Financial Logistics of Small and Medium Sized Enterprises

Main Idea ◽

Regional Disparities ◽

Financial Resources ◽

Financial Systems ◽

Alternative Sources ◽

Medium Enterprises ◽

Effective Use

The aim of this paper is to focus on the issue of financial logistics within conditions of small and medium enterprises, especially by gaining and using of financial resources by companies in selected regions in Slovak Republic.The main idea of this paper is to define possible recommendations and ideas based on the acquired knowledge for more effective use of supporting financial systems for SMEs. The aim is to eliminate regional disparities on selected area as well as possibility of using alternative sources of financing SMEs.

DIGITAL DIVIDE OF SMALL AND MEDIUM-SIZED ENTERPRISES: AN ANALYSIS OF INFLUENCING FACTORS USING THE TOE THEORY

RAM Revista de Administração Mackenzie ◽

10.1590/1678-69712017/administracao.v18n2p15-48 ◽

2017 ◽

Vol 18 (2) ◽

pp. 15-48 ◽

Cited By ~ 2

Author(s):

CESAR ALEXANDRE DE SOUZA ◽

ÉRICA SOUZA SIQUEIRA ◽

NICOLAU REINHARD

Keyword(s):

Digital Divide ◽

Mortality Rates ◽

Structural Equations ◽

Second Order ◽

Adoption Model ◽

Medium Enterprises ◽

Effective Use ◽

Methodological Aspects ◽

Linear Regressions

ABSTRACT Purpose: This study describes the phenomenon of digital divide in small and medium enterprises in Brazil by means of an indicator of ICTs use in these organizations. Originality/gap/relevance/implications: There are several studies on the adoption of ICTs by organizations, however rare are those that explore the topic using the concept of digital divide. This study addresses the second order digital divide, related to the effective use of ICTs by companies. Key methodological aspects: The study was carried out based on a sample of 3,231 companies participating in the "TIC Empresas" survey of 2014 (published in 2015). By means of structural equations, an index was created to measure the intensity of the ICTs use in organizations and factors that affect it were verified through linear regressions. Summary of key results: The first result concerns the feasibility of an index that measures the ICTs use. Then, when analyzing its distribution, we can see the discrepancy of values between companies in relation to their size. The regression analysis indicates that the access to technology and the Internet, as well as ICTs skills and attitudes are factors correlated to a more intense use of ICTs by organizations. Key considerations/conclusions: Digital divide is a phenomenon related to high enterprise mortality rates and low productivity in small and medium-sized enterprises. This study outlines a possible way to study this phenomenon, integrating an adoption model (TOE) and a model of ICTs use in the context of second order digital divide.

Challenges Facing Financial Inclusion Due to the COVID-19 Pandemic

European Journal of Marketing and Economics ◽

10.26417/523jma34n ◽

2020 ◽

Vol 3 (2) ◽

pp. 50

Author(s):

Tea Kasradze

Keyword(s):

Low Income ◽

Financial Inclusion ◽

Financial Resources ◽

Financial Products ◽

The Poor ◽

Wide Range ◽

Medium Enterprises ◽

The Impact ◽

Poor Population

Financial inclusion is often considered as an access to financial resources for the wide public and small and medium-sized businesses, although it is a much broader concept and includes a wide range of access to quality financial products and services, including loans, deposit services, insurance, pensions and payment systems. Mechanisms for protecting the rights of consumers of financial products and services are also considered to be subject to financial inclusion. Financial inclusion acquires great importance during the pandemic and post-pandemic period. The economic crisis caused by the pandemic is particularly painful for low-income vulnerable population. A large part of the poor population who were working informally has lost source of income due to lockdown from the pandemic. Remittances have also been reduced / minimized, as the remitters had also lost jobs and are unable to send money home. Today, when people die from Coronavirus disease, it may be awkward to talk about the financial side of a pandemic, but the financial consequences can be far-reaching if steps are not taken today to ensure access to and inclusion of financial resources. The paper examines the impact of the pandemic on financial inclusion and the responses of the governments and the financial sectors to the challenge of ensuring the financial inclusion of the poor population and small and medium enterprises.

