Access To Finance – Innovation Relationship In Post-Transition

Botrić, Valerija; Božić, Ljiljana

doi:10.18502/kss.v1i2.645

Cited by 3 publications

(1 citation statement)

References 29 publications

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“…In turn, the work of Xiao S., Zhao S. (Xiao -Zhao, 2012) analyze how financial development affects the innovative activities of companies, including the functioning of the stock market and the banking sector in countries with different levels of state ownership of banks. Problems of availability of financial and credit resources for innovative firms in the conditions of insufficiently developed financial sector of countries with transition economies are investigated in scientific works of Botric V., Bozic L. (Botric -Bozic, 2017). The scientific paper of Hudson J., Orviska M. (Hudson -Orviska, 2014) examines the role of the EU financial sector in providing firms with financial and credit resources to promote potentially successful R&D on the world market.…”

Section: Literature Reviewmentioning

confidence: 99%

Untitled

2020

Bul. Kar. Univ. - Econ.

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Object: Optimization and cost reduction of the enterprise as a type of activity are in the process of their formation and is manifested primarily in the abundance of models of both local processes and the development of "global" strategies. Methods: The analysis of activity of the enterprises of various spheres shows that, despite abundance of publications on optimization of expenses, it is seldom when enterprise can show a sample of the organization of this process. Contrariwise, the number of unprofitable enterprises indicates that there are serious problems in the organization of the system of optimization and cost reduction. The article uses content analysis. Findings: The strategy of cost optimization sets such tasks as identifying areas of cost reduction as a factor in improving economic performance, determining ways to reduce costs for the main stages of the economic cycle of the product, as well as the calculation of costs for the operating segments and production units of the enterprise. Conclusions: Taking into account that article is devoted to the optimization and, as a consequence, to cost reduction in the enterprise, the author substantiates the necessity for the optimization process and reveals the basic principles of cost optimization in the enterprise. Special attention is paid to the methods and methods of cost optimization, their advantages and disadvantages are revealed.

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Section: Literature Reviewmentioning

confidence: 99%

Untitled

2020

Bul. Kar. Univ. - Econ.

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Innovation and Skills Requirements in Post-transition Economies

Botrić

2022

Business Development and Economic Governance in Southeastern Europe

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Limitations of small and medium business lending in Kazakhstan: factors affecting access to finance

Krupina

Subalova

Селезнева

2021

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This paper aims to investigate factors affecting the access of small and medium-sized enterprises (SMEs)to external financing in Kazakhstan. The data set of this research is obtained from the Business Environment and Enterprise Performance Surveys (BEEPS) conducted by the World Bank in Kazakhstan in 2019. The results of the analysis showed that such factors as revenue, the availability of collateral, previously received loans, have a positive impact on the decision to grant a loan by financial institutions. However, the results of the analysis did not show a statistically significant effect of the size and age of the enterprise on access to credit, which was proved by a number of studies in other countries. The results of the analysis also showed that access to external financing is significantly limited for enterprises implementing innovative products or services, which is explained by the riskiness of these enterprises from the point of view of creditors. It is interesting to note that the analysis showed a statistically significant positive relationship between access to credit and a female manager, which proves that there is no discrimination on gender grounds when making a decision to issue a loan in Kazakhstan. The results obtained can be used to develop more effective conditions for lending to SMEs, as well as to improve scoring models for SMEs, where the main criteria may be the history and potential of the company, rather than the current financial situation and the availability of collateral.

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Access To Finance – Innovation Relationship In Post-Transition

Cited by 3 publications

References 29 publications

Untitled

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Innovation and Skills Requirements in Post-transition Economies

Limitations of small and medium business lending in Kazakhstan: factors affecting access to finance

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