Assessing the Impact of Public Financial Support to Small and Medium Enterprises: An Empirical Study from the Republic of Srpska, BiH

2016 ◽  
pp. 57-72
Author(s):  
Jadranka Petrović
Keyword(s):  
Empirical Study ◽  
Financial Support ◽  
Small And Medium Enterprises ◽  
The Republic ◽  
Medium Enterprises ◽  
The Impact

THE ACCESS TO GOVERNMENT FINANCIAL SUPPORT THROUGH LEGAL CHANNELS OF SMALL AND MEDIUM ENTERPRISES IN FOUR ASIA PACIFIC COUNTRIES

2020 ◽  
Vol 9 (2) ◽  
pp. 298
Author(s):  
Muhamad Marwan
Keyword(s):  
Financial Support ◽  
Small And Medium Enterprises ◽  
Mediation Effect ◽  
Asia Pacific ◽  
Survey Questionnaire ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

The aim of this study is to determine the impact of networking on SME’s ability to access government financial support through legal channels in Asia Pacific. This study is quantitative in nature in which the data has been gathered from 281 employees and managers working in SMEs through survey questionnaire. The SEM technique was utilised for the purpose of analysing and testing the mediation effect. The study found that there is a partial mediation of government financial support through legal channels among the relationship between networking with officers and access to finance. This study is restricted to the SMEs operating in the region of Asia Pacific.

scholarly journals THE ANALYSIS OF FINANCIAL AND NON-FINANCIAL SUPPORT TO THE SECTOR OF SMALL AND MEDIUM ENTERPRISES IN THE REPUBLIC OF SRPSKA

2015 ◽  
Vol 1 (10) ◽  
pp. 89
Author(s):  
Boban Sašić
Keyword(s):  
Financial Support ◽  
Growth And Development ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Research Problem ◽  
Business Activity ◽  
Financial Instruments ◽  
Business Climate ◽  
The Republic ◽  
Medium Enterprises

The aim of this paper is to analize the role and importance of financial and non-financial instruments of supporting the sector of small and medium enterprises (SMEs) in the Republic of Srpska (RS). For that purpose, in late 2013 and early 2014, there was conducted a quantitative research on a sample of 110 respondents on the whole territory of RS, with the aim of finding the answers to the following question: What is the reason that a large number of SMEs in RS fail to provide adequate financial and non-financial support to their business activity and what measures should be taken in order to improve the current situation? In order to specify the research problem, we ask ourselves if the existing instruments of financial and non-financial support to the sector of SMEs in the RS are sufficiently developed and accessible, as to contribute to the successful growth and development of the said enterprises? We found that the above mentioned instruments of support to the SME sector in RS are not sufficiently developed. Respondents were acquainted with the sole instruments and models of financial and non-financial support that exist in RS. According to the results of the empirical research, we conclude that creating and mastering the models and instruments of financial and non-financial support to SME sector in the RS and providing the adequate business climate for their successful functioning, will increase the availability of favourable financial means for SMEs, as well as the possibility of using the positive aspects of clusters, guarantee funds, factorings and other forms of entrepreneurship infrastructure.

scholarly journals THE IMPACT AND THE ROLE OF THE SMALL AND MEDIUM ENTERPRISES ON THE EMPLOYMENT IN THE REPUBLIC OF MACEDONIA

2018 ◽  
Vol 28 (1) ◽  
pp. 105-110
Author(s):  
Snezana Bardarova ◽  
Marija Magdincheva-Shopova ◽  
Monika Markovska ◽  
Bozhidar Milenkovski
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
High Rate ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Republic Of Macedonia ◽  
Area Of Interest ◽  
The Republic ◽  
Medium Enterprises ◽  
The Impact

