SPECIFIČNI PROBLEMI FINANSIRANJA MALIH I SREDNJIH PREDUZEĆA U REPUBLICI SRBIJI

Vojislav Simić

doi:10.51738/Kpolisa2024.21.1r.101s

Authors

Vojislav Simić Nezavisni istraživač

DOI:

https://doi.org/10.51738/Kpolisa2024.21.1r.101s

Keywords:

financing of small and medium enterprises, problems, guarantee fund, Republic of Serbia

Abstract

The goal of the paper is to point out specific problems in the financing of small and medium-sized enterprises (SMEs) in Serbia. It has been shown both through the research of professional literature and through concrete scientific research that SMEs are most often in a problem to sustain themselves for the reason that they are not in a position to find means for work and progress, but also that they are familiar with it either to a small extent or they are not familiar at all. It was established that SMEs note that favorable loans are unavailable to them and that they survive and develop in the largest percentage by the capital of the owners themselves or their relatives and friends. If we take into account the importance that SMEs have in the growth of the national economy, it is necessary for the state to find a way to enable them to develop and grow without hindrance. Guarantee funds are a very important source of financing for SMEs, which act as a guarantee that SMEs will return the loan to the banks. Another segment that represents an obstacle in the trust of the state, banks and other financial institutions in SMEs is the fact that companies are founded and closed for the purpose of money laundering.

Downloads

Download data is not yet available.

References

Annual Report on European SMEs 2021/2022 (2022). https://www.een.rs/wp-content/uploads/2022/06/SME-AR-2021_22_FinalReport.pdf

Bjelajac, Ž. (2008). Korupcija kao vid organizovanog kriminala [Corruption as a Form of Organized Crime]. Pravo – teorija i praksa, 25(3-4): 47–54.

Bjelajac, Z. (2011). Contemporary tendencies in money laundering methods: Review of the methods and measures for its suppression. The Research Institute for European and American Studies – RIEAS, Research paper, No.151: 1–22.

Bjelajac, Ž. (2015). Korupcija kao izazov savremenog demokratskog društva [Corruption as a Challenge of Contemporary Democratic Society]. Kultura polisa 12(26): 43–57.

Centre for Entrepreneurship (2009). SMEs and Local Development, OECD. The Impact of the Global Crisis on SME and Entrepreneurship. Financing and Policy Responses. https://www.oecd.org/cfe/smes/theimpactoftheglobalcrisisonsmeandentrepreneurshipfinancingandpolicyresponses.htm

De la Torre, A., Pería Martínez, M. S. & Schumkler, S. (2008). Bank Involvement with SMEs: Beyond Relationship Lending. World Bank Development Economics Research Group. https://openknowledge.worldbank.org/bitstream/handle/10986/6670/wps4649.pdf?sequence=1

European Commission. (2023). Internal Market, Industry, Entrepreneurship and SMEs. https://single-marketeconomy.ec.europa.eu/smes/sme-definition_en

Erić, D., Beraha, I., & Đuričin, S. (2011), Financing innovative small and medium–sized enterprises in times of crisis. Romanian Journal of Economics, vol.33, issue 2 (42), 59–74.

Erić, D., Beraha, I., Đuričin, S., Kecman, N., & Jakišić, B. (2012). Finansiranje malih i srednjih preduzeća u Srbiji. [Financing of small and medium enterprises in Serbia]. Privredna komora Srbije, Beograd.

Girardi, A. & Ventura, M. (2014). Partial credit guarantees and SMEs financing. Journal of Financial Stability, Volume 15, 182–194.

International Finance Corporation (IFC). (2010). The SME Banking Knowledge Guide. http://www.ifc.org/wps/wcm/connect/b4f9be0049585ff9a192b519583b6d16/SMEE.pdf?MOD=AJPERES.

Izveštaj o malim i srednjim preduzećima i preduzetništvu (2018). [Report on small and medium enterprises and entrepreneurship] https://privreda.gov.rs/sites/default/files/documents/2021- 08/Izvestaj-MSPP-2018_FIN.pdf

Martini, M. (2013). Reducing bureaucracy and corruption affecting small and medium enterprises. http://www.transparency.org/whatwedo/answer/reducing_bureaucracy_and_corruption_affecti ng_small_and_medium_enterprises

Mostapha, N., F. (2016). Financing of small and medium-sized enterpises (SMES) in developing coutries. The 2016 WEI International Academic Conference Proceedings, Boston, USA, 169–177.

Paunović, B., & Novković, N. (2003). Mogućnosti i izvori finansiranja malih i srednjih preduzeća. [Possibilities and sources of financing for small and medium enterprises]. PTEP 7(2003)1-2, 12–15.

Timmons, J. A. (1990). New Venture Creation: Entrepreneurship in the 1990s, 3rd edition. Irwin, Homewood, IL. Google Scholar.

Narodna skupština Republike Srbije [Narodna skupština]. (2021). Zakon o računovodstvu [Accounting law]. (Službeni glasnik RS, br. 73/2019, 44/2021 – dr. zakon)