Share Of SMEs Research Articles

GROWTH OF SME SECTOR AND WAYS OF IMPROVING ACCESS TO FINANCIAL SERVICES IN UZBEKISTAN

Private sector is recognized as the driving force and the engine for economic growth in many countries. It delivers important goods and services, provides jobs, generates revenue for public sector, and creates and maintains infrastructure. SMEs in particular create jobs and lead to more equitable distribution of incomes. In Uzbekistan the share of SMEs in GDP steadily increased from 30% in 2000 to 54% in 2012. The sector accounts for 75% of total employment in the country and it is forecasted that SMEs will add around half a million of new jobs in 2013.Despite these improvements, SMEs’ productivity and competitiveness potential have been affected by regulatory and institutional constraints. Access to adequate financial services is a key component for sustainable growth of the private sector, economic diversification and creation of more and better jobs. Adequate access to finance includes not only bank loans, but also a host of financing instruments that are geared to meet the diverse needs of enterprises and entrepreneurs with different characteristics and profiles. In addition, access to a broader range of efficient and reliable financial services, including electronic payment services, enables enterprises to manage the financial resources available to them more effectively.

Environmental audit behaviour, decision pattern, and market performance of small and medium enterprises in Nigeria

The environmental audit behaviour and decision making pattern of Nigerian SMEs is obscure. Given the fact that the Nigerian business environment is turbulent, the study finds out whether the decision making process of Nigerian SMEs is contingent upon information from the business environment. The study, utilizing correlation statistical procedure examines the subject of discourse. The results of the study suggest that the analysis of technological, customer and competitive factors have partial effect on the market share of Nigerian SMEs. Conversely, the analysis of socio-cultural factor of the Nigerian business environment has inverse effect on the market share of the SMEs. The study concludes that the environmental audit behaviour of Nigerian SMES have partial effect on market performance. Key words: Business environment, economic factor, political factor, socio-cultural factor, technological factor.

Growth with Moderation and Uncertainty

With heightened uncertainties and moderating global and Western European growth and oil prices, and volatile capital flows, Russia is likely to grow by 4.2 percent in 2010, followed by 4.5 percent in 2011 and 3.5 percent in 2012 as domestic demand expands in line with gradual improvements in the labor and credit markets. Unemployment situation is likely to get worse before it gets better later in 2011. Fiscal risks have risen with likely expenditure pressures and downside risks to oil. While there is huge diversity across regions in the patterns of labor market recovery, smaller regions with a larger share of SMEs, better investment climate, more FDI, and stronger financial sector presence tend to show a more robust recovery.

Development of Small Business Sector in Slovakia in 1993-2006

Development of Small Business Sector in Slovakia in 1993-2006The main focus of the article is to elaborate on the importance and role of small and medium-sized enterprises in the Slovak economy. The authors show the development tendencies of the SME sector in Slovakia in the years of 1993-2006. Where it was possible the authors enumerated the data for the year 2007. The paper analyses the state of the sector of small and medium-sized enterprises, seeking to understand the causes of its relative strength and weakness. The share of the SME sector in all the registered enterprises in Slovakia is convergent with the whole EU average and it amounts to 99.8%. In Slovakia the share of microenterprises amounts to 79.3% which is the lowest feature in the EU. It means that the situation in Slovakia seems to be better for the economy, as the microenterprises do not have significant impact on the national employment and the GDP. In Slovakia the share of SMEs in total employment is crucial and amounts to 61.2%. A present-day share of the SME sector in both export and import volumes is more than 1/3 of the total volume of foreign trade of Slovakia.

On the Re-Emergence of Small Scale Production: The Norwegian Case in International Comparison

Several studies on industrial restructuring point to the phenomenon of a changing size structure in many western economies. This article first rewievs international studies along these lines and then analyses developments in Norway from 1970 to 1990. For manufacturing, a pattern similar to those observed in other countries is found: from the middle of the 1970s there has occurred a slight shift from concentration in bigger establishments to growing employment shares in smaller establishments. Detailed analysis furthermore reveals that the shift towards smaller units has occurred in most sectors of manufacturing. When explaining this shift, however, the conclusion is the opposite of popular views emphasising the dynamism of small firms. The data points very clearly to a general industrial decline in Norway as a main explanation for the change in size structure. Rather than being attributed to the strengths of SMEs, the growing share of SMEs may be interpreted as a result of industrial weakness.