Factoring, a Financing Alternative for Romanian Exporters During Crisis

Dugan Silvia () and Pepenel Madelaine-Lorelai
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Dugan Silvia: “Constantin Brâncoveanu” University of Pitesti
Pepenel Madelaine-Lorelai: “Constantin Brâncoveanu” University of Pitesti

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 688-689

Abstract: Factoring, a product used in dynamic business environments worldwide, is a quick solution for the issue of working capital locked in the loan provider, ensuring a productive use of financial resources. During the economic crisis and given the very limited access to traditional financing schemes, factoring may be a suitable alternative for some companies in Romania, particularly those operating in the provision of goods or services. Factoring is therefore a solution to short-term finance company unsecured debt on assignment for specialized factoring company. As an alternative to standard loans, factoring is a low risk way of financing increasingly requested by Romanian companies.

Keywords: factoring; factor; adherent; debts (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:688-689

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