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.

ORGANIZATIONAL-ECONOMIC MECHANISM FOR SMALL BUSINESSES DEVELOPMENT DURING PANDEMIC AND ECONOMY DIGITALIZATION

2021 ◽  
Vol 1 (195) ◽  
pp. 18-24
Author(s):  
N.V. Altufeva ◽  
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
State Support ◽  
Economic Mechanism ◽  
Global Challenges ◽  
Republic Of Bashkortostan ◽  
The Republic ◽  
Analytical Center

In order to develop an organizational and economic mechanism for the development of small businesses in the context of the coronavirus pandemic and the digitalization of the economy, an analysis of the problems of the development of small businesses in Russia was carried out on the basis of a study by the NAFI 2020 Analytical Center. Measures of state support of business in the conditions of digitalization of the economy in the Republic of Bashkortostan are considered. A set of measures and tools for the development and support of small business in the conditions of global challenges is proposed.

ENTREPRENEURIAL ACTIVITY AT DIFFERENT STAGES OF THE LIFE CYCLE: MAINTENANCE AND STIMULATION

2021 ◽  
Vol 0 (3) ◽  
pp. 50-54
Author(s):  
T.Y. ALTUFYEVA ◽  
Keyword(s):  
Life Cycle ◽  
Small Business ◽  
Russian Federation ◽  
Structural Changes ◽  
Negative Impact ◽  
Entrepreneurial Activity ◽  
Emergency Situations ◽  
Republic Of Bashkortostan ◽  
The Russian Federation ◽  
The Republic

The article discusses the problems of maintaining and stimulating entrepreneurial activity in territories of various stadial affiliation, first of all, in emergency situations in order to preserve their efficiency, stability and vitality. As you know, in the context of increasing external instability and the spread of a new coronavirus infection in the constituent entities of the Russian Federation, small and medium-sized businesses, a significant part of which were engaged in providing services to the population, suffered the most. The prolonged lockdown had a negative impact on the economic performance of small businesses, development opportunities, and the employment of workers in them. The article analyzes the dynamics of the development of small and medium-sized businesses in the Republic of Bashkortostan. The trend of reduction since 2018 of both the total number of small and medium-sized businesses and the number of employees employed in them is shown. Analysis of the situation in small business showed that there have been not only quantitative, but also structural changes in the development of small and medium-sized businesses in Belarus. In the current situation, the process of re-registration of small enterprises of the republic into individual entrepreneurs and micro-enterprises was initiated, due to their more competitive tax parameters in the current conditions and the possibility of reducing personnel to minimum values. The study shows significant improvements in the business climate in the Republic of Bashkortostan in recent years. At the end of 2019, in accordance with the Index of Administrative Pressure - 2020, the republic took 11th place among 85 constituent entities of the Russian Federation, having risen from 38th place over the year, which is due to a significant simplification of registration procedures, the introduction of the institution of “self-employed” on the territory of the republic, and other innovations. Nevertheless, at present, small business in the republic has not overcome the consequences of the economic crisis caused by an unfavorable epidemiological situation. The crisis is changing the forms of employment, it is becoming remote, remote, non-standard, online professions appear. The traditional mechanism of entrepreneurs' actions in conditions of deteriorating economic conditions is described. The author analyzes the measures taken by the SMEs themselves in the territories of various stages of the life cycle, in particular, the transition to Internet commerce and the state (three packages of support measures in the Republic of Belarus) to continue activities in the context of the coronavirus crisis. The article substantiates the urgency of developing a mechanism to stimulate entrepreneurial activity in emergency situations in the territories of the ascending and descending stages of the life cycle.

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 FINANCIAL RESOURCES OF SMALL BUSINESSES: INTERNAL AND EXTERNAL FACTORS INFLUENCING THE SOURCES OF THEIR FORMATION

2020 ◽  
Vol 384 (2) ◽  
pp. 106-110
Author(s):  
V. A. Naumkin
Keyword(s):  
Life Cycle ◽  
Small Business ◽  
Small Businesses ◽  
External Factors ◽  
Financial Resources ◽  
Economic Downturn ◽  
Internal Factors ◽  
Legal Form ◽  
Investment Activity ◽  
Wide Range

