engleski

Entrepreneurial financing in the Republic of Croatia

The topic of this research paper emphasizes and analyzes the key differences between entrepreneurial finance and corporate finance. The goal of the research paper is to identify different sources of financing and their application in the Republic of Croatia. Considering the different stages that the venture will go through, the comparative analysis highlights the essential characteristics of entrepreneurial financing versus corporate financing from the aspect of funding sources and the aspect of the funding process. Based on the field research, the main characteristics of entrepreneurial and corporate financing in the Republic of Croatia are presented. Main findings show that corporate finance is driven by the idea of preserving and increasing the value of companies based on the selection of efficient projects, while entrepreneurial finance relies on trust and willingness to take greater risks and enter uncertainty, because the value has yet to be created. The conclusion leads to the understanding the trends in entrepreneurial sources of financing in the Republic of Croatia as they are in the beginning, because of ignorance, tradition and investment climate. The research results show that majority of Croatian companies do not seek for the opportunity to be listed officially on the Stock Exchange market, because the primary goal of majority is to earn enough to make good living and ensure their families. The contribution of this research paper can be seen in clarification, definition and identification of differences between entrepreneurial finance and corporate finance and its application in the Republic of Croatia.

funding sources ; funding process ; entrepreneurial finance ; corporate finance

nije evidentirano