Forming of Founding Sources of the Tourism Entities

Marius Boiţă () and Luminiţa Păiușan ()
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Marius Boiţă: "Vasile Goldiş" Western University of Arad
Luminiţa Păiușan: "Vasile Goldiş" Western University of Arad

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 567-572

Abstract: The objectives of this paper are to identify the sources of financing of tourist entities. Located at the intersection of the two spheres (the tourist markets and the financial ones), the tourism entity in Romania is interested in finding the formula to assure its optimal funding by attracting resources from the financial environment, it is interested in high level satisfaction of the tourism demand and obtaining profit from the economic sphere. The determining objective of the Romanian tourism entity is to maximize its value by carrying out a profitable activity that will ensure a satisfactory remuneration of all its capital providers. This implies that the tourism entity obtains superior profits and, most importantly, generates sufficient cash funds for the distribution of dividends to the shareholders, simultaneously with the remuneration of the creditors at a favorable level of interest for the 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: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:1:p:567-572

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