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Opportunities and Constraints in Financing SMEs

Author

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  • Lacatus Viorel Dorin
  • Vaidean Viorela-Ligia

Abstract

The enterprise is the most important component of the economy and of the society as well. The paper studies the weights of SME sector in different countries, focusing on topical operational issues for financing SMEs. In Romania, these are mainly shareholders’ credits; own resources, loans, European Union or EBRD funds, etc. Some analysts consider that the growth of SMEs is impeded by an insufficient supply of capital. In Romania as in other states, the public authorities have interceded to fill this equity gap by increasing the supply of funds. Furthermore, managerial opinions concerning the obstacles faced by their firms reveal some potential growth factors for SMEs: the size of loans, the amount of reinvested profit, well-educated human resources and technical assistance, all critical to the success of SME’s in exploiting, indeed surviving, the rapid globalization of markets.

Suggested Citation

  • Lacatus Viorel Dorin & Vaidean Viorela-Ligia, 2015. "Opportunities and Constraints in Financing SMEs," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 66-72.
    • Handle: RePEc:ers:ijebaa:v:iii:y:2015:i:2:p:66-72
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    File URL: http://www.ersj.eu/repec/ers/pijeba/15_2_p6.pdf
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    References listed on IDEAS

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    1. Pociovalisteanu Diana-Mihaela & Thalassinos Eleftherios, 2009. "The Structural Funds and the Economic and Social Cohesion Process," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 313-330, May.
    2. Konstantinos Liapis & Antonios Rovolis & Christos Galanos & Eleftherios Thalassinos, 2013. "The Clusters of Economic Similarities between EU Countries: A View Under Recent Financial and Debt Crisis," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 41-66.
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    Cited by:

    1. 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.

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