Role Of Small Businesses Research Articles

XORAZM VILOYATI IQTISODIYOTINING RIVOJLANISHIDA KICHIK BIZNES VA XUSUSIY TADBIRKORLIKNING O‘RNI

This article discusses the role and importance of small business and private entrepreneurship in the economic development of Khorezm region, the role of small business and private entrepreneurship in the national economy. It analyzes the measures taken to develop the economic potential of the Khorezm region and their results in the field of small business and private entrepreneurship.

The Impact of Small Business Financing on The Digital Palestinian Economy

This study investigates the influence of financing on the digital economy of small businesses in Palestine. Through a combination of surveys and interviews with 50 Palestinian small business owners, the research reveals a nuanced relationship between financial support and its economic effects. The findings indicate that while some respondents experienced benefits such as enhanced competitiveness and market expansion, others encountered difficulties, suggesting the need for customized financial solutions. The study identifies prevalent financing mechanisms, including bank loans and government grants, and emphasizes the importance of specialized support programs in fostering entrepreneurship and generating employment. Job creation is highlighted as a significant economic impact, corroborating existing research on the role of small businesses in reducing unemployment and promoting economic stability. The study also addresses challenges related to financing, such as regulatory hurdles and political issues with international stakeholders, as noted in the literature. Overcoming these challenges is essential for maximizing the potential of small businesses in Palestine. Recommendations from respondents include simplifying regulations and enhancing collaboration between government bodies and financial institutions, offering practical measures to improve financial accessibility for small enterprises. This research contributes to a deeper understanding of how financing mechanisms can stimulate economic growth within the unique context of Palestine.

Роль малого бизнеса в реализации импортозамещающей стратегии развития российской экономики

Роль малого бизнеса в реализации импортозамещающей стратегии развития российской экономики

FAMILY BUSINESS IN UZBEKISTAN AND ITS ROLE IN PUBLIC LIFE OF THE PEOPLE (HISTORICAL AND SOCIAL ANALYSIS)

The article describes the history of the formation of family businesses in Uzbekistan, stages of development and opportunities created for entrepreneurs. The article talks about encouraging entrepreneurs and the role of the industry in the socio-economic development of the country. The role of small business and entrepreneurship in family entrepreneurship, the possibilities of its further expansion, as well as its social significance are described. The article analyzes the formation and development of family entrepreneurship and its role in the auxiliary industry in solving the problem of unemployment, its importance in ensuring employment of the population. Opinions were expressed on the continuation of the “Every Family is an Entrepreneur” program in order to create new jobs through family entrepreneurship, provide employment, and provide practical assistance to citizens who want to earn income through their own labor.

Региональная система поддержки малого предпринимательства в Приморском крае

The purpose of the article is to reveal the regional system of supporting the development of small businesses in the Primorsky Territory. To achieve this goal, the following tasks are set and solved in the article: the place and the role of small business in the modern economy have been characterized; the criteria for classifying business entities as small businesses have been identified in accordance with the current legislation; specific features of the development of Russian small business have been identified; the leading place of the Primorsky Territory among the regions of the Far-Eastern Federal District in the development of small businesses has been shown; the problems of small business development in the region have been substantiated. The author of the article reveals the system of measures used in the Primorsky Territory to support small businesses. In conclusion, it has been proved that the region has a comprehensive system of institutions for state support of entrepreneurial activity.

EMPOWERING SMALL BUSINESSES IN GEORGIA: ACCESS TO FINANCE, ECONOMIC RESILIENCE, AND SUSTAINABLE GROWTH

The role of small businesses in the global economy is pivotal, characterized by their flexibility, rapid adaptability, and significant contribution to job creation. Small businesses worldwide often need help securing funding, particularly in regions with the most pronounced financing gap. The article discusses small business financing, emphasizing the importance of capital access and the challenges posed by limited options. The COVID-19 impact underscores the critical role of financial support for small business resilience. Georgia serves as a case study, exemplifying the concerted efforts of government agencies and international organizations in promoting small business development. The article examines initiatives like "Enterprise Georgia," the Rural Development Agency, and the Innovation and Technology Agency. The banking sector's role in facilitating small business growth and the significance of financial awareness initiatives is examined. The article highlights various measures, including the credit guarantee scheme and commercial banks' role in enhancing financial access and awareness. Green banking and capital market development for sustainable economic growth are emerging priorities. Green financing initiatives and partnerships with organizations like the Fund for Green Growth exemplify a growing commitment to sustainability.However, the article also emphasizes the need for a comprehensive approach to capital market development in Georgia to diversify financing sources and reduce reliance on the banking sector. In summary, this article underscores the indispensable role of access to finance in sustaining small businesses worldwide, focusing on the proactive efforts and collaborative endeavors in Georgia, providing a blueprint for enhancing small business development and financial sustainability.

