<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Increasing competitiveness of small and medium enterprises, especially in the situation of growing economic globalization in the member countries of European Union and internationalization of activity of such enterprises, requires overcoming numerous obstacles the enterprises have to face. One of the most substantial of them is deficiency of means for the enterprises’ growth, particularly the means earmarked for innovative activity. This is mainly the consequence of lack of knowledge about how the enterprises could gain financial means from the alternative financing sources. This hinders establishing the optimal configuration of financing for an enterprise. Consequently, the purpose of the paper to improve enterprises’ access to external capital so as to be able to carry out the investments oriented towards strengthening of the enterprises and launching innovative products and services. The main result of research (sample of Polish SME) is preparing of advanced system of financing including alternative forms of financing of SME on each stages of their life cycle, connected with multicriteria forms of their assessment.</p></abstract>

Increasing competitiveness of small and medium enterprises, especially in the situation of growing economic globalization in the member countries of European Union and internationalization of activity of such enterprises, requires overcoming numerous obstacles the enterprises have to face. One of the most substantial of them is deficiency of means for the enterprises’ growth, particularly the means earmarked for innovative activity. This is mainly the consequence of lack of knowledge about how the enterprises could gain financial means from the alternative financing sources. This hinders establishing the optimal configuration of financing for an enterprise. Consequently, the purpose of the paper to improve enterprises’ access to external capital so as to be able to carry out the investments oriented towards strengthening of the enterprises and launching innovative products and services. The main result of research (sample of Polish SME) is preparing of advanced system of financing including alternative forms of financing of SME on each stages of their life cycle, connected with multicriteria forms of their assessment.

Advanced System of SME Financing in Market Economy

Zagreb International Review of Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Advanced System of SME Financing in Market Economy"}

Increasing competitiveness of small and medium enterprises, especially in the situation of growing economic globalization in the member countries of European...

Advanced System of SME Financing in Market Economy

Publicado en línea: 06 abr 2019

Páginas: 15 - 23

DOI: https://doi.org/10.2478/zireb-2019-0002

Palabras clave
small and medium enterprises, alternative financing sources, financing system of enterprises

© 2019 Jerzy Różański, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Advanced System of SME Financing in Market Economy

Publicado en línea: 06 abr 2019

Páginas: 15 - 23

DOI: https://doi.org/10.2478/zireb-2019-0002

Palabras clavesmall and medium enterprises, alternative financing sources, financing system of enterprises

© 2019 Jerzy Różański, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Palabras clave
small and medium enterprises, alternative financing sources, financing system of enterprises