Dostęp do finansowania jako czynnik rozwoju małych przedsiębiorstw w strefie euro

• Authors: Kobeszko Agnieszka

Title variants

EN

Access to finance as a growth factor of small firms in the euro zone

• Languages of publication: PL

Abstracts

EN

The article examines access to finance of small enterprises in euro zone and financial constraints affecting frim growth. It results from the research that the factors that have an impact on the availability of external financing include i.a. general economic outlook, firm-specific outlook and willingness of banks to lend. Recently a fragile economic growth has negatively impacted availability of external financing for all firms in the euro area. In the case of small enterprises access to bank loans has stabilized, however it has deteriorated and remained a key issue in the case of microfirms. Financial obstacles, including availability of external financing, are the most important growth constraints. They impact the smallest firm the most. It suggests that finance should be treated with the first priority in countries interested in creating the environment that facilitates business activity.

Keywords

EN

access to finance; small and medium-sized enterprises; economic growth; growth constraints; bank loan; trade credit

• Publisher: Państwowa Wyższa Szkoła Zawodowa w Płocku
• Journal: Zeszyty Naukowe PWSZ w Płocku. Nauki Ekonomiczne
• Year: 2015
• Volume: 2(22)
• Pages: 393-401

Contributors

author

Kobeszko Agnieszka

• Szkoła Główna Handlowa w Warszawie