scholarly journals Advanced System of SME Financing in Market Economy

2019 ◽  
Vol 22 (s1) ◽  
pp. 15-23
Author(s):  
Jerzy Różański
Keyword(s):  
European Union ◽  
Life Cycle ◽  
Market Economy ◽  
Small And Medium Enterprises ◽  
Economic Globalization ◽  
Optimal Configuration ◽  
Innovative Products ◽  
Medium Enterprises ◽  
Advanced System ◽  
Sme Financing

Abstract Increasing competitiveness of small and medium enterprises, especially in the situation of growing economic globalization in the member countries of European Union and internationalization of activity of such enterprises, requires overcoming numerous obstacles the enterprises have to face. One of the most substantial of them is deficiency of means for the enterprises’ growth, particularly the means earmarked for innovative activity. This is mainly the consequence of lack of knowledge about how the enterprises could gain financial means from the alternative financing sources. This hinders establishing the optimal configuration of financing for an enterprise. Consequently, the purpose of the paper to improve enterprises’ access to external capital so as to be able to carry out the investments oriented towards strengthening of the enterprises and launching innovative products and services. The main result of research (sample of Polish SME) is preparing of advanced system of financing including alternative forms of financing of SME on each stages of their life cycle, connected with multicriteria forms of their assessment.

scholarly journals Global Warming Impacts Study of Tofu Products in Mampang Prapatan Small and Medium Enterprises with Life Cycle Assessment Methods

2019 ◽  
Author(s):  
Bayu Sukmana ◽  
Isti Surjandari ◽  
Muryanto . ◽  
Arief A. R. Setiawan ◽  
Edi Iswanto Wiloso
Keyword(s):  
Global Warming ◽  
Life Cycle Assessment ◽  
Life Cycle ◽  
Greenhouse Gas ◽  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Liquefied Petroleum Gas ◽  
Fuel Wood ◽  
Medium Enterprises ◽  
The Impact

Firstly global warming issue caused by greenhouse gas emissions (CO2) which comes from human activities. Along with increasing of daily need, that humans of activities food produce is also increase, include of tofu. Tofu is a traditional Indonesian specialty made from soybeans and used as a side dish. The purpose of this study was to determine the impact of global warming from tofu products on Mampang Prapatan's Small Tofu and Medium Enterprises. The method used in this study is the Life Cycle Assessment (LCA) method with the help of Simapro 8.4 software with a 1 kg tofu functional unit. The data collected in this study is the average data of tofu production for 3 months, namely January - March 2018. The LCA data in this study include the process of soybean cultivation, transportation processes for shipping soybeans, water, fuel wood, and electricity use. The limitations of this study are from cradle (soybean cultivation) to gate (tofu products).The results showed that UKM Mampang Prapatan has the potential impact of global warming with a value of 3.84 kg CO2-eq, while the value of global warming in the production process knows the scenario of wastewater treatment and the use of Liquefied Petroleum Gas (LPG) as fuel for boiling pulp 4.49 kg CO2-eq soybeans. Based on the results of this study, greenhouse gas (CO2) emissions are issued; the intervention that can be done is to optimize the use of raw materials for production to reduce the impact of CO2-eq kg global warming.

scholarly journals STRENGTHENING OF INNOVATIVENESS AND COMPETITIVENESS OF SMEs WITH EUROPEAN GRANT FUNDS / JAČANJE INOVATIVNOST I KONKURENTNOSTI MALIH I SREDNJIH PREDUZEĆA EVROPSKIM GRANT SREDSTVIMA

2017 ◽  
Vol 13 (1) ◽  
Author(s):  
Dalibor Drljača ◽  
Zoran Dimitrijević
Keyword(s):  
European Union ◽  
Small And Medium Enterprises ◽  
Global Market ◽  
Medium Enterprises

