Factoring as an alternative way in financing small and medium-sized firms (SMSF)

المؤلفون

  • A BOURAS Département de Gestion Faculté des Sciences Economiques et Sciences de Gestion Université Mentouri Constantine

الملخص

 

Dr. A. BOURAS 

Dr. A. BOUDAH

Département de Gestion

Faculté des

Sciences Economiques

et Sciences de Gestion

Université MentouriConstantine, Algérie

 

 

The issue in financing firms is still raised by both professionals and academic researchers, where the degree of treatment may differ from a firm to a firm. The world of finance distinguishes between two types of firms: large, and small and medium ones. Small and Medium Sized Firms (SMSF) are still struggling to keep their activities growing and sustainable in the market place.

Historically speaking, banks were merely the only way for financing SMSFs’ activities. However, new sources of finance have emerged, and have become more crucial, from which factoring is now being considered as an efficient way in financing the working capital of SMSF. The Algerian financial system is still far away from using factoring as a means of finance, although law and regulation have asserted it.

التنزيلات

بيانات التنزيل غير متوفرة بعد.

السيرة الشخصية للمؤلف

A BOURAS، Département de Gestion Faculté des Sciences Economiques et Sciences de Gestion Université Mentouri Constantine

Département de Gestion

Faculté des

Sciences Economiques

et Sciences de Gestion

 

المراجع

Nick Ellse (1986), Factoring for new business, Mind your own business, p. 55.

Terry Garrett (1986,April 1), Cash flow can be eradicated, Financial Times.

Richard A. Brealy and Stewart C. Myers (1988), Principles of corporate finance, 3e ed., McGraw Hill Inc.

Journal Officiel de la République Algérienne (27 Avril 1993), N° 27, pp. 5-7.

Financial Times (1991, April 4), World’s top 10: factoring turnover, a reproduction from Factor Chain International.

Greet Asselbergh (2002), Financing firms with restricted access to financial markets: the use of trade credit and factoring in Belgium, The European Journal of Finance, Vol. 8, N°1, pp. 2-22.

Donald F. Clarck (1989), The evolution of asset based-lending, Secured Lender, Vol. 45, N°4, pp. 40-42.

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Export Times (1989), Factoring, Trade Finance Review, UK.

Donald F. Clarck, Op. Cit., p. 42.

Stuart Parker (1991), The merits of free choice, Credit Management, pp. 17-18.

Export Times (1990/1991), Factoring, Trade Finance Review, UK, pp. 18-31.

Michael Maberly (1986), Factoring: a catalyst for growth and profits, pp. 120-125.

Export Times, Op. Cit., p. 31.

Michael Maberly, Op. Cit., p. 123.

Export Times, Op. Cit., p. 20.

Stuart Parker, Op. Cit., p. 18.

John Butterworth ( 1990), The success factor, Accountancy, Vol.17, N°1170, pp. 104-105.

Financial Times (1991, April 4), Op. Cit., p. 27.

- Charles Batchelor (1991, April4), Factoring, in Financial Times Survey, p. 27.

Alan MaClaren (May 1989), Why factor when you can invoice discount? Credit- Management, p. 20.

John Butterworth, Op. Cit., p. 105.

The Association of British Factors (1987), Factoring of trade debts.

Jimmy Moss and Bert Stine (1989), Liquidity characteristics of small and large manufacturing firms, Managerial Finance, Vol. 15, N° 6.

Greet Asselbergh, Op. Cit., p. 18.

التنزيلات

منشور

2002-12-01

كيفية الاقتباس

BOURAS, A. (2002). Factoring as an alternative way in financing small and medium-sized firms (SMSF). مجلة العلوم الإنسانية, 13(2), 27–38. استرجع في من https://revue.umc.edu.dz/h/article/view/1039

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