Access to finance by Moldovan small and medium enterprises: main obstacles and solutions
No Thumbnail Available
Date
2022
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
"Independenţa Economică"
Abstract
The small and medium-sized enterprise sector is one of the main elements of the modern
national economy and is the guarantor of the existence of competition. It contributes to increasing the
percentage of the middle class and the creation of new jobs in the state. Finance plays a crucial role in the
activities of small and medium-sized enterprises. One of the main obstacles to the development of SMEs in
the Republic of Moldova is limited access to finance. The article presents the results of the analysis of the
evolution of the main indicators of business activity of enterprises. The object of this study is to describe the
experience of Moldovan small and medium-sized enterprises in accessing finance, highlighting the main
obstacles. Using the software package EViews 9, an econometric model was developed for the dependence of
the total credits given to the small and medium-sized enterprises on the follow factors: Consumer Price
Index, base rate, non-performing credits and the volume of redemption government securities. Based on the
results of the study, measures have been developed to improve access to finance for small and medium-sized
enterprises in Moldova.
Description
Referințe bibliografice : pp. 107-108 (12 itl.). JEL classification: G00, M20.
Keywords
small and medium-sized enterprise, finance, main sources, barriers, access to finance, intreprinderi mici si mijlocii, finantare
Citation
GUTIUM, Tatiana, SPEIAN, Olesea. Access to finance by Moldovan small and medium enterprises: main obstacles and solutions. In: The Journal Contemporary Economy = Revista Economia Contemporană. 2022, volume 7, issue 3, pp. 97-108. ISSN 2537 - 4222.