KRATKOROČNO FINANCIRANJE I NJEGOVE IMPLIKACIJE NA SOLVENTNOST I PROFITABILNOST PODUZEĆA

Autor: Eleonora Kontuš
Jazyk: chorvatština
Rok vydání: 2011
Předmět:
Zdroj: Ekonomska misao i praksa
Volume 20
Issue 2
ISSN: 1848-963X
1330-1039
Popis: Svrha i ciljevi istraživanja jesu istražiti značajke kratkoročnog financiranja poduzeća, njegov utjecaj na solventnost i profitabilnost, istražiti odabir kratkoročnih izvora financiranja s aspekta troškova financiranja i dokazati važnost znanstveno utemeljenog upravljanja kratkoročnim izvorima financiranja. Poduzeće treba razmotriti troškove svih raspoloživih izvora financiranja i izvršiti odabir optimalne kombinacije kratkoročnih izvora financiranja s aspekta troškova financiranja prema stvarnoj kamatnoj stopi nakon oporezivanja. Pri odabiru kratkoročnih izvora financiranja financijski menadžer treba razmotriti troškove izvora financiranja, utjecaj kratkoročnog financiranja na solventnost i profitabilnost poduzeća i odabrati optimalnu kombinaciju kratkoročnih izvora financiranja s aspekta ekonomičnosti, solventnosti i profitabilnosti. Na temelju dobivenih rezultata istraživanja izrađen je model optimalnog kratkoročnog financiranja poduzeća koji omogućava odabir optimalne kombinacije kratkoročnih izvora financiranja s aspekta troškova financiranja, solventnosti i profitabilnosti.
The purpose and aims of this paper are to explore short-term financing of companies, its impact on profitability and solvency, then to determine which sources of short-term financing to employ, based on the lowest cost criteria, and lastly, to prove the importance of scientifically-based management of short-term financing. The company should bear in mind the cost of available sources expressed as a comparable Effective Interest Rate After Tax (EIRAT) and decide on the optimal composition of the company's short-term sources from a cost-effective point of view with regard to EIRAT. To determine what sources of short-term financing to employ, a firm should take into consideration the cost of the sources, the impact of short-term sources on solvency and profitability and decide on the optimal composition of the firm's short-term liabilities from an economic, solvency and profitability aspect. On the basis of research results, a model of optimal short-term financing has been developed whereby a company can select the optimal composition of short-term sources from a cost-financing, solvency and profitability standpoint.
Databáze: OpenAIRE
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