scholarly journals Restrictive Factors for Micro-Company Growth in Latvia

2020 ◽  
Vol 1 (14) ◽  
pp. 238-248
Author(s):  
Ilona Beizitere ◽  
Biruta Sloka ◽  
Ieva Brence
Keyword(s):  
Business Development ◽  
Limiting Factors ◽  
Small Enterprises ◽  
Scientific Publications ◽  
Entrepreneurship Development ◽  
Growth Increase ◽  
Restrictive Factors ◽  
The Republic ◽  
Company Growth ◽  
The Impact

Every country is interested in entrepreneurship development as entrepreneurs form the basis for economic development, so academic researchers are looking for supportive and restrictive factors in business development. In Latvia, the majority of companies are micro and small enterprises. The aim of the paper is to investigate the restrictive factors related to the successful development of the company in Latvia, depending on the number of employees. Tasks of the research - evaluate the limiting factors influencing the development of micro-companies; find the most important factors that limit the involvement of employees and experienced managers in companies in the country, regions; compare the impact on companies by number of employees. Applied research methods: scientific publications and previous research analysis; survey of companies related of different aspects of business development; deeper analysis on factors limiting entrepreneurship development. The general population consists of all active companies registered in the Register of Enterprises of the Republic of Latvia in strategically important sectors. A questionnaire of our survey was developed for companies selected at random and the replies of 2511 companies, of which 1879 were micro-enterprises, were considered valid. The technical fieldwork of the survey was conducted by the Marketing and Public Opinion Research Center (SKDS) (interviewers conducted as CAWI - computerized web interviews). Data analysis was performed by SPSS, the main indicators of descriptive statistics were used for the analysis of survey data: indicators of central tendency or location - arithmetic mean, mode, median; indicators of variability - standard deviation, standard error of mean, range; cross-tabulations by regions and by number of employees, analysis of variance - ANOVA and factor analysis with varimax rotation. The results point to the main restrictions on business growth: increase of expenses on labour or production and unavailability of qualified employees or experienced managers.

scholarly journals THE IMPACT AND THE ROLE OF THE SMALL AND MEDIUM ENTERPRISES ON THE EMPLOYMENT IN THE REPUBLIC OF MACEDONIA

2018 ◽  
Vol 28 (1) ◽  
pp. 105-110
Author(s):  
Snezana Bardarova ◽  
Marija Magdincheva-Shopova ◽  
Monika Markovska ◽  
Bozhidar Milenkovski
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
High Rate ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Republic Of Macedonia ◽  
Area Of Interest ◽  
The Republic ◽  
Medium Enterprises ◽  
The Impact

Current developments in the global and national economics point to a number of problems faced by real entities in the real sector, and as a special area of interest for the scientific public there is a need to provide conditions for the smooth running of the reproduction processes in the enterprise and the realization the positive results of the operation. Enterprises are drivers of inclusive economic growth in the Republic of Macedonia and in creating productive and sustainable jobs.The new conception of the small enterprise as a carrier and engine of economic development is quite persuasive with its economic logic and reaffirms the small enterprise as a significant economic sector. The activities within the small enterprises are aimed at intensifying the results of the work by achieving a balance between objective possibilities and good working principles. The monitoring of the small enterprise, through the prism of its influence on economic growth and development, rejects the traditional view for small enterprises as security guards.The SME sector is a driver of inclusive economic growth in Macedonia and the creation of sustainable jobs increasing productivity. It also does not agree with the notion that small enterprises are economically inefficient organisms.With the third technological revolution in the countries with a developed market economy, the domination of the so-called. small economy, that is, the sector of small and medium enterprises. Today, small enterprises have a growing number of supporters who believe that small enterprises are carriers of innovation and entrepreneurship and are able to react quickly to changes in the environment. For years, the Republic of Macedonia has faced a high rate (29%, June 2013) of general unemployment, which remains a key challenge for stabilizing the economic and social development of the country. The subject of research in this paper is focused on conducting analysis of the active enterprises in the Republic of Macedonia by size, by sector and by number of employees, as well as analysis of the activity of the population and employment by sectors and by type of ownership of the enterprise in the period from 2013-2017.