On the Role of Tax Planning in Small Business Entities

The article considers: the role of small business in the economy of states, theoretical and practical aspects of tax planning, tax burden management based on a critical analytical analysis of publications and the role of methodologies based on the analysis of indicators with which the amount of tax payments is correlated. Globalization and the growing challenges of the information and digital economy actualize the issues of: modernization of the Russian tax system in order to reduce the tax burden on business; simplification of the current system, increasing the importance of tax planning for all commercial organizations and small businesses as the most significant. The analysis of practical situations and financial indicators of small business enterprises gives grounds to assert that the management of the tax burden at small businesses is not carried out effectively enough, and with the use of illegal and labor-intensive methods. In addition, it is often associated with high risks for the "viability" of businesses and owners, since the optimization (minimization) of taxation is carried out using illegal methods and turns into tax evasion. In the course of the study, the author's methodology for calculating the smoothed integral indicator based on the use of tax burden coefficients for revenue, gross profit and net profit was tested. The results can be used by the management of commercial organizations to manage the tax burden, as well as by government agencies to optimize tax policy.

Export reprimarization and the role of small business: an analysis of the Brazilian case (2003-2015)

Abstract This paper assesses the phenomenon of “reprimarization” of Brazilian exports in the 2003-2015 period from a firm size perspective. Export “reprimarization” has been an important worldwide issue but more accentuated in Brazil. In this regard, the paper reveals important differences between exports of large and small firms regarding the proportion of exporting companies, total amount exported and, especially, export composition according to levels of technological intensity and product categories. It shows that the Brazilian export dynamics were deeply associated with the exporting behavior of large firms in the period. Responsible for the greatest part of total Brazilian exports, they presented exports relatively more concentrated in primary goods, benefiting more from the boom of commodities. Smaller firms tend to face bigger challenges to start exporting or to become successful exporters. Despite this fact, micro and small firms showed an export composition relatively less dependent on commodities and more dependent on higher technology-intensive products, therefore with important policy implications in favor of supporting their international activity. Keywords: exports; Brazil; “reprimarization”; firm size; technological intensity. JEL Classification: F14; L25; O54.

The Role of Small Business in the Evolving Cannabis Industry

The Role of Small Business in the Evolving Cannabis Industry

Role of Small Business in Economic Development: A Quantitative Investigation

Small businesses have always been seen as essential to economic growth. Small enterprises have been crucial in recent years in promoting economic growth and opening up job opportunities. Despite the difficulties, small businesses have persisted in displaying resilience and adaptability, helping the local and global economies recover. As these account for a sizable portion of job creation, innovation, and entrepreneurial activity, these play a significant role in the growth of the economy. Many individuals can find work, especially in rural and low-income areas, and these frequently act as a driver of regional economic development. However, small businesses encounter many obstacles in the efforts to support economic growth, such as restricted access to capital, regulatory limitations, and competition from bigger businesses. Therefore, by fostering an environment that is enabling the growth and development, policymakers and stakeholders must assist small businesses. This can be accomplished through facilitating access to capital, streamlining regulatory procedures, and encouraging entrepreneurship-related education and training.

The Role of Small Business in the Context of the Use of Non-Traditional Renewables Primary Energy Sources

Due to the uneven location of fossil fuel deposits, many countries around the world are forced to import oil, natural gas, and coal to support economic growth and the development of electricity and heat supply, the chemical industry, and transport infrastructure. Global and intercountry trade in such vital energy resources as oil and natural gas largely depends on the economic behavior of major oil and natural gas producers, which, as practice has shown, when their own fields are depleted, from time to time hinders the economic growth of oil and gas-importing countries. The desire of technologically advanced importing countries to free themselves from energy imports has led to the fact that they have now managed to reduce the cost of power generation by solar and wind power plants, so that in some cases they have proven to be cost-effective and can replace some of the oil and/or gas imports. The main economic agents using solar and wind energy are large companies. However, N. E. Egorova and S. A. Nekrasov, based on the fact that both sunlight and wind are sources of primary energy, whose spatial density is lower than that of organic fuels, apparently for the first time in the world scientific literature, investigated the question: whether small and medium businesses could be involved to expand the range and scale of solar and wind energy for electricity generation. To answer this question, N. E. Egorova and S. A. Nekrasov used tectology, a theory proposed by A. A. Bogdanov in the early 1920s. With its help they got a positive answer. It was supported by taking into account the vertical location of sunlight receivers, which expanded the area of localization of solar power plants. This article is devoted to the same question. The analysis showed that the prospect of participation of small and medium-sized businesses (SMB) is niche in nature and attracting investors in this area of human activity is possible if the economic characteristics of localized solar and wind power plant projects are acceptable to investors.

