Short-term bonds and particularly corporate bonds constitute an important alternative financing source as compared to traditional financing forms. This thesis is confirmed by a dynamic development of the bond market in recent years. Financing of the enterprises by means of bonds enables a flexible adjustmnt of cash-flow to actual needs of the company. On the other hand, complex procedure of bonds' issuing is considered to be a considerable obstacle.
K. Ciejpa-Znamirowski, Katolicki Uniwersytet Lubelski, Instutut Zarzadzania i Marketingu, al. Raclawickie 14, 20-950 Lublin, Poland
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