Small and medium businesses in Switzerland and multinational companies

2021 ◽  
pp. 772-786
Author(s):  
Olga Efimovna Trofimova
Keyword(s):  
Small And Medium Enterprises ◽  
Negative Influence ◽  
Bank Loans ◽  
Foreign Direct Investments ◽  
Tier System ◽  
Transnational Companies ◽  
Innovative Economy ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
Federal Center

The article gives a comparative study of the main elements of Swiss system of business — transnational corporations and small and medium companies (SMEs). Using the methods of statistical analysis, systematic and comparative approaches the author analyzes their role in country economy, modification of activities and changes of their positions in innovative spheres. The author examines the factors of attractiveness and preferences which have influenced the location of TNC headquarters in Switzerland and its new trends. Multinationals are a driving force for Switzerland`s economy development. Swiss multinationals are also leaders in foreign direct investments. The study shows special significance of small and medium enterprises for Swiss economy and exports, their contribution to innovations and R&D. Foreign trade provides the greatest impetus for SMEs growth. The author analyzes the process of internationalization of small and medium companies in specific conditions of small country and their support by different instruments in the framework of three-tier system of interaction (federal center — cantons — municipalities) including financial support and preferential taxation. The federal government supports SMEs in obtaining bank loans by funding loan guarantee cooperatives. As a result it was envisaged that transnational companies and SMEs cooperated in creating a competitive and innovative economy and cluster model in Switzerland. The author notes the negative influence of pandemia on Swiss economy and MNC and SME, but at the same time there are some signs of its recovery.

scholarly journals Alternative Financing of Small and Medium Businesses: Experience of Foreign Countries

2021 ◽  
Vol 2021 (1) ◽  
pp. 109-122
Author(s):  
Yuliya Pin'koveckaya
Keyword(s):  
Trade Credit ◽  
Small And Medium Enterprises ◽  
Bank Loans ◽  
Advantages And Disadvantages ◽  
Personal Finances ◽  
Business Structures ◽  
Crisis Conditions ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
National Economies

Small and medium enterprises play an important role in modern national economies. However, many of these enterprises experience difficulties in attracting the necessary investments for operation and further development. Personal finances are usually not enough to solve all problems, especially in crisis conditions. Bank loans are not available for most small and medium businesses because of small fixed assets, poor credit history, and incomplete reporting. As foreign experience shows, alternative forms and methods of obtaining the necessary funds can be an effective way to increase the financing of such enterprises. This review article examines the experience gained in recent years in using alternative financing. This experience is relevant for the current domestic entrepreneurship. Factoring, order financing, warehouse receipts, leasing, trade credit, and crowdfunding proved to be the main alternative financing tools. For each of these financial instruments, the article gives brief characteristics, advantages and disadvantages, requirements for regulatory support, and related types of activities. The research results can help entrepreneurs who have difficulties in financing their production and sale, especially beginners. The results obtained can be used by government authorities to form a policy to improve access of business structures to working capital and investment in Russia and its regions.

scholarly journals Emisiones sindicadas de obligaciones como alternativa de financiamiento para las PyME del sector metalmecánico en Guayaquil // Syndicated issues of obligations as a financing alternative for SMEs in the metalworking sector in Guayaquil

Ciencia Unemi ◽  
2017 ◽  
Vol 10 (22) ◽  
pp. 11-19
Author(s):  
Daniela Jácome Haz ◽  
Christian Morán Montalvo ◽  
Leslie Rodríguez-Valencia
Keyword(s):  
Stock Market ◽  
Small And Medium Enterprises ◽  
Descriptive Study ◽  
Bank Loans ◽  
Web Portals ◽  
Financial Instrument ◽  
Secondary Sources ◽  
Survey Technique ◽  
Medium Enterprises ◽  
Operational Scheme