Current developments in the global and national economics point to a number of problems faced by real entities in the real sector, and as a special area of interest for the scientific public there is a need to provide conditions for the smooth running of the reproduction processes in the enterprise and the realization the positive results of the operation. Enterprises are drivers of inclusive economic growth in the Republic of Macedonia and in creating productive and sustainable jobs.The new conception of the small enterprise as a carrier and engine of economic development is quite persuasive with its economic logic and reaffirms the small enterprise as a significant economic sector. The activities within the small enterprises are aimed at intensifying the results of the work by achieving a balance between objective possibilities and good working principles. The monitoring of the small enterprise, through the prism of its influence on economic growth and development, rejects the traditional view for small enterprises as security guards.The SME sector is a driver of inclusive economic growth in Macedonia and the creation of sustainable jobs increasing productivity. It also does not agree with the notion that small enterprises are economically inefficient organisms.With the third technological revolution in the countries with a developed market economy, the domination of the so-called. small economy, that is, the sector of small and medium enterprises. Today, small enterprises have a growing number of supporters who believe that small enterprises are carriers of innovation and entrepreneurship and are able to react quickly to changes in the environment. For years, the Republic of Macedonia has faced a high rate (29%, June 2013) of general unemployment, which remains a key challenge for stabilizing the economic and social development of the country. The subject of research in this paper is focused on conducting analysis of the active enterprises in the Republic of Macedonia by size, by sector and by number of employees, as well as analysis of the activity of the population and employment by sectors and by type of ownership of the enterprise in the period from 2013-2017.

scholarly journals Trends in the Development of the External Environment of Entrepreneurship in the Republic of Kazakhstan

2020 ◽  
pp. 55-67
Author(s):  
Olga Mishulina ◽  
Galina Panina ◽  
Natalya Baranova ◽  
Natalya Gorelova
Keyword(s):  
Qualitative Analysis ◽  
Small And Medium Enterprises ◽  
External Environment ◽  
The State ◽  
Annual Reports ◽  
Development Fund ◽  
Advantages And Disadvantages ◽  
The Republic ◽  
Medium Enterprises ◽  
The Impact

This article is devoted to the impact of the external environment on the development of entrepreneurship in Kazakhstan. The aim of the study is to identify current trends in the external environment of indirect effects on entrepreneurship based on the quantitative and qualitative analysis. The authors analyze strengths and weaknesses of small and medium enterprises, contribution of this sector to the development of the economy of Kazakhstan. The paper reveals advantages and disadvantages of the state and integration subsystem of the external environment of entrepreneurship, providing financial and non-financial support measures that are factors of sustainable economic development of Kazakhstan. The authors use the data of the Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan, annual reports of “Damu Entrepreneurship Development Fund” JSC. Methods of scientific knowledge, comparison, analysis, and systematic approach are applied as the main research methods. The main result of the study is formulating modern trends in the state and development of the external environment of entrepreneurship in Kazakhstan. Unfavorable trends identified by the authors will help substantiate the main directions of increasing the efficiency of small and medium enterprises. Based on the quantitative and qualitative analysis of the state and integrated subsystem of the external environment of entrepreneurship, the authors draw conclusions about its impact on the state and development of small and medium enterprises.

scholarly journals Effects of the Establishment of Entrepreneurial Orientation on the Performances of Small and Medium Enterprises in Transition Countries: Empirical Evidences from Bosnia and Herzegovina

2019 ◽  
Vol 22 (s1) ◽  
pp. 37-67
Author(s):  
Saša Petković ◽  
Snežana Sorak
Keyword(s):  
Bosnia And Herzegovina ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Small And Medium Enterprises ◽  
Economic Structure ◽  
Three Dimensions ◽  
Entrepreneurial Activity ◽  
The Republic ◽  
Medium Enterprises ◽  
The Impact

Abstract Bosnia and Herzegovina (BiH) has a relatively low level of entrepreneurial activity as evidenced by GEM reports but also has an economic structure in which SMEs account for about 99% of the total number of enterprises. The goal of this paper was to examine the level of entrepreneurial orientation (EO) and influence of EO on business performances of SMEs in the Republic of Srpska (RS), one of the two BiH entities, in which the empirical research was done. We have used adapted Covin & Slevin (1989) version of the questionnaire. We found out that only 12.28% of sampled SMEs have all three dimensions of EO pronounced. The least pronounced dimension is risk-taking and the most pronounced dimension is proactiveness. Our research did not confirm the impact of EO on selected indicators of business performances.

