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• W2979004074 abstract "Last twenty years small and medium enterprises (here and after —SME) play crucial role and make a great impact on the growth economy.Latest research shows their incresing part in GDP in the most highly developedcountries. High developed SME sector became a feature of wealthyeconomy and prosperous country.In the Investopedia the definition of SME looks like small and midsizeenterprises are businesses that maintain revenues, assets or a number ofemployees below a certain threshold. Every country and economic organizationhas its own definition of what is considered a small and medium-sized enterprise. In the United States, there is no distinct way to identifySMEs, but in the European Union, a small-sized enterprise is a companywith fewer than 50 employees, while a medium-sized enterprise is one withfewer than 250 employees.As statistics shows, more than 15,2 thousand of medium and 328thousand of small business representatives function in Ukraine. On theseenterprises more than 6.1 million employees are involved. This is not veryhigh indicators for such a big country as Ukraine. There is a range of obstacleswhich exist and do not allow SME to develop. Most of them weredescribed in huge number of scientific and popular literature. Amongthem there are:– Poor entrepreneurial culture in the countries. People do not knowhow to start and then how to run their businesses; risk of capital loosing isalso make potential entrepreneurs to refuse from further actions,– The pressure of authorities on SMEs decrease the incentives of development.The cost of running business is much higher because of thecorruption;– The strategy of SME development, does not fit general governmentpolicy of economic growth;– Poor literacy of knowledge about different finding sources leaveSMEs on the sidelines of financial flows;– The focus on only trading activity does not accept SMEs to createinnovations. This means that their competitiveness is lower than other innovativeenterprises. That is why for most SMEs the grant funding, whichsupports innovations, is closed; – Ukrainian banks nowadays are more strictly than before in risk assessmentsof business. The banks suffer from the lack of clients in SMEsector, but in the same time they must follow the requirements of CentralBanks.Situations can be changed with the adoption of a number of measuresin such directions: to develop modern and traditional instruments of SMEsprojects financing; to work out the tax incentives and instruments of developmentinnovations and investments in SME; to develop entrepreneurialculture as a background for the SMEs growth; to transform the ways ofgovernmental support of SMEs development in the context of global challenges;to measure of the effectiveness of international support programsfor the SMEs development; to propose new forms of business associationsand their role in the SMEs development; to identify the priority sectors ofsmall and medium enterprises as drivers of economic growth; to developsocial investments as a contribution to SMEs development.Due to this, the goal of the study is to find out the main changes in differentdirections of SME development in EU and Eastern-European countriesand to give recommendations for Ukrainian situation.Ukrainian situation.Mentioned issues were studied be such authors as: Ye. Polishchuk,M. Dyba, I. Britchenko, Т.Мayorova, І.Petrenko, P. Rubanov, O. Subochev,O. Yurkevych, O. Tymchenko, Yu. Sybirianska, Yu.Vasylyshen, Z.Varnalii,M. Romanyuk, D. Nikytenko, Z. Matsuk, V.Gura, I.Mazur, P. Jarosh, Iu.Gernego, O. Dyba, V. Dyba , I. Kubareva, P. Machashtchik, V. Lavrenenko ,N. Harashchenko , V. Vostriakova, I. Riepina, K. Riepin, L. Petrenko, A. Pavlenko,I.Pavlenko , Ch.Chyzhov, G. Shvydanenko, O. Borodkov , O. Pereverzieva,A.Ivashchenko, O. Chukurna, Yu. Danshina, O. Zubko, K. Kravets,T. Cherniavska, B. Cherniavskyi, Iu. Ignatova, N. Rudyk, M. Borowska.The materials of the monograph will be useful to researchers, managersof SMEs, representatives of government agencies implementing the statepolicy in the field of SMEs, as well as students studying finance and investment." @default.
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• W2979004074 date "2018-03-01" @default.
• W2979004074 modified "2023-09-27" @default.
• W2979004074 title "Development of small and medium enterprises: the EU and East-partnership countries experience: monograph" @default.
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