SMALL AND MEDIUM ENTREPRENEURSHIP IN ADVANCED ECONOMIES. MAIN TENDENCIES OF THE DEVELOPMENT

Small Business Administration ◽

Small Enterprises ◽

Russian Society ◽

Doing Business ◽

Advanced Economies ◽

In the article a detailed analysis of the small and medium entrepreneurship in the world economy is conducted. The objective reasons for the growth of the small and medium enterprises in the postindustrial society and the influence it realizes on the improvement of the competitiveness of the advanced economies are shown. On the basis of the vast statistical material is proved, that, as a rule, in the countries of the high socio-economic development the small entrepreneurship is effectively stimulated by the public structures. In the article the role of some methods of financial support for small and medium enterprises by the example of the certain countries is studied in details. Special attention is paid to the financial support of the small enterprises in New Zealand since it is the country that has been ranked first for a number of years in the “Doing Business” rating. Special attention in the article is paid to the US experience, because just this country for the researchers as well as for the practitioners is a role model in the field of the small entrepreneurship support. Special place is given to the analysis of the SBA (Small Business Administration) activity – organization, playing a key role in the functioning of small business in USA. In the article on the basis of the information presented the conclusions are made what methods of the small business stimulation could be realized in the Russian society.

International Journal of Innovative Technology and Exploring Engineering - Special Issue ◽

Growth of Pradhan Mantri Mudra Yojna (Pmmy) in Haryana State

10.35940/ijitee.k1939.1081219 ◽

2019 ◽

Vol 8 (12) ◽

pp. 2957-2960

Keyword(s):

Developing Countries ◽

Financial Support ◽

Financial Inclusion ◽

Small Scale ◽

Poor People ◽

Small Enterprises ◽

Micro And Small Enterprises ◽

Small scale businesses are the source of livelihood for people in India. People depend upon organised as well as unorganised sector for their loan, but most of the businesses depend upon unorganised sector loan. The unorganised sector loan is very unplanned and creating problem for poor people to fall in debts. For developing countries like India the unorganised sector plays a important role for developing businesses. In 2015 government of India launched Pradhan Mantri Mudra Yojna known as Mudra for developing micro and small enterprises. Pradhan Mantri Mudra Yojna is providing financial support and important schemes of financial inclusion. Under this inclusive scheme, one can take loan upto Rs.10 lakh to in initiate their business. This paper highlights on the development of Mudra yojna in Haryana state for developing small and medium enterprises also focuses on product offered by banks to enterprises for developing weaker sections of the society especially priority sector.

FEATURES OF FUNCTIONING OF SMALL BUSINESS IN UKRAINE AND ABROAD

Scientific Notes of Ostroh Academy National University Series Economics ◽

10.25264/2311-5149-2021-22(50)-11-16 ◽

2021 ◽

Vol 1 (22(50)) ◽

pp. 11-16

Author(s):

Olha Demianchuk ◽

Kateryna Zhuk

Keyword(s):

Small Business ◽

Small Businesses ◽

Developed Countries ◽

Small Enterprises ◽

The Sustainable Development ◽

High Level ◽

Medium Enterprises ◽

Favorable Conditions ◽

The Impact

The article investigates the problems and features of small business functioning in Ukraine and abroad. The importance of small enterprises in the economies of developed countries and the impact on their competitiveness in the context of today's coronacrisis has been analyzed. The criteria for dividing all enterprises into small, medium and large in Ukraine and their comparison with foreign practice are indicated. The "Rating of obstacles" for the development of small and medium enterprises in Ukraine is indicated. The authors identified the factors that negatively affect the continuous functioning of small business and hinder its development. The development of the small business sector and the maintenance of a high level of competition is a key step towards ensuring the sustainable development of the national economy. Small business also contributes to the restructuring of the state, increasing production, creating new jobs and introducing innovative technologies in areas where large business would not be so effective. However, the path to starting a small business is uneven, with many pitfalls and obstacles to jump. Accordingly, the governments of most countries are obliged to support small businesses in any way to protect the economy as a whole. So, in order for small and medium-sized businesses to develop gradually, they desperately need clear and understandable rules of the game in today's market, as well as favorable conditions for uninterrupted operation. To this end, it is necessary to formulate a clear unified state policy on small business, using international experience.

