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International Factoring – A Viable Financing Solution For Firms

Author

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  • Assoc. Prof. Ph.D Giurca Vasilescu Laura

    (University of Craiova, Faculty of Economy and Business Administration, Craiova, Romania)

Abstract

The increased competition on the global market and the shortage of financial resources determined by the financial crisis imposed the international factoring as an alternative for financing for corporations and small and medium enterprises. International factoring eases much of the credit and collection burden created by international sales and financing is provided by means of advances against outstanding accounts receivable. Using of international factoring offers many advantages to both importers and exporters but in the same time presents some limits. Despite these, the international factoring has a great potential as methods of financing cross border transactions and the firms from all countries can beneficiate of this.

Suggested Citation

  • Assoc. Prof. Ph.D Giurca Vasilescu Laura, 2010. "International Factoring – A Viable Financing Solution For Firms," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(14), pages 27-34, April.
    • Handle: RePEc:aio:rteyej:v:1:y:2010:i:14:p:27-34
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    More about this item

    Keywords

    international factoring; financing; firm; advantages; limits; financial crisis;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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