Optimization of Taxation and Accounting As a Condition of Small Innovative Business Development

2021 ◽  
Vol 9 (4) ◽  
pp. 67-75
Author(s):  
M. Protasov ◽  
A. Aynazarov ◽  
R. Ahmadeev ◽  
T. Morozova
Keyword(s):  
Small Businesses ◽  
Business Development ◽  
Deterrent Effect ◽  
Small Enterprises ◽  
Accounting System ◽  
Complex Effect ◽  
Wide Range ◽  
Tax Benefits ◽  
Holding Back ◽  
The Impact

The article assesses the impact of the tax burden and optimization of the accounting system on the deterrent effect of choosing an innovative direction of activity by small businesses. Based on the results of the study, it was determined that the range of tax benefits and simplifications for accounting provided is quite a wide range and cannot be a deterrent to choosing an innovative type of activity. At the same time, a rather low innovative activity of small business was noted. Despite the fact that small innovative business has the ability to optimize taxation and accounting, many other factors have a complex effect on the choice of companies' activities, which leads to the effect of holding back the development of small enterprises in the innovative sector of the economy.

FACTOR ANALYSIS IN THE SMALL BUSINESS MANAGEMENT SYSTEM

2021 ◽  
Vol 3 (10) ◽  
pp. 57-62
Author(s):  
Yu. V. Korechkov ◽  
◽  
V. A. Kvasha ◽  
V. A. Kozlov ◽  
◽  
...  
Keyword(s):  
Factor Analysis ◽  
Small Business ◽  
Management System ◽  
Business Development ◽  
Small Enterprises ◽  
Market Failures ◽  
Small Business Development ◽  
Logical Method ◽  
The Impact

The article examines the elements of factor analysis in the management system of small and individual entrepreneurship. It is shown that factor analysis shows the degree of influence of each variable on the financial condition of a small enterprise and individual entrepreneurs. It is revealed that the transformation of approaches to managing the economy of small enterprises and individual entrepreneurs can improve the efficiency of their activities, competitiveness in the market environment, which will lead to an increase in the socio-economic importance of the small business sector. The classification of external and internal factors of the development of small business and individual entrepreneurship is given. The analysis of the factors of small business development showed that in an unstable economic situation and the emergence of crisis phenomena in the economy, the sustainability of small business depends on the implementation of the totality of all factors. The study uses a systematic approach to conducting factor analysis, statistical and graphical methods of research. The concept of factor analysis has been clarified, the author’s classification of factors for the development of small business has been given. The impact of market failures on the activities of small enterprises and individual entrepreneurs was identified on the basis of the structural and logical method. The use of the structural-logical method allowed us to identify market failures that have an impact on small businesses. The importance of small business development infrastructure is revealed, which ensures the active interaction of all its elements, strengthens the feedback between business and government structures.

scholarly journals THE EVALUATION OF SMALL BUSINESS GROWTH IN THE REGIONS

2021 ◽  
Author(s):  
Iryna Sydoruk
Keyword(s):  
Small Business ◽  
Business Development ◽  
Small Enterprises ◽  
Social Significance ◽  
Business Growth ◽  
Small Business Development ◽  
Personnel Costs ◽  
Integrated Index ◽  
Small Business Growth ◽  
The Impact

