Features of the Russian Small and Medium-sized Enterprise Lending Market at the Present Stage

Lending is one of the factors in the development of small and medium-sized businesses. In recent years, the Russian state has made serious efforts to increase the availability of borrowed funds for business and uses the lending market as a tool to accelerate economic growth. The work shows that the...

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Autor principal: E. V. Zhirnel
Formato: article
Lenguaje:EN
RU
Publicado: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2021
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Acceso en línea:https://doaj.org/article/dadf100acc114785950ce92d3713e025
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spelling oai:doaj.org-article:dadf100acc114785950ce92d3713e0252021-11-12T10:46:13ZFeatures of the Russian Small and Medium-sized Enterprise Lending Market at the Present Stage1726-11391816-859010.22394/1726-1139-2020-11-77-92https://doaj.org/article/dadf100acc114785950ce92d3713e0252021-01-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/1571https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590Lending is one of the factors in the development of small and medium-sized businesses. In recent years, the Russian state has made serious efforts to increase the availability of borrowed funds for business and uses the lending market as a tool to accelerate economic growth. The work shows that the same mechanism works as one of the most rapid and effective in the implementation of anti-crisis policies, which can be observed, including during the 2020 pandemic.The purpose of the study is to identify the features and problems of the modern stage of the development of the lending market for small and medium-sized enterprises in Russia. The article considers two levels of financial support for small and medium-sized businesses: federal and regional. Today they are represented by different institutions that complement each other. However, despite large-scale state programs to stimulate lending, the share of small and medium-sized enterprises using borrowed funds remains low and insufficient for the active development of this sector of the economy.The study used expert and statistical analysis, the information base for the study was statistics from the Bank of Russia, the Federal Tax Service, legislation in the field of entrepreneurship, data from executive authorities, analytical reports from the Bank of Russia, the Accounts Chamber of Russia, and the Expert RA rating agencyE. V. ZhirnelNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articlesmall businessentrepreneurshipcreditstate policyPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 11, Pp 77-92 (2021)
institution DOAJ
collection DOAJ
language EN
RU
topic small business
entrepreneurship
credit
state policy
Political institutions and public administration (General)
JF20-2112
spellingShingle small business
entrepreneurship
credit
state policy
Political institutions and public administration (General)
JF20-2112
E. V. Zhirnel
Features of the Russian Small and Medium-sized Enterprise Lending Market at the Present Stage
description Lending is one of the factors in the development of small and medium-sized businesses. In recent years, the Russian state has made serious efforts to increase the availability of borrowed funds for business and uses the lending market as a tool to accelerate economic growth. The work shows that the same mechanism works as one of the most rapid and effective in the implementation of anti-crisis policies, which can be observed, including during the 2020 pandemic.The purpose of the study is to identify the features and problems of the modern stage of the development of the lending market for small and medium-sized enterprises in Russia. The article considers two levels of financial support for small and medium-sized businesses: federal and regional. Today they are represented by different institutions that complement each other. However, despite large-scale state programs to stimulate lending, the share of small and medium-sized enterprises using borrowed funds remains low and insufficient for the active development of this sector of the economy.The study used expert and statistical analysis, the information base for the study was statistics from the Bank of Russia, the Federal Tax Service, legislation in the field of entrepreneurship, data from executive authorities, analytical reports from the Bank of Russia, the Accounts Chamber of Russia, and the Expert RA rating agency
format article
author E. V. Zhirnel
author_facet E. V. Zhirnel
author_sort E. V. Zhirnel
title Features of the Russian Small and Medium-sized Enterprise Lending Market at the Present Stage
title_short Features of the Russian Small and Medium-sized Enterprise Lending Market at the Present Stage
title_full Features of the Russian Small and Medium-sized Enterprise Lending Market at the Present Stage
title_fullStr Features of the Russian Small and Medium-sized Enterprise Lending Market at the Present Stage
title_full_unstemmed Features of the Russian Small and Medium-sized Enterprise Lending Market at the Present Stage
title_sort features of the russian small and medium-sized enterprise lending market at the present stage
publisher North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate 2021
url https://doaj.org/article/dadf100acc114785950ce92d3713e025
work_keys_str_mv AT evzhirnel featuresoftherussiansmallandmediumsizedenterpriselendingmarketatthepresentstage
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