A Hybrid Framework for SME Financing Based on the Mix between Governmental Support and the Use of a Specialized Investment Fund in the Actual Context of a Slow Recovery after Crises and Turbulences

Prelipcean, Gabriela; Boșcoianu, Mircea

doi:10.1016/s2212-5671(14)00445-6

Cited by 10 publications

(7 citation statements)

References 16 publications

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“…Morris, M. H., 2011. If the nancing is a combination of government and private parties, if supported by two parties, then the sustainability of the program will improve maximum (Prelipcean, G. & Boscoianu, M., 2014) 5. Conclusions…”

Section: What Steps To Take?mentioning

confidence: 99%

Acceleration Of Performance Recovery And Competitiveness Through Non – Banking Financing In SMEs Based On Green Economy: Impact Of Covid-19 Pandemic

Sriyono

Biduri

Prayogi

2020

Preprint

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The recovery of SMEs' performance due to the impact of Covid-19 is significant because SMEs have an essential role in the economy. Many previous studies have examined the effects of covid-19 on SMEs, but this research is only on fundamental recovery. This study will be very different because this research prioritizes the acceleration of performance recovery and SMEs' competitive advantage to conduct activities immediately. This study aims to accelerate the recovery of SMEs' performance affected bhealing19 and the benefits of competing through non-banking financing. This research type is interpretive qualitative using primary data through in-depth interviews; each in-depth interview lasts 45 t0 60 minutes on several important informants and secondary data as data support. Data validity test using credibility and transferability test, Data analysis technique using research data reduction, presenting data, drawing conclusion drawing. Based on the research results in the field and analysis, alternative non-banking financing is suitable for SMEs affected by covid-19. The conclusion of this study is to accelerate the recovery of performance and competitive advantage through non-banking funding because there are no complex requirements required, and the payment model is very light.

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Section: What Steps To Take?mentioning

confidence: 99%

Acceleration Of Performance Recovery And Competitiveness Through Non – Banking Financing In SMEs Based On Green Economy: Impact Of Covid-19 Pandemic

Sriyono

Biduri

Prayogi

2020

Preprint

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“…It is not new tools, but it is based on an innovative mix of private management and governmental support of a new type of financial public-private partnership (PPP). Prelipcean and Boscoianu (2014) pointed out that, even in the emerging European countries, access to conventional financial sources are limited. Therefore, the government should answer more actively to solve SMEs' growing difficulties in accessing finance.…”

Section: Build National Credit Rating Agencies For Smesmentioning

confidence: 99%

“…By recognizing the role of SMEs in the economy, governments in both developed and developing nations have established and or facilitate different funding programs and institutions to provide easy access for SMEs aiming to finance in each stage of their development (Rupeika -Apoga and Danovi, 2015; Prelipcean and Boscoianu, 2014). Various research reveals that many alternative formal sources of financing schemes for SMEs in many countries are available.…”

Section: Introductionmentioning

confidence: 99%

Financial Innovations for SMEs in Sri Lanka

2020

JESD

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In Sri Lanka, SMEs play a significant role and are more constrained by different obstacles, and limited access to finance is a significant problem. The purpose of this paper was to investigate financial innovations to develop SMEs in Sri Lanka. The study was based on primary and secondary sources. Primary data were from SMEs' owners or managers gathered by using survey methods. The sample comprised 63 SMEs in Sri Lanka operating different kind of industries. The finding reveals that commercial banks' loans are the most critical source of SME financing, even though the SME has many difficulties in dealing with banks. Leasing financing and loans from other financial institutions are less important than other financial sources. Equity financing, venture capital, and factoring are uncommon among SMEs in Sri Lanka. Indeed, there was evidence that SMEs in Sri Lanka still preferred to use traditional financing sources instead of innovative financial sources. Furthermore, SMEs do not have sufficient knowledge about innovative financial authorities, and financial institutions fail to provide adequate support for SMEs. Promoting programs to develop managerial and IT skills for SMEs, establishing particular banks for SMEs related to the small community, and other financial such as factoring and venture capital can be developed to reduce SMEs' financing problem in Sri Lanka.

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“…In the face of the global economic crisis (2007)(2008)(2009) and the European sovereign debt crisis (2011)(2012)(2013), there has also been a huge shift in the financing model of small medium-sized enterprise in Europe, and innovative financing tools are helping enterprises to get financial support as soon as possible to maintain business operations, Prelipcean and Boscoianu (2014) used SPV multiple times in a hybrid financing framework based on government and special investment funds for small and micro enterprise financing, which can overcome the shortcomings of financing difficulties in the capital markets of small and medium-sized enterprise and reduce the credit risk of loans, bring stable expected cash flow for small and micro-business loans, which is more common in the European market (Oricchio, Lugaresi, Crovetto, & Fontana, 2017). Even though asset securitisation does counteract the negative impact of information asymmetry (Albertazzi, Bottero, & Gambacorta, 2017).…”

Section: Spvmentioning

confidence: 99%

Is collective financing feasible for small and micro-sized enterprises? An evolutionary game analysis of the credit market in China

Huo

Zhu

2019

Economic Research-Ekonomska Istraživanja

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With regards to the evolutionary game model of collective financing between commercial banks and small and medium-sized enterprises (SMEs), the self-guarantee mechanism formed within the enterprise group is taken as the research background in the paper. Under the circumstances of mortgage assets and unsecured assets, the changing trend of the strategies of both sides in the process of collective financing is made a discussion respectively. Followed by the evolutionary game, it is concluded that under the stable management strategy, commercial banks will offer different loan strategies (collective or separate) after comprehensively judging the repayment probability of enterprises. For SMEs, loans at a reasonable rate can prompt them to pay them back on time, however, high loan costs can lead to the possibility of total financing default and the adverse circumstances of risk diffusion. More importantly, collective financing of unsecured assets does not increase the bank's credit risk, while not only can it help banks reduce the cost of loan review, but also alleviate the problem of information opacity in SMEs, prevent the occurrence of default risk and reduce the threshold for enterprises to obtain funds and also provide a new way to solve the financing problems of SMEs. ARTICLE HISTORY

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A Hybrid Framework for SME Financing Based on the Mix between Governmental Support and the Use of a Specialized Investment Fund in the Actual Context of a Slow Recovery after Crises and Turbulences

Cited by 10 publications

References 16 publications

Acceleration Of Performance Recovery And Competitiveness Through Non – Banking Financing In SMEs Based On Green Economy: Impact Of Covid-19 Pandemic

Acceleration Of Performance Recovery And Competitiveness Through Non – Banking Financing In SMEs Based On Green Economy: Impact Of Covid-19 Pandemic

Financial Innovations for SMEs in Sri Lanka

Is collective financing feasible for small and micro-sized enterprises? An evolutionary game analysis of the credit market in China

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