July 2011
Intermediate to advanced
288 pages
5h 58m
French
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4. Faut-il autofinancer ou emprunter ?
4.1. Le piège de l’autofinancement
L’autofinancement en montant (non-recours au crédit ou financement partiel) ou en durée (amortissement du crédit plus rapide que le bien financé) est une erreur fréquente de beaucoup de chefs d’entreprises, qui par souci de bonne gestion pensent qu’il ne faut pas être endetté. Cela revient au contraire à fragiliser l’entreprise en réduisant son fonds de roulement et sa marge de manœuvre de trésorerie.
4.2. L’endettement moyen terme créateur de valeur pour l’actionnaire
Le recours au crédit moyen terme permet d’augmenter mécaniquement le taux de rendement interne (TRI) ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.