The effect of institutional support on SMEs’ approach to sustainable finance: the case of Hungary

• Authors: Varga Kiss Katalin

Title variants

PL

Wpływ wsparcia instytucjonalnego na podejście uczestników sektora małych i średnich przedsiębiorstw do zrównoważonego finansowania: przypadek Węgier

• Languages of publication: EN

Abstracts

EN

Embedding the Hungarian SME sector into EU’s financing objectives the paper highlights what stages SMEs have gone through with the help of governmental and EU support to be involved in sustainable finance. It also points out that financial sustainability is regarded as a prerequisite for sustainable finance. By focusing on analysing institutional support for SMEs at national and EU level, the study reveals different approaches to sustainable investment underlining the fact that while the objectives of European Structural Investment Funds (ESIF) are in compliance with the principle of sustainable development, this may only be regarded as an indirect consequence of gov-ernment support.

PL

W artykule przedstawiono analizę węgierskiego sektora małych i średnich przedsiębiorstw (MŚP) przez pryzmat celów pomocy finansowej z UE, identyfikując fazy, jakie przechodził ów sektor wykorzystując wsparcie rządowe oraz unijne w celu osiągnięcia stabilności finansowej. Wskazano również, że stabilność finansowa jest postrzegana jako niezbędny warunek dla zrównoważonych finansów. Artykuł, koncentrując się na analizie wsparcia instytucjonalnego dla MŚP na poziomie krajowym oraz wspólnotowym, pokazuje różne podejścia do zrównoważonych inwestycji. Jednocześnie podkreśla fakt, że o ile cele funduszy ESI pozostają w zgodności z zasadami zrównoważonego rozwoju, o tyle można go interpretować jedynie jako pośrednią konsekwencję wsparcia rządowego.

Keywords

EN

European Union funds; Financial sustainability; Funding for Growth Scheme; Small and medium – sized enterprises; Sustainable finance

PL

Fundusze Unii Europejskiej; Małe i średnie przedsiębiorstwa; Program Finansowania na Rzecz Wzrostu; Stabilność finansowa; Zrównoważone finanse

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2020
• Volume: 393
• Pages: 67-90

Contributors

author

Varga Kiss Katalin

• Széchenyi István University. Centre of Foreign Languages

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Identifiers

ISSN

2083-8611