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Identifying And Implementation Of The Financing Sources Of Tourist Entities

Author

Listed:
  • Gabriela DAVID

    („Vasile Goldiş” Western University of Arad, Romania)

  • Marius BOIȚĂ

    („Vasile Goldiş” Western University of Arad, Romania)

  • Gheorghe PRIBEANU

    („Vasile Goldiş” Western University of Arad, Romania)

Abstract

Located at the intersection of the two spheres (tourism markets and financial ones), the tourism entity in Romania is interested in finding the formula to assure optimum financing by attracting financial resources in the field, on the one hand and on the other hand it is interested in meeting the high demand for profit from tourism and economic sphere. The objective determinant of Romanian tourism entity is to maximize the value by carrying out a profitable activity. The touristic entity must obtain profit to generate sufficient funds to distribute cash dividends to shareholders, while paying creditors at a favorable interest on borrowed funds.

Suggested Citation

  • Gabriela DAVID & Marius BOIȚĂ & Gheorghe PRIBEANU, 2015. "Identifying And Implementation Of The Financing Sources Of Tourist Entities," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 9, pages 125-129, December.
    • Handle: RePEc:cmj:seapas:y:2015:i:9:p:125-129
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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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