How Framing can Influence on the Propensity of Small Businesses to Apply Financial Instruments. Case of Poland

2011 ◽  
Author(s):  
Przemyslaw Kulawczuk ◽  
Andrzej Poszewiecki
Keyword(s):  
Small Businesses ◽  
Financial Instruments

scholarly journals FINANCIAL INSTRUMENTS OF SUPPORT OF SMALL BUSINESS INFRASTRUCTURE SUBJECTS IN THE REGION

2018 ◽  
pp. 62-72
Author(s):  
R. B. Danyleichuk
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
High Efficiency ◽  
Local Level ◽  
Regional Level ◽  
Entrepreneurial Activity ◽  
Financial Resources ◽  
Financial Instruments ◽  
Theoretical Substantiation ◽  
Wide Range

The purpose of the article is to identify and provide theoretical substantiation ofthe necessary and appropriate steps to ensure the proper organization of support for smallbusiness infrastructure subjects in the region with the involvement of a wide range of modernfinancial instruments.The article states that the development of small business infrastructure subjects in theregion depends to a large extent on the effectiveness of the financial process organization. In thecontext of the economic crisis and post-crisis development, key areas of regional financial policyto support the financial sustainability of small business infrastructure entities should be theaccumulation of financial resources for their further targeting the expansion of the network ofsmall business infrastructure subjects in depressed (backward) territories; optimization ofsources of accumulation of financial resources through increased participation in grant and donorprograms, maximum attraction of private investments; orientation towards the gradualintroduction of new forms and methods for managing financial activities at the regional level,including through the application of program-targeted financing in the budget process;orientation to the accomplished tasks in order to maintain the high efficiency of the regionalfinancial policy.As a result of the analysis, it was found that regional funds for entrepreneurship support arethe most common tool for providing financial assistance to small businesses at the local level. Ina context of significant reduction of lending to commercial banks, regional business supportfunds in most regions continued the implementation of credit programs for small and mediumenterprises. An important direction for increasing the lending of small business infrastructureentities is the creation of a system of guarantees for bank loans.It was established that in order to fulfill the tasks related to the financial support of theactivities of small business infrastructure subjects, it is necessary to take effective measuresaimed at supporting the infrastructure of the financial market itself (financial intermediationentities), as well as expanding the range of relevant services that may be offered to the subjectsof small business infrastructure. It is determined that one of the tasks of regional financial policyis to support an attractive investment climate, which would help to attract appropriate investmentresources for the organization and implementation of productive entrepreneurial activity. It isproposed to create special (free) economic zones at the regional level in an area as an effectivetool for optimizing financial policy in the region. One of the tasks of creating such zones may beto stimulate the development of small business infrastructure subjects.The necessity of further theoretical substantiation and formation of recommendationsconcerning the ways, conditions and resources necessary to support small business infrastructuresubjects in the region with the use of modern financial instruments is indicated.

scholarly journals Assessment of the use of two state financial instruments for the development of small, medium and large business at different stages of the life cycle of territories: subregional section

2020 ◽  
Vol 12 (3) ◽  
Author(s):  
Tatyana Altufyeva ◽  
Aliya Farkhutdinova
Keyword(s):  
Life Cycle ◽  
Small Business ◽  
Small Businesses ◽  
Specific Volume ◽  
Financial Resources ◽  
Financial Instruments ◽  
Investment Projects ◽  
State Management ◽  
Republic Of Bashkortostan ◽  
The Republic

