THE IMPLEMENTATION OF DIGITAL CHANNELS IN BUSINESS PROCESSES AND ACCESS TO FINANCE FOR MSMES IN AZERBAIJAN
Digitalization is assessed as a factor contributing to the sustainable growth of business entities. Implementation of digital solutions has been recognized as a key tool stimulating expansion and development of micro, small and medium enterprises into the economy. Micro small and medium enterprises...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura Universitatii Agora
2023-12-01
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| Series: | Agora International Journal of Economical Sciences |
| Online Access: | https://univagora.ro/jour/index.php/aijes/article/view/6435 |
| _version_ | 1797365811003785216 |
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| author | Nazrin Akhundzada Inara Rzayeva |
| author_facet | Nazrin Akhundzada Inara Rzayeva |
| author_sort | Nazrin Akhundzada |
| collection | DOAJ |
| description |
Digitalization is assessed as a factor contributing to the sustainable growth of business entities. Implementation of digital solutions has been recognized as a key tool stimulating expansion and development of micro, small and medium enterprises into the economy. Micro small and medium enterprises represent a vast majority of firms in Azerbaijan. Limited access to financial resources is one of the key challenges exhibited by this size of enterprises. The rate of usage of online services by firms accelerated after COVID-19 pandemic. Despite significant progress during recent years, the adoption level of digital technologies particularly for financial services among population and entrepreneurs still needs to be developed. This article applies time series regression analysis and finds the existence of positive relationship between digitalization of business activities exemplified by e-commerce and the amount of credit funds allocated micro, small and medium business entities. The authors suggest about the existence of other factors that contribute to financial inclusion of small and medium-sized enterprises.
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| first_indexed | 2024-03-08T16:55:16Z |
| format | Article |
| id | doaj.art-bfe217878f754ba2b90908327e71feca |
| institution | Directory Open Access Journal |
| issn | 2067-3310 2067-7669 |
| language | English |
| last_indexed | 2024-03-08T16:55:16Z |
| publishDate | 2023-12-01 |
| publisher | Editura Universitatii Agora |
| record_format | Article |
| series | Agora International Journal of Economical Sciences |
| spelling | doaj.art-bfe217878f754ba2b90908327e71feca2024-01-05T03:03:00ZengEditura Universitatii AgoraAgora International Journal of Economical Sciences2067-33102067-76692023-12-0117210.15837/aijes.v17i2.6435THE IMPLEMENTATION OF DIGITAL CHANNELS IN BUSINESS PROCESSES AND ACCESS TO FINANCE FOR MSMES IN AZERBAIJANNazrin AkhundzadaInara Rzayeva Digitalization is assessed as a factor contributing to the sustainable growth of business entities. Implementation of digital solutions has been recognized as a key tool stimulating expansion and development of micro, small and medium enterprises into the economy. Micro small and medium enterprises represent a vast majority of firms in Azerbaijan. Limited access to financial resources is one of the key challenges exhibited by this size of enterprises. The rate of usage of online services by firms accelerated after COVID-19 pandemic. Despite significant progress during recent years, the adoption level of digital technologies particularly for financial services among population and entrepreneurs still needs to be developed. This article applies time series regression analysis and finds the existence of positive relationship between digitalization of business activities exemplified by e-commerce and the amount of credit funds allocated micro, small and medium business entities. The authors suggest about the existence of other factors that contribute to financial inclusion of small and medium-sized enterprises. https://univagora.ro/jour/index.php/aijes/article/view/6435 |
| spellingShingle | Nazrin Akhundzada Inara Rzayeva THE IMPLEMENTATION OF DIGITAL CHANNELS IN BUSINESS PROCESSES AND ACCESS TO FINANCE FOR MSMES IN AZERBAIJAN Agora International Journal of Economical Sciences |
| title | THE IMPLEMENTATION OF DIGITAL CHANNELS IN BUSINESS PROCESSES AND ACCESS TO FINANCE FOR MSMES IN AZERBAIJAN |
| title_full | THE IMPLEMENTATION OF DIGITAL CHANNELS IN BUSINESS PROCESSES AND ACCESS TO FINANCE FOR MSMES IN AZERBAIJAN |
| title_fullStr | THE IMPLEMENTATION OF DIGITAL CHANNELS IN BUSINESS PROCESSES AND ACCESS TO FINANCE FOR MSMES IN AZERBAIJAN |
| title_full_unstemmed | THE IMPLEMENTATION OF DIGITAL CHANNELS IN BUSINESS PROCESSES AND ACCESS TO FINANCE FOR MSMES IN AZERBAIJAN |
| title_short | THE IMPLEMENTATION OF DIGITAL CHANNELS IN BUSINESS PROCESSES AND ACCESS TO FINANCE FOR MSMES IN AZERBAIJAN |
| title_sort | implementation of digital channels in business processes and access to finance for msmes in azerbaijan |
| url | https://univagora.ro/jour/index.php/aijes/article/view/6435 |
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