Business angels as an alternative to financial support at the early stages of small businesses’ life cycle

Pedchenko, Nataliya; Strilec, Victoria; Kolisnyk, Galina M.; Dykha, Mariia V.; Фролов, Сергій Михайлович

doi:10.21511/imfi.15(1).2018.15

Cited by 12 publications

(5 citation statements)

References 11 publications

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“…Furthermore, it is also known that the longest MSEs are operating for 45 years, and the shortest MSEs have only been running for one year. According to Pedchenko et al (2018), the average business length of 10 years is classified at the establishment stage. At the establishment stage, it was stated that the longer the business had been operating, the more experienced the owner of the MSEs managed his business.…”

Section: Graph 5: the Business Duration Of Msesmentioning

confidence: 99%

Internal Control and Risk Management Issues on The Sustainability Micro and Small Enterprises in Indonesia

Utami¹,

Nugroho²

2021

BİLTÜRK Journal of Economics and Related Studies

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The abstract has to be written within 250 words maximum and followed by three to five keywords. The micro and small business segment is the majority of business actors in Indonesia. Therefore, micro and small enterprises (MSEs) are the backbone of Indonesia's economy and focus on all stakeholders' attention. This study aims to analyze the factors that can affect the sustainability of micro and small businesses. These factors are internal control and risk management. The method used in this research is quantitative. The total population is all micro and small business actors around the Mercu Buana campus who do stationery and photocopies for campus needs. The number of samples that meet the requirements is 54 MSEs. The result of statistical data processing is that internal control significantly affects micro and small businesses' sustainability. Furthermore, risk management has no significant effect on the sustainability of micro and small businesses. Also, it is known that MSEs are businesses that have a dependency on the business owner. Therefore, the owner's business experience has an essential role in maintaining the sustainability of the MSEs business.

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Section: Graph 5: the Business Duration Of Msesmentioning

confidence: 99%

Internal Control and Risk Management Issues on The Sustainability Micro and Small Enterprises in Indonesia

Utami¹,

Nugroho²

2021

BİLTÜRK Journal of Economics and Related Studies

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“…For example, Nataliya Pedchenko, Victoria Strilec, Galina M. Kolisnyk, Mariia V. Dykha and Serhiy Frolov (2018) write that access to finance is one of the key issues for small business entities in the process of their creation, existence and development. The study of the current state of small business in Ukraine points to financial difficulties at the initial stages of the life cycle, which determine the need to increase the value of alternative sources of external financing and provide an instrument for governments and other stakeholders to understand the financing needs of enterprises.…”

Section: Analysis Of Recent Research and Publicationsmentioning

confidence: 99%

Innovation Component of Polystructural Process of Formation and Diagnostics of Economic Security of Enterprise

Степанов¹

2019

Agrosvit

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For the first time, the use of the V&V concept for the diagnosis of economic security of agricultural enterprises was proposed. This study creates regulatory models for enterprises to make the best decisions in the network of values, when the goal is an efficient and structurally reliable cooperation. The models use theoretical game concepts for multilateral decision making, which involves both cooperation and competition. The purpose of the article was to identify the innovative component of the polystructural process of forming and diagnosing economic security of the enterprise. From a conceptual point of view, it is useful to distinguish between the analysis and diagnostics of the system of economic security of an individual enterprise, from the analysis of economic security of a set of enterprises with clear group characteristics or models. Each individual enterprise or set of enterprises has its own peculiarities that arise as a result of changes in resources and circumstances in the context of local institutions and policies. They turn into productive activities, as well as enterprise consumption and decision-making activities. In this analysis, the system of economic security of a set of enterprises is defined as a combination of small and large enterprises, which, like a group, have similar patterns of life and consumption, as well as constraints and opportunities, and for which such development strategies and interventions would be appropriate. Often such systems have similar agroecological and market conditions. Enterprises usually make their decisions to maximize profits. Profit is the result of incoming and outgoing cash flows, which, on the one hand, depend on the success of the market, and, for example, on operating costs and capital costs, on the other. Consequently, future cash flows determine the level of success, as long as the cost of time is recorded. However, an accurate estimate of future cash flows at the time of the decision is usually unrealistic. Uncertainty, for example, the development of the market, the decisions of competitors, as well as future costs, give rise to high uncertainty in future cash flows. Вперше запропоновано використання V&V концепції при діагностиці економічної безпеки сільськогосподарських підприємств. Це дослідження створює нормативні моделі для підприємств для прийняття кращих рішень у мережі цінностей, коли метою є ефективне та структурно надійне співробітництво. Моделі використовують теоретико-ігрові концепції для багатостороннього прийняття рішень, що передбачає як співпрацю так і конкуренцію. Метою статті стало визначення інноваційної складової поліструктурного процесу формування та діагностики економічної безпеки підприємства. З концептуальної точки зору, корисно розрізняти аналіз та діагностику системи економічної безпеки окремого підприємства, від аналізу економічної безпеки сукупності підприємств зі зрозумілими груповими характеристиками або моделями. Кожне окреме підприємство або сукупність підприємств має свої специфічні особливості, що виникають внаслід...

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“…In view of the lack of investment resources that are essential for business entities' technical and technological modernization in order to solve high level of energy intensity problems in the context of fundraising, attention should be paid to alternative aid projects (see Pedchenko et al, 2018), for example, angel investments to modern technologies based on use of alternative energy sources.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessment of an enterprise’s energy security based on multi-criteria tasks modeling

Voynarenko

Dykha

Mykoliuk

et al. 2018

Problems and Perspectives in Management

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Today Ukrainian business entities operate in conditions of macroeconomic instability, environmental disturbance, energy dependence on risk of instable and interrupted supply and high cost of energy resources, excessive energy consumption and inefficient use of fuel and energy resources, which requires immediate actions as for finding solutions to ensure energy security. The goal of the article is to solve multi-criteria tasks focused on making managerial decisions regarding the development of enterprise energy security system based on evaluation of influence of numerous factors. As a result of this study, main components of energy security of the enterprise and most important influence factors are determined. The mathematical model of the hierarchy of factors in terms of their influence on the energy security of the enterprise with the use of graph theory is developed. Use of iterative procedure to determine the levels of hierarchy of factors allowed to assess the importance/priority of their influence on energy security of the enterprise. Thus, the developed model of hierarchy of factors based on the applied scientific and methodical approach to determine their influence on energy security of the enterprise provides the opportunity to get a detailed idea of factors interaction, interconnections and influence on energy security of the enterprise, which ultimately leads to elaboration of complex optimal/agreed managerial decisions in context of development and implementation of energy security system of the enterprise.

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Business angels as an alternative to financial support at the early stages of small businesses’ life cycle

Cited by 12 publications

References 11 publications

Internal Control and Risk Management Issues on The Sustainability Micro and Small Enterprises in Indonesia

Internal Control and Risk Management Issues on The Sustainability Micro and Small Enterprises in Indonesia

Innovation Component of Polystructural Process of Formation and Diagnostics of Economic Security of Enterprise

Assessment of an enterprise’s energy security based on multi-criteria tasks modeling

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