Financing of Innovative Small and Medium-Sized Enterprises. A Research in Turkey
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2016, Vol 6, Issue 1
Abstract
Today’s business realm involves a vast variety of businesses and business groups; small and medium-sized enterprises (SMEs) being one of the most prominent. Despite countless investigations from many different business-related perspectives, their innovation perspective is rarely subjected. This current study chooses this perspective and moves a step beyond by considering financing of these businesses. In other words, this study covets to uncover how innovative SMEs are financed, how much these businesses care about professionalization towards financing issues, and what problems they face in their financing processes. Emphasizing innovative SMEs in techno parks in Turkey, this study discloses noteworthy facts from the Turkish context. Major findings pinpoint a low priority towards a professional financing approach and problems related with external and long-term financing opportunities. A noteworthy implication about both external and long-term financing is that they are entirely dependent on exogenous factors. Most of the participating businesses are on micro and small scales, besides being very young.
Authors and Affiliations
Aysegul Ertugrul Ayranci, Evren Ayranci
Keywords
Related Articles
- EP ID EP117677
- DOI 10.6007/IJARAFMS/v6-i1/1997
- Views 71
- Downloads 0
Environmental Cost - An Environment Management Accounting Component
The present article intends to highlight the importance of the impact of the economic activities on the environment, and of its integration in the decisional and financial system of the national economic entities. During...
Investigating Effect of Governmental Ownership on the Investment Decisions of Managers
The establishment of appropriate corporate governance mechanisms is a basic measure for the efficient use of resources, improvement of accountability, transparency, observance of fairness and the rights of all stakeholde...
Attitudes towards e-Bookkeeping in Turkey: Initial Research
Accounting profession has evolved and with the use of computer technology, many concepts related to accounting have emerged. This study considers one of such, e-bookkeeping, and uncovers the attitudes of accounting profe...
Study Effective Factors on Employees’ Empowerment by a Model Based on Conger & Kanungo Model; Case Study: Social Security Organization of Bandar Abbas (Iran)
Investigating the Relationship between Self-Leadership Strategies and Job Satisfaction
The aim of this study was to investigate the relationship between self-leadership strategies and job satisfaction. The study took place at an educational organization in Isfahan. A random sample of 164 employees was sele...