Financiamento de projectos empresariais: capitais próprios, leasing ou financiamento bancário?

Abstract

summary Companies or individuals need financial resources to carry out any activity, and for that, two alternatives appear, to carry out their activities based on equity capital or on debt capital. Faced with this situation, it is necessary to decide which of the sources to seek resources to finance this or that activity, on the other hand, these resources differ both in terms of the conditions for obtaining them and in terms of the impact they have on the company's financial structure. As the main objective of the company's managers is to maximize the wealth of the owners, and taking into account the competition and the value of money over time, the company needs a fast and efficient way to obtain financing. The search for better sources of capital to finance the company's activities has been the main concern of financial managers, taking into account costs and terms, tax conditions, contractual conditions and a better relationship between equity and debt. Another factor to be associated with the search for financing sources is the duration of the available means of financing, that is, the distinction between short-term capital and permanent capital. Normally, short-term activities are financed by equity capital and by suppliers, and permanent capital has been resorted to outside sources. However, it should be noted that the choice of a financing method is determined by the pre-existing financial structure, the nature of the assets to be financed and the cost of financing resources. Given the accelerated evolution of the economy at an international level, with increasingly growing trends in its regionalization and globalization, there is every need for companies to pay more attention to the choice of funding sources and to know how to take advantage of this, making their application profitable.