Entrepreneurial financing in the Republic of Moldova: opinion of entrepreneurs
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2024-05-15 12:22
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336.648(478) (2)
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IANIOGLO, Alina. Entrepreneurial financing in the Republic of Moldova: opinion of entrepreneurs. In: Creşterea economică în condiţiile globalizării, Ed. 17, 12-13 octombrie 2023, Chișinău. Chisinau, Moldova: Departamentul Editorial-Poligrafic al ASEM, 2023, Ediția 17, p. 13. DOI: https://doi.org/10.36004/nier.cecg.I.2023.17.10
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Dublin Core
Creşterea economică în condiţiile globalizării
Ediția 17, 2023
Conferința "Creşterea economică în condiţiile globalizării"
17, Chișinău, Moldova, 12-13 octombrie 2023

Entrepreneurial financing in the Republic of Moldova: opinion of entrepreneurs

DOI:https://doi.org/10.36004/nier.cecg.I.2023.17.10
CZU: 336.648(478)
JEL: G20, G24, L26, O16

Pag. 13-13

Ianioglo Alina
 
National Institute for Economic Research, AESM
 
 
Disponibil în IBN: 24 noiembrie 2023


Rezumat

Access to financial resources is perceived as a crucial component of entrepreneurship. Due to insufficient equity capital, enterprises need to access external sources. Therefore, it is important to determine the accessibility and difficulties experienced by entrepreneurs in accessing sources of finance. The article aims to analyze the contribution of the financing component to the development of the entrepreneurial ecosystem in the Republic of Moldova. For this purpose, the following research methods were used: analysis of statistical data and a questionnaire-based survey of entrepreneurs, conducted in 2022. Indicators characterized both the ease of access to different financial sources and the level of requirements regarding the guarantees requested by financial institutions when accessing a loan. The data shows that entrepreneurs evaluated the highest access to loans from non-bank and bank financial institutions. Nevertheless, the analysis of the questionnaire data reveals negative evaluations of the indicators regarding the level of requirements on guarantees. Thus, high requirements on guarantees for loans cause difficulties in accessing financing for local enterprises. Despite the measures taken, a number of entrepreneurs noticed difficulties in accessing financing within state programs. The biggest difficulties enterprises face in accessing venture capital. The emergence of new financing sources has substantially increased the financing options available to businesses. At the same time, access to electronic platforms for attracting financing (crowdfunding, cryptocurrencies, etc.) is not sufficiently developed in the entrepreneurial ecosystem of the Republic of Moldova and requires special attention.

Cuvinte-cheie
finance, enterprise, Entrepreneurial ecosystem, guarantees, loans, crowdfunding, venture capital