THEORETICAL AND METHODOLOGICAL PRINCIPLES OF FORMATION AND ESTIMATION OF THE FINANCIAL POTENTIAL OF SMALL ENTERPRISES' INVESTMENT ACTIVITY

2017 ◽  
Author(s):  
Ruslan Yurkiv ◽  
Keyword(s):  
Small Businesses ◽  
High Rate ◽  
Small Enterprises ◽  
Investment Activity ◽  
Investment Projects ◽  
Factors Influencing ◽  
Business Entities ◽  
Methodological Principles ◽  
Negative Factors

In many countries, small businesses have a significant impact on the total gross domestic product. However, in Ukraine, the opportunities of small businesses to ensure the economic growth of the state are not sufficiently used yet. Among the reasons for this phenomenon is the insufficiently high rate of economic development of domestic small businesses, which, among other things, is due to the low level of investment activity of many small enterprises in Ukraine. In turn, the low volume of investment activity of such enterprises is also because the owners and managers of these enterprises are not competent enough to form and assess the financial potential of investment activities of business entities. Given this, the study aims to develop theoretical and methodological principles for the formation and evaluation of the financial potential of small enterprises’ investment activities. The economic content of the concept of the strategy of formation of the financial potential of small enterprises' investment activity is considered. Classification of factors influencing the magnitude of this potential has been developed. In particular, the primary and secondary, deterministic and non-deterministic, positive and negative factors that are directly or indirectly involved in the formation of the financial potential of small enterprises’ investment activities are highlighted. It is established that the process of such formation involves the transition from the existing to the strategic financial potential of investment activities of economic entities. The main ways of such transition are identified. Indicators for assessing the existing and strategic financial potential of investment activities of small enterprises are proposed. The connection between these indicators is established, and we perform their decomposition. In particular, the amount of the available financial potential of the business entity is presented as the sum of the opportunities to use the company's own funds, as well as obtaining loans and borrowed funds to finance investment projects. The results of the study can be used in planning the investment activities of small enterprises, in particular, in justifying the rational parameters of financial support for these activities.

Small Industry, Gimmicks and Moscow Statistics, or How the Small Russian Enterprise Came into the World (Russian Physiological Sketch, 1830-1840)

2009 ◽  
pp. 123-129
Author(s):  
Yu. Golubitsky
Keyword(s):  
Small Businesses ◽  
Statistical Data ◽  
Russian Enterprise ◽  
Small Enterprises ◽  
Business Practices ◽  
Way Of Life ◽  
The World ◽  
Small Industry ◽  
Xix Century

The article considers business practices of Moscow small industry in the XIX century, basing upon physiological sketches of N. Polevoy and I. Kokorev, statistical data and the classification of professions are also presented. The author claims that the heroes of the analyzed sketches are the forefathers of Moscow small businesses and shows what a deep similarity their occupations and a way of life bear to the present-day routine existence of small enterprises.

Assessment of small businesses activities in Ukraine

2019 ◽  
pp. 40-47
Author(s):  
Igor Ponomarenko ◽  
Kateryna Volovnenko
Keyword(s):  
Comparative Analysis ◽  
Statistical Analysis ◽  
Small Business ◽  
Small Businesses ◽  
Government Agencies ◽  
Small Enterprises ◽  
The Subject ◽  
Business Entities ◽  
The Impact ◽  
Micro Enterprises

The subject of the research is a set of approaches to the statistical analysis ofthe activities of small business entities in Ukraine, including micro-enterprises. The purpose of writing this article is to study of the features of functioningof small business entities in Ukraine. Methodology. The research methodology isto use a system-structural and comparative analysis (to study the change in thenumber of small enterprises by major components); monographic (when studyingmethods of statistical analysis of small businesses); economic analysis (when assessing the impact of small business entities on socio-economic phenomena andprocesses in Ukraine). The scientific novelty consists to determine the features ofthe functioning of small businesses in Ukraine in modern conditions. The influenceof the activities of the main socio-economic and political indicators on the activities of small enterprises in recent periods of time has been identified. It has beenestablished that there is flexibility in the development of strategies by small businesses in conditions of significant competition, which makes it possible to quicklyrespond to changing situations in specific markets. Conclusions. The use of acomprehensive statistical analysis of small businesses functioning in Ukraine willallow government agencies to develop a set of measures to optimize the activitiesof these enterprises, which ultimately will positively affect the strengthening oftheir competitiveness and will contribute to the growth of the national economicsystem.

