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2010, vol. 7, iss. 1, pp. 263-276
The importance of private investors in the financing of rural entrepreneurship in Serbia
University of Business Academy in Novi Sad, Faculty of economics and engineering management
This paper addresses issues of regional development from the point of view of rural entrepreneurship. The authors analyze the financing of entrepreneurship through development and attracting of private investors. In such contest, special attention is devoted to specific characteristics of 'business angels' as well as to the development of financing model of rural entrepreneurship through stock exchanges. The research is based on the experiences of The Republic of Serbia. Through the analysis of documentation related to the financing of entrepreneurship the paper will assess the current capacity for sustainable and local development of rural regions, with a focus on Serbia and other economies in transition. In a case study undertaken in Serbia with semi-structured interviews of carefully chosen representatives of local authority and active third sector stakeholders in rural development, authors of the paper will then examine the specific possibilities of increasing the currently insufficient role of private investors and will extend for discussion a model for benchmarking stock exchanges as a prerequisite for stock exchange based financing of rural entrepreneurship. Research presented in this paper will nominate for further discussion a thesis that exchanging visits to key stock exchanges in the region of South East Europe is one of the avenues to attract investors to rural regions.
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article language: Serbian, English
document type: Original Scientific Paper
published in SCIndeks: 04/08/2010