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Factoring, a Financing Alternative for Romanian Exporters During Crisis

Author

Listed:
  • Dugan Silvia

    (“Constantin Brâncoveanu” University of Pitesti)

  • Pepenel Madelaine-Lorelai

    (“Constantin Brâncoveanu” University of Pitesti)

Abstract

Factoring, a product used in dynamic business environments worldwide, is a quick solution for the issue of working capital locked in the loan provider, ensuring a productive use of financial resources. During the economic crisis and given the very limited access to traditional financing schemes, factoring may be a suitable alternative for some companies in Romania, particularly those operating in the provision of goods or services. Factoring is therefore a solution to short-term finance company unsecured debt on assignment for specialized factoring company. As an alternative to standard loans, factoring is a low risk way of financing increasingly requested by Romanian companies.

Suggested Citation

  • Dugan Silvia & Pepenel Madelaine-Lorelai, 2011. "Factoring, a Financing Alternative for Romanian Exporters During Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 688-689, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:688-689
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    More about this item

    Keywords

    factoring; factor; adherent; debts;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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