Rozhodování o výběru externího nástroje financování pomocí dynamického modelu

Abstract

This article deals with the area of financial management. The main goal is to develop a methodology as a set of guidelines and procedures to increase the efficiency of the decision-making process when selecting the external financing instruments. For this purpose, summarized and comprehensive knowledge of the types of external financing, which are inserted into the dynamic model to simulate the changing conditions. Subsequently verified by empirical data, or clarified their validity. The created model facilitates the modelling of changes in time because it is crucial to know what future consequences lies in decisions made the temporary turbulent world. Each variant features possible negative and positive changes of varying extent. The possibility to simulate these changes can illustrate an optimal variant to a financial manager. This decision-making regarding the selection of a external funding instrument is no longer a random process. On the contrary, it is supported by rational considerations.