FINANCES – A SYSTEM OF FINANCIAL RELATIONS. A STUDY ON THE COMPANY’S FINANCIAL STRUCTURE
In this study, we would like to analyze the financial structure of a company, both from a theoretical and from an empirical perspective. The choice of the funding sources and the decision of funding, represented by the determination of the most adequate financial structure for a company, has been,...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2015-12-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2015-Special%20ECOTREND/72_Rascolean,%20Rakos,%20Oltean.pdf |
| Summary: | In this study, we would like to analyze the financial structure of a company, both from a theoretical and from an
empirical perspective. The choice of the funding sources and the decision of funding, represented by the determination
of the most adequate financial structure for a company, has been, in time, one of the greatest concerns of the financial
theory and practice. The identification and the determination of the funding sources has a strong impact on the
economic entities, because more often than not they turn to external funding sources, being unable to fund themselves
exclusively out of their own resources. Thus, the choice of the funding variant represents for the company leadership a
fundamental decision concerning the financial policy of the company. Consequently, by the measures meant to optimize
the activity – taken by managers – it is actually the company’s financial structure that is determined. The aim of this
paper is to demonstrate that the multiple possibilities of combining the potential funding sources have consequences on
the structure of a company’s capital.
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| ISSN: | 1844-7007 1844-7007 |