Organisations and the financial system
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Contents

  • Introduction
  • Learning outcomes
  • 1 An overview of financing Small and Medium Enterprises
    • 1.1 Key sources of finance for business organisations
    • 1.2 Internal sources of finance
      • Debt factoring
      • Invoice discounting
      • Working capital management
      • Retained earnings
    • 1.3 External sources of finance
      • Bank finance
  • 2 Alternative funding sources for Small and Medium Enterprises
    • 2.1 Crowdfunding
    • 2.2 Peer-to-peer lending
    • 2.3 Business angels
    • 2.4 Venture capital
    • 2.5 A comparative view of different sources of finance
  • 3 Company financing: stock and bond issuance
    • 3.1 The stock and bond markets
    • 3.2 Stock issuance
      • Issuing shares in practice
      • Initial public offerings
    • 3.3 Bond issuance
      • The mechanics of bonds
      • The secondary market for bonds
    • 3.4 A bird’s-eye view on public-sector financing
  • 4 Decision making in the process of business financing
    • 4.1 Financial resources and the main categories of expenditure
    • 4.2 External growth strategies: mergers and acquisitions
      • Financing mergers and acquisitions
    • 4.3 Paying back shareholders: dividend distribution and share repurchase
    • 4.4 Decision making in practice: a scenario-based adventure
  • 5 End-of-course quiz
  • Conclusion
  • References
  • Acknowledgements

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