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Schuldscheindarlehen ALS Mittel Der Unternehmungsfinanzierung

Schuldscheindarlehen ALS Mittel Der Unternehmungsfinanzierung

          
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About the Book

Die Finanzierung der Unternehmungen hat sich seit den zwanziger Jahren von den klassischen Finanzierungsformen hinweg zu neuen Formen ver- lagert. Beweis für diese Wandlung ist der hohe Anteil, den die sogenannte Innenfinanzierung (das ist die Finanzierung aus Abschreibungs-, Rück- stellungs-und Gewinngegenwerten) an der Gesamtaufbringung der Finan- zierungsmittel industrieller Unternehmungen erreichen und behaupten konnte. Dieser Anteil ist auch nach dem Wiedererstarken des organisierten Kapitalmarktes nicht nennenswert zurückgegangen und macht noch immer mehr als zwei Drittel des Bedarfs an langfristigen Finanzierungsmitteln der Unternehmungen aus. Die Ursachen dieser Strukturwandlungen sind sowohl auf der Seite des Angebots an Geldkapital als auch bei den kapitalnachfra- genden Unternehmungen zu suchen. Von der Angebotsseite her ist es in erster Linie die Veränderung der Sparformen, insbesondere die verminderte Bereitschaft der privaten Haushalte, ihre Ersparnisse in Wertpapieren anzu- legen, welche die Unternehmungen zu einer Änderung ihrer Finanzierungs- weise veranlaßt hat. Zu dieser veränderten Struktur des Kapitalangebots kommen diejenigen Faktoren, die auf seiten der Unternehmungen wirksam sind und die letztlich auf dem Streben des Unternehmers beruhen, seiner Unternehmung die nach seiner Meinung optimale finanzielle Struktur zu minimalen Kosten zu geben. Dieser Wandlungsprozeß in der Angebots-und Nachfragestruktur des Kapi- talmarktes kommt auch in der Bedeutung zum Ausdruck, die das Schuld- scheindarlehen seit der Mitte der dreißiger Jahre erlangt hat. Der Verfasser der vorliegenden Arbeit unternimmt es, die das Angebot und die Nachfrage bestimmenden Faktoren für dieses Finanzierungsinstrument und die Unterschiede gegenüber dem klassischen Instrument zu untersuchen der Industrieobligation herauszuarbeiten.


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Product Details
  • ISBN-13: 9783663009962
  • Publisher: Gabler Verlag
  • Binding: Paperback
  • Height: 244 mm
  • No of Pages: 208
  • Series Title: Schriftenreihe Des Instituts Für Kreditwesen Der Westfälisch
  • Weight: 349 gr
  • ISBN-10: 3663009963
  • Publisher Date: 01 Jan 1965
  • Edition: Softcover Reprint of the Origi ed.
  • Language: German
  • Returnable: N
  • Spine Width: 11 mm
  • Width: 170 mm


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