The development and target market selection influential strategies for Iranian SMEs: empirical study

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ahmad Reza Jafarian-Moghaddam
Keyword(s):  
Empirical Study ◽  
Swot Analysis ◽  
Small And Medium Enterprises ◽  
Multicriteria Decision Making ◽  
Development Strategies ◽  
Target Market ◽  
International Studies ◽  
Content Type ◽  
Medium Enterprises ◽  
The Impact

Purpose The financial resources limitation, the difficult conditions for entry into the market and the lack of sufficient funds are the most important problems facing Iranian small and medium enterprises (SMEs). For these reasons, this paper aims to propose an appropriate methodology for formulating the most influential Iranian SMEs development strategies to make it possible to grow and make more income. Then, a framework is developed to precisely determine the target market for Iranian SMEs. Design/methodology/approach The paper uses strengths, weaknesses, opportunities and threats (SWOT) analysis; Pareto principle and analysis of the market conditions to propose the development strategies and uses a methodology based on multicriteria decision-making (MCDM) method to determine the target market. Findings According to the research results, it is necessary for the Iranian SMEs to follow the brand strengthening, product and market development, enhancing product quality and creating research and development units strategies focusing on the domestic market. The results obtained from the empirical study also indicated that the customer acquisition rate improved from 0.06 to 0.13 per month, and the company's income has a 64% growth in 2016 than the year 2015 through the selection of some public customers as the target market. Originality/value Very few studies have been done so far on the formulation methodology of a market entry strategy for SMEs. Studies by researchers imply that no studies have been conducted in Iran in this regard. International studies also mainly focus on the impact of some marketing activities.

scholarly journals Empirical Study on the Antecedents Predicting Organizational Innovation of the Small and Medium Enterprises in Bangladesh

2017 ◽  
Vol 8 (2) ◽  
pp. 142 ◽  
Author(s):  
Luo Fan ◽  
Md. Aftab Uddin ◽  
Anupam Kumar Das
Keyword(s):  
Transformational Leadership ◽  
Empirical Study ◽  
Organizational Innovation ◽  
Small And Medium Enterprises ◽  
Positive Deviance ◽  
Citizenship Behavior ◽  
Global Competition ◽  
Research Directions ◽  
Medium Enterprises ◽  
The Impact

In the era of global competition, innovation has become a central object to obtain a sustainable future by an organization outrunning their counterparts. Based on the questionnaires survey on Ready-made Garment (RMGs) and small and medium enterprises (SMEs) in Bangladesh, this empirical study aims at finding the impact of transformational leadership (TL), knowledge management (KM), citizenship behavior or positive deviance (PD), and intrinsic motivation (IM) on organizational innovation (OI). Stratified random sampling has been used for collecting the responses of the SMEs in Bangladesh. Data analysis shows that TL, KM, IM, and PD can predict OI significantly. Limitations, implication and further research directions have also been discussed in this article.

scholarly journals The Influence of the COVID-19 Pandemic on Small and Medium Enterprises' Economic Security

2021 ◽  
pp. 78-82
Author(s):  
O. Olshanskyi ◽  
◽  
M. Kramchaninova ◽  
Keyword(s):  
Financial Support ◽  
Technological Progress ◽  
Service Industry ◽  
Small And Medium Enterprises ◽  
Economic Security ◽  
Economic Consequences ◽  
Negative Effects ◽  
The World ◽  
Medium Enterprises ◽  
The Impact

The article researches the influence of the COVID-19 pandemic on small and medium enterprises' economic security. The issues and challenges faced by SME as a result of COVID-19 pandemic's outburst are studied in the context of maintaining their economic security. It had been established that the impact of COVID-19 pandemic has a distinctive differential effect on certain sectors. The severity of financial turmoil varied throughout regions and sectors of economics, but generally forced the indexes of economic development to demonstrate negative dynamics. Following the economic crisis triggered by the pandemic, the service industry has suffered at most. The complexity of coordinating measures targeted at combating the spread of COVID-19 pandemic with economic development's priorities led to increase in threats hanging over the SME's economic safety. The authors summarize all of the factors in the picture influencing the productivity of small and medium enterprises' activities at the present time all over the world. The study identifies and explains the possibility of measures taken towards supporting enterprises and organizations, based on partnerships between businesses, government and civil society, and also lists recommendations for political measures, which might help the SME to maintain the level of economic security sustainable enough to navigate through the constantly changing environment. The scale of those measures taken against the negative effects of pandemic's economic consequences on small and medium enterprises' operation and development, implies the availability of target programs with financial support, infrastructural growth and professional consulting on the issues concerning SME, as well as supply of means proposed by digitization and technological progress. The measures introduced in the article may be insufficient to help small and medium enterprises survive the long-lasting crisis, however, may be sufficient for them to take time to adapt the activities of enterprises to the current conditions.

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