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Factoring: Alternative Model Of Financing

Author

Listed:
  • Ivanovic, Sasa

    (Faculty of Tourism and Hospitality Management in Opatija, University of Rijeka, Croatia.)

  • Baresa, Suzana

    (Faculty of Tourism and Hospitality Management in Opatija, University of Rijeka, Croatia.)

  • Sinisa, Bogdan

    (Faculty of Tourism and Hospitality Management in Opatija, University of Rijeka, Croatia.)

Abstract

This paper aims to present factoring as an alternative funding model. This paper also tries to scientifically explore and emphasize its economic role thorough advantages and disadvantages of such financing model, and show condition in world and Croatia. Good corporate governance and professional financial management can contribute to the establishment of such business strategy (in terms of: strategy in relation to potential risks, the systems for managing risks and monitoring, investment strategies, interventions, etc.) that will make the company resistant to unexpected and unpredictable changes in both their environment and the global marketplace and timely actions to contribute to faster recover from the effects of the crisis and business damages reduced to a minimum recovery.

Suggested Citation

  • Ivanovic, Sasa & Baresa, Suzana & Sinisa, Bogdan, 2011. "Factoring: Alternative Model Of Financing," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 2(2), pages 189-206.
    • Handle: RePEc:ris:utmsje:0040
    as

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    File URL: http://utmsjoe.mk/files/Vol.2%20No.2/0-2-2-8-Ivanovic-Baresa-Bogdan.pdf
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    References listed on IDEAS

    as
    1. Klapper, Leora, 2006. "The role of factoring for financing small and medium enterprises," Journal of Banking & Finance, Elsevier, vol. 30(11), pages 3111-3130, November.
    2. Bogdan, Sinisa & Baresa, Suzana & Ivanovic, Sasa, 2010. "Portfolio Analysis Based On The Example Of Zagreb Stock Exchange," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 1(1), pages 39-52.
    3. Karanovic, Goran & Bogdan, Sinisa & Baresa, Suzana, 2010. "Financial Analysis Fundament For Assessment The Value Of The Company," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 1(1), pages 73-84.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Esho, Ebes & Verhoef, Grietjie, 2018. "The Funding Gap and the Financing of Small and Medium Businesses: An Integrated Literature Review and an Agenda," MPRA Paper 90153, University Library of Munich, Germany, revised 21 Nov 2018.
    2. Tristan Blick & Ine Paeleman & Eddy Laveren, 2024. "Financing constraints and SME growth: the suppression effect of cost-saving management innovations," Small Business Economics, Springer, vol. 62(3), pages 961-986, March.
    3. Baresa, Suzana & Bogdan, Sinisa & Ivanovic, Zoran, 2017. "Specific Form Of Short-Term Financing," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 8(2), pages 119-129.
    4. G. V. Satya Sekhar, 2018. "Measuring Models and Trends in International Factoring: 2009-2018," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 7(4), pages 236-245, November.
    5. Nicoleta Barbuta-Misu, 2013. "Factoring – Alternative Of Short-Term Financing For Companies," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 166-171.

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    More about this item

    Keywords

    factoring; receivables; liquidity; solvency; financing;
    All these keywords.

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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