Las participación de las pequeñas y medianas empresas  (PyMEs) dentro del mercado de valores, fue un objetivo casi inalcanzable, debido a que existían requisitos que en su mayoría no podían cumplirse. Mejía (2007), refiere que los obstáculos para ingresar al mercado de valores, son motivos por los cuales las PyMEs acudan al crédito tradicional como fuente de financiamiento. Es por esto que el presente trabajo tiene como objetivo desarrollar el esquema operativo de las emisiones sindicadas de obligaciones como instrumento financiero, para la PyMEs del sector metalmecánico en Guayaquil, Ecuador. Para cumplir con este objetivo se realizó un estudio descriptivo comparativo utilizando la técnica de encuestas; además, se hizo uso de fuentes secundarias como los portales de web, revisión bibliográfica, entre otros. De los hallazgos se identifica que las PyMEs se financiaban exclusivamente con proveedores, debido a la restricción de los créditos bancarios; sin embargo se ha reconocido otras formas de financiamiento como el mercado de valores de Ecuador. // The participation of Small and Medium Enterprises (SMEs) in the market, was a goal almost unattainable, because there are requirements to be met most of whom could not be fulfilled. Mejia (2007), points out that the obstacles to entering the stock market are the reasons why SMEs ask for traditional credit as a financing source. That is why this paper aims to develop the operational scheme of syndicated issues of obligations as a financial instrument for SMEs in the metalworking sector in Guayaquil, Ecuador. To achieve this objective, a comparative descriptive study was carried out using the survey technique; In addition, secondary sources such as web portals, bibliographic review, and others were used. The findings identify that SMEs were financed exclusively from suppliers, due to the restriction of bank loans; however, other forms of financing have been recognized, such as the Ecuadorian stock market.

scholarly journals PEMBINAAN USAHA KECIL MENENGAH DALAM PEMBUATAN SABUN COLEK DI TEMBESI TOWER KELURAHAN TEMBESI

2021 ◽  
Vol 3 (1) ◽  
pp. 93-102
Author(s):  
Hazimah Hazimah ◽  
Zefri Azharman
Keyword(s):  
Small And Medium Enterprises ◽  
New Product ◽  
Raw Material ◽  
Product Positioning ◽  
Service Activity ◽  
Chemical Content ◽  
Long Time ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
The Impact

UKM (small and medium enterprises) in the Tembesi Tower, Tembesi sub-district, are not developing well. This is indicated by the low turnover obtained by each UKM (small and medium enterprise) in 1 month. customer expectations. New products must be made so that these small and medium businesses can survive and continue to exist. The new product must have a distinctive and good quality so that the product positioning is clearer and able to compete with other products on the market. This service activity aims to provide a solution to this by creating a new product in the form of a dab soap that is safe for health and environmentally friendly. Some soaps circulating in the market only prioritize cleaning power, but the chemical content in the soap is harmful to health and the environment. The impact of conventional soap on health is irritation of the skin which, if left for a long time, the irritation will turn into eczema. In addition, conventional soap also harms the environment because the raw material for soap comes from petroleum which is difficult to be broken down by bacteria. Community service activities are carried out in the form of coaching. The service team expects to increase the income and advantages of UKM (small and medium businesses) in the Tembesi Tower and to be able to create jobs or open a business with a revolutionary cream soap product design.

scholarly journals THE ROLE OF SMALL AND MEDIUM-SIZED BUSINESSES IN THE SOCIO-ECONOMIC DEVELOPMENT OF COMPANY TOWNS

2014 ◽  
pp. 88-93
Author(s):  
E. V. Reznikova
Keyword(s):  
Economic Development ◽  
Small And Medium Enterprises ◽  
State Support ◽  
Company Towns ◽  
Socio Economic Development ◽  
Single Industry ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
Made In

The development of small and medium enterprises (SME) plays an important role in the comprehensive modernization of the economy of single-industry towns, acting as a factor of its growth and diversification. The analysis of the dynamics of the development of SME of non-diversified municipal formations and directions of its state support was made, suggestions on the monitoring organization of statistical factors of SME in single-industry towns and on the development of comprehensive investment plans on modernization of single-industry towns were made in a part of the development and support of small and medium businesses in single-industry towns.

scholarly journals The status of strategic planning in Small and Medium Enterprises: Priority of afterthought?

2012 ◽  
Vol 5 (1) ◽  
pp. 34 ◽  
Author(s):  
Corrinne Thompson ◽  
Maria Bounds ◽  
Geoff Goldman
Keyword(s):  
Strategic Management ◽  
Small And Medium Enterprises ◽  
Structured Interviews ◽  
Strategy Formulation ◽  
Strategy Formation ◽  
The Status ◽  
Qualitative Descriptive ◽  
The Difference ◽  
Medium Businesses ◽  
Medium Enterprises

