Modele finansowania rozwoju a przepływy pieniężne (z uwzględnieniem spółek notowanych na rynku NewConnect)

Proper operation of the modern enterprise, included small and medium companies, is connected with their sustainable development which allows to achieve and maintain competitive advantage. This requires the active use of the opportunities which are created on financial market and reduce existing threats. The choice of source of financing companies is connected with changes in the structure and level of cash flows. The presented article describes the main models of financing development in conjunction with changes in the structure and level of cash flows