Problems of Financing Small and Medium-Sized Enterprises in the Czech Republic

  • Oldřich Dědek
Chapter

Abstract

This chapter endeavours to address seemingly simple interrelated questions: How does the financial sector in the Czech economy, itself undergoing the deep process of transformation, contribute to the growth of small and medium-sized enterprises (SMEs)? Does the flow of funds from financial intermediaries to the SME sector match the priority attached to the promotion of the latter? Are there any major gaps in the financial infrastructure which slow down SME performance? What is and should be the role of government agencies and particularly their money in the process? Do established channels direct government funds to SME borrowers in an efficient way or is there room for recommending better solutions?

Keywords

Venture Capital Commercial Bank Banking Sector Medium Enterprise Development Banking 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
This is a preview of subscription content, log in to check access.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Beneš, V., ‘Small and Medium Enterprise in Numbers’, Prague, Ekonom, no. 3 (1993) (in Czech).Google Scholar
  2. Charap, J., ‘Entrepreneurship and SMEs in the EBRD’s Countries of Operation’, unpublished paper, 1993.Google Scholar
  3. Horkel, V., ‘Small and Medium Enterprises Need Assistance’, Prague, Nářodnî hospodářství, no.2 (1993) (in Czech).Google Scholar
  4. Izak, V. and A. Zemplinerová, ‘Monopoly and Economic Policy’, VP, EÚ ČSAV, Prague, no. 391 (1991) (in Czech).Google Scholar
  5. Klvačová, E., ‘Activities of Czech-Moravian Guarantee and Development Bank’, Prague, Ekonom, no.48 (1992) (in Czech).Google Scholar
  6. Konečná, M., ‘Barriers to SME development’, Prague, Ekonom, no. 22 (1992) (in Czech)Google Scholar
  7. Levitsky, J., ‘World Bank Lending to Small Enterprises’, The World Bank, Industry and Finance Series, vol. 16, 1986.Google Scholar
  8. Levitsky, J., and R.N. Prasad, ‘Credit Guarantee Schemes for Small and Medium Enterprises’, The World Bank, Industry and Finance Series, no. 58, 1987.Google Scholar
  9. McDermott, G.A. and M. Mejstřík, The Role of Small Firms in the Industrial Development and Transformation of Czechoslovakia, CERGE, Prague, 1991.Google Scholar
  10. Paulson, H., ‘Norwegian Commercial Banks as Source of Financing of SMEs’, EFTA workshop on financing SMEs, Prague, 1992.Google Scholar
  11. ‘Present State of Private Enterprise in CFSR, Its Promotion and Development.’ working material of Ministry of Economy, April 1992 (in Czech).Google Scholar
  12. ‘Problems of SME Development’, internal material of the Centrum for supporting small and medium enterprises, 1992 (in Czech)Google Scholar
  13. Průcha, V., History of Czechoslovak Economy in 19th and 20th Centuries, Prague, Svoboda (in Czech), 1974.Google Scholar
  14. Slifirczyk, K., ‘Financing of the Small and Medium Size Enterprises in Poland’, EFTA workshop on financing SMEs, Prague, 1992.Google Scholar
  15. Small Business Situation in Japan, Japan External Trade Organization, March 1986.Google Scholar
  16. Stijn, A., ‘Development of SME Financing in Central and Eastern Europe’, EFTA workshop on financing SMEs, Prague, 1992.Google Scholar
  17. Vrbská, D., ‘Experiences with the Realization of Government Support of Small and Medium Enterprises’, Prague, Poradce podnikatele, no. 10 (1993) (in Czech).Google Scholar

Copyright information

© Stephany Griffith-Jones and Zdeněk Drábek 1995

Authors and Affiliations

  • Oldřich Dědek

There are no affiliations available

Personalised recommendations