RESEARCH INFORMATION ON THE SOURCES OF FINANCING THE SMALL AND MEDIUM BUSINESSES IN THE REPUBLIC OF MACEDONIA

Risteska, Aneta and Spaseska, Tatjana and Risteska, Fanka (2012) RESEARCH INFORMATION ON THE SOURCES OF FINANCING THE SMALL AND MEDIUM BUSINESSES IN THE REPUBLIC OF MACEDONIA. MAJSKA KONFERENCIJA O STRATEGIJSKOM MENADŽMENTU.

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Abstract

Financing of small and medium enterprises is a complex process, but necessary for their establishment and further operation The policy of financing in terms of defining the optimal ratio between own and borrowed capital and the choice between various alternatives for funding - internal and external is an important determinant of enterprise which aims to provide good prerequisites for long term stability and successful operation. At different developmental stages, entrepreneurs can use different ways of financing their businesses, but in this paper the main subject will be the alternative possibilities for providing capital through the issuance of securities, loans, as well as attractive sources of financing for small and medium enterprises - business angels and risk capital. Typically in developed countries, dominant source of financing the businesses at their initial stage are business angels, in the early žstage of development (first 5 years) dominant is risk capital funds, and during the late stage of development as a significant source of funding appears emission of securities. In this paper the key emphasis will be placed on researching and analyzing the sources of financing the small and medium enterprises in the municipality of Prilep – Republic of Macedonia and we will suggest measures and recommendations for better use of the available sources of funding.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 27 Dec 2019 20:37
Last Modified: 05 Mar 2020 09:38
URI: http://eprints.uklo.edu.mk/id/eprint/2308

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