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Capital strategy of the enterprise
Języki publikacji
Abstrakty
A company must raise sufficient capital to supply its long-terms needs for fixed--assets investments, and it must do so at the Iovest possible cost. An enterprise can derive its capital from two sources: 1) from debet by - borowing long-term funds in the market, and 2) from equity by issuance of common or preferred stock, or by retaining and accruing earning. The mix of long-term debt and equity is referred to as the firm's capital structure. This structure eis partly determined by, and it strongly influences the per-share profitability of the firm. Mangements can ascertain the costs of the different means of long-term capital provision. But it any qiven case the decission to choose debt or equity is influenced by factors other than cost. What method a firm uses to reach its important capital investment decisions will ultimately depend on the circumstances. Managements therefore need techniques by which to compare the relative mertis of alternative choices so as to reach the best decision.
Słowa kluczowe
Czasopismo
Rocznik
Tom
Strony
71--84
Opis fizyczny
bibliogr. 8 poz.
Twórcy
autor
- Uniwersytet Szczeciński, Wydział Ekonomiczny, Instytut Ekonomiki i Organizacji Przedsiębiorstw, Zakład Zarządzania Przedsiębiorstwem, ul. Mickiewicza 64, 71-101 Szczecin, janasz@uoo.univ.szczecin.pl
Bibliografia
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-article-BUS6-0006-0005