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2005 | Entrepreneurship Governance Local and Regional Development | 115--124
Tytuł artykułu

Problems of Financing of SMEs in the Countries of the European Economic Area (EEA) Till its Enlargement of 1st May 2004 and Bulgaria - a Comparative Analysis

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EN
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EN
The author considers that there exist considerable differences in the economic development of the member-states of the European Economic Area (EEA) till its last enlargement of 01.05.2004, and the newly adhered and newly adhering countries. (...) The main objective of the study is to make a comparative analysis of the problems of financing of the small and medium enterprises (SMEs) in the EEA and Bulgaria and of the government policies in their support, as well as to draw some conclusions. In this connection some important issues of the impact of information asymmetry on the financial markets are examined in the first part (...) In the second section, three presumptions are drawn and proofs are being given that SMEs in the EEA are affected in a greater degree by the problems of financing that the large-scale enterprises. In the third part an assumption is also made and proven that the Bulgarian SMEs are affected in a greater degree by the information asymmetry than the SMEs from EEA, which explains why they meet relatively greater problems in financing. (fragment of text)
Twórcy
  • University of Economics in Varna, Bulgaria
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Typ dokumentu
Bibliografia
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