Real options in business valuation and investment

2018 ◽  
Author(s):  
Андрей Гусев ◽  
Andrey Gusev
Keyword(s):  
Graduate Students ◽  
Real Options ◽  
Scientific Publication ◽  
Investment Analysis ◽  
Investment Activity ◽  
Business Valuation ◽  
Investment Projects ◽  
University Teachers ◽  
Specific Calculations

In the presented monograph discusses the major problems associated with the development of methods of investment analysis and application of real options method in the assessment of efficiency of investment projects and valuation of enterprise (business). Disclosed the content of the basic models of evaluation of real options, a classification of real options, the theoretical principles supported by specific calculations. Scientific publication intended for graduate students, University teachers, scientific employees, specializing in the field of management of investment activity of enterprises and business valuation.

scholarly journals Features of the Integration of Small Entrepreneurship into the National Economical Structure in the Current Context

2019 ◽  
Vol 29 (3) ◽  
pp. 444-452
Author(s):  
Igor Korodyuk ◽  
Mikhail Solodkov ◽  
Alina Borisova
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Global Economy ◽  
Small Enterprises ◽  
Positive Trend ◽  
Small Companies ◽  
Economic Activities ◽  
Business System ◽  
Current Context ◽  
Business Entities

The article considers the role of small business in terms of the present-day global economy and analyses the problems of identifying an optimal correlation between small and large businesses in the open-type economic systems. The authors describe the features of small enterprises in performing economic activities and substantiate the necessity and expediency of cooperation between large and small companies in the field of technological innovations. Foreign experience has proved the effectiveness and perspectiveness of incorporating of small businesses in the activities of large companies, one of the components of country's successful economic development as a whole. However, despite the emerging positive trend, this area is still not given due attention in Russia. The authors investigate the historical features of the Russian small business system that have left a mark on its interrelations with large business entities and bring up an issue of the necessity of mastering the state support of the small business sector in our country and pay a sufficiently more attention to the issues of cooperation and mutual support of small and large businesses.

scholarly journals The Role of Social Commerce in the Development of Small Business in Russia

2021 ◽  
Vol 7 (1) ◽  
pp. 350-356
Author(s):  
M. Simakina
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Internet Marketing ◽  
Small Enterprises ◽  
Social Commerce ◽  
Factors Influencing ◽  
Marketing Activities ◽  
The Many ◽  
Definition Of

The article examines the features of marketing activities of Russian small enterprises. Special attention is paid to the use of low-budget and Internet marketing tools by small businesses, as well as the role of small businesses in the development of the e-economy. Among the many e-commerce tools, a tool called “social commerce” stands out. The definition of this phenomenon is given, the conditions and principles of its implementation, the factors influencing its development are described. On the example of Russian small enterprises, the features of the use of social commerce in modern conditions are determined.

System Analysis of Small Business: Structure Heterogeneity and Sustainability

2020 ◽  
pp. 83-99
Author(s):  
Natalia E. Egorova ◽  
Ekaterina A. Koroleva
Keyword(s):  
Life Cycle ◽  
Small Business ◽  
Small Businesses ◽  
Small Firms ◽  
System Analysis ◽  
Small Enterprises ◽  
Mesoscale System ◽  
Structure Heterogeneity ◽  
Methodological Principles ◽  
The Stability

The article provides system analysis of small business. The paper presents quantitative indicators of the development of the subjects of Russian small business contained in various statistical databases (Rosstat, Federal Tax Service), reveals the incompatibility of the data, which complicates the analysis of the considered sector of the national economy. It is concluded that the scale of development of small business is insufficient, which does not allow for the full implementation of its inherent functions. The necessity of supplementing the quantitative approach with a qualitative analysis of small business as a mesoscale system has been substantiated. The concept of heterogeneity of its structure is introduced, characterized by the presence of a triad of categories (“kids”, “genetic dwarfs”, “transformers”) and a triad of subcategories (“travelers”, “reorganizers”, “imago”) that determine the composition of “transformers”. Their system functions have been studied and it was concluded that the relationship between them, on one hand, determines the systemic stability of small business, and on the other hand, creates a “portrait” of small business in a particular state. Based on the proposed methodological principles, the specificity of the Russian small business model has been formulated, namely that the SME sector is currently not able to be the basis of a market economy, and the model itself is structurally unbalanced. Its distinguishing features include a low share of innovative oriented enterprises comprising “kids” and “dwarfs”, a significant number of small firms working in economic symbiosis with large enterprises, a relatively short life cycle of all categories of small businesses, a high share of imago and retiring due to the loss-making of small enterprises etc. The specifics of the implementation of micro-level development strategies of various categories of small enterprises is the use of credit resources of banks, increasing the stability of their functioning (including increasing their life cycle) have been considered. The necessity of a differentiated approach to the implementation of the mesoscale strategy of state support of small businesses has been substantiated. The conclusion has drawn on the importance of transforming the existing infrastructure to support Russian small business, and in particular – the importance of the role of state aid in times of crisis. Supporting measures for small enterprises in the context of the corona-virus pandemic in Russia and in foreign countries have been considered.

