Factoring Services: Nectar for Corporate Liquidity

Deepak Devgan and Harpreet Dusanjh ()

The IUP Journal of Financial Economics, 2007, vol. V, issue 2, 42-59

Abstract: The modern day economies are passing through a phase of conversion, and service sector is grabbing the share of agriculture and industry in the Gross Domestic Product (GDP) of the world. The predominant among the service sector are the financial services that are growing by leaps and bounds. As no business can survive without ensuring liquidity, therefore, for catering this requirement, a novel innovation in services called ‘Factoring’ has shown its face. To pursue growth objectives, the manufacturers and the suppliers create a plenty of book debt, the delayed payments of which may hamper future production and sales. These people can take shelter of factoring services to ensure smooth running of their businesses. Through factoring, business community has got not only financial support, but also management support. The present paper is an attempt to study the dynamics of factoring and also to review the progress of factoring services worldwide in general, and in Asia and India in particular.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjfe:v:05:y:2007:i:2:p:42-59

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