JEL classification: G30;
Keywords: net working capital, beta, risk;
Abstract: The goal of this paper is to present the net working capital strategies relationship with the systematic
risk ratio, namely beta coefficient, that is a measure of a stock’s volatility in relation to the market.
The strategy of financing assets reflected in net working capital is influencing the financial liquidity
policy and the risk of the company thereafter. Decisions and strategies that are performed by
management are assessed by investors when a company is listed on the exchange and should be
reflected in share price volatility. The survey is based on quantitative analysis of NewConnect nonfinancial
company data. The results of the analysis show that the relationship between net working
capital indicators and beta coefficient is negative.