INTERNATIONAL FACTORING – A VIABLE FINANCING SOLUTION FOR FIRMS

Laura Giurca Vasilescu

Revista Tinerilor Economisti (The Young Economists Journal), 2010, vol. 1, issue 14, 27-34

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.

Keywords: international factoring; financing; firm; advantages; limits; financial crisis (search for similar items in EconPapers)
JEL-codes: G15 G32 O16 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2010:i:14:p:27-34

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