Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105303
Authors: 
Baresa, Suzana
Bogdan, Sinisa
Ivanovic, Zoran
Year of Publication: 
2012
Citation: 
[Journal:] UTMS Journal of Economics [ISSN:] 1857-6982 [Volume:] 3 [Year:] 2012 [Issue:] 2 [Pages:] 141-166
Abstract: 
This paper points out the problems of liquidity, disposal and obtaining funds, inability to collect receivables, delayed payments in times of economic and financial instability and dynamic business upheavals and uncertainty. As a contribution to resolve these issues new alternative methods of financing for business are imposing, one of them is factoring. Although most countries don't have adequate legal framework, factoring has emerged as the dominant form of financing, whose current status and development points to the prospects of development in the future. In terms of measures and actions which are taken to combat these issues, as well as legislation, many efforts are made at international level in European Union and in Croatia. Overview and description of the factoring development, and indications for further development are presented in relation to the world, the European Union and the Republic of Croatia. This paper also describes factoring comparison among European countries.
Subjects: 
factoring
liquidity
delayed payments
Republic Croatia
European Union
receivables
JEL: 
G32
G33
G35
O52
Document Type: 
Article
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