<p>Small and medium enterprises (SMEs) are faced will many challenges, and the development of a sound strategy for the SME could define how these challenges are met which, in turn, could mean the difference between success or failure of the enterprise. If a sound strategy is major contributing factor to the success of a small business, but the evidence of sound strategic management (as taught in universities and business schools) is not present in successful SME’s, one could question the way strategic management is conceptualised. The study thus aims to gather a greater understanding of strategic management – and strategy formulation practices in particular – within SME’s. The study employed a qualitative, descriptive design with semi-structured interviews conducted with 12 SME owners in Gauteng. Findings reveal that the majority of participants were in favour of and supported the notion of having a strategy for small and medium enterprises, but none of them made reference to a formal process regarding strategy formation.</p><p><strong>Key words:</strong> Strategy; strategy formulation, small and medium businesses; planning; qualitative research</p>

scholarly journals Determinants of New Small and Medium Enterprises (SMEs) Access to Bank Credit: Case Study in the Phu Tho Province, Vietnam

2017 ◽  
Vol 12 (7) ◽  
pp. 83 ◽  
Author(s):  
Hung D. Pham
Keyword(s):  
Small And Medium Enterprises ◽  
Business Plan ◽  
Bank Loans ◽  
Government Support ◽  
Bank Loan ◽  
Credit Access ◽  
Business Plans ◽  
Explanatory Variables ◽  
Total Capital ◽  
Medium Enterprises

Small and medium-sized enterprises (SMEs) play a very important role in the Vietnamese economy. Specifically, new SMEs are seen as a suitable solution to cope with development issues such as poverty and a high unemployment rate. In Vietnam, a high SME failure rate is due to lack of capital and poor managerial experience of owners. Most existing research on SMEs focuses on well-established stages, and less attention is paid to new SMEs. This paper investigates the determinants of credit access by SMEs existing for less than forty-two months in the Phu Tho province located in Northern Vietnam. The quantitative data were collected from 259 SMEs in 2015. The regression analysis reveals that a business plan, the firm size, and networking (emotional trust, knowledge trust, and approachability) are the main drivers of access to bank loans by new SMEs. About 64% (165 observations) of new SMEs in our sample did not get any bank loan caused by high collateral requirements, unfavorable interest rate, poor business plans, limited networking, and lack of government support. The results also indicate that, among the selected explanatory variables, having a concrete business plan significantly affects the bank loan ratio (total bank loans over total capital). Based on these results, we derived political implications.

scholarly journals Designing the Initial Indicators to Implement the Concept of Sustainability Accounting in Small and Medium Enterprises: A Conceptual Approach

2019 ◽  
Author(s):  
Putu Sukma Kurniawan
Keyword(s):  
Business Process ◽  
Business Processes ◽  
Small And Medium Enterprises ◽  
Implementation Process ◽  
Conceptual Approach ◽  
Second Stage ◽  
Sustainability Accounting ◽  
Two Phases ◽  
Medium Businesses ◽  
Medium Enterprises

This research aims to design initial indicators for the implementation of the concept of sustainability accounting in small and medium enterprises. This study uses a qualitative paradigm. This study consisted of two phases, the first stage is the stage of collecting data using interviews, observation, and analysis of documents and the second stage is the stage of designing the application of the early indicators of sustainability accounting. The object of this research is the small and medium enterprises located in Buleleng Regency, Bali Province, Indonesia. The results showed that small and medium businesses have the ability to implement the concept of sustainability accounting in internal business processes. This research creates initial indicators to implementation process of sustainability accounting concept in small and medium enterprises business process and this indicators are important for the company’s stakeholders as a main reference in the context of implementation of sustainability accounting concept in small business organization.Keywords: initial indicators, sustainability accounting, small and medium enterprises, conceptual approach

scholarly journals SIG Lokasi UMKM Berbasis Android

2020 ◽  
Vol 2 (2) ◽  
pp. 52-59
Author(s):  
Moh Rizal Pakaya ◽  
Olha Musa ◽  
Jorry Karim ◽  
Syahrir Abdussamad
Keyword(s):  
Information Systems ◽  
Research And Development ◽  
Small And Medium Enterprises ◽  
Test Case ◽  
Development Method ◽  
The Public ◽  
Cyclomatic Complexity ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
G 14

