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| Author: | Haimerl, L. J. |
| Title: | Finanzierung ist eine unternehmerische Aufgabe = Financing is an entrepreneurial task |
| Journal: | Management-Zeitschrift Industrielle Organisation
1991 : FEB, VOL. 60:2, p. 65-68 |
| Index terms: | ENTREPRENEURSHIP FINANCING INVESTMENT FINANCIAL PLANNING DECISION MAKING MANAGEMENT ROLES |
| Language: | ger |
| Abstract: | The relationships between financing and entrepreneurship are examined. It is shown that a credit expansion is seldom enough to solve the problems of financing. The right approach to the financing of long-term investments is described. The golden rule of financing is explained. The role of a sufficient amount of equities is emphasized. A great variety of financing sources are assessed. An extensive use of public sources of financing is criticized. Arguments are presented that medium-term financial planning is essential for making well-grounded financing decisions. The role of credits in international trade is explained. |
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