Overview of the use of traditional and new financial resources for SMEs and access to finance in Slovakia and European Union

2014 ◽  
pp. 135-146
Keyword(s):  
European Union ◽  
Financial Resources ◽  
Access To Finance

scholarly journals Access to finance for small and medium-sized enterprises in North Kosovo

2015 ◽  
pp. 557-569
Author(s):  
Isidora Ljumovic ◽  
Krsto Jaksic
Keyword(s):  
Bank Loans ◽  
Financial Resources ◽  
Access To Finance

The purpose of this paper is to identify the problems small and medium-sized enterprises (SMEs) are facing in Serbian municipalities in North Kosovo. The experience and previous researches show that SMEs, especially those in crisis areas, have a greater demand than supply for financial resources. We have created a questionnaire in order to get relevant data from SMEs in North Kosovo and to assess the shortcomings of the system of financing. Results show that access to finance in North Kosovo is extremely limited. Entrepreneurs and SMEs are usually financed with own resources and with a help from friends or family, while the bank loans are not frequent and are very expensive.

scholarly journals TAX SYSTEM IN THE FUNCTION OF ENVIRONMENTAL PROTECTION

2019 ◽  
Vol 30 (6) ◽  
pp. 1575-1579
Author(s):  
Biljana Radovanović ◽  
Gordana Stojmenović
Keyword(s):  
Climate Change ◽  
Air Pollution ◽  
European Union ◽  
Environmental Protection ◽  
Financial Resources ◽  
The European Union ◽  
Tax System ◽  
Fiscal Conditions ◽  
The Republic

In the upcoming period, the Republic of Serbia should provide financial resources in the amount of about EUR 10 billion for the field of environmental protection in order to harmonize standards with EU standards in the same area and in that way bring it closer to joining the European peoples' community. Analyzing existing sources and levels of environmental financing, there are major problems that the Republic of Serbia has to overcome in order to join the European Union. It is necessary to adopt strategies in the field of climate change, air pollution and waters of the Republic of Serbia, and that the Ministry of Environmental Protection should be given greater authority. One of the most common and most sophisticated sources of financing environmental protection is found in fiscal conditions, primarily in ecological taxes, fees and taxes collected within the tax system of the Republic of Serbia.

scholarly journals Evaluation Methods of the Impact of Structural and Cohesion Funds on Economic and Social Development at Regional and National Level

2018 ◽  
Vol 24 (2) ◽  
pp. 23-30
Author(s):  
Cristina Bătușaru ◽  
Amelia Bucur
Keyword(s):  
Decision Making ◽  
European Union ◽  
Economic Policy ◽  
Social Development ◽  
National Economy ◽  
National Level ◽  
Financial Resources ◽  
The European Union ◽  
Policy Makers ◽  
The Impact

Abstract Analysis of the role and implications of the funds coming from the European Union have on the national economy is very complex and complicated at the same time, because of the multitude of issues and indicators that this process shapes and drives, depending on the source of funding, the modality of funding and on the destination for which it has been allocated. Using mathematical models to assess the impact of European funding on the national economy is paramount valuable as it brings important information that can be used by policy makers in decision making sewage inputs and financial resources, in view of adopting optimal economic policy

The African, Caribbean, and Pacific (ACP) Group of States: From the Lomé Convention to the Cotonou Agreement and Beyond

2020 ◽  
Author(s):  
Maurizio Carbone
Keyword(s):  
European Union ◽  
Joint Action ◽  
Financial Resources ◽  
Financial Sustainability ◽  
The European Union ◽  
Heterogeneous Cluster ◽  
Member States ◽  
Intergovernmental Organization ◽  
African Caribbean ◽  
The Eu

The African, Caribbean, and Pacific (ACP) Group of States is an intergovernmental organization established by the Georgetown Agreement in June 1975, and it consists of 79 countries across three continents. This heterogeneous cluster of countries, originally bound by their colonial ties with the member states of the European Union (EU), came together out of the need to form a common front in the negotiations of the first ACP–EU partnership. The spirit of the Lomé Convention (1975–2000), initially considered a very progressive model of North–South cooperation, gradually evaporated; thus, the Cotonou Agreement (2000–2020), with its profound changes in the areas of aid and trade, was an attempt to normalize relations between the two blocs. The overall patchy record of the various ACP–EU partnership agreements and a number of events—notably, decreased interest within the EU, intensification of regionalization dynamics in the ACP Group, and adoption of separate strategies for cooperation with African, Caribbean, and Pacific countries and regions—cast doubts upon the relevance of the ACP–EU framework and threatened the existence of the ACP Group. Unsurprisingly, the launch of the negotiations in September 2018 for a new ACP–EU partnership was not without difficulty. While there are no doubts that the ACP Group has intrinsically been linked to the EU, at the same time it should be noted that it has attempted to promote intra-ACP cooperation, although with mixed successes at best, and to strengthen its presence in the international arena and diversify its partnerships, also in this case with limited results. Indeed, despite various pledges to support the principles of unity and solidarity, the effectiveness of the ACP Group has been compromised by the interplay of a plurality of interests, limited financial resources, and a perceived delinkage of the Brussels-based institutions from ACP national capitals. The revision of the Georgetown Agreement in December 2019, including the transformation into the Organisation of the African, Caribbean and Pacific States (OACPS), is an attempt to reinvigorate the ACP Group, with stronger emphasis on financial sustainability, joint action for the pursuit of multilateralism, and, importantly, increased autonomy from the EU.

