Influence of Environmental Factors and Impact on Financing Innovation of SMEs

Shakeyev, Sayan; Daribekov, Serik S.; Mutaliyeva, Lyailya; Khishauyeva, Zhanat; Kizimbayeva, Azhar

doi:10.14505//jemt.v12.5(53).10

Cited by 5 publications

(1 citation statement)

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“…Though small in size, these economic actors remain the biggest category of business in almost every economy on the planet. Their contribution to vital economic indicators is generally significant (Bunyaminu, et al, 2019;Civelek, 2021;Gyimah, et al, 2019;Leboea, 2017;Lu et al, 2020;Shakeyev et al, 2021). In Cameroon, Small and Medium Sized Enterprises constitute 99% of the business population.…”

Section: Introductionmentioning

confidence: 99%

Blended Finance: A Tool for Inciting Commercial Financial Institutions to Provide Financing for Machinery Acquisition for SMEs in Cameroon

NDIFOR Clement,

Musonda,

Gyampoh

2023

IJSMR

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As is the case of most economies around the world, the relevance of SMEs to the well-being of the Cameroonian economy is quite significant as they contribute meaningfully to employment creation, GDP as well as poverty alleviation. However, this category of businesses in Cameroon tends to implement very low levels of automation due to the lack of financing for equipment /machinery acquisition. This inevitably leads to high production costs and the inability to scale up production as multiple tasks are carried out manually. Certain opportunities cannot even be exploited as SMEs tend to congregate in sectors that are labor-intensive while avoiding technology and machinery-intensive sectors. Despite this situation, the OECD developed the blended finance tool which involves the usage of non-business funds such as developmental/ philanthropic funds to mobilize and orientate private capital towards sectors that will otherwise be neglected. It was therefore the purpose of this study to investigate if this tool can have a statistically significant impact on the willingness of financial institutions to finance machinery/ equipment acquisition in SMEs in Cameroon. Data collected from 232 bank and microfinance employees across Cameroon using a pretested questionnaire was analyzed using the One-way ANOVA analysis in SPSS. The results revealed a statistically significant impact of blended finance on the willingness of financial institutions to finance machinery/equipment acquisition in SMEs in Cameroon. It is therefore recommended that the governments as well as NGOs interested in SMEs make use of this tool to incite financial institutions to provide financing for this category of businesses.

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Section: Introductionmentioning

confidence: 99%

Blended Finance: A Tool for Inciting Commercial Financial Institutions to Provide Financing for Machinery Acquisition for SMEs in Cameroon

NDIFOR Clement,

Musonda,

Gyampoh

2023

IJSMR

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Ecological Initiatives and Their Influence on the Competitiveness and Sustainability of Companies: “Green” Strategies of SMEs

Tazhibekova,

Shametova

2024

J Knowl Econ

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Features of the “Green” strategies for the development of banks

Niyazbekova,

Zverkova,

Sokolinskaya

et al. 2023

E3S Web of Conf.

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Banking Green Strategies in 2023 represent an important trend associated with the active development of environmentally sustainable and socially responsible business practices. Today, when issues of environmental sustainability have become especially acute, more and more banks are focusing on green development strategies that allow them not only to reduce the risks of environmental disasters and improve their public image, but also to generate additional income. Green strategies for the development of banks include several key indicators that are aimed at minimizing the negative impact of banking on the environment and society as a whole. Green banking already has significant experience in the developed countries of the world and is becoming more and more popular. Russian banks are also beginning to show interest in this area, and, probably, in the coming years, green banking will develop more actively in Russia.

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Influence of Environmental Factors and Impact on Financing Innovation of SMEs

Cited by 5 publications

References 0 publications

Blended Finance: A Tool for Inciting Commercial Financial Institutions to Provide Financing for Machinery Acquisition for SMEs in Cameroon

Blended Finance: A Tool for Inciting Commercial Financial Institutions to Provide Financing for Machinery Acquisition for SMEs in Cameroon

Ecological Initiatives and Their Influence on the Competitiveness and Sustainability of Companies: “Green” Strategies of SMEs

Features of the “Green” strategies for the development of banks

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