Valvanne, Heikki; Lassila, Jaakko
(1964)
Bank of Finland. Series D 4
Whether a firm is able to achieve a sound financial structure depends decisively on the structure and way in which the financial markets function.Thus one set of measures which ought to be included in overall plans for economic growth is that which covers the means by which the credit market can best be developed in order that capital is utilized for the most productive investments, and is available to firms in the forms best suited to their needs. These questions, from the viewpoint of the investor, have been considered in another article.Here the same problem will be approached from the entrepreneur's angle.The discussion will mainly relate to industrial enterprises, but the conclusions reached will generally be applicable to other enterprises. .