Advanced Search
MyIDEAS: Login

Financing innovative small and medium-sized enterprises in times of crisis

Contents:

Author Info

  • Dejan ERIC

    (Institute of Economic Sciences, Belgrade, Serbia)

  • Isidora BERAHA

    (Institute of Economic Sciences, Belgrade, Serbia)

  • Sonja DJURICIN

    (Institute of Economic Sciences, Belgrade, Serbia)

Abstract

Small and Medium-sized Enterprises (SME) in general and particularly innovative ones are becoming an increasingly important factor on the road to achieving smart, sustainable and comprehensive development. Because of their propensity to innovative undertaking and risk, SMEs contribute significantly to economic growth but are generally less productive and pay the cost of high rates of death and lower rates of profitability. Financing SMEs is risky and uncertain and for innovative SMEs it is even more difficult to access financing. When financing innovative activities, investors perceive high risks and it is even more emphasized in times of crisis when there is an increase in the cost of capital. Institutional support and governmental programmes have an important role in closing financial gap that innovative SMEs are faced with. Because the survival and development of SMEs is to a great extant determined by their ability to access favorable financing, the main objective of this paper is to provide policy recommendations for promoting availability of financing to innovative SMEs in order to foster economic recovery and more dynamic development of Serbia. The recommendations are to emerge from analyzes and evaluation of currently available sources of finance for innovative SMEs.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.revecon.ro/articles/2011-2/2011-2-3.pdf
Download Restriction: no

Bibliographic Info

Article provided by Institute of National Economy in its journal Romanian Journal of Economics.

Volume (Year): 33 (2011)
Issue (Month): 2(42) (December)
Pages: 59-74

as in new window
Handle: RePEc:ine:journl:v:2:y:2011:i:42:p:59-74

Contact details of provider:
Postal: Casa Academiei, Calea 13 Septembrie nr.13, sector 5, Bucure┼čti 761172
Phone: 004 021 318.24.67
Fax: 004 021 318.24.67
Email:
Web page: http://www.ien.ro/
More information through EDIRC

Related research

Keywords: innovative small and medium-sized enterprises; economic growth and development; financin; risk; crisis;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Isidora Beraha & Ivana Stankovic, 2012. "The Role of Development Entrepreneurship and Small and Medium Entrerprises in Managing Structural Changes," Book Chapters, Institute of Economic Sciences.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ine:journl:v:2:y:2011:i:42:p:59-74. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valentina Vasile).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.