The Analysis of Financial and Non-Financial Support to the Sector of Small and Medium Enterprises in the Republic of Srpska

Abstract

Summary: The aim of this paper is to analize the role and importance of financial and non-financial instruments of supporting the sector of small and medium enterprises (SMEs) in the Republic of Srpska (RS).

Instrumenty niefinansowe wspierające powstawanie nowych firm jako element lokalnych polityk publicznych wobec przedsiębiorczości

“…Previous research strongly proves that local governments focus on creating conditions for the establishment and development of enterprises through their use of financial instruments (Rodzinka 2020). At the same time, little is written about non-financial forms of entrepreneurship support (Chomiak-Orsa and Flieger 2018), and, in particular, their effectiveness (Sašić 2015). It is interesting that local governments located in the west of Poland focus more on non-financial instruments (being aware that they are not tools that have a stronger impact on entrepreneurship than various forms of non-financial support), while local governments in the south and east prefer financial forms of support.…”