In a highly competitive global economy, improved access to financing by innovative small and medium-sized enterprises has become essential for enhancing competitiveness and meeting the objectives of the Lisbon Partnership for Growth and Jobs. Although venture capital is a small part of the...

For estimation the value of the firm, there can be used three approaches: the approach based on assets, the approach based on incomes and the approach based on comparison. Each type of approach include more methods and techniques of evaluation and, in practice can be used all three approaches in...

From a juridical point of view, an entity is considered in difficulty in the situation of payments’ ceasing that occurs when it can not face its due debts with the available funds. In the case of a financial depreciation, the short term liabilities are superior to the assets. The negative net...