Delia Rosu – West University of Timișoara, Joseph Haydn street, no 20, Dumbravita, Timis county, Romania
DOI: https://doi.org/10.31410/ITEMA.2021.65
5th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2021, Online/virtual, October 21, 2021, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-51-6, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2021
Abstract
Even if a lot of the businesses depend on authorities (infrastructure, national promotion, etc.) solving the problems is still a microeconomic task. Small and Medium Enterprises (SMEs) have always been recognized as the driver of a critical sector of the economy and the SMEs will continue to remain as the backbone of several countries’ economic development throughout the world. Due to the economic and social importance of the small and medium-sized enterprises (SMEs) for the economy, compared to large businesses, they are supposed to be more vulnerable, riskier, and so it is more difficult to obtain external sources of finance for them.
The article aims to evaluate SMEs finance from the perspective of selected domestic and foreign initiatives, as well as to propose the measures for the improvement of SME finance.
Keywords
Finance increasing; SMEs growth; Microeconomics
References
Artola, C., Genre, V. (2011), Euro Area SMEs under Financial Constraints: Belief or Reality? CESifo Monetary Policy and International Finance. Working Paper No. 3650. http://hdl. handle.net/10419/53136
Brown, M., Ongena, S., Popov, A., Yeşin, P. (2011), Who Needs Credit and Who Gets Credit in Eastern Europe?, Journal of Economic Policy, Volume 26, Issue 65, 1 January 2011, (pp. 93–130), https://doi.org/10.1111/j.1468-0327.2010.00259.x
Canales, R., Nanda, R. (2012). A Darker Side to Decentralized Banks: Market Power and Credit Rationing in SME Lending, Journal of Financial Economics, Volume 105, Issue 2, August 2012, (pp. 353-366). https://doi.org/10.1016/j.jfineco.2012.03.006
Cole, R.A., Dietrich, A. and Frost, T. (2019), SME Credit Availability Around the World: Evidence from the World Bank’s Enterprise Surveys (December 04, 2019), (pp. 15-20). http:// dx.doi.org/10.2139/ssrn.2043624
Verdolini, E., Bak, C., Ruet, J. and Venkatachalam, A. (2018). Innovative green-technology SMEs as an opportunity to promote financial de-risking. Journal of Economics: The Open-Access, Open-Assessment E-Journal, Volume 12, (pp. 1–12). http://dx.doi.org/10.5018/economics-ejournal.ja.2018-14
Ryan, R. M., O’Toole, C. M., McCann, F. (2014). Does Bank Market Power Affect SME Financing Constraints? Journal of Banking & Finance Volume 49, Dec. 2014, (pp. 495-505). https://doi.org/10.1016/j.jbankfin.2013.12.024