The allocation of financial resources by the state to support small business and co-financing of investment projects of large and medium-sized businesses are significant financial instruments of state management of the socio-economic development of all Russian territories, without exception, especially in difficult modern epidemiological conditions. At the same time, it would be advisable to synchronize the quantitative and qualitative certainty of the implementation of these tools in time with the viability of the territories, determined by the current stage of their life cycle. The purpose of this article is to study the current presence in the Republic of Bashkortostan of direct or indirect accounting of the stage membership of municipalities in determining the amount allocated to it for the development of business of various dimensional forms of financial resources based on a systematic analysis of statistical data using typological grouping tools and rank correlation analysis. To achieve this goal, the authors analyzed the size of subsidies to support small business in the municipalities of the Republic of Belarus and the volume of state co-financing at the subregional level of objects from the lists of priority investment projects of the republic. The study of these indicators in relation to 8 urban districts (Ufa, Sterlitamak, Salavat, Oktyabrskiy, Neftekamsk, Sibay, Kumertau, Agidel) and 54 municipal districts of the Republic of Belarus made it possible to construct their typological groups according to the stages of the life cycle, the specific volume of subsidies to small businesses and the specific volume of co-financing of investment projects of large and medium-sized businesses. An assessment was made of the correlation between the stadia of municipalities and, firstly, the amount of subsidies allocated to it from the budget of the republic to support the activities of municipal programs for the development of small businesses and, secondly, the amount of co-financing of investment projects of large and medium-sized businesses. The absence of statistically significant interconnections between the volumes of financial resources currently allocated from the budget of the Republic of Bashkortostan for the development and support of small, medium and large businesses in municipalities and their life cycle stages was revealed, with the exception of a very weak negative relationship between the stage membership of municipal districts and the specific volume subsidies to support the activities of their programs for the development of small businesses (Spearman's coefficient = -0.270). The results of the study allow us to conclude that it is necessary to take into Belarus, as well as in other constituent entities of the Russian Federation, the stage-by-stage identification of territories when determining the amount allocated to municipalities from regional budgets of financial resources for business development of various dimensional forms.

Small Industry, Gimmicks and Moscow Statistics, or How the Small Russian Enterprise Came into the World (Russian Physiological Sketch, 1830-1840)

2009 ◽  
pp. 123-129
Author(s):  
Yu. Golubitsky
Keyword(s):  
Small Businesses ◽  
Statistical Data ◽  
Russian Enterprise ◽  
Small Enterprises ◽  
Business Practices ◽  
Way Of Life ◽  
The World ◽  
Small Industry ◽  
Xix Century

The article considers business practices of Moscow small industry in the XIX century, basing upon physiological sketches of N. Polevoy and I. Kokorev, statistical data and the classification of professions are also presented. The author claims that the heroes of the analyzed sketches are the forefathers of Moscow small businesses and shows what a deep similarity their occupations and a way of life bear to the present-day routine existence of small enterprises.

Business Model Literature Overview

2014 ◽  
pp. 79-130 ◽  
Author(s):  
Ales Novak
Keyword(s):  
Business Model ◽  
Financial Reporting ◽  
Business Models ◽  
Potential Role ◽  
Financial Instruments ◽  
Business Logic ◽  
Literature Overview ◽  
Ifrs 9 ◽  
Definition Of

The term ?business model' has recently attracted increased attention in the context of financial reporting and was formally introduced into the IFRS literature when IFRS 9 Financial Instruments was published in November 2009. However, IFRS 9 did not fully define the term ‘business model'. Furthermore, the literature on business models is quite diverse. It has been conducted in largely isolated fashion; therefore, no generally accepted definition of ?business model' has emerged. Therefore, a better understanding of the notion itself should be developed before further investigating its potential role within financial reporting. The aim of this paper is to highlight some of the perceived key themes and to identify other bases for grouping/organizing the literature based on business models. The contributions this paper makes to the literature are twofold: first, it complements previous review papers on business models; second, it contains a clear position on the distinction between the notions of the business model and strategy, which many authors identify as a key element in better explaining and communicating the notion of the business model. In this author's opinion, the term ‘strategy' is a dynamic and forward-looking notion, a sort of directional roadmap for future courses of action, whereas, ‘business model' is a more static notion, reflecting the conceptualisation of the company's underlying core business logic. The conclusion contains the author's thoughts on the role of the business model in financial reporting.