Dinas Koperasi dan Usaha Mikro, Kecil dan Menengah Kabupaten Gorontalo sebagai unit pelaksana tugas daerah yang memiliki tugas untuk melakukan pembinaan dan pengembangan usaha mikro, kecil dan menengah di Kabupaten Gorontalo. Dalam melaksanakan tugas tersebut melakukan berbagai kegiatan salah satunya adalah melakukan pendataan usaha mikro, kecil dan menengah serta mensosialisasikan ke masyarakat. Dalam artikel ini, permasalahan yang timbul adalah belum tersedianya sistem informasi yang memadai kepada masyarakat tentang usaha mikro, kecil dan menengah sehingga masyarakat mengalami kesulitan mengetahui lokasi dari usaha kecil dan menengah. Tujuan dari artikel ini adalah merancang sistem informasi geografis untuk menentukan lokasi usaha mikro,  kecil dan menengah berbasis android yang dapat diakses oleh masyarakat sehingga dapat memudahkan masyarakat mengetahui lokasi dari usaha mikro, kecil dan menengah yang ada di Kabupaten Gorontalo dan dapat diakses oleh masyarakat yang membutuhkan layanan informsi secara global. Artikel ini menggunakan metode Research and Development atau yang  dikenal dengan metode penelitian dan pengembangan. Hasil pengujian dengan menggunakan test case membuktikan bahwa pengembangan sistem  informasi geografis untuk menentukan lokasi usaha mikro, kecil dan menengah berbasis android ini lebih efektif dan efisien dengan pengujian yaitu V (G)=  14 – 12 + 2 =  4; V (G) =  3 + 1 =  4; dan Cyclomatic Complexity (CC) = R1, R2, R3, R4 = 4.                   Kata Kunci: SIG, UMKM, Android                          The Office of Cooperatives and Micro, Small and Medium Enterprises in Gorontalo as a regional task implementing unit that has the task of developing and developing micro, small and medium businesses in Gorontalo Regency. In carrying out this task, a number of activities are carried out, one of which is collecting data on micro, small and medium enterprises and to socialize to the community. In this article, the challenge that arises is the unavailability of an adequate information system for the community about micro, small and medium enterprises so that people have difficulty understanding the location of small and medium businesses. The purpose of this article is to discuss geographic information systems to determine the location of android-based micro, small and medium businesses that can be accessed by the community so that it can make it easier for the public to find out the location of micro, small and medium businesses in Gorontalo District and can be accessed by people who need it global information services. This article uses the Research and Development method or what is known as the research and development method. The test results using test cases prove the development of information systems to determine the location of micro, small and medium businesses based on Android is more effective and efficient with testing namely V (G) = 14-12 + 2 = 4; V (G) = 3 + 1 = 4; and cyclomatic complexity (CC) = R1, R2, R3, R4 = 4.     Keywords: GIS, UMKM, Android

scholarly journals Micro and Macroeconomic Approaches Regarding Foreign Direct Investments Throughout Offshore Entities

2012 ◽  
Vol 3 (5) ◽  
pp. 180-183
Author(s):  
Alexandru Trifu
Keyword(s):  
Developing Countries ◽  
Small And Medium Enterprises ◽  
Free Market ◽  
Business Environment ◽  
The Other ◽  
Foreign Direct Investments ◽  
Global Business ◽  
National Budget ◽  
Offshore Industry ◽  
Medium Enterprises

Offshore companies represent a key-link of the current operations of the multinationals, banking institutions and, even, of the small and medium enterprises (SME) and are able to perform complicated tasks in a special business environment. These jurisdictional entities offer, mainly, fiscal benefits, comparative with other types of jurisdictional entities. The advantages are targeting the enterprises or companies which establish their social headquater, or to individuals who are resident in these territories. The final scope is represented by attracting the expanding companies, by attracting capital and stimulating the rise of the necessary activities to ensure economic and social balance, so desirable in the economic games of win-win type. Therefore, we are in the presence of fine plaition of micro approach with macroeconomic one. On the first side, the desire of transnationals to obtain profits with less efforts and investments and, on the other hand, globalization (influenced by these entities) pursuit the shrinkage of all markets and businesses all around the world, inclusive using the offshores centers (or ,,fiscal paradises”). These institutions of free market are actioning both on the developed and developing countries. The last ones are affected by the imposibility of tax collect to the national budget and in the infrastructure investments. At the same time, using offshore companies in offshore zones, the multinationals gain neloial competitive advantages over the other companies, unable to spread theirs economic power and influence. We may speak about a sound offshore industry , which has turned into global business and range of activities. We try to underline the importance of the general development process in the actual world and, first of all, the direct connection beteen investments and offshore activities, in the benefit of either parties. It is an organic liaison between investments and offshore entities, including transitional hard developing countries as Romania.

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