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Forming of Founding Sources of the Tourism Entities

Author

Listed:
  • Marius Boiţă

    ("Vasile GoldiÅŸ" Western University of Arad)

  • LuminiÅ£a PăiuÈ™an

    ("Vasile GoldiÅŸ" Western University of Arad)

Abstract

The objectives of this paper are to identify the sources of financing of tourist entities. Located at the intersection of the two spheres (the tourist markets and the financial ones), the tourism entity in Romania is interested in finding the formula to assure its optimal funding by attracting resources from the financial environment, it is interested in high level satisfaction of the tourism demand and obtaining profit from the economic sphere. The determining objective of the Romanian tourism entity is to maximize its value by carrying out a profitable activity that will ensure a satisfactory remuneration of all its capital providers. This implies that the tourism entity obtains superior profits and, most importantly, generates sufficient cash funds for the distribution of dividends to the shareholders, simultaneously with the remuneration of the creditors at a favorable level of interest for the borrowed funds.

Suggested Citation

  • Marius Boiţă & LuminiÅ£a PăiuÈ™an, 2020. "Forming of Founding Sources of the Tourism Entities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 567-572, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:567-572
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2020/Section%204/2.pdf
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    References listed on IDEAS

    as
    1. Marius Boita & Boby Costi & Andrei Anghelina, 2014. "The Managerial Decision In Tourism Related To The Tax Information And The Accounting Reports," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 394-397, May.
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    More about this item

    Keywords

    tourism; tourism market; tourism demand; financing; profit;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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