THE IMPACT OF FINANCING POLICY ON THE COMPANY’S VALUE

National and international financial system offers companies a wide range of funding sources. The choice of one or more of the available sources and their combination are major aspects of the company's financing policy. Managers must keep in mind that the call to one or other of potential fundi...

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Bibliographic Details
Published in:Analele Universităţii din Oradea. Ştiinţe economice 2010-07, Vol.1 (1), p.388-393
Main Authors: Nicolescu Cristina, Boţoc Claudiu, Pirtea Marilen
Format: Article
Language:ger
Subjects:
capital structure
company’s value
cost of capital
financing policy
Online Access:Get full text
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Summary:National and international financial system offers companies a wide range of funding sources. The choice of one or more of the available sources and their combination are major aspects of the company's financing policy. Managers must keep in mind that the call to one or other of potential funding sources is not a minor and independent decision, but has profound implications on the company’s value. Weighted average cost of capital can be used as the discount rate or the selection of investment projects.
ISSN:1222-569X
1582-5450