金融技术和创业金融实践在中小企业融资中的作用

IF 2.3 Q3 BUSINESS
Piotr Łasak
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引用次数: 12

摘要

目的:传统的融资来源(银行贷款)不能被视为发展中国家中小企业融资的重要来源。出于这个原因,这组实体使用许多其他来源,从自主创业到小额信贷和众筹。在过去十年中,金融技术在这一领域做出了重大贡献。本研究的目的有三个方面:1)展示金融技术在中小企业融资中的作用,2)研究基于金融技术的实体在发展中国家中小企业融资中的作用,以及3)考虑中小企业融资的其他非银行方面,从而改善这些实体的财务状况。对这些创业融资实践的深入分析将在本期提出的以下论文中展开。研究方法:本研究采用基于叙事文献回顾的理论研究方法。重点是应用金融技术促进发展中国家中小企业的融资。研究发现:由于中小企业在传统金融体系中的融资缺口,这些实体使用基于金融技术的非银行融资。研究证实,金融技术在改善发展中国家中小企业的财务状况和为这些实体提供更大的金融包容性方面发挥着至关重要的作用。无论是金融科技还是基于金融科技的企业,都对新兴市场中小企业融资效率的提高有着重要的贡献。它们还提供比传统金融部门更广泛的服务。在中小企业融资的其他方面,必须实施小额信贷服务、众筹等融资方式。这种融资机制,连同预算流程和电子税收系统条件下的合规,是当前创业融资的重要决定因素。启示:本文描述了发展中国家中小企业的融资问题。深入了解中小企业的财务状况,重点关注这一领域的技术发展,为这一尚未充分探索的领域提供了重要的见解。它还为制定大流行后政策以支持其进一步增长提供了重要前提。原创性/价值:尽管关于创业融资的理论和实证文献越来越多,但本研究旨在为金融技术在这一领域的作用做出贡献。金融技术的影响以及金融技术实体对发展中国家中小企业活动的作用的研究仍然很少。此外,该研究还提供了这组国家中其他中小企业资金来源及其决定因素的简要概述。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The role of financial technology and entrepreneurial finance practices in funding small and medium-sized enterprises
PURPOSE: The traditional sources of financing (bank loans) cannot be treated as an essential source of financing for SMEs in developing countries. For this reason, this group of entities uses many alternative sources, from bootstrapping to microfinance and crowdfunding. During the last decade, a significant contribution in this area has been financial technology. The purpose of this study is threefold: 1) to present the role of financial technologies in financing SMEs, 2) to examine the role of entities based on financial technology in financing SMEs in developing countries, and 3) to consider other non-bank aspects of financing SMEs, leading to the improvement of the financial situation of these entities. The in-depth analysis of these entrepreneurial finance practices will be developed in the following papers presented in this Issue. METHODOLOGY: This study employs a theoretical approach based on a narrative literature review. The primary attention is focused on applying financial technology as a stimulant for the finance of SMEs in developing countries. FINDINGS: As a consequence of the financing gap for SMEs within the traditional financial system, these entities use non-bank financing based on financial technology. The research confirms that financial technology plays a crucial role in fostering the financial situation of SMEs in developing countries and providing greater financial inclusion for these entities. Both, financial technology and enterprises based on this technology contribute significantly to the improvement of efficiency of financing SMEs in emerging markets. They also provide a broader range of services, than were offered by the traditional financial sector. Regarding the other aspects of SME finance, it is essential to implement such ways of financing like microfinance services and crowdfunding. Such funding mechanisms, together with the budget process and the compliance under the conditions of e-tax systems, are important determinants of current entrepreneurial finance. IMPLICATIONS: The paper describes the financing of SMEs in developing countries. The in-depth picture of the SME’s financial situation, focusing on the technological development in this area, provides essential insight into this still poorly explored area. It also offers important premises for shaping the post-pandemic policy to support their further growth. ORIGINALITY/VALUE: Despite growing theoretical and empirical literature about entrepreneurship finance, this study aims to contribute to the role of financial technology in this area. The impact of financial technologies and the role of fintech-based entities on SME activity in developing countries are still poorly researched. Moreover, the research provides a brief overview of other SME funding sources and their determinants in this group of countries.
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来源期刊
CiteScore
4.70
自引率
5.60%
发文量
20
审稿时长
48 weeks
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