The effect of credit guarantee on creating employment and keeping employees of small businesses

2014 ◽  
Vol 34 (1) ◽  
pp. 29-58
Author(s):  
Sung-ho Kang ◽  
Chang-Kyun Chae ◽  
오승현 ◽  
문외솔 ◽  
Chong Ook Rhee ◽  
...  
Keyword(s):  
Small Businesses ◽  
Credit Guarantee

Matching Innovation Strategy to the Lifecycle of the Firm

2018 ◽  
Vol 18 (3) ◽  
pp. 42-49
Keyword(s):  
Small Businesses ◽  
Exploratory Study ◽  
Innovation Strategy ◽  
Future Directions ◽  
Innovation Strategies

This exploratory study looks at the innovation strategies employed during specific stages of the firm lifecycle for small businesses. The study locates and uncovers seven themes surrounding the intersection of innovation strategies and the different stages of the firm. In so doing, future directions to answer the questions uncovered by this exploratory study are suggested.

Menumbuhkan Jiwa, Perilaku dan Nilai Kewirausahaan Dalam Meningkatkan Kemandirian Bisnis

MBIA ◽  
2019 ◽  
Vol 17 (2) ◽  
pp. 23-32
Author(s):  
Deddy Hendarwan
Keyword(s):  
Small Businesses ◽  
Positive Influence ◽  
External Factors ◽  
Entrepreneurial Behavior ◽  
Environmental Pressures ◽  
Entrepreneurial Spirit ◽  
Internal And External Factors ◽  
And Behavior ◽  
Ownership Rights ◽  
Attitudes And Behavior

Attitudes and behaviors are the unity of a person's character which is formed by habit everyday. Entrepreneurial behavior is influenced by internal and external factors. These factors are ownership rights (property right, PR), abilities / competencies (competency / ability,), and incentives while external factors include the environment thus Attitudes and behavior can be changed by oneself and / or there are environmental pressures / influences. there is an influence from within themselves and from outside the environment to associate then grow indi attitudes and specific behaviors. It is necessary to anticipate small businesses’ difficulties by conducting an empirical study  on  the  entrepreneurial  spirit,  entrepreneurial  values,  and  assessment  of entrepreneurial behavior that may affect the realization of independence efforts. This study  aims to  analyze the  influence of  entrepreneurial spirit  and entrepreneurial values on entrepreneurial behavior to create business independence. The findings show that the entrepreneurial spirit has a direct positive influence on entrepreneurial behavior and positive indirect effect on the business independence.

First Steps towards Self-Employment – Microcredit for Enterprise in Scotland

2014 ◽  
Vol 23 (2) ◽  
pp. 169-191 ◽  
Author(s):  
Neil McHugh ◽  
Morag Gillespie ◽  
Jana Loew ◽  
Cam Donaldson
Keyword(s):  
Economic Policy ◽  
Small Businesses ◽  
Enterprise Development ◽  
Grameen Bank ◽  
Economic Strategy ◽  
Self Employment ◽  
Start Up ◽  
The Uk ◽  
Poor Communities

While lending for small businesses and business start-up is a long-standing feature of economic policy in the UK and Scotland, little is known about the support available for those taking the first steps into self-employment, particularly people from poorer communities. This paper presents the results of a project that aimed to address this gap. It mapped provision of support for enterprise, including microcredit (small loans for enterprise of £5,000 or less) and grants available to people in deprived communities. It found more programmes offering grants than loans. Grants programmes, although more likely to be time limited and often linked to European funding, were generally better targeted to poor communities than loan programmes that were more financially sustainable. The introduction of the Grameen Bank to Scotland will increase access to microcredit, but this paper argues that there is a place – and a need – for both loans and grants to support enterprise development across Scotland. A Scottish economic strategy should take account of all levels of enterprise development and, in striving towards a fairer Scotland, should ensure that the poorest people and communities are not excluded from self-employment because of the lack of small amounts of support necessary to take the first steps.

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