Financing a small firm can be achieved in three ways. The most preferable but at the same time the least likely is self financing from retained earnings, otherwise, the firm will have to resort to either one of the two following financial markets. Debt capital and equity capital ( which strictly speaking is the same as retained earnings, both having their advantages and disadvantages. Only after 1979 did clearing banks start making loans with a maturity term …
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showed last 75 words of 2316 total
…M. Miller, Cabridge University Press, 1993 Currencies and Crises. Paul R. Krugman, Mitchigan Press, 1995 Rules of the Game: International Money and Exchange Rates. R McKinnon, Mitchigan Press, 1997 Exchange Rate Economics. Peter Isard, Cambridge University Press, 1998 Financial Markets. Robert W. Kolb and Ricardo J. Rodriguez, Blackwell Publishers, 1996 Financial Markets and Institutions, second edition. P.G.A. Howells and K. Bain, Addison Wesley Longman Ltd, 1994 Financial Markets: An Introduction. Rob Dixon and Phil Holmes, International Thomson Business Press, 1992