Supporting Small and Medium Enterpries to Access Technological Innovation State Fund: International Experience and Lessons for Vietnam

VNU Journal of Science Economics and Business ◽

10.25073/2588-1108/vnueab.4141 ◽

2018 ◽

Vol 34 (1) ◽

Author(s):

Huong Vu Thanh ◽

Thu Anh Nguyen ◽

Mai Thi Thanh Nguyen

Keyword(s):

Developing Countries ◽

Technological Innovation ◽

Financial Support ◽

Technology Innovation ◽

International Experience ◽

Advanced Technologies ◽

Medium Enterprises ◽

Developed Nations ◽

State Fund

Technological innovation state funds supporting small and medium enterprises (SMEs) are not common in the developing countries like Vietnam, but are common in the developed nations like the European countries and Korea. The financial and non-financial support of these funds has contributed significantly to the development of many SMEs. Learning from the funds which have successfully facilitated SMEs in innovating and developing advanced technologies is meaningful to the Vietnamese sicence and techonology management bodies and state funds. This article will review the experience of some typical fund in supporting SMEs, thereby providing some lessons for technology innovation Funds of Vietnam to create a more favorable environment for SMEs to access funds.

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

JURNAL HUKUM DAN PERADILAN ◽

10.25216/jhp.9.2.2020.298-313 ◽

2020 ◽

Vol 9 (2) ◽

pp. 298

Author(s):

Muhamad Marwan

Keyword(s):

Financial Support ◽

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.

Analysis of Major Problems Faced by Small Firms in North India

International Journal of Engineering Research in Africa ◽

10.4028/www.scientific.net/jera.15.150 ◽

2015 ◽

Vol 15 ◽

pp. 150-160

Author(s):

Davinder Singh ◽

Jaimal Singh Khamba ◽

Tarun Nanda

Keyword(s):

Economic Growth ◽

Developing Countries ◽

Economic Development ◽

Small Firms ◽

Developed Countries ◽

North India ◽

Small Enterprises ◽

Employment Generation ◽

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

Revisiting presenteeism to broaden its conceptualization: A qualitative study

Work ◽

10.3233/wor-213591 ◽

2021 ◽

pp. 1-13

Author(s):

Mouna Knani ◽

Pierre-Sébastien Fournier ◽

Caroline Biron

Keyword(s):

Work Environment ◽

Methodological Approach ◽

Individual Characteristics ◽

Small Enterprises ◽

Structured Interviews ◽

Depth Analysis ◽

Holistic Interpretation ◽

Medium Enterprises ◽

Negative Factors

BACKGROUND: Presenteeism is generally viewed as a symptom of organizational or individual dysfunction and is rarely considered as a behavioral response to positive triggering factors. Our study examines this issue in small enterprises (SEs), which are an unexplored environment in terms of presenteeism. OBJECTIVE: Through in-depth analysis, this study aims to understand the positive and negative factors that impact presenteeism in the context of small and medium enterprises (SMEs), with a particular focus on SEs. METHODS: We adopt a qualitative methodological approach in which we conducted 17 semi-structured interviews with employees and owner-managers of SEs with between 20 and 49 employees. RESULTS: Our thematic analysis shows that presenteeism can be explained by factors related to pressure to attend work, by individuals’ constraints and commitment, by organizational and individual characteristics and by a congenial work environment. Presenteeism can also be a type of “therapy” which helps individuals to avoid focusing on being sick and enables them to stay active and avoid social isolation. CONCLUSIONS: Our study differs from earlier research by providing a more in-depth analysis of the positive and negative factors that trigger presenteeism. This article will help to expand the current theoretical knowledge about presenteeism and encourage a more holistic interpretation of the phenomenon.

Small business and its place in promoting sustainable development

E3S Web of Conferences ◽

10.1051/e3sconf/202125006007 ◽

2021 ◽

Vol 250 ◽

pp. 06007

Author(s):

Elena Korneeva ◽

Natalia Skornichenko ◽

Tatiana Oruch

Keyword(s):

Climate Change ◽

Sustainable Development ◽

Small Business ◽

Social Life ◽

Global Climate ◽

Global Changes ◽

The Sustainable Development ◽

Development Goals ◽

Sustainable development is becoming a very important issue in the 21st century. Facing global changes such as the global warming, global climate change, as well as other pressing issue, all spheres of economy and social life need to take part in mitigating them and preventing disasters from happening. Our article studies the role of the small business in the above processes and the place of the small business in promoting sustainable development through its actions, public and social awareness and responsibility. We show how even small and medium enterprises can become a decisive power in tackling the climate change and promoting green thinking and sustainable awareness. This can be achieved through enhancing social responsibility of business companies which can greatly contribute to supporting the Sustainable Development Goals (SDG) and promoting sustainable economic growth.

