+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

The development of alternative financing instruments for small and medium-sized businesses

Vol. 23, Iss. 44, NOVEMBER 2017

PDF  Article PDF Version

Received: 5 October 2017

Received in revised form: 20 October 2017

Accepted: 6 November 2017

Available online: 29 November 2017

Subject Heading: THEORY OF FINANCE

JEL Classification: G10, G21, G23, G28

Pages: 2631–2645

https://doi.org/10.24891/fc.23.44.2631

Sabitova N.M. Institute of Management, Economics and Finance of Kazan (Volga Region) Federal University, Kazan, Republic of Tatarstan, Russian Federation
sabitovanm@mail.ru

Khairullova A.I. Institute of Management, Economics and Finance of Kazan (Volga Region) Federal University, Kazan, Republic of Tatarstan, Russian Federation
ZiganshinaA@yandex.ru

Importance The article discusses the necessity of using alternative financing instruments for business entities.
Objectives The article aims to develop new approaches to the surveyed segment financing. It also emphasizes the need to increase the awareness and interest of business entities and government in alternative financial instruments using.
Methods The study uses the methods of logical and statistical analyses.
Results The article offers certain recommendations on the use of alternative financing instruments in the interest of both credit institutions and small and medium-sized business entities.
Conclusions The current market situation and the associated uncertainties force economic entities to develop and adapt new financing instruments.

Keywords: small and medium-sized enterprises, financing instrument, crowdfunding, mezzanine financing, venture financing

References:

  1. Mamii E.A., Martoyas K.A. [Factors and conditions of the small business crediting development in Russia at the present stage]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2016, no. 3-1, pp. 976–981. (In Russ.)
  2. Kostina N.N., Danilenko N.I., Ivlev A.V. [Commercial and State-owned banks' lending for small businesses: Analysis and prospects]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, no. 38, pp. 20–33. URL: Link (In Russ.)
  3. Alikperova N.V. [Topical issues of financing small business]. Narodonaselenie = Population, 2016, no. 2, pp. 38–49. (In Russ.)
  4. Zubkova S.V., Doroganova O.G. [Application of guarantee-based mechanism of support of small and medium-sized business]. Bankovskoe delo = Banking, 2015, no. 3, pp. 60–64. (In Russ.)
  5. Dokukina E.V. [Forecasting the development of the factoring market in the segment of small and medium businesses]. Voprosy regional'noi ekonomiki = Problems of Regional Economy, 2015, vol. 23, iss. 2, pp. 23–30. URL: Link (In Russ.)
  6. Bondarenko T.N., Baranova E.A. [Leasing as an effective instrument to support and stimulation of small business]. Mezhdunarodnyi zhurnal prikladnykh i fundamental'nykh issledovanii = Fundamental Research, 2016, no. 6-1, pp. 92–95. URL: Link (In Russ.)
  7. Ivanov O.M. [Securitization of credit: three calls to the law]. Vestnik universiteta imeni O.E. Kutafina, 2016, no. 2, pp. 58–77. URL: Link (In Russ.)
  8. Kislitsyna L.V., Suvorov N.S. [Topical issues of the small business funding organizational process]. Elektronnyi nauchnyi zhurnal Baikal'skogo gosudarstvennogo universiteta = Baikal Research Journal, 2016, vol. 7, iss. 4. (In Russ.) URL: Link.7
  9. Saibel' N.Yu., Volkova V.V. [Crowdfunding as a source of small business financing in terms of economy crisis]. Molodoi uchenyi = Young Scientist, 2016, no. 28, pp. 531–534. (In Russ.)
  10. Sedel'nikov S.R. [Crowdfunding as a tool for startup financing in the Russian Federation]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2015, no. 4, pp. 154–157. (In Russ.) URL: Link
  11. Ovanesova Yu.S. [Mezzanine financing as a new direction for Russia]. Upravlencheskii uchet i finansy, 2015, no. 4, pp. 260–272. (In Russ.)
  12. Pyrkova G.Kh. [Mezzanine financing as a source of financing at the current stage of development of the entrepreneurial activity in the Russian Federation]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2017, vol. 18, iss. 7, pp. 1151–1158. (In Russ.)
  13. Zhdanova O.A., Maksimova T.P. [Mezzanine financing as an innovative method of financial resources attraction to agro-industrial complexes of Russia]. Teoriya i praktika obshchestvennogo razvitiya = Theory and Practice of Social Development, 2016, no. 10, pp. 84–87. URL: Link (In Russ.)
  14. Shemet E.S. [Mecanism of venture capital funding of small businesses]. TERRA ECONOMICUS, 2008, vol. 6, no. 2-3, pp. 94–97. URL: Link (In Russ.)
  15. Kadashnikova E.N. [Venture financing]. Sovremennaya nauka: aktual'nye problemy teorii i praktiki. Seriya Ekonomika i pravo = Modern Science: Actual Problems of Theory and Practice, 2014, no. 5-6, pp. 58–64. URL: Link (In Russ.)
  16. Ashmarin V.V. [Investment of innovations by venture funds and business angels]. Innovatsii i investitsii = Innovation and Investment, 2010, no. 4, pp. 140–144. (In Russ.)

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3
March 2024

Archive