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Credits and Bank Guarantee Letters in Entrepreneurship Development During Crisis

机译:危机期间企业家精神发展中的学分和银行担保函

摘要

When the credit crisis started in 2008, a total of 67 entrepreneurs sought advice with the European Centre of Managerial Studies in Business Administration of the Spiru Haret University in Bucharest in order to find alternatives to finance classic loans that could enable them perform their activity. Based on these requirements, the paper aims to identify the impact of the crediting and guarantee instruments employed by entrepreneurs upon the economic-financial indicators and the cash flow. This approach is helpful in the entrepreneurs-banks relationships framework so that the best banking instruments be used in the process of entrepreneurship development within a changing business environment. To achieve the research there were identified, from those who sought advice, 43 entrepreneurs active in manufacturing due to the complexity of the crediting and guarantee instruments used in this field. Data collection and processing has resulted in the determination of cash flow and calculation of the main financial indicators for a five year time interval, indicators that are used by banks in relation to credited or secured entrepreneurs. The main results indicate that entrepreneurs who have secured business through letters of guarantee recorded positive cash flows and a better situation of the main economic and financial indicators with positive effects on their relationship with the business community.
机译:2008年信贷危机爆发时,共有67位企业家在布加勒斯特Spiru Haret大学的欧洲商业管理管理研究中心寻求建议,以寻找可以使自己开展业务的经典贷款融资方式。基于这些要求,本文旨在确定企业家采用的信贷和担保工具对经济财务指标和现金流量的影响。这种方法在企业家与银行的关系框架中很有用,因此,在不断变化的商业环境中,最好的银行工具可用于企业家精神发展的过程中。为了进行研究,从寻求建议的人员中确认了43位活跃于制造业的企业家,因为该领域使用的信贷和担保工具非常复杂。数据收集和处理导致现金流的确定和每五年时间间隔的主要财务指标的计算,这些指标是银行用于信贷或担保企业家的指标。主要结果表明,通过担保函获得业务的企业家记录了正现金流量,以及主要经济和金融指标的改善,对其与企业界的关系产生了积极影响。

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  • 作者

    Ilie Dragos;

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  • 年度 2015
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  • 原文格式 PDF
  • 正文语种 eng
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