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The role of factoring for financing small and medium enterprises... Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME....
général - core.ac.uk - PDF: www-wds.worldbank.org
The role of factoring for financing small and medium enterprises... Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims, because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME....

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politique et structures industrielles - iate.europa.eu
finances - iate.europa.eu
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