Horizont 2020 programme, used by European Union to fund aims from Innovation Union and EUROPE2020 strategies, enables small and medium enterprises (SME) to strengthen their innovativeness capacities and potential with main goal of putting innovation on market. SME Instrument is unique programme for funding of SMEs’ innovative actions aiming to strengthen their presence on global market and increase of competitiveness. Having in mind that in Europe more than 99% companies belong to SME category, and that BiH has paid participation in this programme, this means that domestic SMEs can apply for these funds. During 2014 were submitted over 6000 project proposals, but little over 500 were funded. This is telling us enough on interest of European SMEs for participation, but also about programme as ideal source of funds for realisation of innovative ideas.

scholarly journals The impact of innovation support programs on small and medium enterprises innovation in traditional manufacturing industries: An evaluation for seven European Union regions

2016 ◽  
Vol 34 (8) ◽  
pp. 1425-1452 ◽  
Author(s):  
Dragana Radicic ◽  
Geoffrey Pugh ◽  
Hugo Hollanders ◽  
René Wintjes ◽  
Jon Fairburn
Keyword(s):  
European Union ◽  
Manufacturing Industry ◽  
Small And Medium Enterprises ◽  
Public Investment ◽  
Support Programs ◽  
Wide Range ◽  
Traditional Manufacturing ◽  
Medium Enterprises ◽  
The Impact ◽  
Innovation Support

We evaluate the effect of innovation support programs on output innovation by small and medium enterprises in traditional manufacturing industry. This focus is motivated by a definition of traditional manufacturing industry that includes capacity for innovation, and by evidence of its continued importance in European Union employment. We conducted a survey in seven European Union regions to generate the data needed to estimate pre-published switching models by means of the copula approach, from which we derived treatment effects on a wide range of innovation outputs. We find that for participants the estimated effects of innovation support programs are positive, typically increasing the probability of innovation and of its commercial success by around 15%. Yet, we also find that a greater return on public investment could have been secured by supporting firms chosen at random from the population of innovating traditional sector small and medium enterprises. These findings indicate the effectiveness of innovation support programs while suggesting reform of their selection procedures.

Evaluating European Union support for innovation in Spanish small and medium enterprises

2009 ◽  
Vol 30 (5) ◽  
pp. 671-683 ◽  
Author(s):  
Ana M. Romero-Martínez ◽  
Marta Ortiz-de-Urbina-Criado ◽  
Domingo Ribeiro Soriano
Keyword(s):  
European Union ◽  
Small And Medium Enterprises ◽  
Support For Innovation ◽  
Union Support ◽  
Medium Enterprises

scholarly journals Problems and Prospects of SMEs Loan Management: A Study on Mercantile Bank Limited, Khulna Branch

1970 ◽  
Vol 5 (2) ◽  
pp. 38-52 ◽  
Author(s):  
SM Akterujjaman
Keyword(s):  
Economic Development ◽  
Industrial Production ◽  
Small And Medium Enterprises ◽  
Modern Technology ◽  
Financial Products ◽  
Doing Business ◽  
The World ◽  
Medium Enterprises ◽  
Formal Procedures ◽  
Sme Financing

SMEs all over the world have been playing a crucial role in promoting economic development as well as industrial production. SME financing has been identified as a major obstacle to SME growth. Unfortunately, the issue seems to be as unresolved as it always has been. Though the majority of the issues are with the SME themselves, the banks also have major issues in designing financial products for the SMEs. This study tries to find out the underlying problems from the bank’s perspective. The major findings are related to the high interest and loan duration rates, reasons for SMEs relatively informal way of doing business in contrast to bank’s formal procedures and prerequisites, bank’s relative inexperience in this field. They are also related to the bank’s lack of perspective, the viability and benefits of cluster unity, approach to informal loan takers and non-usage of modern technology and accounting procedures. The recommendations were provided based on the analysis and findings.Key words: Small and Medium Enterprises (SMEs); Financing; Loan; Technology; Cluster.DOI: http://dx.doi.org/10.3329/jbt.v5i2.9934  Journal of Business and Technology (Dhaka) Vol. 5(2), July-December, 2010 38-52

scholarly journals Forced Bank Mergers and SME Financing

2015 ◽  
Vol 1 (8) ◽  
pp. 30-36
Author(s):  
Ishak Ramli
Keyword(s):  
Central Bank ◽  
Small And Medium Enterprises ◽  
Financial Data ◽  
Bank Performance ◽  
Bank Mergers ◽  
Access To Finance ◽  
Before And After ◽  
Survival And Growth ◽  
Medium Enterprises ◽  
Sme Financing

