Naslov
Factoring – Advantages in Financing Small and Medium – Size Enterprises

Autori
Vinković Kravaica, Anastazija ; Ribarić Aidone, Eda ; Tomljenović, Ljerka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
3rd International Conference, An Enterprise Odyssey: &#8220 ; ; ; Integration or Disintegration&#8221 ; ; ; &#8211 ; ; ; Conference proceedings / - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2006

Skup
3rd International Conference, An Enterprise Odyssey &#8220 ; ; ; Integration or Disintegration&#8221 ; ; ;

Mjesto i datum
Zagreb, Hrvatska, 15.06.2006. - 17.06.2006

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
receivables; factoring; asset-based finance; SMEs

Sažetak
Waiting for the collection and not gaining interests make receivables unproductive assets since this assets do not generate any income. Therefore, in order to avoid unliquidness as a possible consequence of money bounded in receivables, it is necessary to ensure funds needed for normal system functioning. A way of acquiring funds is transforming receivables in money - factoring. Factoring represent the transaction where a firm either sells its receivables to a factoring-company - a factor, or borrows money ensuring a loan with its receivables – a collateral in a loan. Anyway, it is a form of asset-based finance which ensures the needed cash flow very quickly. The role of factoring in financing small and medium-size enterprises is growing very quickly in developing economies. This paper focuses on factoring – the new service on the Croatian financial market, its advantages and institutional aspects. It also gives suggestions for the creation of a conveniently economic and legal environment by establishing regulatory rules. That way the basis for factoring’ s existence and achievement of optimal results of liquidness as a condition for successful business, as well as possibilities for managing own cash flows, will be ensured, enabling the acceleration of economic development in general.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA