{"id":58469,"date":"2022-04-25T16:35:07","date_gmt":"2022-04-25T14:35:07","guid":{"rendered":"https:\/\/blog.euncet.com\/?p=58469"},"modified":"2023-11-29T15:38:43","modified_gmt":"2023-11-29T14:38:43","slug":"que-es-el-palanquejament-financer","status":"publish","type":"post","link":"https:\/\/www.euncet.com\/blog\/ca\/que-es-el-palanquejament-financer\/","title":{"rendered":"Qu\u00e8 \u00e9s el palanquejament financer?"},"content":{"rendered":"<p><span data-contrast=\"auto\">Despr\u00e9s de la crisi social i econ\u00f2mica per la COVID-19 les empreses han hagut d&#8217;utilitzar diferents mecanismes financers amb els quals preservar la integritat de la companyia. Ara b\u00e9, quin paper juga el palanquejament financer en tot aix\u00f2?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u00cdNDEX DE CONTINGUTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #222222;color:#222222\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #222222;color:#222222\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.euncet.com\/blog\/ca\/que-es-el-palanquejament-financer\/#Palanquejament_financer_definicio\" >Palanquejament financer: definici\u00f3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.euncet.com\/blog\/ca\/que-es-el-palanquejament-financer\/#Palanquejament_financer_com_es_la_seva_formula\" >Palanquejament financer: com \u00e9s la seva f\u00f3rmula\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.euncet.com\/blog\/ca\/que-es-el-palanquejament-financer\/#Palanquejament_financer_exemples_de_la_vida_real\" >Palanquejament financer: exemples de la vida real\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.euncet.com\/blog\/ca\/que-es-el-palanquejament-financer\/#Palanquejament_financer_Les_dues_cares_de_la_moneda\" >Palanquejament financer: Les dues cares de la moneda\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><span data-contrast=\"auto\"><strong>Et pot interessar:<\/strong> <\/span><a href=\"https:\/\/blog.euncet.com\/ca\/decaleg-bon-financer\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Dec\u00e0leg per a ser un bon financer<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">En el seg\u00fcent article t&#8217;expliquem<strong> com utilitzar palanquejament financer<\/strong> i avantatges i inconvenients d&#8217;utilitzar-ho.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" style=\"font-family: Lato, sans-serif; font-size: 15px;\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/08\/apalancamiento-financiero-definicion.png\" alt=\"Qu\u00e9 es el apalancamiento financiero, definici\u00f3n y f\u00f3rmula.\" width=\"750\" height=\"300\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Palanquejament_financer_definicio\"><\/span>Palanquejament financer: definici\u00f3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Entenem per palanquejament financer aquella operaci\u00f3 financera en la qual s&#8217;utilitza algun mecanisme, com pot ser el deute, per a augmentar el nostre capital que anir\u00e0 destinat a una inversi\u00f3.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><strong>Et pot interessar:<\/strong> <\/span><a href=\"https:\/\/blog.euncet.com\/ca\/apalancament-financer\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Que el palanquejament (financer) no et palanquegi<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Encara que etimol\u00f2gicament, el terme palanquejament ve de \u201cpalanca\u201d lluny queda d&#8217;aquestes connotacions relacionades amb aixecar, o moure una cosa ajudada per una palanca. En aquest cas, fa refer\u00e8ncia a la injecci\u00f3 que genera aportar capital propi i el pr\u00e9stec per a obtenir una rendibilitat a llarg termini.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A difer\u00e8ncia del cr\u00e8dit ordinari, amb el palanquejament financer <strong>l&#8217;objectiu principal \u00e9s amortitzar el deute i els interessos<\/strong> obtenint en tot moment rendibilitat en l&#8217;operaci\u00f3.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Aquest tipus d&#8217;operacions s\u00f3n molt comunes en aquelles empreses amb escassetat de fons propis que busquen una major exposici\u00f3 de la companyia al mercat amb un \u00fas del dip\u00f2sit m\u00ednim.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/08\/apalancamiento-financiero-como-es-su-formula.png\" alt=\"Apalancamiento Financiero: c\u00f3mo es su f\u00f3rmula para calcularlo.\" width=\"750\" height=\"300\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Palanquejament_financer_com_es_la_seva_formula\"><\/span><span class=\"TextRun SCXW209159100 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW209159100 BCX0\" data-ccp-parastyle=\"heading 2\">Palanquejament<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW209159100 BCX0\" data-ccp-parastyle=\"heading 2\">financer<\/span><span class=\"NormalTextRun SCXW209159100 BCX0\" data-ccp-parastyle=\"heading 2\">: <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW209159100 BCX0\" data-ccp-parastyle=\"heading 2\">com<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW209159100 BCX0\" data-ccp-parastyle=\"heading 2\">\u00e9s<\/span><span class=\"NormalTextRun SCXW209159100 BCX0\" data-ccp-parastyle=\"heading 2\"> la <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW209159100 BCX0\" data-ccp-parastyle=\"heading 2\">seva<\/span><span class=\"NormalTextRun SCXW209159100 BCX0\" data-ccp-parastyle=\"heading 2\"> f\u00f3rmula<\/span><\/span><span class=\"EOP SCXW209159100 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">La f\u00f3rmula per a calcular el <strong>grau de palanquejament financer<\/strong> \u00e9s ben senzilla: consisteix a dividir 1 entre el valor de la inversi\u00f3 total sobre la quantitat de recursos propis invertits. Sol mesurar-se en unitats fraccionades de manera que la f\u00f3rmula pot ser la seg\u00fcent:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><img decoding=\"async\" class=\"wp-image-58471 aligncenter\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer1-05.png\" alt=\"\" width=\"739\" height=\"214\" srcset=\"https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer1-05.png 2918w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer1-05-300x87.png 300w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer1-05-1030x298.png 1030w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer1-05-80x23.png 80w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer1-05-768x222.png 768w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer1-05-1536x444.png 1536w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer1-05-2048x592.png 2048w\" sizes=\"(max-width: 739px) 100vw, 739px\" \/><\/h2>\n<p><strong>Et pot interessar: <\/strong><a href=\"https:\/\/blog.euncet.com\/ca\/control-de-gestio-creixement-negoci\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Control de gesti\u00f3: Com impulsar el creixement del meu negoci?<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Existeix una altra f\u00f3rmula quan el palanquejament financer \u00e9s resultat del deute. En aquest cas s&#8217;utilitzar\u00e0 la seg\u00fcent f\u00f3rmula per a<strong> calcular el r\u00e0tio de palanquejament financer:<\/strong><\/span><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-58477 aligncenter\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer2-06.png\" alt=\"\" width=\"743\" height=\"215\" srcset=\"https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer2-06.png 2918w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer2-06-300x87.png 300w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer2-06-1030x298.png 1030w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer2-06-80x23.png 80w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer2-06-768x222.png 768w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer2-06-1536x444.png 1536w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/02\/Palanquejament_Financer2-06-2048x592.png 2048w\" sizes=\"(max-width: 743px) 100vw, 743px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/08\/apalancamiento-financiero-ejemplos-de-la-vida-real.png\" alt=\"Apalancamiento financiero: ejemplos de la vida real\" width=\"750\" height=\"300\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Palanquejament_financer_exemples_de_la_vida_real\"><\/span><span class=\"TextRun SCXW250640269 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW250640269 BCX0\" data-ccp-parastyle=\"heading 2\">Palanquejament<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW250640269 BCX0\" data-ccp-parastyle=\"heading 2\">financer<\/span><span class=\"NormalTextRun SCXW250640269 BCX0\" data-ccp-parastyle=\"heading 2\">: <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW250640269 BCX0\" data-ccp-parastyle=\"heading 2\">exemples<\/span><span class=\"NormalTextRun SCXW250640269 BCX0\" data-ccp-parastyle=\"heading 2\"> de la vida real<\/span><\/span><span class=\"EOP SCXW250640269 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">El palanquejament financer \u00e9s una pr\u00e0ctica molt comuna en les empreses amb <strong>poc capital per a invertir, per\u00f2 que busquen una gran rendibilitat<\/strong>. Exemple d&#8217;aix\u00f2 seria el cas de voler comprar accions d&#8217;una empresa. Suposem que comptem amb un estalvi de 10.000 euros i que les accions que volem comprar tenen un cost d&#8217;1 euro per acci\u00f3. En total, tindr\u00edem 10.000 accions. Ara b\u00e9, passat un temps aquestes mateixes accions es revaloritzen fins a situar-se en els 1,5 euros per acci\u00f3, per la qual cosa si decidim vendre obtindrem 15.000 euros per aquestes 10.000 accions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Aix\u00ed doncs, veiem que despr\u00e9s d&#8217;aquesta operaci\u00f3 el nostre benefici seria de 5.000 euros amb una inversi\u00f3 de 10.000 euros.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/08\/apalancamiento-financiero-las-dos-caras-de-la-moneda.png\" alt=\"Apalancamiento financiero: Las dos caras de la moneda.\" width=\"750\" height=\"300\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Palanquejament_financer_Les_dues_cares_de_la_moneda\"><\/span><span class=\"TextRun SCXW174032026 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW174032026 BCX0\" data-ccp-parastyle=\"heading 2\">Palanquejament<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW174032026 BCX0\" data-ccp-parastyle=\"heading 2\">financer<\/span><span class=\"NormalTextRun SCXW174032026 BCX0\" data-ccp-parastyle=\"heading 2\">: Les <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW174032026 BCX0\" data-ccp-parastyle=\"heading 2\">dues<\/span><span class=\"NormalTextRun SCXW174032026 BCX0\" data-ccp-parastyle=\"heading 2\"> cares de la moneda<\/span><\/span><span class=\"EOP SCXW174032026 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Si b\u00e9 \u00e9s cert que el palanquejament financer \u00e9s un mecanisme pensat per a aconseguir una rendibilitat amb un capital del qual no es disposa \u00edntegrament, comporta uns certs riscos. A continuaci\u00f3 et vam mostrar els <strong>avantatges i desavantatges<\/strong> d&#8217;aquest instrument financer:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong>Et pot interessar: <\/strong><a href=\"https:\/\/blog.euncet.com\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Finances per a emprenedors i empreses emergents<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/08\/ventajas-del-apalancamiento-financiero.png\" alt=\"Ventajas del apalancamiento financiero.\" width=\"750\" height=\"300\" \/><\/p>\n<h3><span class=\"TextRun SCXW71899097 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW71899097 BCX0\" data-ccp-parastyle=\"heading 3\">AVANTATGES DEL PALANQUEJAMENT FINANCER<\/span><\/span><span class=\"EOP SCXW71899097 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:280,&quot;335559739&quot;:80}\">\u00a0<\/span><\/h3>\n<ul>\n<li><span data-contrast=\"auto\">Permet augmentar rendibilitat de la inversi\u00f3 en poder invertir una major quantitat de diners.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Facilita poder participar de les inversions malgrat no disposar del capital propi suficient gr\u00e0cies a l&#8217;endeutament.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">El benefici \u00e9s molt major que la inversi\u00f3 inicial.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Aquesta pr\u00e0ctica no est\u00e0 limitada a una mena d&#8217;inversi\u00f3, per la qual cosa pot aplicar-se a qualsevol camp. Tamb\u00e9 permet invertir en diferents instruments financers alhora.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Permet una major exposici\u00f3 de l&#8217;empresa al mercat amb un dip\u00f2sit relativament petit.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/08\/desventajas-del-apalancamiento-financiero.png\" alt=\"Desventajas del apalancamiento financiero\" width=\"750\" height=\"300\" \/><\/p>\n<h3><span class=\"TextRun SCXW69695294 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW69695294 BCX0\" data-ccp-parastyle=\"heading 3\">DESAVANTATGES DEL PALANQUEJAMENT FINANCER<\/span><\/span><span class=\"EOP SCXW69695294 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:280,&quot;335559739&quot;:80}\">\u00a0<\/span><\/h3>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Calibri\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Genera interessos m\u00e9s alts que han de pagar-se, independentment del resultat de l&#8217;operaci\u00f3.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Calibri\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">\u00c9s una de les operacions financeres amb major risc, que pot portar fins i tot a la insolv\u00e8ncia.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Calibri\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Pot multiplicar el risc de no obtenir beneficis. Perqu\u00e8 sigui rendible cal comptar amb amortitzar el deute i els interessos que aquesta genera. I \u00e9s que a major nivell de palanquejament, major \u00e9s el nivell de risc.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Calibri\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Existeix la possibilitat d&#8217;inc\u00f3rrer en p\u00e8rdues.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Calibri\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Les etapes de deflaci\u00f3, afecten negativament el palanquejament financer.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.euncet.com\/ca\/executive-education\/mba-barcelona\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-61178 size-full\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2023\/07\/GEMBA-IMG.jpg\" alt=\"\" width=\"757\" height=\"242\" srcset=\"https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/07\/GEMBA-IMG.jpg 757w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/07\/GEMBA-IMG-300x96.jpg 300w, https:\/\/www.euncet.com\/blog\/wp-content\/uploads\/2023\/07\/GEMBA-IMG-80x26.jpg 80w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><\/a><\/p>\n<p><span data-contrast=\"auto\">Ara que ja coneixes una mica m\u00e9s aquest concepte financer, no et pots perdre el<\/span> <a href=\"https:\/\/www.euncet.com\/ca\/executive-education\/mba-barcelona\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Global Executive MBA<\/span><\/a><span data-contrast=\"auto\"> de l&#8217;Euncet Business School.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:0,&quot;335559731&quot;:0}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despr\u00e9s de la crisi social i econ\u00f2mica per la COVID-19 les empreses han hagut d&#8217;utilitzar diferents mecanismes financers amb els quals preservar la integritat de la companyia. Ara b\u00e9, quin paper juga el palanquejament financer en tot aix\u00f2?\u00a0\u00a0 Et pot interessar: Dec\u00e0leg per a ser un bon financer\u00a0\u00a0 En el seg\u00fcent article t&#8217;expliquem com utilitzar [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":53119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[451],"tags":[],"class_list":["post-58469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finances-i-comptabilitat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Qu\u00e8 \u00e9s el palanquejament financer? - Euncet Business School<\/title>\n<meta name=\"description\" content=\"Apr\u00e8n qu\u00e8 \u00e9s el palanquejament financer, quina \u00e9s la seva f\u00f3rmula, quins beneficis presenta i molt m\u00e9s! 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