scholarly journals Bank Lending to Small Businesses in Latin America: Does Bank Origin Matter?

2005 ◽  
Vol 37 (1) ◽  
pp. 83-118 ◽  
Author(s):  
George R. G. Clarke ◽  
Robert J. Cull ◽  
Maria Soledad Martinez Peria ◽  
Susana M. Sanchez
Keyword(s):  
Latin America ◽  
Small Businesses ◽  
Bank Lending

scholarly journals Bank Lending to Small Businesses in Latin America: Does Bank Origin Matter?

2002 ◽  
Author(s):  
Robert Cull ◽  
Maria Peria ◽  
Susana M. Sánchez ◽  
George Clarke
Keyword(s):  
Latin America ◽  
Small Businesses ◽  
Bank Lending

FEATURES OF THE RUSSIAN SMALL BUSINESS MODEL AND THE CONSEQUENCES OF THE COVID-19 PANDEMIC

2021 ◽  
pp. 71-85
Author(s):  
Natal’ya E. Egorova ◽  
Keyword(s):  
Small Business ◽  
Business Model ◽  
Small Businesses ◽  
Structural Characteristics ◽  
Bank Lending ◽  
Structural Instability ◽  
Government Support ◽  
Negative Consequences ◽  
Development Levels ◽  
The Impact

The article analyzes the quantitative and structural stability of Russian small business and identifies the model features of its functioning. It investigates the dynamics of development of Russian small business is investigated and notes a downward trend in the number of small and medium-sized enterprises over the past two years. A conclusion is drawn that the quantitative indicators reflecting its functioning are highly sensitive to the negative effects of the macroeconomic environment. The author introduces a concept of the small business heterogeneity and brings up its structural characteristics, represented by various categories of small and medium-sized firms. Comparative analysis of the Russian small business model with foreign small business confirms its quantitative and structural instability. That makes the considered sector of the national economy vulnerable to shocks (externalities), including the COVID-19 pandemic. It is assumed that the negative consequences of the pandemic will affect Russian small businesses more than foreign ones, and the gap in their development levels will widen. An assessment of the impact of the COVID-19 pandemic on Russian small business and a forecast of its development are made in the context of limited government support and the absence of active bank lending.

scholarly journals Problems of small business in Ukraine and ways for their overcoming

2021 ◽  
Vol 71 (4) ◽  
pp. 69-76
Author(s):  
A. Chushak-Holoborodko ◽  
P. Horyslavets ◽  
O. Poburko ◽  
S. Shramko
Keyword(s):  
Law Enforcement ◽  
Small Business ◽  
Small Businesses ◽  
Bank Lending ◽  
Legal Regulation ◽  
The State ◽  
Normal Operation ◽  
Law Enforcement Agencies ◽  
Wide Range ◽  
Business Entities

The essence of small business and the criteria for enrollment of business entities to small enterprises and micro-enterprises, both according to the approach of domestic legislation and European standards are investigated in this paper The place of small business in the state economy and its role in its development is studied. Factors that shape the environment for small business in Ukraine and hinder its effective functioning are formulated. In particular, the legal capacity of small businesses and the biased attitude of law enforcement agencies towards small businesses permanently put pressure on small businesses and complicate the process of their activities. A wide range of inhibitory factors and factors faced by small business in Ukraine are analyzed and studied. The key areas that are most urgently in need of reform are identified, and their detailed and in-depth analysis is carried out. As the result, a list of small business problems in Ukraine is formed and grouped. Obstacles on the part of the tax system include refusal to register tax invoices for unknown reasons, delays in unblocking tax invoices and registration of invoices by tax authorities, as well as unfounded grounds on which taxpayers are included in risky and lack of clear instructions for exclusion from the list of risky. On the part of law enforcement agencies – unfounded criminal proceedings, slowing down the process of returning business entities to normal operation. On the part of labor relations are the complexity and inflexibility of the interaction between employee and employer and the procedure for dismissal of employees; conducting by the employer of documentary administration of labor in paper form; significant dispersion of legal regulation of labor inspections. In terms of availability of funding are non-compliance with the requirements of bank lending and lack of information about international programs, grants and donor funding with the participation of European organizations, as well as government programs to support business. Based on the outlined problems, a number of ways to overcome them, which will bring small business in Ukraine to a new level and strengthen the economic position of the state are formed.