FINTECH SEBAGAI SALAH SATU SOLUSI PEMBIAYAAN BAGI UMKM

AdBispreneur ◽

10.24198/adbispreneur.v3i2.17836 ◽

2019 ◽

Vol 3 (2) ◽

pp. 89

Author(s):

Muhamad Rizal ◽

Erna Maulina ◽

Nenden Kostini

Keyword(s):

Banking Sector ◽

Peer To Peer ◽

The Other ◽

Financial Resources ◽

Financial Industry ◽

Loan Fund ◽

Classic Problem ◽

Peer Lending ◽

ABSTRACTIn 2017, more than 40 new fintech businesses is born, this financial business have emerged that have tried their luck in the Indonesian financial landscape along with the other 140s of startup that have stood before. Indonesia's fintech industry has become one of the prima donna that attracted so much attention from the financial industry actors. Investment on startup fintech began to attract a lot of interest, even some startup managed to get series A of investment this year. The fintech sectors are beginning to develop and many new products are launched.Meanwhile, the Ministry of Cooperatives and Small and Medium Enterprises (Ministry of Small and Medium Enterprises) launched 3.79 million micro, small and medium enterprises (SMEs) already utilizing online platform in marketing their products. This number is around 8 percent of the total perpetrators of SMEs in Indonesia, which is 59.2 million.The problem of sources of financing is a classic problem that is a barrier to the growth of SMEs who do not get financing facilities from the banking sector. Lack of financial resources makes SMEs unable to develop innovations to increase production. However, the rapid growth of financing business of fintech, such as peer-to-peer lending can now be another alternative for loan fund raisers. peer-to-peer lending is a financing business that targets the middle to lower market sectors ABSTRAKSepanjang tahun 2017, setidaknya muncul lebih dari 40 bisnis fintech baru yang mencoba peruntungan di lanskap keuangan Indonesia bersama dengan 140-an startup lain yang telah berdiri sebelumnya. Industri fintech Indonesia memang menjadi salah satu primadona yang menarik perhatian begitu besar dari para pelaku industri keuangan. Investasi pada startup fintech mulai banyak diminati, bahkan beberapa startup berhasil mendapatkan investasi seri A di tahun ini. Sektor-sektor fintech mulai berkembang dan produk-produk baru banyak diluncurkan.Sementara itu, Kementerian Koperasi dan Usaha Kecil Menengah (Kemenkop UKM) melansir sebanyak 3,79 juta usaha mikro, kecil, dan menengah (UMKM) sudah memanfaatkan platform online dalam memasarkan produknya. Jumlah ini berkisar 8 persen dari total pelaku UMKM yang ada di Indonesia, yakni 59,2 juta.Masalah sumber pembiayaan merupakan masalah klasik yang menjadi penghambat pertumbuhan UMKM yang tidak mendapat fasilitas pembiayaan dari sektor perbankan. Kurangnya sumber dana menjadikan UMKM tidak dapat mengembangkan inovasi untuk meningkatkan produksinya. Namun demikian pesatnya pertumbuhan bisnis pembiayaan FinTech seperti peer-to-peer lending sekarang ini bisa menjadi alternatif lain bagi para pencari dana pinjaman. peer-to-peer lending merupakan bisnis pembiayaan yang menyasar sektor pasar menengah ke bawah.

Public Procurement in the Czech Republic

Public Sector Transformation Processes and Internet Public Procurement ◽

10.4018/978-1-4666-2665-2.ch010 ◽

2012 ◽

pp. 210-226 ◽

Cited By ~ 2

Author(s):

Jirí Novosák ◽

Oldrich Hájek ◽

Jirí Machu

Keyword(s):

Sustainable Development ◽

Czech Republic ◽

Regional Development ◽

Public Procurement ◽

Regional Disparities ◽

The Czech Republic ◽

Dominant Position ◽

Relations between public procurement, regional development, and e-procurement are discussed in this chapter. First, main themes of the debate are reviewed. Subsequently, some relations between public procurement, regional development, and e-procurement are discussed. The Czech Republic is used as a case study in this regard. The authors’ findings confirm the potential of public procurement to stimulate development of Czech regions. Spatially, public procurement may not be regarded as a suitable tool for reduction of regional disparities. However, there seems to be an important impact of public procurement on the development of local small and medium enterprises. In addition, the authors’ findings point at some links between public procurement and the concepts of sustainable development and competitiveness. Nevertheless, the dominant position of price as evaluation criterion indicates that the linkages are rather weak. Finally, the increasing interest of the Czech Republic in e-procurement was documented.

