THE IMPACT OF FINANCING POLICY ON THE COMPANY’S VALUE

Pirtea Marilen (), Claudiu Botoc () and Nicolescu Cristina ()

Annals of Faculty of Economics, 2010, vol. 1, issue 1, 388-393

Abstract: National and international financial system offers companies a wide range of funding sources. The choice of one or more of the available sources and their combination are major aspects of the company's financing policy. Managers must keep in mind that the call to one or other of potential funding sources is not a minor and independent decision, but has profound implications on the company’s value. Weighted average cost of capital can be used as the discount rate or the selection of investment projects.

Keywords: financing policy; cost of capital; capital structure; company’s value (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2010
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