulk current assets consisted short-term investments, managed returns. Finally, our outcomes indicate large cities lower returns, meaning even enterprises’ ability within GPOs aid central unit get return (ROS) results.