Credit standards and factors affecting their strictness in the segment of SMEs in the Slovakia

Ključnikov, Aleksandr; Majková, Monika Sobeková; Vincúrová, Zuzana

doi:10.14254/2071-8330.2018/11-1/12

Cited by 2 publications

(2 citation statements)

References 41 publications

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“…It is not only external indicators that determine the behavior of banks. Domestic credit standards also affect loan activity of banks and SMEs (Kljucnikov, Sobekova, & Vincurová, 2018). Research results show that SMEs consider the standards quite strong; at the same time, for different types of companies, these indicators are different.…”

Section: Literature Reviewmentioning

confidence: 96%

SMEs debt financing in the EU: on the eve of the coronacrisis

Polishchuk

Kornyliuk

Lopashchuk

et al. 2020

Banks and Bank Systems

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SMEs are the main drivers of economic development. As the debt crisis and coronavirus crisis show, despite their importance, they are extremely sensitive to economic downturns. Therefore, SMEs need to be supported through various tools. The paper is aimed at evaluating the SMEs’ bank and governmental support in the northern and southern EU countries in two crisis periods and assessing the financial state of SMEs on the eve of coronacrisis using micro-level data. It was proved that bank loans and credit lines remain the main sources of SMEs’ financing. After the debt crisis, banks are becoming more loyal to SMEs.It was proved that SMEs from the northern EU countries suffered less from the previous crisis and therefore started their recovery earlier than the southern ones in terms of profitability, liquidity and debt burden. In addition, it was shown that both groups on the eve of the new turbulence period were in better financial state compared to the previous debt crisis. The southern EU countries suffered more from both crises. At the same time, due to effective governmental support and bank loyalty, their SMEs entered the coronacrisis at the same level of financial stability as the northern ones. Since the new support measures are concentrated primarily in the banking sector through loan guarantee schemes and reduced interest rates, it is essential to provide debt financing to high-quality borrowers and avoid the debt crisis in southern counties.

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Section: Literature Reviewmentioning

confidence: 96%

SMEs debt financing in the EU: on the eve of the coronacrisis

Polishchuk

Kornyliuk

Lopashchuk

et al. 2020

Banks and Bank Systems

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“…Differences between student attitudes are significant. Kljucnikov et al (2018) point out the need for the exploration of access to financial resources in co-operation with credit risk.…”

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confidence: 99%

English Українська Last number About Journal For author For reviewer Archive 3'2018 Content Evaluation of state aid for entrepreneurs and their access to financial resources: students' attitudes in Czech Republic, Poland and Slovakia

Dvorský¹,

Rózsa²,

Petráková³

et al. 2018

MMI

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The article's aim is to find out whether student's nationality influences the assessment of access to financial resources, state support for entrepreneurship, and students' inclination to start a business after graduating from college. The questionnaire was completed by 1352 students: 409 from 14 CR universities; 375 from 3 PL universities and 568 from 8 universities in SR. To meet the goal of the article, mathematical statistics such as chi-squared test, pivot tables, z-score, and descriptive statistics were used. One of the most significant findings is that there were significant differences between the students of different nationalities when assessing access to financial resources. The most significant interest in after graduation entrepreneurship was seen in students from Poland (38.1%), then from Slovakia (35.7%), and the least interest was demonstrated by the students from Czech Republic (26.9%). Students from Czech Republic (25.9%) and Slovak Republic (17.4%) had significantly different views on the quality of legal conditions for entrepreneurship in their countries. Students from Czech Republic evaluated access to external resources and payment discipline as being the worst (27.4%), as compared to the ratings by the students from Slovakia (22.4%) and Poland (19.5%). In addition to state support and access to financial resources, other essential factors are: the social environment in the country (family, society, politicians, the media); macroeconomic environment (statistical indicators-GDP, employment, inflation); quality of the business environment (administrative burden on entrepreneurs, improving the situation of business entities compared to the situation in the business environment 5 years ago); quality of higher education (university education system, acquired knowledge and their subsequent application), etc.

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Credit standards and factors affecting their strictness in the segment of SMEs in the Slovakia

Cited by 2 publications

References 41 publications

SMEs debt financing in the EU: on the eve of the coronacrisis

SMEs debt financing in the EU: on the eve of the coronacrisis

English Українська Last number About Journal For author For reviewer Archive 3'2018 Content Evaluation of state aid for entrepreneurs and their access to financial resources: students' attitudes in Czech Republic, Poland and Slovakia

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