Entrepreneurship and financing: The evidence of Macedonia

Serafimova, Mimoza and Petrevska, Biljana (2015) Entrepreneurship and financing: The evidence of Macedonia. Horisons, International Scientific Journal - Social Sciences and Humanities, 17. pp. 45-55. ISSN 1857-9884

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There is an absence of general platform to define the entrepreneurship. Yet, it is a common sense that it presents a concept which is closely related to financial risks. In this line, the small and medium sized enterprises (SMEs) are still experiencing considerable difficulties in sustaining their importance for economic development. The paper describes the sources of financial support to the SMEs in Macedonia, and simultaneously identifies the most applied sources of financing. Moreover, it elaborates the importance of the Macedonian Bank for Development Promotion (MBDP) in providing financial support in terms of financing start-ups, providing medium and long-term loans to SMEs, financing exports, extending export credit insurance, and the management and implementation of international credit lines. The analyzed data set covers the period 1999-2013. The main findings reveal that the MBDP has a substantial role in development of entrepreneurship in general in Macedonia.

Item Type: Article
Uncontrolled Keywords: Entrepreneurship; Financing; SMEs; Macedonian Bank for Development Promotion; Macedonia.
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Biljana Petrevska
Date Deposited: 18 Nov 2015 10:43
Last Modified: 18 Nov 2015 10:43
URI: https://eprints.ugd.edu.mk/id/eprint/14293

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