Perspectives of Innovations, Economics and Business

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Volume 12
Issue 3
Online publication date 2012-11-23
Title Stepped coupon bonds and restructuring factoring in relation to net circulating capital in companies in financial difficulty
Author Katarzyna Kreczmańska-Gigol, Marcin Liberadzki
Abstract The instrument to be applied in order to raise net circulating capital is stepped coupon bonds, a novel solution non-existent on the Polish market. Restructuring factoring applied sporadically in Poland and Germany is an instrument reducing the demand for the corporate net circulating capital. The article presents the idea of these instruments and the possibility of using them by a company in financial difficulty
Citation
References
Ertl, M., 2004. Aktives Cashflow-Management. Liquiditätssicherung durch wertorientierte Unternehmensführung und effiziente Innenfinanzierung, Vahlen, München

Michalski, G., 2005. Financial liquidity in SMEs [Płynność finansowa w małych i średnich przedsiębiorstwach], in Polish, PWN, Warsaw 

Ostaszewski, J., Cicirko T., 2006. Joint-Stock Company’s Finance [Finanse spółki akcyjnej], in Polish, Warszawa: Difin 

Rutkowska J., 2005. „Utrata płynności czy wypłacalności? - główna determinanta zagrożenia kontynuowania działalności polskich przedsiębiorstw” (Loss of liquidity or solvency? - the major determinant of the threat to the continuity of operations of Polish companies), in: J. Ostaszewski (ed.), Finanse przedsiębiorstwa (Corporate finance), Oficyna Wydawnicza SGH w Warszawie, Warsaw, pp.351-57 

Skowronek-Mielczarek, A., 2003. SMEs. Sources of Financing [Małe i średnie przedsiębiorstwa. Źródła finansowania], in Polish, Warsaw: C.H. Beck 
Keywords Stepped coupon bonds, factoring, company restructuring, financing
DOI http://dx.doi.org/10.15208/pieb.2012.12
Pages 5-14
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