The article offers a methodical approach to determining the level of small business growth in the regions of Ukraine, based on the calculation of the integrated index. Small business is an important component of region’s economy, but its role and importance in socio-economic development vary depending on the heterogeneous industrial development of the regions. There is a need for a comprehensive assessment of the level of small business development to identify growth points and areas of support. In author’s opinion, the indicators of small business development currently used to determine the effectiveness of the implementation of regional programs to support small business do not reflect the impact of small business activities on the regional development at all. The author focuses the reader’s attention on determination of the level of development of small business and its role in the economy of the regions using the method of integrated index. This index is taken into consideration the extensiveness, intensity and social significance of small business. The coefficient of extensiveness is the share of small enterprises in the total number of enterprises in the region; the intensity coefficient is the share of the volume of products (goods, services) sold by small enterprises in the total volume of products (goods, services) sold in the region. The social significance of small business is calculated as the geometric mean of the product of the share of employees in small enterprises in the total number of employees in enterprises of the region and the share of personnel costs of small enterprises in total personnel costs of all enterprises in the region. The calculation of the general index of small business development in the regions is provided in the article. It allows to draw conclusions that small business has the greatest impact on the development of Kherson, Chernivtsi and Kirovohrad regions, and the least - on the development of Donetsk and Dnipropetrovsk regions. The article concludes by outlining prospects for further research. The analysis of indicators of extensiveness, intensity and social significance of small business makes it possible to highlight the problems that hinder its successful growth in the regions and require concentration of efforts for urgent solution.

THE USE OF A SYSTEM STATISTICAL INDICATORS FOR ASSESSING THE DEVELOPMENT OF SMALL BUSINESS IN THE REPUBLIC OF UZBEKISTAN

2020 ◽  
Vol 6 (3) ◽  
pp. 21-28
Author(s):  
Aziza Kalanova ◽  
Keyword(s):  
Growth Rate ◽  
Small Business ◽  
Business Development ◽  
Small Enterprises ◽  
Economic Activities ◽  
Small Business Development ◽  
Legal Provisions ◽  
The Republic ◽  
State Programs ◽  
Statistical Indicators

The article considers the criterion and indicators used to assess small business in the Republic of Uzbekistan, in particular, State programs for the development of small business, regulatory and legal provisions, basic statistical indicators of small business development. For example, the share of small business in GDP for 2000 –2019, the share of small business in major economic activities for 2011 –2019, the number of registered enterprises for 2011 –2019, as well as the growth rate operating small enterprises for 2015 –2019.

scholarly journals An Analysis of the Development of Entrepreneurship in the Republic of Serbia with a Special Focus on Female Entrepreneurship

JWEE ◽  
2019 ◽  
pp. 1-16
Author(s):  
Snežana Radukić ◽  
Jelena Petrović
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Transition Countries ◽  
Gdp Per Capita ◽  
Special Focus ◽  
Female Entrepreneurship ◽  
Entrepreneurship Development ◽  
Per Capita ◽  
The Republic ◽  
The Impact

Entrepreneurship is a significant factor of the economic development of developed and transition countries. In the literature, special attention is paid to the entrepreneurship development and its impact on the economic growth and economic development of the transition countries. However, insufficient attention is paid to economic growth as a factor of the entrepreneurship development in transition countries. The purpose of the paper is to analyze the impact of economic growth on the entrepreneurship development in the Republic of Serbia and its regions. The results indicated that there is a statistically significant negative correlation between the gross domestic product (GDP) and the number of entrepreneurs as well as between GDP per capita and the number of entrepreneurs in the Republic of Serbia. Also, the results indicated that GDP per capita has a significant impact on the development of female entrepreneurship in the Republic of Serbia.

Entrepreneurship and institutions: Does the relationship exist at the regional level in Russia?

2018 ◽  
pp. 92-116 ◽  
Author(s):  
V. A. Barinova ◽  
S. P. Zemtsov ◽  
Y. V. Tsareva
Keyword(s):  
Entrepreneurial Activity ◽  
Small Enterprises ◽  
Banking Services ◽  
Entrepreneurship Development ◽  
Doing Business ◽  
High Investment ◽  
Administrative Procedures ◽  
The Impact ◽  
The Relationship ◽  
Economic Crimes