scholarly journals An empirical review of public policies on the sector of SMEs in the European Union

Management ◽  
2020 ◽  
Vol 24 (1) ◽  
pp. 1-22
Author(s):  
Adriana Grigorescu ◽  
Amalia-Elena Ion
Keyword(s):  
European Union ◽  
Public Policies ◽  
Financial Resources ◽  
The European Union ◽  
European Policy ◽  
The World ◽  
The Subject ◽  
Business Approach ◽  
Legal Frameworks ◽  
The Eu

SummaryThe paper aims to provide with a close picture of the SME public policies in one of the most prominent capitalist economies of the world, that of the European Union. In order to do this, a qualitative analysis has been undergone, on the basis of the following indicators: access to financial resources for SMEs, regulatory and legal frameworks for SMEs, and public assistance on information and knowledge about markets. Since there is no prior research on the subject, the implications of this paper have impact on the theory, practice and policy making. The results of the content analysis suggest that there is a contemporary structure to the European SBA, with a focus on a persistent business approach, based on the results of scientific research and market studies involving the problems raised by the now compact European SME industry. In the end, it must be acknowledged that the present research is only preliminary, and to better understand the mechanisms behind the European policy, further studies on the subject are necessary. Nevertheless, the paper has managed to point out that public policy in the SME industry represents one of the most important aspects of the EU-28 new economic direction.

Problems in the commercialisation of innovations in the member countries of the European Union

2018 ◽  
Vol 63 (9) ◽  
pp. 71-89
Author(s):  
Jerzy Baruk
Keyword(s):  
European Union ◽  
Financial Resources ◽  
The European Union ◽  
Goods And Services

The aim of the article is to compare the results of research on problems related to the commercialisation of innovations in enterprises operating in the European Union (EU) member countries. The analysis was based on the results of research conducted in February 2015 and 2016 by Kantar TNS Political & Social, which identified 10 major problems hindering the commercialisation of innovative goods and services, with their prevalence varying in frequency and scope. The research revealed the commonness of specific obstacles that were identified as the major problems in the commercialisation of innovations. These hindrances included, i.a., a lack of financial resources.

scholarly journals SME Steeplechase: When Obtaining Money Is Harder Than Innovating

2019 ◽  
Vol 7 (2) ◽  
pp. 25
Author(s):  
M. Belén Guercio ◽  
Lisana B. Martinez ◽  
Aurelio F. Bariviera
Keyword(s):  
Central Bank ◽  
European Commission ◽  
European Central Bank ◽  
Small And Medium Enterprises ◽  
Financial Resources ◽  
Financial Instruments ◽  
Access To Finance ◽  
External Finance ◽  
European Central ◽  
Medium Enterprises

In this paper, we analyze the main characteristics of European Small and Medium Enterprises (SMEs), related to the demand for and access to external financial resources. We use microdata from an extensive database, elaborated by the European Central Bank and the European Commission: the Survey on the Access to Finance of Enterprises. Firstly, we consider a set of variables as determinants to the decision to apply for different financial instruments. Secondly, we use the same set of variables to analyze the actual access to these instruments. For each regression, several SMEs profiles were created, in order to detect SMEs archetypes according to their decisions. The results are thought-provoking, and highlight that differences in firms characteristics (size, innovative activities, etc.), influence not only the access to, but also the demand for external finance.

scholarly journals FINANCIAMIENTO DE LAS MIPYMES DEL SECTOR INDUSTRIAL EN EL MUNICIPIO DE SINCELEJO

2014 ◽  
Vol 6 (2) ◽  
Author(s):  
Heberto Salas Quintana
Keyword(s):  
Financial Sector ◽  
Business Development ◽  
The Other ◽  
Financial Resources ◽  
Working Capital ◽  
Access To Finance ◽  
Chi Square ◽  
Chi Square Test ◽  
Key Aspects ◽  
Alpha Index

