BANK LOANS VS THE BUSINESSES FUNDING THROUGH THE ISSUE OF SECURITIES: EVIDENCE FROM MACEDONIA

Odzaklieska, Dragica and Spaseska, Tatjana and Trajkoska, Gordana and Vitanova, Gordana (2019) BANK LOANS VS THE BUSINESSES FUNDING THROUGH THE ISSUE OF SECURITIES: EVIDENCE FROM MACEDONIA. Proceedings 11th International conference Digital economy and society:shaping the future. pp. 11-23.

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Abstract

The businesses funding is a complex process because it means financial resources providing, their use, reproduction, return of the borrowed funds to the financial sources, regulation of the economic financial relation etc. Because of that, the crucial task of the business entities' business and financial policy is the selection of appropriate funding sources that will enable their maximal financial stability. Self-financing is the cheapest form of financing the reproduction process, which enables high rate of financial independence at making financial decisions, and flexibility in the financial policy running. However, the business entities cannot fund their growth and development only from their own sources. Namely, they often rely on borrowed sources, i.e. on the banks and other financial institutions loans, on the issue of securities, specific forms of funding, and also they use international financing sources. In the Macedonian economy, due to the complex economic and social conditions, many businesses are faced with the issue of providing quality funding sources. Due to those reasons, the basic aim of this study is to analyze the opportunities for the Macedonian firms to use some funding sources and to identify the problems in selecting the appropriate funding source, which will enable the funding costs reduction, i.e. optimization of the businesses financial structure.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 27 Dec 2019 20:35
Last Modified: 30 Dec 2019 07:48
URI: http://eprints.uklo.edu.mk/id/eprint/2292

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