FINANCING DECISION – THE DETERMINANT ROLE OF MANAGEMENT IN INVESTMENTS OF TOURIST ENTITIES

Luminita Paiusan, Marius Boiță, Boby Costi, Eduard Ajtay and Adina Maria Motica
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Luminita Paiusan: „Vasile Goldis” Western University of Arad, Romania
Marius Boiță: „Vasile Goldis” Western University of Arad, Romania
Boby Costi: „Vasile Goldis” Western University of Arad, Romania
Eduard Ajtay: University Western, Timisoara, Romania
Adina Maria Motica: Academia Româna/„Vasile Goldis” Western University of Arad, Romania

SEA - Practical Application of Science, 2018, issue 16, 53-58

Abstract: Knowledge of investment costs is a basic tool at the hands of managers and is used to increase the efficiency of economic activity. The investment cost study aims to obtain profits under various aspects, both at microeconomic and macroeconomic level. The short-term financing decision refers to the financing of the operating cycle, which gives the purpose of circulating capital management. Tourism investments are materialized through: accommodation units, equipment, and infrastructure works that ensure the operation of the investments. Given that investors want profit in a quicker and shorter timeframe, in this paper we have conducted a case study on an entity's investment, its cost, recovery time and profitability on basis of the estimated profit. Appropriate financing of the tourism industry would, in the medium term, provide an incentive for the national economy.

Keywords: Tourism; Investment; Financing; Profit; Equipment (search for similar items in EconPapers)
JEL-codes: L21 M41 Z32 (search for similar items in EconPapers)
Date: 2018
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