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Vojno delo
2019, vol. 71, br. 4, str. 314-328
jezik rada: srpski
vrsta rada: neklasifikovan
objavljeno: 16/11/2019
doi: 10.5937/vojdelo1904314D
Mogućnosti i ograničenja alternativnog finansiranja malog biznisa u Srbiji
aVisoka škola za poslovnu ekonomiju i preduzetništvo u Beogradu
bUniverzitet Privredna akademija u Novom Sadu, Fakultet za primenjeni menadžment, ekonomiju i finansije, Beograd

Sažetak

Jedna od najznačajnih odluka sa kojima se preduzeća susreću u različitim fazama poslovanja je način finansiranja. Najveći broj malih privrednih subjekata susreće se sa problemom pribavljanja kapitala, kako za otpočinjanje, tako i za razvoj poslovanja. Može se reći da problem finansiranja malih preduzeća ima više uzroka, od kojih su neki na strani preduzeća, neki na strani finansijskih institucija, a neki na strani regulative ili društveno-političkog okruženja. Odgovarajuća ponuda izvora finansiranja i lakši pristup istim postaje nužnost, jer obezbeđenje kapitala utiče na sve aspekte poslovanja preduzeća i predstavlja značajan faktor u ostvarivanju razvoja preduzeća. Bankarsko kreditiranje je najzastupljeniji način pribavljanja neophodnog kapitala domaćih preduzeća. Međutim, kako negativne strane kreditiranja malog biznisa vremenom postaju sve vidljivije, sve se više pažnje posvećuje pronalasku adekvatnih alternativa bankarskom kreditiranju. Nebankarski izvori finansiranja u Srbiji nemaju ulogu koja im pripada, ali uz jačanje određenih tržišnih i zakonskih mehanizama uticaja, oni mogu imati daleko veći značaj za razvoj malih preduzeća i privrede uopšte, nego što je to danas.

Ključne reči

nebankarsko finansiranje; alternativni izvori finansiranja; mala preduzeća; fondovi rizičnog kapitala; privatni investicioni fondovi; poslovni anđeli

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