IDEAS home Printed from https://ideas.repec.org/a/ags/polvaa/344522.html
   My bibliography  Save this article

Financing of innovative activities and their importance for the development of rural areas

Author

Listed:
  • Rose, Anna
  • Zarebski, Patrician

Abstract

The development of rural areas, both in Poland and in Europe, is closely linked to entrepreneurship, and innovative activity is considered to be an increasingly important component of the pro-development process. However, this activity is limited by financial barriers, which is why it is particularly important to enable easy acquisition of financing for the development of activities in the field of innovation implementation. The aim of the article is to identify changes in the sources of financing of innovative activity in enterprises in Poland. To achieve the assumed objective, data from the Central Statistical Office, including the Local Data Bank and reports from enterprise reports from 2005–2016 were used. The following conclusions can be drawn from the conducted research: in the analyzed period, enterprises financed their expenditures from both private and public funds, among which there was an increase in the importance of high-risk funds and interest in EU funds. In the structure of financing of innovative activity and entities in the service and industry sectors, own funds dominated at a level exceeding 70%, followed by bank loans and funds obtained from abroad, while the share of budget funds was the smallest.

Suggested Citation

  • Rose, Anna & Zarebski, Patrician, 2018. "Financing of innovative activities and their importance for the development of rural areas," Village and Agriculture (Wieś i Rolnictwo), Polish Academy of Sciences (IRWiR PAN), Institute of Rural and Agricultural Development, vol. 179(2), June.
    • Handle: RePEc:ags:polvaa:344522
    DOI: 10.22004/ag.econ.344522
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/344522/files/Rosa.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.344522?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Community/Rural/Urban Development;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:polvaa:344522. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/irwirpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.