IDEAS home Printed from https://ideas.repec.org/a/ids/gbusec/v7y2005i4p409-438.html
   My bibliography  Save this article

Financing problems and the lack of entrepreneurship in Albania: findings from small and medium enterprises

Author

Listed:
  • Aristidis Bitzenis
  • Ersanja Nito

Abstract

The subject of this paper is an overall analysis of the Albanian business environment, with special emphasis on the lack of entrepreneurship and managerial skills in Albania. Our questionnaire research (226 out of 350 questionnaires collected) underlined the financing problems that the Small- and Medium-Sized Enterprises (SMEs) face in the Albanian business environment. According to the findings of the questionnaire survey of the companies interviewed, one-third of the managers were family members, and most Albanian enterprises displayed a preference for local managers, while others did not employ a manager or an economist at all. Furthermore, the majority of managers had not studied abroad and more than half of them had not participated at all in any seminar to upgrade their managerial skills. Finally, it is safe to conclude that Albanian enterprises lack entrepreneurship and managerial skills necessary for a company's survival in a modern business environment.

Suggested Citation

  • Aristidis Bitzenis & Ersanja Nito, 2005. "Financing problems and the lack of entrepreneurship in Albania: findings from small and medium enterprises," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 7(4), pages 409-438.
  • Handle: RePEc:ids:gbusec:v:7:y:2005:i:4:p:409-438
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=8299
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Narasimhan Jegadeesh, 2001. "Profitability of Momentum Strategies: An Evaluation of Alternative Explanations," Journal of Finance, American Finance Association, vol. 56(2), pages 699-720, April.
    2. Brozynski, Torsten & Menkhoff, Lukas & Schmidt, Ulrich, 2003. "The Use of Momentum, Contrarian and Buy-&-Hold Strategies: Survey Evidence from Fund Managers," Hannover Economic Papers (HEP) dp-290, Leibniz Universit├Ąt Hannover, Wirtschaftswissenschaftliche Fakult├Ąt.
    3. Jegadeesh, Narasimhan & Titman, Sheridan, 1993. " Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency," Journal of Finance, American Finance Association, vol. 48(1), pages 65-91, March.
    4. Brock, William & Lakonishok, Josef & LeBaron, Blake, 1992. " Simple Technical Trading Rules and the Stochastic Properties of Stock Returns," Journal of Finance, American Finance Association, vol. 47(5), pages 1731-1764, December.
    Full references (including those not matched with items on IDEAS)

    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:ids:gbusec:v:7:y:2005:i:4:p:409-438. 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: (Darren Simpson). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=168 .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.