IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this book chapter

Small and innovative companies successfully adjusted to crisis circumstances, only

Listed author(s):
  • Prof. Hadžiæ Miroljub


    (University Singidunum)

  • Pavloviæ Petar


    (Ministry of Finance Republic of Serbia)

Registered author(s):

    During the late transition process SME in Serbia had fast development due to established encouraging business environment and supportive policies. They became important economic agent taking into account their share in GDP formation and total employment. Facing the Global economic crisis Serbian economy went into recession, but from the end of 2009 modest recovery started. Unfortunately, from the mid 2011 sings of the repeat recession became clear, mainly related to recession and public sector problems in EU. In difficult circumstances some of Serbian SME succeeded to reorient themselves, especially small companies. Those fast growing companies and gazelles also found solution for development. At the same time medium scale enterprises could not adopt on worsening business environment and due to this fact for the first time during transition period the business demography for both companies and shops was negative in 2011. It seems that supportive policy for SME development now has to combine selective supportive measures for fast growing companies and gazelles and at the same time measures of quantitative sort – aiming to increase number of new companies and shops, as much as possible.

    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:
    Download Restriction: no

    in new window

    This chapter was published in: György Kadocsa (ed.) , , pages 97-114, 2012.
    This item is provided by Óbuda University, Keleti Faculty of Business and Management in its series Proceedings- 10th International Conference on Mangement, Enterprise and Benchmarking (MEB 2012) with number 97-114.
    Handle: RePEc:pkk:meb012:97-114
    Contact details of provider: Postal:
    1084 Budapest, Tavaszmezö u. 15-17

    Phone: +36-1-6665208
    Fax: +36-1-6665209
    Web page:

    More information through EDIRC

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

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

    When requesting a correction, please mention this item's handle: RePEc:pkk:meb012:97-114. 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: (Alexandra Vécsey)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.