Access to finance is one of the most significant challenges for the creation, survival and growth of small and medium enterprises (SMEs), especially, innovative ones. However, forced bank mergers by Central bank of Indonesia may hurdle SME financing and growth. Using the financial data of seven Indonesian bank mergers within 2004-2009, periods three years before and after the merger, this study examines whether bank mergers may hurdle SME financing and growth. The study concludes that bank mergers in Indonesia decreased SME crediting but increased bank performance and SME crediting no longer influenced bank performance either. Bank mergers hurdle SME financing and growth.

scholarly journals KEY ASPECTS OF USING NUMERICAL METHODS IN THE MECHANISM OF INVESTMENT OF SMALL AND MEDIUM-SIZED BUSINESS ENTERPRISES

2021 ◽  
Author(s):  
Hamaili Akram
Keyword(s):  
Life Cycle ◽  
Numerical Methods ◽  
Production Function ◽  
Small And Medium Enterprises ◽  
Cash Flows ◽  
Production Functions ◽  
Optimal Method ◽  
Probabilistic Values ◽  
Medium Enterprises ◽  
Key Aspects

In today's realities of investment activities, small and medium enterprises are faced with the dilemma of choosing areas of investment of monetary and non-monetary resources. Determining the feasibility of a particular investment is based on the use of appropriate mathematical apparatus and economic-mathematical models. The article considers some of the most important aspects of the use of numerical methods in the mechanism of investment of small and medium enterprises, developed on the basis of research on the development of such economic entities. The logical basis of the proposed methods is a proven division of the term of operation of enterprises into several stages of the life cycle, which differ significantly in the characteristics of incoming and outgoing cash flows. It is proposed to determine the absolute expediency of founding small and medium enterprises by calculating the probabilistic values of profitability of the enterprise based on the calculation of the area of geometric shapes limited by the functions of income and expenses during all stages of the life cycle. It is proved that such calculations are expedient by calculating the indefinite integral and applying the Newton-Leibniz formula.With regard to the functions that characterize the income and expenses of small and medium enterprises throughout their existence, the article proves that the most optimal in this case is the use of production functions. Among the whole set of existing production functions, we have identified the most optimal for the task Cobb-Douglas production function, CES production function, Linear production function, Leontief production function, adapted to the conditions of the microlevel. To calculate the elementary areas limited by the corresponding production functions, the article examines the relevant existing methods. Studies have been conducted on the possibility of using to calculate the areas limited by the production functions of income and expenses of small and medium enterprises during each stage of the life cycle, the methods of rectangles, trapezoids and parabolas. It is determined that they have limited conditions for use due to the need to divide the time period of operation of enterprises at intervals that do not coincide with the stages of the life cycle. Therefore, studies were continued, as a result of which it was proved that the most optimal method of calculating the elementary areas limited by the target functions of income and expenditure of small and medium enterprises is the Gaussian method with different variations.

scholarly journals Sistem Informasi Geografis Penyebaran Usaha Mikro Kecil Menengah (UMKM) di Kabupaten Majalengka

2020 ◽  
Vol 7 (5) ◽  
pp. 1029
Author(s):  
Muhammad Darul Husni Santoso ◽  
Ikbal Jamaludin ◽  
Evi Dewi Sri mulyani
Keyword(s):  
Information System ◽  
Life Cycle ◽  
Geographic Information System ◽  
Spatial Information ◽  
Small And Medium Enterprises ◽  
System Development ◽  
Geographic Information ◽  
Google Maps ◽  
Development Life Cycle ◽  
Medium Enterprises

