IDEAS home Printed from https://ideas.repec.org/a/bal/gbadej/2661-51692022322.html
   My bibliography  Save this article

The Key Basis Of The Financial Security Mechanism Representatives Of Small Businesses

Author

Listed:
  • Nadiia Hryshchuk

    (Vinnytsia National Agrarian University, Ukraine)

Abstract

The purpose of the work is to study the importance of the appropriate level of financing of the small business sector, as an integral component of the market economy, which provides solutions to a number of urgent needs of society, the determination of priority financial programs for their financing in conditions of military aggression. Methodology. The theoretical and methodological basis of the research is general scientific and special methods. Scientific knowledge: generalization, analogy, analysis and synthesis, induction and deduction (for clarifying the conceptual apparatus, theoretical generalizations of research results, conclusions and proposals); an economic-statistical, tabular research method is used. Theoretical and methodological approaches to the development of farms and cooperatives are substantiated. The understanding of the essence of small business is revealed and the economic and legal aspects of the development of the agrarian sector of the economy are analyzed based on a combination of economic and financial interests, the need to adapt to changes in the business environment, production technologies, as well as in the needs of buyers, because they saturate the market with goods and services, diversify the labor market with new jobs, ensure economic competition – the basis of the functioning of the market mechanism. Results. The understanding of the essence of small business is revealed and the economic and legal aspects of the development of the agrarian sector of the economy are analyzed based on a combination of economic and financial interests, the need to adapt to changes in the business environment, production technologies, as well as in the needs of buyers, because they saturate the market with goods and services, diversify the labor market with new jobs, ensure economic competition – the basis of the functioning of the market mechanism. An analytical assessment of the types of financial security showed that the involvement of various types of financial resources will improve the opportunity to gain competitive positions in the market of various financial products. Practical consequences. According to the results of the research, the priority directions for improvement were determined. An important component and leading direction of the credit policy in agriculture should be the creation of a preferential lending mechanism for agricultural producers. We also need a guarantee from the state in the provision by banks of interest-free and deferred payment targeted loans for the modernization and expansion of the material and technical base of agricultural production, the introduction of new technologies, the creation of enterprises for processing and sale of products in conditions of military aggression.

Suggested Citation

  • Nadiia Hryshchuk, 2022. "The Key Basis Of The Financial Security Mechanism Representatives Of Small Businesses," Green, Blue & Digital Economy Journal, Publishing house "Baltija Publishing", vol. 3(2).
  • Handle: RePEc:bal:gbadej:2661-5169:2022:3:2:2
    DOI: 110.30525/2661-5169/2022-2-2
    as

    Download full text from publisher

    File URL: http://www.baltijapublishing.lv/index.php/gbdej/article/view/1909/1919
    Download Restriction: no

    File URL: http://www.baltijapublishing.lv/index.php/gbdej/article/view/1909
    Download Restriction: no

    File URL: https://libkey.io/110.30525/2661-5169/2022-2-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    credit; lending activities; small and medium enterprises; financial and credit relations; lending programs;
    All these keywords.

    JEL classification:

    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bal:gbadej:2661-5169:2022:3:2:2. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anita Jankovska (email available below). General contact details of provider: .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.