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ANALYSIS OF SMEs FINANCING IN THE REPUBLIC OF MACEDONIA – CONDITIONS AND PERSPECTIVES

Author

Listed:
  • ANETA RISTESKA

    (FACULTY OF ECONOMICS-PRILEP, UNIVERSITY ST. KLIMENT OHRIDSKI-BITOLA)

  • DIMITAR NIKOLOSKI

    (FACULTY OF ECONOMICS-PRILEP, UNIVERSITY ST. KLIMENT OHRIDSKI-BITOLA)

  • MIROSLAV GVEROSKI

    (FACULTY OF ECONOMICS-PRILEP, UNIVERSITY ST. KLIMENT OHRIDSKI-BITOLA)

  • TATJANA SPASESKA

    (FACULTY OF ECONOMICS-PRILEP, UNIVERSITY ST. KLIMENT OHRIDSKI-BITOLA)

  • FANKA RISTESKA

    (FACULTY OF ECONOMICS-PRILEP, UNIVERSITY ST. KLIMENT OHRIDSKI-BITOLA)

Abstract

SMEs play a crucial role in furthering growth, innovation and prosperity. Unfortunately, they are strongly restricted in accessing the capital that they require to grow and expand. Banks in developing countries are in turn hampered by the lack of lender information and regulatory support to engage in SME lending. Hence, the main aim of the research is identification of factors that significantly influence the access to the capital, and determine the financial state of the investigated entities in Macedonia. Considering the facts from the analysis in the end of the paper will be propose many recommendations for improving the financial support for SMEs in Macedonia.

Suggested Citation

  • Aneta Risteska & Dimitar Nikoloski & Miroslav Gveroski & Tatjana Spaseska & Fanka Risteska, 2014. "ANALYSIS OF SMEs FINANCING IN THE REPUBLIC OF MACEDONIA – CONDITIONS AND PERSPECTIVES," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 9-16, June.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:3:p:9-16
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    References listed on IDEAS

    as
    1. Govori, Arbiana, 2013. "Analysis of external factors affecting the development of SMEs in Kosovo," MPRA Paper 47230, University Library of Munich, Germany.
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    Cited by:

    1. Aneta Risteska Jankuloska & Miroslav Gveroski & Kosta Sotiroski & Tatjana Spaseska, 2022. "ANALYSIS OF THE INVESTMENT ACTIVITY OF SMEs IN NORTH MACEDONIA," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 4-15, June.

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