Despite many governmental support programs, the entrepreneurship development in Russia is still very uneven. In this article we analyze numerous studies on entrepreneurship and find out that the institutional background in general and in certain regions is very important for the development of entrepreneurship. The risks of doing business, the complexity and duration of administrative procedures, access to capital, regulation and informal community norms are of extreme importance. The aim of this paper is to identify regional institutional factors for the development of small enterprises in Russia. With the help of the proposed econometric model we show that high investment risks and large number of economic crimes are significant deterrents for the entrepreneurial activity in Russia. The banking services’ availability and the proximity of large markets, combined with the human capital concentration, contribute to the entrepreneurship development. The impact of state support turned out to be not significant. We formulate some policy advice for entrepreneurship support in Russia.

scholarly journals CURRENT CHALLENGES FOR THE ECONOMIC DEVELOPMENT OF SMALL ENTERPRISE IN UKRAINE

2021 ◽  
Author(s):  
Tetiana Pikhniak
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Development ◽  
Limiting Factors ◽  
Small Enterprise ◽  
Working Capital ◽  
State Support ◽  
Business Entities ◽  
The Impact ◽  
Small And Medium Business

The article investigates the problematic issues of small business development in difficult socio-economic conditions. The current state of development of business entities as a result of the introduction of quarantine as a result of COVID-19 is analyzed. Emphasis is placed on providing jobs for small businesses, as well as other factors that have a direct impact on their activities and development. The defining characteristics and problems of the main segments of entrepreneurship are clarified: individuals - entrepreneurs, micro-enterprises, small enterprises. Attention is paid to the main characteristics of small businesses: prevalence, geographical location, employment, productivity and the predominant field of activity. The main obstacles to the activities of small businesses are systematized, in particular: lack of access to finance, lack of a state support system, low level of innovation, limited opportunities for exports, excessive tax pressure, corruption. A group of limiting factors that currently affect the conditions of doing business is considered. These include: systemic factors, the impact of which can be eliminated or minimized as a result of the implementation of business development strategy and "background" factors that characterize the impact of the external environment on business and form the general conditions of its development. The study substantiates the importance of state support for the development of small businesses. The real state of support of small and medium business by the domestic government is considered - temporary reliefs for business during quarantine: reduction of financial obligations of small businesses to the state, provision of financial and consulting products on favorable terms: loan to replenish working capital, refinancing investment and working capital loans, deferred repayment of loans, imposing a moratorium on tax audits during quarantine, partial mitigation of penalties for late registration of tax invoices, non-payment of taxes, non-compliance with agreements with partners and financial institutions. It has been found that small business support should be comprehensive and on an ongoing basis. The ways of overcoming negative factors and factors for small and medium business in the future are offered: continuation of preferential conditions for enterprises, creation of anti-crisis fund, realization of credit programs, development of venture capital, creation of programs, directions. small business.

DIGITALIZATION OF BUSINESS. SMALL BUSINESS PROBLEMS IN THE CONTEXT OF PANDEMIC AND SUPPORT MEASURES

2021 ◽  
Vol 2 (196) ◽  
pp. 26-34
Author(s):  
N.V Altufeva ◽  
Keyword(s):  
Small Business ◽  
Business Development ◽  
Research Centre ◽  
Small Business Development ◽  
Advantages And Disadvantages ◽  
Support Measures ◽  
Republic Of Bashkortostan ◽  
Pros And Cons ◽  
The Republic ◽  
The Impact

The purpose of this study is to identify the problems of small business development in the context of digitalization, followed by the development of a set of measures to support business in the regions of Russia. In accordance with the goal, the author sets the following tasks: to analyze business development in the context of a pandemic and digitalization; to identify the advantages and disadvantages of the impact of digitalization on business development; to develop a set of measures to support business. The scientific novelty consists in identifying the key problems of business development in the context of digitalization and adaptation of innovations and investments in the digital business of the Republic of Bashkortostan. The analysis of business development based on the results of the research of the NAFI Research Centre is carried out. The problems, pros and cons of business development in the context of digitalization are considered. A set of measures for the development and support of business is suggested, including the development of a law on the protection of business in the Internet, which will provide support in the field of legal and information security for small and medium-sized businesses.

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