<p class="Abstrak">Kabupaten Majalengka merupakan wilayah yang mengalami perkembangan pesat yang memiliki sumber daya alam yang beraneka ragam yang dapat diolah menjadi bentuk berbagai produk. Dengan berkembangnya Usaha Mikro Kecil Menengah (UMKM) di Kabupaten Majalengka dapat menggerakan perekonomian masyarakat, khususnya di sektor bawah, yaitu untuk usaha mikro kecil menengah. Pada saat ini, di Kabupaten Majalengka belum memiliki sistem yang mampu memberikan informasi yang ditampilkan secara spasial mengenai persebaran lokasi UMKM, dimana nantinya sistem ini bertujuan untuk memberikan informasi yang dapat dijadikan bahan pertimbangan yang tepat dalam menentukan kebijakan yang berkaitan dengan pertumbuhan Usaha Mikro Kecil Menengah (UMKM) di Kabupaten Majalengka, seperti pengadaan pelatihan usaha, pemberian modal usaha dan lain sebagainya. Maka dari itu untuk membantu mengawasi pertumbuhan UMKM tersebut, diperlukan adanya sebuah sistem yang berbasis geografis yang dapat memberikan informasi lokasi  pertumbuhan UMKM secara spasial bagi Dinas terkait, yang direpresentasikan dengan sistem koordinat ditunjukan melalui penyimpanan titik <em>longitude</em> <em>(long)</em> dan <em>latitude</em> <em>(lat) </em> dalam <em>database </em>pada setiap lokasinya sebagai dasar pertimbangan dalam menentukan kebijakan Pemerintah di Kabupaten Majalengka. Pada penelitian ini, metode yang digunakan dalam pembangunan sistem ini menggunakan <em>System Development Life Cycle (SDLC</em>)<em>, </em>sistem ini akan dirancang dengan berbasis Web Geographic Information System (<em>WebGIS</em>) yang  menggunakan fasilitas dari Google Maps dan sistem ini diuji dengan menggunakan metode <em>blackbox. </em>Dengan dibangunnya sistem ini, maka informasi mengenai titik lokasi serta data UMKM yang sesuai dengan kegiatan usahanya dapat ditampilkan. Hasil penelitian ini berupa sistem informasi geografis, dimana sistem ini dapat memberikan informasi kepada Dinas Koperasi dan UMKM di Kabupaten Majalengka mengenai informasi lokasi penyebaran UMKM secara spasial yang dapat membantu dalam pengelolaan dan pengawasan terhadap pertumbuhan usaha berdasarkan lokasi dan jenis UMKM tersebut<em>.</em></p><p class="Abstrak"> </p><p class="Abstrak"><em><strong>Abstract</strong></em></p><p class="Abstract"><em>Majalengka Regency is a region that is experiencing rapid development that has diverse natural resources that can be processed into various forms of products. With the development of Micro, Small and Medium Enterprises (MSMEs) in Majalengka Regency, it can move the community's economy, especially in the lower sector, namely for micro small and medium businesses. At present, Majalengka Regency does not yet have a system capable of providing information that is displayed spatially about the distribution of MSME locations, where later this system aims to provide information that can be used as appropriate consideration in determining policies relating to the growth of Micro, Small and Medium Enterprises ( MSMEs) in Majalengka Regency, such as procurement of business training, provision of venture capital and so on. Therefore to help oversee the growth of MSMEs, a geographic based system is needed that can provide spatial information on MSME growth locations for the relevant Dinas, represented by a coordinate system shown through storing longitude and latitude points at each location as a basis for consideration in determining Government policy in Majalengka Regency. In this study, the method used in the construction of this system uses the System Development Life Cycle (SDLC), this system will be designed with a Web-based Geographic Information System (WebGIS) that uses facilities from Google Maps and the system is tested using the blackbox method. With the construction of this system, information about the location points as well as MSME data in accordance with their business activities can be displayed. The results of this study are in the form of a geographic information system, in which this system can provide information to the Cooperative and MSME Service Offices in Majalengka Regency regarding spatial information on MSME distribution locations that can assist in the management and supervision of business growth based on the location and type of MSME.</em></p><p class="Abstrak"><em><strong><br /></strong></em></p>

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