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Small and Medium-sized Enterprises (SME) in general and particularly innovative ones are becoming an increasingly important factor on the road to achieving smart, sustainable and comprehensive development. Because of their propensity to innovative undertaking and risk, SMEs contribute significantly to economic growth but are generally less productive and pay the cost of high rates of death and lower rates of profitability. Financing SMEs is risky and uncertain and for innovative SMEs it is even more difficult to access financing. When financing innovative activities, investors perceive high risks and it is even more emphasized in times of crisis when there is an increase in the cost of capital. Institutional support and governmental programmes have an important role in closing financial gap that innovative SMEs are faced with. Because the survival and development of SMEs is to a great extant determined by their ability to access favorable financing, the main objective of this paper is to provide policy recommendations for promoting availability of financing to innovative SMEs in order to foster economic recovery and more dynamic development of Serbia. The recommendations are to emerge from analyzes and evaluation of currently available sources of finance for innovative SMEs.

This text examines the activities of small and medium-sized enterprises, and asks whether they have been regulated entirely through a dependence on the freemarket - which would explain their success compared with large companies. Or have they, on the other hand, simply been better organized In answering this, the contributors compare the structures of SMEs with those of larger enterprises, and look at how they change when they begin to expand. The interaction of the market and political regulation is also discussed, together with the reasons why SMEs are created. ; https://scholarship.law.columbia.edu/books/1173/thumbnail.jpg

This volume provides a comprehensive analytic contribution to a crucial topic within development economics based on 15 years of continued data collection and research efforts. It brings together nine up-to-date studies on SME development in a coherent framework to help persuade national and international policy makers (including donors) of the need to take the international call for a data revolution seriously, not only in rhetoric, but also in concrete plans and budget allocations, and in the necessary sustained action at country level. More specifically, the volume: Provides an in-depth evaluation of the development of private sector formal and informal manufacturing SMEs in a developing country—Vietnam in this case—over the past decade, combining a unique primary source of panel data with the best analytical tools available. Generates a comprehensive understanding of the impact of business risks, credit access, and institutional characteristics, on the one hand, and government policies on SME growth performance at the enterprise level, on the other, including the importance of working conditions, informality, and union membership. Serves as a lens through which other countries, and the international development community at large, may wish to approach the massive task of pursuing a meaningful data revolution as an integral element of the SDG development agenda. Makes available a comprehensive set of materials and studies of use to academics, students, and development practitioners interested in an integrated approach to the study of economic growth, private sector development, and the microeconomic analysis of SME development in a fascinating developing country.

Das Dossier untersucht die volkswirtschaftliche Bedeutung von Klein- und Mittelbetrieben in den AKP-Staaten, vor allem in Afrika. Probleme gibt es bei der Definition des Sektors, den mangelhaften Statistiken und allgemein der Vernachlässigung des Sektors durch die Regierungen. In Einzelbeiträgen wird nach folgenden Aspekten gefragt: Unternehmerinitiative; Entwicklungsinitiative und Kreditsystem; Mobilisierung von Ersparnissen für die ländliche Entwicklung; Ausbildungsformen in Kleinunternehmen; schließlich eine Fallstudie über Entwicklungsförderung für Kleinbetriebe in Malawi. (DÜI-Wsl)