Comparative Experience of the Effectiveness of Financing Small Enterprises

The article considers existing criteria of estimation of financing subjects of small business in Germany and Russia for raising its effectiveness for Russia. We analyzed main directions and mechanisms of state support in these countries. The conducted analysis demonstrated that effectiveness indices of the activity of small enterprises in FGR essentially exceed analogous indices of the activity of enterprises of EU countries. A contribution, brought by small enterprises in the development of economy of Germany is just inestimable. For functioning and financing the activity of small enterprises in FGR, there were accepted correspondent normative acts, for example, the Trade code, one of which main statements is the following: family enterprises are encouraged in Germany by giving them the free access at markets, and there are different limitations for big enterprises. The parity of competitive flows is observed by prohibiting small business purchase for big enterprises – in Germany small enterprises are distinctly divided in dependent and independent by strict statistical accounting of these companies. The author denoted base state structures, curating programs for supporting small enterprises in Germany comparing with infrastructures, engaged for supporting subjects of small and middle business, existing in Russia. Unfortunately, program arrangements for supporting subjects of small business in RF don't include special measures for supporting priority types of activity. The support is mainly directed on certain categories of citizens: unemployed, families with many children, youth and so on

Tax compliance cost of bumiputera small and medium enterprises in Northern Malaysia

This paper explores and measures the level of tax compliance costs among Bumiputera small and medium enterprises in the Northern Region of Malaysia for the year of assessment 2003. The findings revealed that the tax compliance costs have a significant relationship with the paid up capital(size of enterprises). Overall, the tax compliance cost of Bumiputera small and medium enterprises was RM880,110 for the assessment year 2003. Furthermore tax compliance cost of smaller Bumiputera enterprises amounted to RM413,670 while the larger Bumiputera enterprises was RM466,440.The average tax compliance cost is RM22,003. Most of the large Bumiputera enterprises incurred more external tax compliance costs than internal compliance costs (62.34%) compared to the smaller Bumiputera enterprises (37.66%). In contrast, the smaller Bumiputera enterprises incurred more internal tax compliance costs of about 83% as compared to external tax compliance costs (17%). The results also indicated that small Bumiputera enterprises have a higher percentage of tax compliance costs based on tax revenue, which is 2.57 times more compared to large Bumiputera enterprises,which amounted to only 0.46 times

The significance of HRM for small enterprises of Pakistan

Human resource management practices have become the de facto standard for almost all large organizations. Today’s organizations consider human resource management as an all inclusive practice and view it playing vital role in their development. However, the significance of HRM practices in small enterprises is not yet fully realized and only a handful researches are done so far on HRM practices (Heneman & Berkley, 1999). This paper suggests the imperative role of HRM Function in small enterprises of Pakistan. The propositions made on the basis of literature review in order to emphasize this research are; firstly; HRM practices are likely to be significant for the survival of small enterprises. Secondly; because of this essential role of HRM for the survival of small enterprises, it is also likely to be vital for their growth. Thirdly; it is suggested that HRM practices, if implemented in early stages of the organizational life cycle of small enterprises, are likely to curtail down the unhealthy resistance to change by the old incumbents of organization.HRM Practices, Small Enterprises

Debt & equity costs determinants in small enterprise. JEREMIE fund influence on financial situation of SME

From financial perspective, the JEREMIE fund initiative is profitable and enhances the functioning of micro and small enterprises. Particularly profitable are aspects connected with providing these enterprises with equity capital (i.e. Business Angels, Venture Capital) as well as with the theoretical possibilities connected with reducing the financial risk by over regional institution guarantees (less vulnerable to potential risks occurring in the native region of the micro enterprises engaged in JEREMIE).capital cost, target capital structure, micro and small enterprises

The Marketing of Small Enterprises, Guerilla Marketing

The work is focused on approaches and techniques used by companies for identifying and fulfilling of the consumers’ needs and expectations, while making profit with little or limited resources in various stages of firm development (start-up stage) or in small enterprises. Basic marketing principles and categories of conventional marketing shall be compared with the demands of the unconventional one, which is focused on practical and financially limited marketing (guerilla marketing). In this work, the accent will be put on direct marketing, new marketing paradigm, faceto- face marketing, relationship marketing, and most notably on guerilla marketing, which sole purpose is to achieve maximal goals with minimal resources.guerilla marketing, new marketing paradigm, direct marketing

The impact of international marketing on SME's

Keynote presentation on the international marketing of SMEs (small and medium business enterprises)

The small and medium enterprises Act as catalyst for economic growth and development in Pakistan: Economic growth and development perspective

This paper explores the value of small and medium enterprises for the economic growth and development especially in Pakistan. Moreover, it assesses the usage of information technology in SMEs sector of Pakistan. According to the recent Census of Establishments conducted by the Federal Bureau of Statistics (FBS) there are about 3.2 million economic establishments in Pakistan. Out of these Small & Medium sized enterprises (SMEs) (with employment base up to 99) constitute 90% of all private enterprises employing approximately 78% of non-agriculture labor force1. SMEs contributed over 30% to GDP, 25% in export earnings besides sharing 35% in manufacturing value addition2. The paper suggests that SMEs act as a catalyst to economical growth and development where IT embedded in their operations, planning and decisions like Hong Kong, Denmark and USA. Many other societies also place great value on the small and medium enterprises and encourage their activity. In fact, wealth and a high majority of jobs are created by small & medium businesses in the world. As a result, many experienced business people, political leaders, economists, and educators believe that fostering a robust small and medium business culture will maximize individual and collective economic and social success on a local, national, and global scale. It is recommended that SMEs may be offered access to inexpensive capital, tax exemptions and management advice & experiences and IT infrastructure which further leads toward the economical growth & development. The economical growth and development in a country can brings happiness and prosperity to its nation