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Small Companies Access to Multi Guarantee Mechanisms - An Evidence from Serbian Female Companies

Author

Listed:
  • Stevica Dedjanski

    (Megatrend University, Belgrade, Serbia)

  • Radmila Grozdanic

    (Faculty for BA and Entrepreneurship, Belgrade, Serbia)

  • Mirjana Radovic Markovic

    (Institute of Economic Sciences, Belgrade, Serbia)

  • Vladimir Vukotic

    (Opportunity Bank)

  • Frazer Hume

    (Opportunity Bank)

Abstract

Financial markets and sources of funds are scarce in Serbia for small companies, especially for these owned by women. There is a little mobilized capital for various reasons to support innovative small companies, the lack of private equity funds and various multi guarantee schemes, and private public sources. The main objective of this paper is to show the opportunities for the better transfer of best current practice into the system and practical solutions of the Serbian financial intermediaries and end users in the field of guarantees /loans, equity or joint venture, the proportion of the guarantee/ which covers the loan, interest rate, length, and conditions of the applications /, service/ multi societies or state agencies/. Investments in the Development of small companies, female owned, especially in the innovation of products, services and technology are the main precondition to their greater involvement in exporting, selling goods with higher added value to global market and sustainability of their business.

Suggested Citation

  • Stevica Dedjanski & Radmila Grozdanic & Mirjana Radovic Markovic & Vladimir Vukotic & Frazer Hume, 2012. "Small Companies Access to Multi Guarantee Mechanisms - An Evidence from Serbian Female Companies," Journal of Women's Entrepreneurship and Education, Institute of Economic Sciences, issue 3-4, pages 17-42.
  • Handle: RePEc:ibg:jwejou:y:2012:i:3-4:p:17-42
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    More about this item

    Keywords

    Multi guarantee mechanisms; small companies; female owned enterprises;

    JEL classification:

    • B54 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Feminist Economics
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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