Metrics

  • citations in SCIndeks: [3]
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:1
  • full-text downloads in 30 days:0

Contents

article: 7 from 9  
Back back to result list
2016, vol. 40, iss. 3, pp. 1101-1118
Financing obstacles of small enterprises: Empirical analysis in the Republic of Serbia
Higher School of Professional Business Studies, Novi Sad

emailboba_jovin@yahoo.com
Keywords: small enterprises and entrepreneurs; financing obstacles; financial institutions; loan; risk
Abstract
Small enterprises are the driving force of any economy, and the engine of economic growth in both developed countries and countries in transition. One of the problems that small enterprises and entrepreneurs face is the lack of financial resources, or difficult access to them, for starting and financing the development of their entrepreneurial venture. The aim of the paper is to analyze the financing difficulties of small enterprises and entrepreneurs in the Republic of Serbia. 167 enterprises were surveyed and their responses were grouped into three groups depending on the size of an enterprise: small enterprises and entrepreneurs, medium enterprises and large enterprises so that by comparing the obtained results we could determine the differences in attitudes depending on the size of an enterprise and prove that small enterprises have limited access to financial resources. The research investigated financing constraints, financial services and approved loan conditions in relation to the size of an enterprise. The results showed statistically significant differences between small, medium and large enterprises in the majority of the observed parameters and that small enterprises and entrepreneurs have difficult access to financial resources.

About

article language: English
document type: Original Scientific Paper
published in SCIndeks: 31/03/2017

Related records

No related records