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Access to Finance for Latvian SMEs

Author

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  • Ramona Rupeika-Apoga
  • Irina Solovjova

Abstract

In this paper, we attempt to explore why banks possessing free assets and willingness to lend, on the one side, and businesses lacking money, on the other side, do not meet. We are looking for answers why all EU initiatives for more available funding for SMEs still haven't resulted positively and loan growth rate is more than modest. The empirical part of the research is based on the quantitative and qualitative assessment of the commercial banks, SMEs of Latvia and case studies of timber industry. The result of the analyses has been discussed and recommendations have been provided for policy makers and academician, opening new areas for this timely topic research.

Suggested Citation

  • Ramona Rupeika-Apoga & Irina Solovjova, 2017. "Access to Finance for Latvian SMEs," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 57-68.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3a:p:57-68
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    References listed on IDEAS

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    Cited by:

    1. S.S. Morkovina & V.V. Malitskaya & E.A. Panyavina & I.V. Sibiryatkina, 2018. "Export Potential and Measures to Support Small and Medium-Sized Enterprises," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 303-314.
    2. repec:ers:journl:v:special_issue:y:2018:i:1:p:303-314 is not listed on IDEAS
    3. Petr Cech & Irena Jindrichovska & Jiri Neubauer, 2018. "Corporate Social Responsibility in Hotel Industry: Empirical Analysis of Transitional Market," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 61-89.
    4. David Mares & Nadazda Petra, 2018. "Stabilization Factors of Family Enterprises in the Context of Macroeconomic Performance," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 206-220.
    5. R. Rupeika-Apoga S. Saksonova, 2018. "SMEs' Alternative Financing: The Case of Latvia," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 43-52.
    6. Dejan Ravselj & Aleksander Aristovnik, 2020. "The Relationship between Tax-Related Administrative Barriers and SMEs Characteristics: Evidence from Slovenia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 381-388.
    7. Petr Mach, 2018. "VAT Rates and their Impact on Business and Tax Revenue," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 144-152.
    8. Mihail Nikolaevich Dudin & Nikolay Vasilievich Lyasnikov & Konstantin Yurievich Reshetov & Olga Olegovna Smirnova & Nataliya Vladimirovna Vysotskaya, 2018. "Economic Profit as Indicator of Food Retailing Enterprises' Performance," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 468-479.
    9. A. Gudkova & G. Rodionova & T. Turko & V. Fedorkov, 2018. "Small Innovative Business Development Experience," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 158-170.
    10. repec:ers:journl:v:vi:y:2018:i:1:p:61-89 is not listed on IDEAS

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    More about this item

    Keywords

    SMEs financing; access to finance JEL codes: G21; L10; O12; 016;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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