The development of small business is of great importance for the stable development of the economy of any country. Economically developed small business is the basis of the economy of a developed state, so many research papers are devoted to the study of small business problems. Small businesses, because of their size, are more flexible in responding to all changes in the economy and have a greater potential for development. Recently, according to statistics, there has been a decrease in investment activity in small businesses. In other words, small business has become less invested in fixed assets. The observed crisis phenomena in the economy exacerbate the problem of investment financing and confirm the relevance of research on this topic. According to the heads of small businesses, the main reason for weak investment is the lack of financial resources. There is a wide variety of sources of financial resources. Sources of financial resources of small businesses have their own characteristics. However, small businesses are limited in their choice of sources of financial resources, because not all existing sources of financial resources are available and can be actually used by small businesses. There are a lot of number of factors that determine the final version of the structure of sources of financial resources of a small business. The article highlights the main external and internal factors that determine the structure of the sources of financial resources of small business. Internal factors characterize specificity of the enterprise (the legal form of the business, the sectoral specifics of small business, the stage of the life cycle of a small business and the economic characteristics of the businesses), external – the specifics of the external economic environment and industry, condition of the labor market and unemployment rate, financial and credit policy, investment sphere. The author of the article comes to the conclusion that the stage of the life cycle is one of the most important factors that determine the structure of sources of financial resources of small enterprises, since at different stages of the life cycle, the structure of financial sources of an enterprise differs. Among external factors, the author puts the economic conditions in which a small business operates in the first place. In a stable economic situation, a small business will have access to a wide range of sources of financial resources. In an economic downturn, the availability of debt sources is sharply reduced, due to high risks of non-return of funds, in addition, there is a low investment activity of business. The article describes the influence of each factor.

scholarly journals The development of small business in the sphere of consumer market and services as a factor of economic growth (on materials of the Republic of Khakassia)

Servis plus ◽  
2017 ◽  
pp. 78-92
Author(s):  
Елена Кочеткова ◽  
Elena Kochetkova ◽  
Светлана Трусова ◽  
Svetlana Trusova
Keyword(s):  
Economic Growth ◽  
Small Business ◽  
Small Businesses ◽  
Regional Level ◽  
High Rate ◽  
Consumer Market ◽  
Goods And Services ◽  
The Russian Federation ◽  
The Republic

This article focuses on the nature and role of small business in the sphere of consumer market and services as an important condition of economic growth. The article presents the analysis of the state of small business in the federal subjects of Russia - the Republic of Khakassia, and summarizes its development, the structure of small business by the number of enterprises in different activities. The authors estimate the small business in the sphere of consumer market and services and present the peculiarities and problems of development of entrepreneurial structures in the sphere of consumer market and services at the regional level (on the example of Republic of Khakassia). The consumer market remains one of the most important factors of economic growth in the Republic of Khakassia. The authors determine the factors contributing to the development of small business on regional level and their impact on economic growth. They note that just small businesses do not require large upfront investment and guaranteeing a high rate of turnover of resources and they can most quickly solve the problems of the formation and saturation of market with goods and services. Small businesses can quickly respond to changing consumer demand and thus they can provide the necessary balance in the consumer market. This study is limited to the territory of the Republic of Khakassia, however, the information can be applied and used in other regions of the Russian Federation, as well as in the preparation of textbooks and articles.

scholarly journals FINANCIAL INSTRUMENTS TO INCREASE THE ECOLOGICAL SAFETY

2019 ◽  
Vol 1 ◽  
pp. 81
Author(s):  
Svetlana Izmailovich ◽  
Aydin Rahmanov
Keyword(s):  
System Analysis ◽  
Practical Experience ◽  
European Countries ◽  
Green Economy ◽  
Ecological Safety ◽  
Financial Instruments ◽  
Ecological Policy ◽  
State Management ◽  
The Republic ◽  
Effective Development

This article justifies, that questions of environmental protection, protection of natural resources, ecological safety are the most actual for effective development of economic systems. In the modern economic situation, coherence and administrative leverage in total with ecological taxation and insurance are forceful instruments to move towards the model of «green» economy. The main goal is to consult the theoretical and practical experience of formation the ecological safety under the paradigm of «green» economy of European countries and the Republic of Belarus based on analysis of main financial instruments of the state ecological policy. The main tasks are: identifying mechanism of formation of ecological safety in conditions of green economy in European countries and in the Republic of Belarus; identify and systematization of main financial instruments for state ecological policy; justification of necessity and directions for improvement the ecological taxation and insurance. Methodology of the study is based on the principles of the system analysis, formal logic and interdisciplinary scientific approach to the problem. Monographic and descriptive method, method of analysis and synthesis, statistical data analysis method were used to complete the tasks of research. Novelty of this research is that systematization of theoretical practical foundations of state management of ecological safety through financial instruments of green economy can increase the effectiveness of the stable development of the economic system.

FINANCIAL INTERMINGLING IN KOREAN-AMERICAN AND MEXICAN-AMERICAN SMALL BUSINESSES

2009 ◽  
Vol 14 (03) ◽  
pp. 297-310 ◽  
Author(s):  
GEORGE W. HAYNES ◽  
JOSEPH I. ONOCHIE ◽  
MYUNG-SOO LEE ◽  
AlVIN N. PURYEAR ◽  
EDWARD G. ROGOFF ◽  
...  
Keyword(s):  
Small Business ◽  
Ethnic Groups ◽  
Rural Areas ◽  
Small Businesses ◽  
Mexican American ◽  
English Language ◽  
Business Owners ◽  
Korean American ◽  
Financial Resources ◽  
Small Business Owners

