Barriers to innovation in SMEs in the Republic of Serbia

Nikolić, Miroljub; Despotović, Danijela; Cvetanović, Dušan

doi:10.5937/ekonomika1504089n

Cited by 11 publications

(8 citation statements)

References 3 publications

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“…Studies have revealed that small and medium-sized enterprises (SMEs) have a lack of interest in practicing environmental and sustainability practices because of poor financial situations (Khattak 2020;Memon et al 2020). Moreover, it has also been scrutinized that a lack of financing hinders SMEs from investing in advanced technologies and innovative activities (Nikolić et al 2015).…”

Section: Introductionmentioning

confidence: 99%

Supportive tactics for innovative and sustainability performance in emerging SMEs

Ullah

Anwar

et al. 2021

Financ Innov

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For this research, we examined the influence of access to domestic and international financing on sustainability performance with a mediating role of innovative performance and a moderating role of access to government support. Data were collected from 317 small and medium-sized enterprises (SMEs) through structured questionnaires. The results indicated that access to domestic and international financing significantly contributes to sustainability and innovative performances. Accordingly, we found a partial mediating role of innovative performance between access to domestic financing and sustainability performance as well as between access to international financing and sustainability performance. Access to government support significantly moderates the relationship between access to domestic finances and innovative performance as well as between access to international finances and innovative performance. Practitioners and policymakers should encourage national and international financial institutions and banks to facilitate SMEs by lending them funds for innovative activities and sustainability performance. Moreover, the government should support SMEs, so that they can contribute to economic growth and the gross domestic product. The implications from these matters will be further discussed in this paper.

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Section: Introductionmentioning

confidence: 99%

Supportive tactics for innovative and sustainability performance in emerging SMEs

Ullah

Anwar

et al. 2021

Financ Innov

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“…SMEs can experience a wide-ranging set of difficulties during transition periods that negatively impact their business operations (Nikolić et al, 2015). In a study regarding the transition of the Serbian economy by Jovanović et al (2018) it was shown that policy makers should encourage and facilitate SMEs' effective responses to change; however, the article also emphasises that SMEs themselves must address the challenges via effective change management.…”

Section: Results and Discussion: Critical Change Factors For Smesmentioning

confidence: 99%

Challenges of change facing entrepreneurs and Kuwaiti SMEs

Bazie

Braganza

2020

Cogent Business & Management

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“…This type of innovation is occurring mostly in large companies that may have significant resources [13], but for small entrepreneurs it will be very difficult to reach these levels [14], while current conditions are preserved [15]. The aspects compiled in these results show great interest on the part of small entrepreneurs to innovate [16], the progress achieved confirms that innovation is a component that is being positioned in business management [17], however, tax and economic demands and access to sources of financing [18] may be factors that impact the process and delay it in comparison with the expected advances.…”

Section: Fig 4: Product Innovationmentioning

confidence: 85%

Innovation and its influence on organizational development: description of the process in Colombian SMEs

Rodelo¹,

Lopez²,

Palma³

2018

ces

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Innovation in small and medium enterprises (SMEs) is a challenge, due to the characteristics of this type of business. There are several factors that have an impact and should be analyzed, especially in this era of change and globalization. To observe from the perspective of SMEs, as has been the growth of innovation, the results of a descriptive / quantitative research are shown. For the study, a questionnaire was designed under the Likert scale, with key questions on innovation applied to 150 small companies in the city of Barranquilla; after the collection of responses from these companies, an analysis was carried out in SPSS to facilitate the understanding of the data. The most relevant results show that SMEs focus on innovating in existing processes and that new procedures or approaches are developed in an incipient way. The recommendations are aimed at empowering the actors influencing the SME process to promote more significant advances in this regard.

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Barriers to innovation in SMEs in the Republic of Serbia

Cited by 11 publications

References 3 publications

Supportive tactics for innovative and sustainability performance in emerging SMEs

Supportive tactics for innovative and sustainability performance in emerging SMEs

Challenges of change facing entrepreneurs and Kuwaiti SMEs

Innovation and its influence on organizational development: description of the process in Colombian SMEs

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