Performance Implications of The Absorptive Capacity of Small Businesses in A Developing Economy

The role of small businesses in the socioeconomic development of nations has been well established. Despite this, the failure rate of small businesses in developing economies remains high. Much of this stems from poor performance levels on the part of small businesses which is often exacerbated by the continued flux and disruptions in the business environment. Recognising the importance of astute responsiveness to the dynamic business environment, this study investigates whether absorptive capacity can energise small business performance. The study employed the partial least squares structural equation modelling technique and multiple regression analysis to analyse data collected from an effective pool of 685 small business owners/managers. The results affirm that absorptive capacity has a positive though a weak relationship with small business performance. Interestingly, when the absorptive capacity construct was disaggregated, it was insightful to note that not all its components bear statistically significant relationships with small business performance. Specifically, the relationships between small business performance and the component factors of assimilation and exploitation were statistically supported. In contrast, the factors of acquisition and transformation have no statistically significant relationship with small business performance. The finding has important implications for practitioners and researchers as it illuminates specific components of absorptive capacity that deserve higher investments in the quest for improved small business performance. Keywords: Absorptive capacity; Entrepreneurship; Small business; Performance

The Role of Small Businesses in Sustainability

The Role of Small Businesses in Sustainability

DCFTA for supporting small and medium enterprises in Georgia

In modern conditions, the process of forming small and medium enterprises in Georgia has a complex, resistant nature, due to many reasons: market imperfection, low level of investment and credit attractiveness, pressure from monopolist enterprises, lack of private savings in the population, low professionalism. As a result, small and medium enterprises in Georgia come in only a quarter of gross domestic product. Small and medium business plays a decisive role. Particularly important is the role of small business in the economy as a condition of competition and the development of large business. It increases the value of chain increases in mobile operators of large corporations and is an effective institution in the demand-supply chain for large companies, introduction of new technologies and innovations. In order to use DCFTA capabilities, small and medium enterprises in Georgia are required to enter the global markets not only to improve the small and medium-sized methods but also to improve their management. The main goal of the enterprise is to become a member of the Global Value Network. The enterprises operating in Georgia have great potential for development. However, it is important to prepare them for high standards and effective competition. In the solution of this task, enterprises need support for effective logistics, which involves the necessary infrastructure and institutional environment as well as essential business services. The legislative environment of Georgia must come into conformity with EU's competitive policy.

ANALISIS PERAN PERBANKAN DALAM PENYALURAN KREDIT USAHA KECIL TERHADAP PENGEMBANGAN WILAYAH DI KOTA MEDAN

The purpose of this study is to find out and analyze the effect of banking and labor loans on small business income and to find out and explain how the role of small businesses in regional development. As a source of data and information for banking policymakers in terms of providing small business loans, especially to support regional development in the city of Medan. The results of this study can be used to formulate wisdom programs and as a basis for making predictions of regional development in the city of Medan. The results of this study can be used as a tool to evaluate economic policies in the banking industry that have been implemented in the city of Medan. The regression equation can be obtained as follows: Y = 0.838 + 0.106 X1 + 0.261 X2, Where: Y = Total small business income per month X1 = Amount of banking capital / credit received X2 = Number of workers. Based on the equation above, it can be concluded, that the significant value between the amount of bank credit received and the total income per month (small business income) of 0.059 shows the result of the correlation of these two variables is significant which means that these two variables have a related relationship. The significant value between the number of workers and the total income per month of 0.000 shows that the correlation between these two variables is significant, which means that these two variables have a related relationship. In the appendix table, we can see that column R shows the correlation coefficient number, which is 0.702. This shows the relationship between the variables is very strong.
 

Banking proximity and firm performance. The role of small businesses, community banks and the credit cycle

ABSTRACT This article analyses the link between banking geography and firm performance, i.e. whether the proximity within banks and between banks and borrowers has a positive impact on firms’ Returns on Assets (ROA).Using a unique dataset of Italian manufacturing firms and banks from 2006 to 2011 and an instrumental variable approach to account for endogeneity, we investigate whether this effect increases with the presence of community banks and small businesses and whether the relationship changes over the credit boom and bust, which preceded and followed the Lehman Brothers collapse.We show that geographical proximity matters for firm performance especially when the presence of community banks is high and when considering small (micro) firms. During the credit boom, both functional distance and operational proximity seem to matter, whereas, during the credit crunch, operational proximity has a more relevant role compared to functional distance in becoming an important driver to increase firm’s performance.

