Strategia płynności finansowej przedsiębiorstw rolniczych w zależności od rentowności aktywów

The paper presents the identifi cation and interpretation of partial financial liquidity strategies according to the risk-return concept in the agricultural enterprises, depending on the rate of return on assets. The research embraces 100 enterprises. The study period was 2008. In the research the substantial dependence between the character of partial liquidity strategies according to risk-return concept and the rate of return of agricultural enterprises was determined. High financial results were accompanied by the high level of working capital, in particular the most liquid assets. The managers of the enterprises that generated losses revealed extremely aggressive approach to the strategy of liquidity.