External financing of SMEs in Serbia
Considering the fact that small and medium enterprises often face funding difficulties, this paper discusses and analyzes the issue of financing SMEs in Serbia, i.e. the usage and possibilities of alternative, relatively more affordable, cheaper and more flexible options for financing entrepreneuria...
| Main Authors: | , , |
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| Format: | Article |
| Language: | srp |
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University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia
2022-01-01
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| Series: | Ekonomija: teorija i praksa |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2022/2217-54582201041D.pdf |
| _version_ | 1818209739337629696 |
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| author | Dukić Dragan Petrevska Ivana Rastovac Dragan |
| author_facet | Dukić Dragan Petrevska Ivana Rastovac Dragan |
| author_sort | Dukić Dragan |
| collection | DOAJ |
| description | Considering the fact that small and medium enterprises often face funding difficulties, this paper discusses and analyzes the issue of financing SMEs in Serbia, i.e. the usage and possibilities of alternative, relatively more affordable, cheaper and more flexible options for financing entrepreneurial projects, which are available in practice. The research was conducted by surveying entrepreneurs and SME owners, in order to show the extent to which SMEs in practice rely on their own financing of their business, and how much is represented by financing from external non-banking sources. Also, the paper investigates and analyzes the level of satisfaction of entrepreneurs with the current usage of various financial instruments that they can access in different circumstances, as well as potential opportunities for their usage, with a focus on the current state of SME financing in practice. The obtained results indicate that entrepreneurs mostly rely on own financing of their business, that various options of non-bank financing are insufficient and that there is a lot of untapped potential. However, there is a need for more simplified procedures and better informedness of entrepreneurs. |
| first_indexed | 2024-12-12T05:05:30Z |
| format | Article |
| id | doaj.art-9f3d47e9ef894f97bc8e6dd5f91fcc14 |
| institution | Directory Open Access Journal |
| issn | 2217-5458 2620-0228 |
| language | srp |
| last_indexed | 2024-12-12T05:05:30Z |
| publishDate | 2022-01-01 |
| publisher | University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia |
| record_format | Article |
| series | Ekonomija: teorija i praksa |
| spelling | doaj.art-9f3d47e9ef894f97bc8e6dd5f91fcc142022-12-22T00:37:06ZsrpUniversity Business Academy - Faculty of Economics and Engineering Management, Novi Sad, SerbiaEkonomija: teorija i praksa2217-54582620-02282022-01-01151416010.5937/etp2201041D2217-54582201041DExternal financing of SMEs in SerbiaDukić Dragan0Petrevska Ivana1https://orcid.org/0000-0003-4596-6098Rastovac Dragan2https://orcid.org/0000-0002-6418-2953Visoka škola strukovnih studija za vaspitače i poslovne informatičare - Sirmijum, Sremska Mitrovica, SerbiaVisoka škola strukovnih studija za vaspitače i poslovne informatičare - Sirmijum, Sremska Mitrovica, SerbiaVisoka škola strukovnih studija za vaspitače i poslovne informatičare - Sirmijum, Sremska Mitrovica, SerbiaConsidering the fact that small and medium enterprises often face funding difficulties, this paper discusses and analyzes the issue of financing SMEs in Serbia, i.e. the usage and possibilities of alternative, relatively more affordable, cheaper and more flexible options for financing entrepreneurial projects, which are available in practice. The research was conducted by surveying entrepreneurs and SME owners, in order to show the extent to which SMEs in practice rely on their own financing of their business, and how much is represented by financing from external non-banking sources. Also, the paper investigates and analyzes the level of satisfaction of entrepreneurs with the current usage of various financial instruments that they can access in different circumstances, as well as potential opportunities for their usage, with a focus on the current state of SME financing in practice. The obtained results indicate that entrepreneurs mostly rely on own financing of their business, that various options of non-bank financing are insufficient and that there is a lot of untapped potential. However, there is a need for more simplified procedures and better informedness of entrepreneurs.https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2022/2217-54582201041D.pdfgrowth and development of smesalternative sources of financingfinancial instrumentsentrepreneurial projects |
| spellingShingle | Dukić Dragan Petrevska Ivana Rastovac Dragan External financing of SMEs in Serbia Ekonomija: teorija i praksa growth and development of smes alternative sources of financing financial instruments entrepreneurial projects |
| title | External financing of SMEs in Serbia |
| title_full | External financing of SMEs in Serbia |
| title_fullStr | External financing of SMEs in Serbia |
| title_full_unstemmed | External financing of SMEs in Serbia |
| title_short | External financing of SMEs in Serbia |
| title_sort | external financing of smes in serbia |
| topic | growth and development of smes alternative sources of financing financial instruments entrepreneurial projects |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2022/2217-54582201041D.pdf |
| work_keys_str_mv | AT dukicdragan externalfinancingofsmesinserbia AT petrevskaivana externalfinancingofsmesinserbia AT rastovacdragan externalfinancingofsmesinserbia |