This study explores the financial intermingling behavior of Mexican-American and Korean-American owned and operated small businesses. It posits that ethnically-owned and -operated small businesses with strong familial ties and more limited access to financial capital are more likely to intermingle financial resources than other small businesses. Mexican-American small business owners typically have very strong familial ties, while Korean-American small business owners typically have very strong community ties. Perhaps more importantly, Mexican-American small business owners have less access to pools of community capital than Korean-American small business owners. Therefore, it is expected that Mexican-American small business owners are more likely to intermingle financial resources than Korean-American small business owners. Even when controlling for the time in United States and English language spoken in the household, this study suggests Mexican-American small business owners are more likely to intermingle financial resources than Korean-American small business owners. Within these two ethnic groups, similar factors contribute to intermingling. Small business owners living in rural areas and borrowers are more likely to intermingle financial resources for both ethnic groups.

scholarly journals DIRECTIONS OF PUBLIC SUPPORT FOR SMALL BUSINESSES IN KAZAKHSTAN

2020 ◽  
Vol 3 ◽  
pp. 67-73
Author(s):  
Gulzada Jambayeva ◽  
◽  
Saule Zhumasheva ◽  
Tashikul Mashirova ◽  
◽  
...  
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Agricultural Sector ◽  
Public Support ◽  
The State ◽  
Production Costs ◽  
Small Scale ◽  
Tax Regimes ◽  
The Republic ◽  
Business Structures

The relevance of the research topic lies in the importance of development of small agribusiness entities for increasing production of agricultural products, increasing the level of employment and income of the rural population, solving social problems of the village. The system of public support measures for agricultural sector, developed by the Ministry of Agriculture of the Republic of Kazakhstan as part of the implementation of the State Program on AIC Development for 2017- 2021, which includes subsidizing production costs, property insurance, preferential taxation, investment subsidies for construction of facilities or their modernization, subsidizing the repayment of the interest rate for concessional lending. The article analyzes the main technical and economic indicators: gross agricultural output by type of activity; structure of agricultural crops, their yield, incl. in small-scale commodity farms of the republic, including general harvest of grain and oilseeds. The authors have developed proposals for the use of a new financial instrument - an agricultural receipt, which allows investors (creditors) to finance agricultural production and sale of goods in small business structures; recommendations for exemption from income tax for a period of three years for taxpayers applying special tax regimes, improving lending to agricultural enterprises by commercial banks, mechanisms that allow in the future to reduce the amount of funds allocated from the state budget to support the industry. It is concluded that the further development of small business structures in AIC and their public support will improve socio-economic processes of the formation and functioning of all forms of family farms on the basis of meeting the needs of the population for food; to increase the employment rates of rural residents, taking into account the development of alternative directions based on cooperation and integration.

scholarly journals Improving the financial support of small business organizations

KANT ◽  
2020 ◽  
Vol 37 (4) ◽  
pp. 114-118
Author(s):  
Yulia Klishina ◽  
Оlga Uglitskikh ◽  
Maria Mastepanova
Keyword(s):  
Small Business ◽  
Rural Areas ◽  
Small Businesses ◽  
Financial Support ◽  
Driving Forces ◽  
Well Being ◽  
Small Towns ◽  
Financial Resources ◽  
Business Organizations ◽  
Theoretical Foundations

The article discusses the theoretical foundations of financial support for the activities of small business organizations, the features of the structure and problems of the formation of financial resources in the activities of small business organizations, as well as ways to improve and develop the system of financial support for the activities of small businesses. Small business in Russia should become one of the driving forces for improving the well-being of the population, solving issues of its employment in small towns and rural areas. However, the development of small business depends on the availability and ability to attract a sufficient amount of financial resources. It is financial resources that are one of the most problematic issues for Russian small business.

scholarly journals The Effect of Intangible Asset, Capacity of Financial Resource and Regulation. Evidence from Financial Performance of Small Business Firms

2021 ◽  
Vol 6 (6) ◽  
pp. 162-167
Author(s):  
Nur Vita Opu ◽  
. Mahfudnurnajamuddin ◽  
Ratna Dewi ◽  
. Mapparenta
Keyword(s):  
Small Business ◽  
Financial Performance ◽  
Small Businesses ◽  
Intangible Assets ◽  
Descriptive Analysis ◽  
Financial Resources ◽  
Intangible Asset ◽  
Business Sector ◽  
Family Economy ◽  
The Family

The purpose of this study was to examine and analyze the effect of intangible assets, financial resources, and regulations on the financial performance of small businesses firms in Balikpapan. The development of Balikpapan City with many national and international events has led to the development of the small business sector in this city. This informal sector is a form of business that really helps the family economy. The research samples were 80 units of small businesses. Data collection was conducted using questionnaires and techniques to examine hypotheses it was used descriptive analysis and regression analysis using SPSS 24. The results show that intangible assets and regulations affect financial performance while financial resources have no effect on financial performance.

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