Financing Responsible Small- and Medium-Sized Enterprises

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Business and Entrepreneurship".

Deadline for manuscript submissions: closed (31 December 2022) | Viewed by 3753

Special Issue Editors


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Guest Editor

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Guest Editor
Department of Business Administration, Tallinn University of Technology, 19086 Tallinn, Estonia
Interests: renewable energy systems; circular economy; sustainable product and service development
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Special Issue Information

Dear Colleagues,

This Special Issue focuses on the topic of “Financing Responsible Small- and Medium-Sized Enterprises” and includes novel research on and discussion of financing measures, instruments, and actions aimed at supporting small- and medium-sized enterprises (SMEs) with a clear and dedicated focus on being or becoming a responsible actor in society. More precisely, the focus is on those SMEs committed to making an active contribution to reaching the UN Sustainable Development Goals. Thereby, this Special Issue covers all types of smaller firms, i.e., start-ups and mature SMEs, including small firms preparing for succession/business transfers.

Considering the fact that small firms encounter more difficulties in collecting external finance compared to their larger counterparts, and taking into account the most recent developments at the geographical level, theoretical, conceptual, and empirical articles on new and innovative approaches to financing different stages of small firms’ efforts to remain or become responsible companies are welcome.

Contributions focusing on novel and alternative financing measures and instruments dedicated to fostering responsible activities in SMEs and other issues related to financing responsible small firms are encouraged as well.

Prof. Dr. Susanne Durst
Prof. Dr. Wolfgang Gerstlberger
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • small- and medium-sized enterprises (SMEs)
  • start-ups
  • responsible financing
  • financing sustainable businesses
  • innovative financing measures
  • innovative financing instruments
  • financing business transfer
  • sustainable financing supports
  • SDGs support
  • ESG

Published Papers (1 paper)

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Research

14 pages, 930 KiB  
Article
Strengthening Formal Credit Access and Performance through Financial Literacy and Credit Terms in Micro, Small and Medium Businesses
by Maria Widyastuti, Deograsias Yoseph Yustinianus Ferdinand and Yustinus Budi Hermanto
J. Risk Financial Manag. 2023, 16(1), 52; https://doi.org/10.3390/jrfm16010052 - 16 Jan 2023
Cited by 2 | Viewed by 3422
Abstract
This study aims to test financial literacy and credit conditions in determining formal credit access to determine the performance of MSMEs. This research includes the type of associative research that is accompanied by hypothesis testing. This research was conducted on MSMEs of as [...] Read more.
This study aims to test financial literacy and credit conditions in determining formal credit access to determine the performance of MSMEs. This research includes the type of associative research that is accompanied by hypothesis testing. This research was conducted on MSMEs of as many as 324 creative industry players in four cities in East Java (Mojokerto, Pasuruan, Gresik, and Sidoarjo) with a sample size of 100 actors who had accessed formal credit using the stratified random sampling method for data collection. The results of Smart PLS analysis show that financial literacy and credit terms directly and significantly affect access to formal credit and MSME performance; formal credit access directly and significantly affects MSME performance. Likewise, financial literacy and credit terms indirectly affect the performance of MSMEs. These results mean that financial literacy and credit terms have a strategic role in explaining why access to formal credit is growing and is attracting MSMEs to strengthen capital to improve performance. Full article
(This article belongs to the Special Issue Financing Responsible Small- and Medium-Sized Enterprises)
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