En este articulo se reportan los resultados de una investigación que tuvo como objetivo analizar las fuentes de financiamiento utilizadas por las micro, pequefias y medianas empresas (MIPYMES) del sector industrial del municipio de Sincelejo (Colombia) con el fin de caracterizar determinantes claves en su funcionamiento. La muestra fue conformada por 208 empresarios, a quienes se les aplicó un cuestionario tipo likert. La confiabilidad del mismo se hizo con el indice alfa de Cronbach, y se utilizaron tablas de contingencia para procesar la información, asi como el coeficiente Chi cuadrado para analizar la asociación entre las variables. Los resultados evidencian que las empresas de este sector utilizan en sus inicios recursos propios para el desarrollo de sus actividades y, luego, al requerir financiamiento, recurren al sector financiero o a la reinversión de sus utilidades. Se concluyó que el acceso al financiamiento sigue siendo un obstaculo para estas empresas y que el acceso a los creditos se les dificulta por causa de los requisitos solicitados como soportes de estos y por las garantias que se les exigen. Ademas, los recursos que obtienen son utilizados preponderantemente para compra de maquinaria o capital de trabajo. ABSTRACTTo analyze financing strategies and establish key aspects related to micro, small and big enterprises in Sincelejo (Colombia) were addressed in this research paper. 208 enterprises were sampled using a Liker questionnaire and its reliability is based on Cronbach's alpha index; to process information was used contingency tables and in order to analyze variable association the coefficient Chi-square test was used as well. The results show at the beginning that companies use their own financial resources for their business development and when they require funding, these companies resort to the financial sector or reinvest their own profits. As a conclusion, for these companies to access to finance remains an obstacle and bank credits become difficult as well because of the requirements they ask for, such as the required guarantees. On the other side, the resources obtained are predominantly used for purchasing machinery or working capital.

scholarly journals Współpraca transgraniczna a rozwój regionów wschodnich

2005 ◽  
pp. 5-18
Author(s):  
Elżbieta Kacperska
Keyword(s):  
European Union ◽  
International Cooperation ◽  
Financial Resources ◽  
The European Union ◽  
Cross Border ◽  
Eastern Border ◽  
Border Areas ◽  
The Cross ◽  
Cross Border Cooperation

The cross-border cooperation is an element of international cooperation allowing border areas to develop. Polish border areas are very much diversified , in respect of the development, especially weakly developed are terrains situated along eastern border. The chance of the development of those regions is to cooperate, especially in the aspect of using financial resources form programs of cross-border cooperation of the European Union. The aim of the study is to point benefits and barriers of border areas development caused by the cross-border cooperation on the example of eastern regions, taking into consideration euro regions: Neman, Bug and Carpathians.

scholarly journals Assessing the Role of Access to Finance for Young Potential Entrepreneurs: The Case of Romania

2020 ◽  
Author(s):  
Valentina Diana Rusu ◽  
Angela Roman
Keyword(s):  
Business Environment ◽  
Entrepreneurial Intentions ◽  
Financial Resources ◽  
Easy Access ◽  
Access To Finance ◽  
Positive Effects ◽  
Financial Perspective ◽  
Business Regulations ◽  
High Level ◽  
Young Entrepreneurs

The significant role played by youth entrepreneurship for the economic growth of countries has shift the attention of researchers to the potential entrepreneurs, and how to stimulate the enter on the market of new and innovative individuals which might have positive effects on economic development. The present research is conducted to identify the influence of some characteristics of business environment and of access to financial resources on entrepreneurial intentions of faculty students from one of the largest universities of Romania. We conducted the study on a sample of undergraduate and master students, by applying a questionnaire. The main objectives of this paper are to analyze how the young potential entrepreneurs perceive the access to finance for start-ups and if this factor would be a significant predictor of the decision to become entrepreneurs of the students. In addition, our study discusses how policy makers could provide support for young people to create innovative businesses, from a financial perspective. Our findings show a high level of entrepreneurial intentions among the interviewed students, but also that easy access to financial resources is the most important obstacle identified by the students with entrepreneurial intentions. Young entrepreneurs encounter significant obstacles in trying to obtain the necessary financial resources because they do not have a market history or sufficient guarantees. Access to information and fewer business regulations were also identified as factors with a significant contribution on the entrepreneurial orientation of youth. The implications of the study are significant for potential policy intervention, because emphasize the need of the policymakers to stimulate young entrepreneurs by promoting policies that allow young entrepreneurs greater access to finance. Keywords: young entrepreneurs, potential entrepreneurs, entrepreneurial intentions, access to finance, business environment, university students

Sign in / Sign up

Export Citation Format

Share Document