Access to finance for SMEs in post-socialist countries: the Baltic States and the South Caucasus compared

Imarhiagbe, Bernard Owens; Smallbone, David; Saridakis, George; Blackburn, Robert; Mohammed, Anne-Marie

doi:10.1108/jsbed-01-2021-0036

Cited by 3 publications

(2 citation statements)

References 85 publications

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“…In a similar vein, AtFR and financial depth are favorable for growth. Greater levels of AtFR result in greater optimism about financial growth (Imarhiagbe et al 2021). More recently, firms funded by government agencies and state-owned banks were more vigorously inclined towards innovative activities and enhancing their performance (Haini 2021).…”

Section: Access To Financial Resources (Atfr) and Entrepreneurial Pro...mentioning

confidence: 99%

The COVID-19 Crises: The Threats, Uncertainties and Risks in Entrepreneurial Development

Abdelwahed

Soomro

2023

Risks

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The COVID-19 pandemic and its different waves brought several complications to people’s social lives and massively affected business activities worldwide. Accordingly, in this study, we explored the various COVID-19 threats, uncertainties, and risks that are faced by entrepreneurship, propensity, and development. We applied a deductive approach in this study and utilized cross-sectional data that we collected through a questionnaire. We based this study’s findings on 320 valid cases. By employing structural equation modeling (SEM), we reveal that factors, such as quality of business environment (QoBE) and access to financial resources (AtFR,) have a positive and significant impact on entrepreneurial propensity (EP). On the other hand, the findings reveal that two factors, namely the uncertainties caused by the COVID-19 pandemic (UoCOVID-19) and the risk perceptions of the COVID-19 pandemic (RPoCOVID-19), have a negative effect on EP. This study’s findings provide valuable information about the COVID-19 pandemic and, on particular, on the development of EP among university students. In addition, this study’s findings guide and support policymakers and higher authorities in understanding the impact of the COVID-19 pandemic and other business-related factors for developing EP. Further, these findings support the creation of conducive business environments even during a global pandemic or another natural disaster. Finally, this study’s findings contribute other empirical evidence to enrich previous research on health, business, and management.

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Section: Access To Financial Resources (Atfr) and Entrepreneurial Pro...mentioning

confidence: 99%

The COVID-19 Crises: The Threats, Uncertainties and Risks in Entrepreneurial Development

Abdelwahed

Soomro

2023

Risks

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“…Future research can be carried out in different states of India for more generalisations of the results. Also, comparative studies with different countries can be undertaken with India (Imarhiagbe et al, 2021). Cross sectional studies can be carried out to understand the impact of mudra loans over a period for different stakeholders.…”

Section: Limitations and Future Scope For Researchmentioning

confidence: 99%

Financing Micro and Small Enterprises: Assessing the Impact of Mudra Loans in an Emerging Economy

2021

IJFB

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This paper studies the impact of mudra on small and micro enterprises in terms of income generation, business expansion, standard of living, and employment generation in the process. The research is socio-economic research. The project applied mean difference method for quantitative data analysis and relative importance index method to analyse qualitative data. Paper used Schedule to conduct personal interviews to collect data from 384 respondents using convenience sampling. It was found that to some extent, the schemes have been successful in providing loans to MSME sector. The enterprises are benefitted due to collateral free mudra loan in terms of income generation and business expansion. But there was no significant impact on employment generation and standard of living as proved from the data collected from the respondents due to mudra loan. Also, no significant improvement in human development index was found among the respondents. No significant improvements in quality of food and nutrition were found as informed by the respondents. Financial independence has not been achieved for the women entrepreneurs. Policy implications for government and bank has been discussed at the end of paper. The paper is based on the project funded by Indian Council of Social Science Research, New Delhi. This is a first kind of study conducted to study the impact of mudra loans on small and micro enterprises in India.

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How Evidential Pluralism Can Help Clarify the Nature of the Relationship Between Unemployment and Entrepreneurship

Saridakis

2024

Journal of Entrepreneurship and Innovation in Emerging Economie

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In line with Shan and Williamson (2023 , Evidential pluralism in the social sciences, Routledge), this article argues that evidential pluralism used in the philosophical enquiry of causation can be employed to examine causal relationships in the business and economics disciplines. We focus on the relationship between unemployment and entrepreneurship, which has created heated and inconclusive debate in the economics of entrepreneurship field. Specifically, we suggest that discrepancies in the literature are due to: (a) the failure to fully capture the mechanism of the relationship; and (b) differences in the methodological and data analysis approaches used in existing studies. We therefore argue that if we want to explore the unemployment and entrepreneurship relationship, we need to capture the underlying pathways that bring together different forms of entrepreneurship and unemployment by considering, for example, structural and labour market factors that may alter the strength and/or direction of the relationship. The case study analysis provides strong support for the use of the evidential pluralism in establishing causal links. We argue that methodological diversity and mixed method approaches can be helpful for exploring mechanisms, but they can be somewhat problematic when examining correlation empirically. Here, the use of panel data may allow us to capture the statistical association more accurately than the use of other types of data and econometric modelling. Finally, we argue that exploring the mechanism ahead of the correlation can allow us to learn more about the underlying relationship among the variables, which can then be modelled and captured statistically. In contrast, examining correlation first can lead to misleading results. Overall, the article concludes that evidential pluralism used in the philosophy of causation can help us to understand causal links and establish causal claims for important economic relationships, allowing effective policy to be crafted. To this end, and as discussed in the evidential pluralism literature (see Russo, F., & Williamson, J. 2007, International Studies in the Philosophy of Science,21[2], 157–170; Shan, Y., & Williamson, J. 2023, Evidential pluralism in the social sciences, Routledge), evidence of both mechanisms and correlations should be used to support causal hypotheses made in economics and business research. However, we propose that before analysing the correlations, we should conceptually examine the mechanisms.

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Access to finance for SMEs in post-socialist countries: the Baltic States and the South Caucasus compared

Cited by 3 publications

References 85 publications

The COVID-19 Crises: The Threats, Uncertainties and Risks in Entrepreneurial Development

The COVID-19 Crises: The Threats, Uncertainties and Risks in Entrepreneurial Development

Financing Micro and Small Enterprises: Assessing the Impact of Mudra Loans in an Emerging Economy

How Evidential Pluralism Can Help Clarify the Nature of the Relationship Between Unemployment and Entrepreneurship

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