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Financing Decision – The Determinant Role Of Management In Investments Of Tourist Entities

Author

Listed:
  • Luminita PAIUSAN

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

  • Marius BOIȚĂ

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

  • Boby COSTI

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

  • Eduard AJTAY

    (University Western, Timisoara, Romania)

  • Adina Maria MOTICA

    (Academia Româna/„Vasile Goldis” Western University of Arad, Romania)

Abstract

Knowledge of investment costs is a basic tool at the hands of managers and is used to increase the efficiency of economic activity. The investment cost study aims to obtain profits under various aspects, both at microeconomic and macroeconomic level. The short-term financing decision refers to the financing of the operating cycle, which gives the purpose of circulating capital management. Tourism investments are materialized through: accommodation units, equipment, and infrastructure works that ensure the operation of the investments. Given that investors want profit in a quicker and shorter timeframe, in this paper we have conducted a case study on an entity's investment, its cost, recovery time and profitability on basis of the estimated profit. Appropriate financing of the tourism industry would, in the medium term, provide an incentive for the national economy.

Suggested Citation

  • Luminita PAIUSAN & Marius BOIȚĂ & Boby COSTI & Eduard AJTAY & Adina Maria MOTICA, 2018. "Financing Decision – The Determinant Role Of Management In Investments Of Tourist Entities," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 16, pages 53-58, May.
    • Handle: RePEc:cmj:seapas:y:2018:i:16:p:53-58
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    More about this item

    Keywords

    Tourism; Investment; Financing; Profit; Equipment;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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