engleski

Financing the small and middle-sized maritime shipping companies in the Republic of Croatia

By applying the theories, concepts and techniques of the financial management, the financial managers attempt to secure indispensable financial resources required to pay off mature debt, as well as finance the company’s capital investments. Due to the recession limitations and insufficiently developed financial markets, in an effort to invest and maintain competitiveness of the fleet, the financial managers of maritime companies are often forced to make decisions that give rise to increasing financing costs, thus unfavorably influencing the company’s capital structure. This paper, using the multiple case studies method, based on the sample of six (6) small and middle-sized maritime shipping companies in the Republic of Croatia, researches the abilities of the companies with regard to investing and financing the capital investments. Also, it aims at determining whether the basic characteristics, such as the company’s size, structure, ownership dispersal, capital structure, market and the like, impact the sources of financing capital investments.

Financial management, Capital investment, Financing sources, Maritime shipping company

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