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Objectives and constraints of entrepreneurs: evidence from small and medium-sized enterprises in Russia and Bulgaria

The paper analyses the principal objectives and constraints of small and medium-sized enterprises (SMEs), using data from a survey of 437 owners and top managers (CEOs) of SMEs in Russia and Bulgaria. The CEOs display similar views and identify a small number of specific constraints as being the most important ones. The constraint on external financing is a particularly serious one and the SMEs use internal finance as a fall-back option.

Link http://www.ebrd.org/pubs/econo/wp0059.htm
Author Pissarides, F., Singer, M., Svejnar, J
Date Nov 2000
Institute EBRD
Tags Russia, Bulgaria, SME, enterprise, firm

See also

  1. Bankruptcy in Russia: External Management Performance
  2. Optimal design of bank bailouts: the case of transition economies
  3. A firm-level analysis of small and medium size enterprise financing in Poland
  4. Small and medium size enterprise financing in Eastern Europe
  5. Liquidity constraints and investment in transition economies - the case of Bulgaria

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