Theoretical and Applied Economics
No. 7 / 2010 (548)
SMEs Financing: the Extent of Need and the Responses of Different Credit Structures
University of Oradea
Abstract. Small and medium enterprises (SMEs) have a key role in developing national economies, but are often limited by lack of development support in financing business for reasons of information asymmetry, high risks, lack of collateral, unfavorable regulatory environment. The statistics show managers given constant importance of SMEs financing opportunities, bank credit pre-eminence over other forms of financing, the lack of viable alternatives for start-up and innovative companies, etc. Market concentration, alternative between transactional or relational lending, various types of banks; state owned, private owned, foreign, large or small, are analyzed to identify the availability for SME financing. Finally, it is recognized the importance of a diversified banking markets both in terms of supply, lending technologies, but also as bank institutions itself.
Contents
The Evolution of Early-Stage Entrepreneurial Activity Influencing Factors in Romania
Quantitative Methods for Evaluating the Informal Economy. Case Study at the Level of Romania
SMEs Financing: the Extent of Need and the Responses of Different Credit Structures
Input-Output Analysis and Demographic Accounting: A Tool for Educational Planning
Old Wine in New Bottles: Saving – Growth Nexus: Innovative Accounting Technique in Pakistan
Some Socio-Economic Effects of Labor Migration on Sending Countries. Evidence from Romania
Performance of Financial Control
Private Pensions in Romania. Management - Marketing - Effects and Expectations