Airlines will struggle to recover in Latin America

2020 ◽  
Keyword(s):  
Latin America ◽  
Economic Impact ◽  
Airline Industry ◽  
Small Businesses ◽  
Balance Sheet ◽  
Class Action ◽  
Airline Competition ◽  
Content Type ◽  
Regional Airline

Significance LATAM is seeking to raise an estimated USD2.15bn to stay afloat while it resizes its operations and restructures its balance sheet to adjust to COVID-19's implications for the airline industry. Impacts With Aeromexico, LATAM and Colombia’s Avianca in bankruptcy proceedings, regional airline competition will be greatly reduced. LATAM’s downsizing will have an important local economic impact through its numerous suppliers, many of which are small businesses. In Chile, LATAM faces a class action suit which claims it owes customers some 200 million dollars, mostly for cancelled flights.

scholarly journals The Role of Trade Credit in Activities of Small and Medium-Sized Enterprises

2020 ◽  
Vol 12 (6) ◽  
pp. 126-135
Author(s):  
E.A. Panova ◽  
Keyword(s):  
Small Businesses ◽  
Price Competition ◽  
Trade Credit ◽  
Small And Medium Enterprises ◽  
Negative Relationship ◽  
Bank Lending ◽  
Cash Flows ◽  
Accounts Payable ◽  
Medium Enterprises ◽  
Return On Sales

Trade credit has a special meaning for small and medium-sized enterprises (SMEs). When they act as a supplier, it allows them to increase sales and cash flows, and helps establish and maintain permanent relationships with clients. Deferred payment provision is a tool for non-price competition, giving a client time to make sure of product quality. Trade credit as a financial source is an important alternative to bank lending. The article is devoted to studying the determinants of accounts payable in Russian industrial SMEs.It is based on the financial indicators calculated using the SMEs’ accounting statements for the period 2010–2018, published by Rosstat. The statistical data analysis has led to the conclusion that accounts payable are the main borrowed financial source for Russian industrial SMEs. The results of the regression analysis demonstrate a direct dependence of the accounts payable amount on sales growth and a reverse dependence of the former on the liquidity both in small and medium enterprises. Small businesses are also characterized by a negative relationship between return on sales and the accounts payable amount.

Financial factors for improving the competitiveness of the corporate sector in the Komi Republic

2021 ◽  
Vol 2 ◽  
pp. 127-135
Author(s):  
E.N. Timushev ◽  
◽  
Yu.A. Gadzhiev ◽  
M.M. Styrov
Keyword(s):  
Small Businesses ◽  
Resource Curse ◽  
Bank Lending ◽  
Komi Republic ◽  
Corporate Sector ◽  
Regional Competitiveness ◽  
Specific Investment ◽  
Regional Budget ◽  
Investment In Fixed Assets ◽  
The Impact

The paper demonstrates the importance of a stable financial state of the corporate sector for the competitiveness of the region, limited tools of regional budget policy and the possibility of increasing the financial support of small and me-dium-sized businesses in the Komi Republic. The analysis is based on the indicators of investment in fixed assets and the size of bank lending to small and medium-sized businesses, which are both indicators of the finances of the corpo-rate sector of the economy and the macro-financial block in the concept of regional competitiveness. In the Komi Re-public, as in other northern regions of Russia, the volume of bank lending to small businesses is extremely limited – but the specific investment per capita, and with it the growth rate of the economy, significantly lags behind the average northern and average Russian values. Similarly, in the Komi Republic, as in the rest of the resource economies of Rus-sia, the effects of the "resource curse" (low revenue of small and medium-sized businesses and the volume of innovative products) are manifested – while the poverty of the population is high, the size of average monetary incomes is small and, in comparison with regions with similar income levels, informal employment is very limited. The paper suggests a way to overcome the identified negative trends and restore competitiveness – stimulating demand from the corporate sector of the Komi Republic, primarily small and medium-sized businesses, for financial resources offered by federal development institutions. The problems of intersectoral unevenness and the impact of the system of “northern benefits” on the finances of enterprises are considered.

scholarly journals Measuring the inclusiveness of international financing to tourism in Latin America and the Caribbean

2018 ◽  
Vol 15 (3) ◽  
pp. 15-34 ◽  
Author(s):  
Isabel Carrillo-Hidalgo ◽  
Juan Ignacio Pulido-Fernández
Keyword(s):  
Latin America ◽  
Financial Institutions ◽  
Small Businesses ◽  
Financial Support ◽  
Poverty Reduction ◽  
Economic Life ◽  
International Financial Institutions ◽  
The Caribbean ◽  
International Financing

Globally, tourism has been identified as a means of poverty reduction and development, and as a means of encouragement of females, minorities and small businesses to better engage in the mainstream of economic life. This paper examines whether the international and governmental financial support, grated by international financial institutions, is effectively achieving these aims in Latin America and the Caribbean. A series of indices are established in the paper that assess the extent to which such funding includes non-corporate enterprise while also considering the volume and nature of such funding. It is concluded that the goals of inclusiveness are not being met.

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