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Financial Analytics: Science and Experience
 

Introduction of investment products to address issues of small and medium-sized business investment

Vol. 9, Iss. 1, JANUARY 2016

PDF  Article PDF Version

Received: 25 May 2015

Received in revised form: 26 June 2015

Accepted: 14 December 2015

Available online: 17 January 2016

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: G18, G21, J43, Q14, Q18

Pages: 27-34

Mel'nikova E.V. Volgograd State Technical University, Volgograd, Volgograd Oblast, Russian Federation
evm.34@yandex.ru

Rusanov G.Yu. Volgograd State Technical University, Volgograd, Volgograd Oblast, Russian Federation
george.rusanov@mail.ru

Mel'nikov A.S. Volgograd State Technical University, Volgograd, Volgograd Oblast, Russian Federation
mel13deb@gmail.com

Importance. The article discusses issues of raising funds for developing small and medium-sized businesses in the current circumstances. We reviewed the historical background for using investment instruments.
     Objectives. The article suggests implementing a new investment product combining features of a promissory note and certificate, thus allowing to attract financial resources and replenish working capital and ensure additional competitive advantages.
     Methods. The article relies upon methods of economic analysis in terms of statistical, empirical, and regulatory aspects. We also applied some approaches of the genetic and institutional market research.
     Results. The expansion of innovative products contributes to growth in small and medium-sized business. We identified self-regulation mechanisms in the securities market and its main functions. The article also indicates the main areas of public regulation. As the indepth analysis of of the current economic trends shows, new investment products may open new streams of finance.
     Conclusions and Relevance. In the current economic circumstances, it is necessary to expand a spectrum of finance sources for small and medium-sized businesses. The research presents scientific novelty as it suggests investment products should promote the effective business development. The outcome allows improving applied areas of solutions for small and medium-sized business at the regional level.

Keywords: investment, small business, medium-sized business, investment product, derivative

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