Vitanova, Gordana and Angeleski, Marjan and Spaseska, Tatjana and Risteska, Fanka (2011) Opportunities for financing the small and medium-size businesses in the Republic of Macedonia through issuing long-term securities. 1 st REDETE Conference, Economic Development and Entrepreneurship in Transitional Economies:A Review of Current Policy Approaches.
Full text not available from this repository.Abstract
Small and medium-sized businesses are major part of the economy. The effective financing of such businesses
makes a significant contribution to the economic growth and development. There are different types of
financing the small and medium-sized businesses: internal funds; overdrafts and bank loans; leasing and hire
purchase arrangements; stock market equity and corporate bond issues; venture capital or private equity; assetbased
finance such as factoring and invoice discounting and trade finance. The capital market is alternative and
competitive way of financing the business entities regarding the financial institutions, above all the banks. In
the developed market economies the capital market allows the business entities to obtain the financial assets
they need to realize their projects through issuing long-term securities. Considering the wide advantages these
forms of financing offer, the subject of research of this paper shall be the opportunities of their implementation
in the small and medium-sized businesses. Namely, an analysis and empirical research shall be conveyed
of the current conditions of the small and medium-sized businesses related to their financing. In addition,
recommendations shall be proposed for more efficient exploitation of the opportunities for financing on the
capital market.
| 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 20:38 |
| Last Modified: | 05 Mar 2020 09:36 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/2310 |
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