SWOBODA DZIAŁALNOŚCI GOSPODARCZEJ A SYSTEM ZASILANIA KAPITAŁOWEGO PRZEDSIĘBIORSTW
Loading...
Date
2005
Authors
Advisor
Editor
Journal Title
Journal ISSN
Volume Title
Publisher
Wydział Prawa i Administracji UAM
Title alternative
FREEDOM OF ECONOMIC ACTIVITY AND THE SYSTEM OF CAPITAL SUPPLY FOR ENTERPRISES
Abstract
The external environment of an enterprise, shaped by the state, should support and facilitate
the realisation of constitutional principles, including the freedom of economic activity. One of the
necessary conditions for the realisation of this principle is the availability of capital resources for
businesses at every stage of their development. The paper identifies the gaps existing in the system
of capital supply for enterprises which limit the availability of equity capital or bank loans, or
hinder the access to the market of public funding. Their impeding role as barriers for the functioning
of an enterprise differs at each individual stage of the development of an enterprise. The effects
of the identified gaps have been presented, including an increase in the economic activity risk resulting
from the substituting of equity capital by lease, and the phenomenon of fixed capital redistribution
by trade credit. Attempts to diagnose the causes of the occurrence of gaps in the capital
supply system have been made to show that one of the important factors that weaken the principle
of freedom of economic activity are the very attitudes of the entrepreneurs themselves.
Description
Sponsor
Keywords
Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 67, 2005, z. 3, s. 175-190