Pathways to Local Partnerships in a Semi-Rural Setting: A Qualitative Study of Community Engagement and Employer-Supported Volunteering in Small and Medium Enterprises and Local Nonprofits

Canadian journal of nonprofit and social economy research ◽

10.29173/cjnser.2021v12n1a385 ◽

2021 ◽

Vol 12 (1) ◽

Author(s):

Myriam Gagnon ◽

Myriam Beaudry ◽

Louise Lemyre ◽

Alexandra Guay-Charette

Keyword(s):

Community Engagement ◽

Integrated System ◽

Rural Setting ◽

Small Enterprises ◽

Structured Interviews ◽

Inclusive Approach ◽

Medium Enterprises ◽

Local Partnerships ◽

Petites Entreprises

There remains a knowledge gap regarding the factors that drive the development of business-nonprofit partnerships in the context of employer-supported volunteering—especially in small and medium enterprises. Furthermore, there is a need to consider how enterprises operate in their cultural contexts to better understand how they support volunteering trends in Canada. This study aimed to improve understanding of the multi-level factors that foster the development of business-nonprofit partnerships in the context of employer-supported volunteering. Fifteen semi-structured interviews were conducted with community and small business actors in a semi-rural setting in Francophone Québec. Results challenged the traditional view of volunteer support as a distinct activity, showing an integrated system of inter-dependence. Results suggest the relevance of conceptualizing small enterprises’ support of volunteering as part of an inclusive approach to community engagement. RÉSUMÉLes facteurs liés au développement de partenariats entre entreprises et OBNL dans le contexte du bénévolat appuyé par l’employeur sont méconnus – particulièrement au sein des petites et moyennes entreprises. Il est également pertinent de considérer le contexte culturel pour mieux comprendre les tendances canadiennes du bénévolat appuyé par l’employeur. Cette étude vise l’obtention d’une meilleure compréhension des facteurs multiniveaux associés au développement de partenariats entreprises-OBNL dans le contexte du soutien au bénévolat. Quinze entretiens semistructurés ont été effectués auprès d’acteurs du secteur communautaire et des petites entreprises dans un milieu semi-rural francophone-québécois. Les résultats repositionnent la notion d’activités distinctes et témoignent plutôt d’un système intégré d’interdépendances. Les résultats suggèrent de conceptualiser le soutien au bénévolat des petites entreprises au sein d’une approche inclusive d’engagement communautaire.

Зборник радова Економског факултета у Источном Сарајеву ◽

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

10.7251/zrefis1510089s ◽

2015 ◽

Vol 1 (10) ◽

pp. 89

Author(s):

Boban Sašić

Keyword(s):

Financial Support ◽

Growth And Development ◽

Quantitative Research ◽

Research Problem ◽

Business Activity ◽

Financial Instruments ◽

Business Climate ◽

The Republic ◽

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.

The Development of Digital in the Covid-19 Pandemic

10.31219/osf.io/djrn6 ◽

2021 ◽

Author(s):

Maria Digna R. Nahak

Keyword(s):

Raw Materials ◽

Asian Development Bank ◽

Small Enterprises ◽

Domestic Economy ◽

Development Bank ◽

Micro And Small Enterprises ◽

Medium Enterprises ◽

Almost All ◽

The Impact

The global Covid-19 pandemic that has plagued all countries of the world has affect all sectors of people's lives. In Indonesia, almost all sectors experience impacts, especially the economic ecosystem which has been become the focus of society. Furthermore, the Covid-19 pandemic has made the slowdown in the economic sector in Indonesia with its various derivatives. The Micro, Small and Medium Enterprises (MSME) sector which is part of the most important sector of the economy is very important feel. This is what worried by all parties, because it has made the MSME sector experienced a significant decline. Moreover, currently many MSMEs are experiencing various problems such as: decrease in sales, capital, hampered distribution, difficulty in raw materials, decreased production and the occurrence of many layoffs for workers and hunting which later became a threat to the national economy. MSMEs as a driver of the domestic economy and a middle labor absorber face a decline in productivity which results in a decrease in profits significant. Even based on the related Asian Development Bank (ADB) survey, the impact of the pandemic on MSMEs in Indonesia, 88% of micro businesses run out of cash or savings, and more than 60% of these micro and small enterprises have reduced their workforce work.