IDENTIFYING AND IMPLEMENTATION OF THE FINANCING SOURCES OF TOURIST ENTITIES

Gabriela David, Marius Boiță and Gheorghe Pribeanu
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Gabriela David: „Vasile Goldiş” Western University of Arad, Romania
Marius Boiță: „Vasile Goldiş” Western University of Arad, Romania
Gheorghe Pribeanu: „Vasile Goldiş” Western University of Arad, Romania

SEA - Practical Application of Science, 2015, issue 9, 125-129

Abstract: Located at the intersection of the two spheres (tourism markets and financial ones), the tourism entity in Romania is interested in finding the formula to assure optimum financing by attracting financial resources in the field, on the one hand and on the other hand it is interested in meeting the high demand for profit from tourism and economic sphere. The objective determinant of Romanian tourism entity is to maximize the value by carrying out a profitable activity. The touristic entity must obtain profit to generate sufficient funds to distribute cash dividends to shareholders, while paying creditors at a favorable interest on borrowed funds.

Keywords: tourism; tourism market; tourism demand; financing; profit (search for similar items in EconPapers)
JEL-codes: L83 M10 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2015:i:9:p:125-129

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