تعتبر مهمة توفير الأموال اللازمة لل

تعتبر مهمة توفير الأموال اللازمة للشركة من المهام الصعبة، خاصة في ظل ندرة هذه الأموال، وتفاوت درجة تكلفتها وكذلك تفاوت درجة المخاطرة المصحوبة بكل مصدر مـن مـصادر التمويـل، وتزداد هذه المهمة صعوبة أمام إدارة المنشآت في الدول الأقل تقدماً، وأكثر اضطراباً كفلسطين . ان هيكل راس المال مصطلح يطلق على الطريقة التي تمول الشركة بها اصولها من خلال مزيج من المديونية والملكية ويتم وصف هيكل راس المال بحساب نسبة كل من حقوق الملكية والمديونية الى راس المال .ومن القرارات المتعلقة بمهمة توفير الأموال تحديد مصدر التمويل وتحديد نسبة التمويل من كـل مصدر، حيث تنقسم مصادر التمويل إلى مصدرين رئيسين الأول: التمويل بحقـوق الملكيـة كالاسهم والثـاني التمويل بالقروض وينتج عن التمويل بالقروض ما يسمى بالرافعة المالية , حيث تعرف الرافعـة المالية بأنهـا مجمـوع الالتزامات على إجمالي الأصول وبالرغم من وجـود مزايـا لاسـتخدام الرافعة المالية، لما تحققه من وفر ضريبي، حيث إن تكلفة الفوائد تخصم من وعاء الأربـاح الخاضـع للضريبة، وكذلك إذا كانت تكلفة هذه الديون أقل من تكلفة حقوق الملكية مما يجعلهـا مـصدرا مفـضلا للتمويل عن غيره من المصادر الأخرى. إلا أن زيادة الاعتماد على الأموال المقترضة دون أن تكـون هناك كفاءة في استخدامها يعرض الشركة إلى عواقب وخيمة خاصة ان قرار التمويل يؤثر على المخاطرة و معدل العائد على الاستثمار و بتالي يؤثر على اداء الشركات سواء تاثير سلبي او ايجابي

النتائج (الإنجليزية) 1:

Are important to provide funds for the company of challenging tasks, especially in light of the scarcity of funds and the varying degree of cost as well as the varying degree of risk with each of the issued finance, this task to manage enterprises in least developed countries, and more troublesome as Palestine. The capital structure of the term given to the way in which the company's assets are financed through a combination of debt and ownership and capital structure is described to calculate the proportion of equity and debt capital from decisions concerning important provide funds identify funding source and determine the proportion of funding from each source, so funding sources are divided into two main sources: the first funding and rights of debentures and loan financing I The result is the so-called loans financing leveraged, where financial lever that total liabilities to total assets although there advantages to using leverage, the tax saving, since the cost of benefits deducted from dividends under the pot of tax, as well as if the cost of such debt is less than the cost of making property rights a sadra high strayed into funding other sources. However, increasing reliance on borrowed money without that there is efficiency in use displays the company to serious consequences especially as financing decision affect the risk and rate of return on investment and the following affects performance, whether positive or negative impact

النتائج (الإنجليزية) 2:

It is the task of providing the necessary funds for the company from difficult tasks, especially in light of the scarcity of these funds, and the varying degree of cost as well as the varying degree of risk, accompanied by all the source of funding, and increase the difficulty of the task in front of facilities management in less developed countries, and more troublesome such as Palestine. That the capital structure of the term given to the way the company has financed its assets through a combination of debt and property and are described capital structure calculates the proportion of each of the equity and debt capital. It is decisions related to the task of providing the funds to identify the source of funding and determining the percentage of financing from each source , where funding sources are divided into exporters presidents first: Finance property rights such as stocks and the second loan financing and result in loan financing so-called leveraged, where it is known Leverage as the sum of the commitments on the total assets, although there are advantages to the use of leverage, of its own provided tax, as the cost of benefits shall be deducted from the pot taxable profits, as well as whether the cost of this debt is less than the cost of property rights, making it the preferred source for funding from other from other sources. However, the increased reliance on borrowed money without that there will be efficient in their use presents to a private company and the serious consequences that the funding decision affects the risk and rate of return on investment by following and affect the performance of companies, whether positive or negative effect

النتائج (الإنجليزية) 3:

Is the task of saving money for the company of difficult tasks, given the scarcity of funds, and variable degrees of cost as well as the varying degree risk with each source of Msadr funding, the task becomes even more difficult for the administration of enterprisesLess developed nations, and disturbance such as Palestine.The structure of capital, a term used for the way in which financed the company with its origins through a combination of debt and capital structure are described, calculated the ratio of equity and debt capital.And decisions relating to the task of providing funds to identify the source of financing and financing proportion of funding sources, where each source is divided to first main sources:Mortgage of property rights Kalashm Walthany debt financing debt financing results in a so-called financial leverage.As you know Alraft finance to total liabilities to total assets, despite the presence of Mzaya Lastkhdam financial leverage, provided their taxation, where the cost of benefits. Against the receptacle grounds Alkhad taxable, as well as ifThe cost of this debt for less than the cost of equity, which made her Msdra Mfdla funding from other sources.However, greater reliance on borrowed money to be efficiently used to introduce the company to serious consequences, especially as the funding decision affects the risk and rate. The return on investment and Btaly affects firm performance effectA favorable or