TRENDS OF DEVELOPMENT OF BANKING SMALL BUSINESS CREDIT

2015 ◽  
Vol 4 (4) ◽  
pp. 107-111
Author(s):  
Плахова ◽  
Marina Plakhova ◽  
Долганова ◽  
Elena Dolganova
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Bank Lending ◽  
Business Environment ◽  
Equity Capital ◽  
Small Enterprises ◽  
Resource Base ◽  
Stage Of Development ◽  
The Russian Federation

The article provides the analysis of the current business environment in the country, a classification of the factors hampering the development of small business; the ways to adapt foreign experience of development of crediting of small business in the Russian conditions are presented. At present stage of development of small enterprises their activity is complicated by a number of problems, among which the problem of insufficiency of own financial resources deserves special attention and the difficulty of borrowing, which reduces the effectiveness and impact of the activity of small enterprises. To identify the key small business lending trends in banks the study was conducted, which resulted in the conclusion that for the expansion of the volume of bank lending to small businesses in the Orel region and Russia it is necessary to increase the resource base of credit institutions (including the growth rate of equity capital) and investment attractiveness of lending. So the article identified the key trends in the development of bank lending to small businesses in the region and in the Russian Federation.

scholarly journals On a New Approach to Formation of a Strategy of Developing Small Businesses

2019 ◽  
Vol 29 (3) ◽  
pp. 484-490
Author(s):  
Boris Turenko ◽  
Tatyana Turenko
Keyword(s):  
Development Strategy ◽  
Small Businesses ◽  
Point Of View ◽  
Small Enterprises ◽  
Financial Strategy ◽  
Strategy Formation ◽  
New Approach ◽  
Points Of View ◽  
Further Development

An enterprise operating in terms of market economy must always set itself the task of further development and improvement in order to be successful and competitive. To solve this problem, it is necessary to produce a development strategy. This problem is all the more relevant for small enterprises, which find it more difficult than large enterprises to survive in the competition. Therefore, small businesses face the task of developing and implementing such a strategy for their development, which allows them to clearly define their goals and outline the ways to achieve them. The article considers various points of view on the concept of «strategy», the classification of strategies that exist in the scientific literature, including those applied to small businesses, brings forth the authors' point of view on this concept. It pays a particular attention to the proposed approach to the process of strategy formation and the mechanism of its implementation in relation to small businesses. It makes a conclusion that on the basis of the systematic approach the strategy under development should be comprehensive and include such elements as marketing, product, production, personnel, management, financial strategy and risk strategies. It brings forth a description of the content of each element. It examines an algorithm for developing an integrated strategy for development of small businesses, as well as a mechanism for implementing the strategy.

scholarly journals Competitiveness of Small Enterprises in the Modern Economy

2019 ◽  
Vol 7 (14) ◽  
Author(s):  
Iuliia Er. Dudnieva ◽  
Olha Ol. Kovalenko
Keyword(s):  
Economic Development ◽  
Small Businesses ◽  
External Environment ◽  
Business Environment ◽  
Small Enterprises ◽  
Advantages And Disadvantages ◽  
Modern Economy ◽  
Socio Economic Development ◽  
Business Entities

The article considers the place and role of small enterprises in the economic system, their impact on socio-economic development based on the functions that small business entities implement. The aim of the research is to study the preconditions for the competitiveness of small enterprises in the modern economy, to determine the advantages and disadvantages of small businesses taking into account the characteristics of the external environment. The authors examined the main trends in the development of the world economy, which are factors influencing the functioning of small enterprises, namely the participation of small businesses in global competition, the complexity of management systems of small enterprises, the general informatization of the economy, the emergence of highly specialized market niches, etc. It is proved that the competitiveness of small businesses is based on the negative “economies of scale” and relative competitive advantages in ensuring adaptation to changes in the business environment, customer focus, and low transaction costs. The basic economic, technological and social factors affecting the competitiveness of small businesses are identified.  The advantages and disadvantages of small enterprises in Ukraine are formulated. As one of the main disadvantages, the shortage of various resources that small enterprises encounter is highlighted, this is why it is effective cooperation with external contractors to overcome resource constraints that is considered as the main factor influencing the results of operations. The competitiveness of a small enterprise is largely determined by its competencies in interaction with the subjects of the external environment. To study the trends and prospects for the development of small enterprises in Ukraine, the authors analyzed the main indicators of the activities of business entities using official statistical information. The share provided by small enterprises in the results of socio-economic development of the country is calculated.  Conclusions are made regarding the place and role of small enterprises, their development trends, problems are identified that require attention from the state, and further scientific and practical solutions.

scholarly journals STRUCTURAL DECOMPOSING OF INNOVATIONS AND INVESTMENTS PROJECTS

2019 ◽  
pp. 80-87
Author(s):  
S. V. Firova ◽  
O. V. Kalinina ◽  
S. E. Barykin
Keyword(s):  
Conceptual Framework ◽  
Open Innovation ◽  
Business Models ◽  
Rate Of Return ◽  
Investment Projects ◽  
Factors Influencing ◽  
Systemic Nature

The article is devoted to the study of the process of investing and planning innovative projects. A systematization of a variety of factors influencing business models and investment aspects of innovative investment projects in their stepwise (iterative) reflection is given. Specialattention is given to the classification of innovations, a matrix of types of innovations has been developed in the process of analysis. A conceptual framework for structuring innovation and investment activities has been proposed with the goal of generalized systematization of the stages and factors of structuring innovation and investment projects. The thesis on the systemic nature of open innovation is argued and principles for evaluating the effectiveness of innovative investment projects are proposed. In the course of the study, a model for the distribution of investment sources was developed, taking into account the planned rate of return.

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