Open AccessZnacaj i uloga faktoringa kao instrumenta finansiranja izvoza – iskustva novih clanica Evropske unije
Author(s) -
Radovan Kovačević
Publication year - 2005
Publication title -
economic annals/ekonomski anali
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.148
H-Index - 12
eISSN - 1820-7375
pISSN - 0013-3264
DOI - 10.2298/eka0565081k
Subject(s) - factoring , political science , capital (architecture) , business , economy , economics , geography , finance , archaeology
In recent years factoring has experienced phenomenal growth and has become an important source of financing ? ecpecially short term working capital ? for small and medium-size enterprises (SMEs). This paper explores the advantages of factoring over other types of lending for firms in developing economies. The paper also discusses the informational, legal, tax and regulatory barriers to its growth. It examines the role of factoring in the eight Eastern European countries that became EU members on May 1, 2004.