IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2021i2p140-158.html
   My bibliography  Save this article

Use of State Support Levers for Small and Medium-Sized Enterprises within the Dynamic Environment

Author

Listed:
  • P. V. Gudz
  • Pavlinka Ileva-Naydenova
  • A. V. Cherep
  • L. H. Oleinikova

Abstract

The evolution of theoretical approaches to the definition of the “entrepreneur” and “entrepreneurship” concepts essence was studied. It was established that various risks inherent in entrepreneurship are characterised by the complexity of distinguishing the signs of economy and investment within a turbulent dynamic environment of uncertainty, limited liquidity in a small and medium-sized business. It was determined that in many countries of the world small and medium-sized enterprises enjoy state support through their taxation systems, which necessitates the determination of a fair tax burden and appropriate fair tax bases. The role of small and medium-sized enterprises in ensuring technological progress, eliminating regional imbalances in economic development, achieving socio-political stability in society and strengthening national security was highlighted. The Recommendations of the European Commission on the SME definition in different countries of the world were characterised. The method of SME classifying into independent and dependent was suggested, which will further allow guiding the SME sector activities to ensure stability in society and simultaneously comply with their obligations to manage public finance at all levels.

Suggested Citation

  • P. V. Gudz & Pavlinka Ileva-Naydenova & A. V. Cherep & L. H. Oleinikova, 2021. "Use of State Support Levers for Small and Medium-Sized Enterprises within the Dynamic Environment," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 140-158.
    • Handle: RePEc:bas:econst:y:2021:i:2:p:140-158
    as

    Download full text from publisher

    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2021/2021-2/9_Cherep.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Douglas Holtz-Eakin & David Joulfaian & Harvey S. Rosen, 1994. "Entrepreneurial Decisions and Liquidity Constraints," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 334-347, Summer.
    2. Fudenberg, Drew & Tirole, Jean, 1983. "Capital as a commitment: Strategic investment to deter mobility," Journal of Economic Theory, Elsevier, vol. 31(2), pages 227-250, December.
    3. Gentry William M. & Hubbard R. Glenn, 2004. "Entrepreneurship and Household Saving," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-57, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bojan Ćudić & Iwona Skrodzka, 2021. "‘Soft’ Support Infrastructure And The Performance Of Small And Medium-Sized Enterprises In European Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 66(230), pages 67-100, July – Se.
    2. Alla Cherep & Iryna Dashko & Yulia Ohrenych, 2024. "Theoretical And Methodological Bases Of Formation Of The Concept Of Ensuring Socio-Economic Security Of Enterprises In The Context Of Digitalisation Of Business Processes," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 10(1).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Clemens, Christiane & Heinemann, Maik, 2010. "On entrepreneurial risk-taking and the macroeconomic effects of financial constraints," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1610-1626, September.
    2. Weber, Jeremy G. & Key, Nigel D., 2013. "Does proprietor wealth influence small business decisions? Land appreciation and farm business borrowing, land ownership, and output," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150408, Agricultural and Applied Economics Association.
    3. Magnus Henrekson & Tino Sanandaji, 2011. "Entrepreneurship and the theory of taxation," Small Business Economics, Springer, vol. 37(2), pages 167-185, September.
    4. Maik Heinemann & Christiane Clemens, 2007. "Credit Constraints, Entrepreneurial Activity, and Occupational Choice under Risk," 2007 Meeting Papers 416, Society for Economic Dynamics.
    5. Clemens, Christiane & Heinemann, Maik, 2019. "The Effects Of International Financial Integration In A Model With Heterogeneous Firms And Credit Frictions," Macroeconomic Dynamics, Cambridge University Press, vol. 23(7), pages 2815-2844, October.
    6. James R. Barth & Glenn Yago & Betsy Zeidman, 2006. "Stumbling blocks to entrepreneurship in low-and-moderate income communities," Proceedings: Community Affairs Dept. Conferences, Federal Reserve Bank of Kansas City, issue Jul, pages 91-155.
    7. Martin Koudstaal & Randolph Sloof & Mirjam van Praag, 2016. "Risk, Uncertainty, and Entrepreneurship: Evidence from a Lab-in-the-Field Experiment," Management Science, INFORMS, vol. 62(10), pages 2897-2915, October.
    8. Robert W. Fairlie & Harry A. Krashinsky, 2012. "Liquidity Constraints, Household Wealth, And Entrepreneurship Revisited," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 58(2), pages 279-306, June.
    9. Hsuan-Hua Huang & Hsing-Wen Han & Kuang-Ta Lo & Tzu-Ting Yang, 2023. "Liquidity Constraints, Cash Windfalls, and Entrepreneurship: Evidence from Administrative Data on Lottery Winners," Papers 2303.17029, arXiv.org.
    10. Felipe Balmaceda, 2018. "Entrepreneurship: skills and financing," Small Business Economics, Springer, vol. 50(4), pages 871-886, April.
    11. Césaire Meh, 2002. "Entrepreneurship, Inequality, and Taxation," Staff Working Papers 02-14, Bank of Canada.
    12. Marco Cagetti & Mariacristina De Nardi, 2006. "Entrepreneurship, Frictions, and Wealth," Journal of Political Economy, University of Chicago Press, vol. 114(5), pages 835-870, October.
    13. Erik Fjærli & Diana Iancu, 2012. "The financing of young firms. How persistent are borrowing constraints?," Discussion Papers 707, Statistics Norway, Research Department.
    14. Meh, Césaire A., 2008. "Business risk, credit constraints, and corporate taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 32(9), pages 2971-3008, September.
    15. Li, Yue & Mastrogiacomo, Mauro & Hochguertel, Stefan & Bloemen, Hans, 2016. "The role of wealth in the start-up decision of new self-employed: Evidence from a pension policy reform," Labour Economics, Elsevier, vol. 41(C), pages 280-290.
    16. Casey J. Frid & David M. Wyman & Bentley Coffey, 2016. "Effects of wealth inequality on entrepreneurship," Small Business Economics, Springer, vol. 47(4), pages 895-920, December.
    17. Silvia Magri, 2009. "The financing of small entrepreneurs in Italy," Annals of Finance, Springer, vol. 5(3), pages 397-419, June.
    18. Couch, Robert & Wu, Wei, 2012. "Private investment and public equity returns," Journal of Economics and Business, Elsevier, vol. 64(2), pages 160-184.
    19. Tami Gurley-Calvez & Josephine Lugovskyy, 2019. "The role of entrepreneurial risk in financial portfolio allocation," Small Business Economics, Springer, vol. 53(4), pages 839-858, December.
    20. Covas, Francisco, 2006. "Uninsured idiosyncratic production risk with borrowing constraints," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 2167-2190, November.

    More about this item

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

    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:bas:econst:y:2021:i:2:p:140-158. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.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.