Advances in Logistics, Operations, and Management Science - Handbook of Research on Urban and Humanitarian Logistics ◽

Microbusiness Collaboration as a Strategy to Increase Resilience in Natural Disasters

10.4018/978-1-5225-8160-4.ch017 ◽

2019 ◽

pp. 330-346 ◽

Cited By ~ 1

Author(s):

Jorge Vargas-Florez ◽

Eliseo L. Vilalta-Perdomo ◽

Martin Hingley ◽

Rosario Michel-Villarreal

Keyword(s):

Natural Disasters ◽

El Niño ◽

Global Economy ◽

El Nino ◽

Poor Quality ◽

Response Strategy ◽

Financial Resources ◽

Microbusiness, MB, importance for the global economy is uncontestable; they have huge participation of the world's production. In Peru, small-and medium-enterprises, SMEs, are 99% of the total of existing companies and contribute approximately 47% of the country's GDP; MBs are grouped within SMEs. They are the greatest generators of employment, although this may be informal and of poor quality. MBs confront difficulties, mainly due to their limited human and financial resources. Theories around how to deal with it have been developed mainly with big enterprises in mind, and this has little connection with what happens inside MBs. Accordingly, this chapter offers “collaboration” as a response strategy in case of a disruptive event to support MB resilience construction. This is contextualized from the experience of the Peruvian Costal El Niño 2017 and illustrated through the actions that a MB case (a beekeeper) took to deal with it.

VICTORY TO THE METHOD OF INDICATIVE PLANNING IN THE SYSTEM OF INVESTMENT CREDITING OF ENTERPRISES

10.32782/2224-6282/162-20 ◽

2020 ◽

Author(s):

Lydiadia Kostirko ◽

◽

Alexander Rоzmyslov ◽

Keyword(s):

Commercial Banks ◽

Raw Materials ◽

Banking System ◽

Financial Resources ◽

Natural State ◽

Main Task ◽

Labor Costs ◽

Investment Activity ◽

A necessary component of investment activity is the process of accumulating the necessary funds to finance investments. The natural state of limited internal own funds of the enterprise requires the attraction of additional (external) financing in the form of loans and borrowings. Investment lending is a promising area of activity of banks, the main task of which is the allocation of financial resources for the for-mation and development of production. Solving the problem of investment lending as a real sector of the economy pursues two goals: stabilization of the banking system in the rational allocation of financial resources and economic recovery through strengthening the position of commercial banks and small and medium enterprises (by attracting credit resources). Therefore, commercial banks engaged in investment lending should constantly and carefully study and analyze the condition of partner banks, both those with whom they are already working and those who are potential partners. The essence of the normative method of planning is to use a set of norms and standards when calculating the indicators of the indicative plan. The norm is the absolute value of the maximum allowable amount of material resources (ie, raw materials, fuel), as well as the cost of living labor for the manufacture of a unit of production. Standard – a relative indicator that characterizes the degree of use of tools, objects of labor, living labor costs. Norms and standards of consumption of paid services is a system of estimating the level of consumption by one person of certain types of services, which is based on scientifically based calculations of rational consumption. At the same time, in order to make specific decisions of the bank, it is necessary to be guided by a pre-thought-out strategy based on the "goal tree" and the system of plans of a commercial bank. In tactical terms, the main standard solutions can be provided in the credit policy of the bank for the period corresponding to the term of the project. At the same time, in the world economic literature, the standard deviation is called risk and is one of the most common absolute indicators of risk measurement.

LINKING BALANCED SCORECARD MEASURES TO SMES’ BUSINESS STRATEGY: ADDRESSING THE MODERATING ROLE OF FINANCIAL RESOURCES

International Journal of Research -GRANTHAALAYAH ◽

10.29121/granthaalayah.v3.i12.2015.2893 ◽

2015 ◽

Vol 3 (12) ◽

pp. 92-99

Author(s):

Mahshid Lonbani ◽

Saudah Sofian ◽

Mas BambangBaroto

Keyword(s):

Performance Measures ◽

Balanced Scorecard ◽

Business Strategy ◽

Business Processes ◽

Financial Resources ◽

Financial Measures ◽

Medium Enterprises ◽

Moderating Role

Using financial and non-financial measures, the Balanced Scorecard (BSC) approach evaluates different aspects of firms’ performance: financial, customer, learning and growth, and internal business processes. Resource flexibility and availability of financial resources are basically highlighted as separate antecedents of company’s performance. Grounded on resource based view, the role of financial resources on business strategy has been addressed numerously in previous studies. However, there is limited study to evaluate the role of financial resources on relationship between business strategy and BSC performance measures. Especially there is no study addressing this issue according to the moderating role of financial resources among small and medium enterprises (SMEs). It is worth mentioning that such relationships and models can be more highlighted in a developing countries since financial resources has been debated to be weak in theses context. Grounded in contingency theory, an evaluation of the moderating role that financial resources plays in the relationship between SMEs’ business strategy and balanced scorecard performance measures in SMEs points to the value of providing enough resources for SMEs. External fund providers such as banks and loan providers can help SMEs in this regard since firms could pass the way from business strategy to superior BSC performance measures more successfully.