Organic pioneers and the sustainability transformation of the German food market: a politically structuring actor perspective

PurposeThis paper examines the socio-ecological co-evolution and transformation of organic pioneers and the organic food market from a politically structuring actor perspective. It aims to identify strategies and activities used to contribute to the change of structures in the organic market and how the companies, in turn, reacted to the structural influence of the changing environment to position their company successfully in the market.Design/methodology/approachThis study is based on interviews with four managing directors who were responsible over several decades for the strategic corporate management of the pioneer companies they founded as (or converted to) organic. Content analysis was used to analyse the data.FindingsStrategic challenges regarding building up, maintaining and using resources, shaping actor constellations, and professionalising management are explained. The analysis demonstrates that also small pioneers have the possibilities and scope to influence and change markets and structures.Originality/valueThe results are significant for developing sustainable transformation strategies for markets, considering the interaction of the micro and meso-levels over time and the role of small businesses that might be struggling with growth and loss of values. The study answers recent calls in the literature to empirically investigate sustainability transformations from a practice perspective and gain insights into the roles of corporate actors.

ИДЕНТИФИКАЦИЯ И ХАРАКТЕРИСТИКА СУБЪЕКТОВ МАЛОГО И СРЕДНЕГО ПРЕДПРИНИМАТЕЛЬСТВА НА СЕЛЬСКИХ ТЕРРИТОРИЯХ РОССИИ

One of the areas of public administration is a targeted and efficient use of budgetary funds allocated to support the population, businesses and infrastructure of the territories. It requires constant updating of the characteristics of the object of managerial influence and receiving feedback. Without accurate identification of the target management object, knowledge of its properties, as well as development trends, high-quality management is impossible. Currently, Russia is implementing state programs for the development of rural areas and the development of agriculture (“Comprehensive development of rural areas”, “Development of agriculture and regulation of markets in agricultural products, raw materials and foodstuffs”). In scientific works, the role of small business in economic development, in rural development as well as in ensuring food security is universally recognized. However, management bodies, business analysts, researchers do not have information about how small and medium-sized enterprises (SME)s are developing in rural areas of Russia. This work is one of the first to raise issues of identification of SMEs in rural areas. Based on the developed methodology, rural SMEs were identified from available open sources by category, their characteristics were given in terms of the dynamics of the number, density of businesses, sectoral and regional structure, and their support in the form of subsidies and grants was analyzed. State support failed to stabilize their number, which decreased from 2019 to 2021. Agriculture is not a leader in the sectoral structure of SMEs (in terms of the number of businesses), occupying a significant third place after trade and transport. However, it is this industry that accounts for the main support. The total share of trade, transport, agriculture in all regions is at least 40% of the total number of rural SMEs. Thus, support for these industries will have a beneficial effect on the development of most small businesses in rural areas.

РОЛЬ СУБЪЕКТОВ МАЛОГО БИЗНЕСА В СИСТЕМЕ ОБЕСПЕЧЕНИЯ ЭКОНОМИЧЕСКОЙ БЕЗОПАСНОСТИ РЕГИОНА (НА ПРИМЕРЕ КИРОВСКОЙ ОБЛАСТИ)

The relevance of the study is due to modern realities, in which the role of small business as a vital element of the regional economy is increasing, and the level of its development is a basic and priority task for the country as a whole. A strong small business is associated with job creation, increased tax deductions, increased competition and satisfaction of consumer demand. The purpose of the study is to identify the problems of small business development that have a negative impact on the level of economic security of the region on the example of the Kirov region.

Characteristics of the ERP Systems Designed for Managing Small Businesses

This article mainly aims to introduce the particular charactersitics of the ERP systems, used for managing small businesses, by answering several basic questions related to this topic: What do we generally understand by ERP systems? What is the essence of ERP for small business? What is the role of ERP for small business? What do we understand by small business? What are the characteristics of small business? What is the role of small business in society? What are the basic problems of small business? What is today’s business environment? In this respect, the report introduces the essence and the role of the ERP systems used for managing small business organizations in a structured and summarized way. It shows how the specific characteristics of small business and today’s business environment affect the ERP configurations, compared to those used in large organizations. At the end of the paper, a summary is provided of the characteristics of the ERP systems used for managing small organizations.