Published : 2011-11-30

Factoring as a Factor of Entrepreneurship Development

Marek Czyż



Abstract

Factoring is a financial services, which - as shown in paper is an important tool in entrepreneurship development, mainly by eliminating payments default and increasing financial liquidity. Thanks to its features, a company using factoring services may gain competitive advantage, that can be achieved through improving receivables rotation, and decreasing need for external funds. Factoring services market in Poland is growing dynamically. The number of clients as well as the value of purchased receivables are increasing. The article aims to analyze factoring as a mean of companies' development and factoring market in Poland. In conclusion it is proven that factoring is growing rapidly. (original abstract)

Keywords:

Factoring, Entrepreneurship development, Financial services, External financing



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Czyż, M. (2011). Factoring as a Factor of Entrepreneurship Development. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 38(38). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1357

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Uniwersytet WSB Merito w Poznaniu
ul. Powstańców Wielkopolskich 5
61-895 Poznań
e-mail: journals@poznan.merito.pl
University
Uniwersytet WSB Merito w Poznaniu / WSB Merito University
ul. Powstańców Wielkopolskich 5
61-895 Poznań

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