The Perceived Export Barriers of Micro, Small, and Medium Enterprises: An Analysis from Lesotho-Based Manufacturing Enterprises

Management and Economics Research Journal ◽

10.18639/merj.2019.824657 ◽

2019 ◽

Vol 5 (1) ◽

pp. 1

Author(s):

Motšelisi C. Mokhethi ◽

Keyword(s):

Financial Constraints ◽

Financial Resources ◽

Small Enterprises ◽

Design Data ◽

Cross Sectional ◽

Financial Barriers ◽

Manufacturing Enterprises ◽

Export Barriers ◽

Small enterprises represent a large proportion of enterprises in most economies and are a driving force for economic growth. Most small enterprises refrain from exporting due to a number of challenges. The aim of this study was to determine the exporting barriers perceived to constrain exporting from Lesotho-based manufacturing micro, small, and medium enterprises (MSMEs). The study adopted a cross-sectional descriptive design. Data were collected from 162 Lesotho-based manufacturing enterprises through a self-administered questionnaire. Factor analysis revealed three export barrier groupings, namely international, distribution, and financial constraints. The descriptive statistics showed that Lesotho-based manufacturing MSMEs perceive lack of financial resources for market research, lack of financial resources to finance export sales, and lack of excess capacity for exports, all internal to an enterprise-loading under financial barriers as constraints to exporting. The study added to the literature new classes of export barriers. The findings suggest that the government of Lesotho has to put in place mechanisms that can reduce financial constraints to enable MSMEs to contribute as expected.

Theory and Practice of Institutional Reforms in Russia: Collection of Scientific Works. Issue 50 ◽

Analysis of Credit and Investment Institutions for Smes

10.33276/978-5-8211-0788-6-70-80 ◽

2020 ◽

pp. 70-80

Author(s):

E.A. Koroleva

Keyword(s):

Small Firms ◽

Financial Resources ◽

Small Enterprises ◽

Business Angels ◽

State Organizations ◽

The article is devoted to a review of the main institutions operating in the market of credit and investment resources for Russian small and medium enterprises (SMEs). The work revealed disproportionality in providing Russian SMEs with financing: the largest share falls on own funds and usury, banks account for up to 20%, other sources are insignificant). Meanwhile, abroad, this structure is more diverse and balanced. The possibilities of individual credit and investment institutions for providing small enterprises with borrowed funds are analyzed using the example of collective financing institutions (business angels, crowdfunding and crowdinvesting sites); specialized (leasing, factoring and microfinance organizations) and state organizations (JSC “SME Corporation”, regional guarantee organizations, JSC “SME Bank”), as well as venture and banking companies. Actual tendencies occurring in various markets of financial resources for small firms are noted, taking into account the quarantine-isolation measures of 2020.

Small Business in Russia Through the Prism of a National Project

The world of new economy ◽

10.26794/2220-6469-2021-15-2-118-130 ◽

2021 ◽

Vol 15 (2) ◽

pp. 118-130

Author(s):

I. A. Kirichenko ◽

V. V. Koshenskov

Keyword(s):

Legal Framework ◽

Financial Resources ◽

Leading Indicators ◽

National Project ◽

Doing Business ◽

Support Measures ◽

Coronavirus Infection ◽

Medium Enterprises ◽

Goals And Objectives

The article presents the results of the implementation of the National Project “Small and Medium Business and Support for Individual Entrepreneurial Initiatives” and federal projects included in it: “Improving the conditions for doing business”; “Expanding the access of small and medium-sized businesses to financial resources, including concessional financing”; “Acceleration of small and medium-sized businesses”; “Creation of a support system for farmers and the development of rural cooperation”; “Popularisation of Entrepreneurship”. We critically analysed the national project as a whole and assessed the newest situation of small and medium-sized businesses. Further, we carried out the analysis of the achievement of the leading indicators of the national project. Also, we considered the financing and the results of the achievement of indicators in the context of federal projects that are part of the national project for 2018-2020.We assessed the risks of non-fulfilment of the goals and objectives set in the projects. The article also examines the effectiveness and evaluates the effectiveness of state support measures for small and medium-sized businesses affected by the spread of coronavirus infection in 2020. Besides, we analysed the main changes in the regulatory legal framework within the framework of implementing the national project. The analysis of the updated structure and activities of the national project “Small and Medium Enterprises and Support for Individual Entrepreneurial Initiatives” has been carried out.