Use of stock market instruments as a way to support small and medium-sized businesses during economic crises
This study determines the possibilities of using stock market instruments as a source of financing for small and medium-sized businesses during the COVID-19 coronavirus crisis, as well as developing proposals for expanding the system of public support measures to popularise this mode of financing. T...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-12-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/3155 |
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| author | K. V. Gluhov M. V. Shipilova |
| author_facet | K. V. Gluhov M. V. Shipilova |
| author_sort | K. V. Gluhov |
| collection | DOAJ |
| description | This study determines the possibilities of using stock market instruments as a source of financing for small and medium-sized businesses during the COVID-19 coronavirus crisis, as well as developing proposals for expanding the system of public support measures to popularise this mode of financing. The authors put forward a hypothesis that the stock market is an effective tool for small and medium-sized businesses to use in times of crisis, but that it is rarely used at the moment. The existing methods of state support for small and medium-sized businesses using stock market instruments have been systematised and reviewed. The procedure for granting subsidies to small and medium-sized businesses has been defined and the procedure for selecting issuers has been highlighted. Foreign experience of supporting small and medium-sized businesses through the stock market, using the United States and Polish examples, has been studied. The difficulties encountered by entrepreneurs in using the stock market instruments in Russia have been analysed and proposals for overcoming them have been made. Conclusions have been made on the effectiveness of this way of supporting small and medium-sized businesses in a difficult economic situation. A proposal to expand the system of state support and popularise this method of financing among small and medium-sized businesses has been formulated. |
| format | Article |
| id | doaj-art-84dcc824a3e6404ca03654f604bc4f47 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-84dcc824a3e6404ca03654f604bc4f472025-02-04T08:28:10ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-12-0101013914610.26425/1816-4277-2021-10-139-1462181Use of stock market instruments as a way to support small and medium-sized businesses during economic crisesK. V. Gluhov0M. V. Shipilova1Ministry of Economic Development of Russian FederationRussian Presidential Academy of National Economy and Public AdministrationThis study determines the possibilities of using stock market instruments as a source of financing for small and medium-sized businesses during the COVID-19 coronavirus crisis, as well as developing proposals for expanding the system of public support measures to popularise this mode of financing. The authors put forward a hypothesis that the stock market is an effective tool for small and medium-sized businesses to use in times of crisis, but that it is rarely used at the moment. The existing methods of state support for small and medium-sized businesses using stock market instruments have been systematised and reviewed. The procedure for granting subsidies to small and medium-sized businesses has been defined and the procedure for selecting issuers has been highlighted. Foreign experience of supporting small and medium-sized businesses through the stock market, using the United States and Polish examples, has been studied. The difficulties encountered by entrepreneurs in using the stock market instruments in Russia have been analysed and proposals for overcoming them have been made. Conclusions have been made on the effectiveness of this way of supporting small and medium-sized businesses in a difficult economic situation. A proposal to expand the system of state support and popularise this method of financing among small and medium-sized businesses has been formulated.https://vestnik.guu.ru/jour/article/view/3155small and medium businessesenterprisesstate supportstock marketcrisiscovid-19government of the russian federationforeign experiencealternative sources of financing |
| spellingShingle | K. V. Gluhov M. V. Shipilova Use of stock market instruments as a way to support small and medium-sized businesses during economic crises Вестник университета small and medium businesses enterprises state support stock market crisis covid-19 government of the russian federation foreign experience alternative sources of financing |
| title | Use of stock market instruments as a way to support small and medium-sized businesses during economic crises |
| title_full | Use of stock market instruments as a way to support small and medium-sized businesses during economic crises |
| title_fullStr | Use of stock market instruments as a way to support small and medium-sized businesses during economic crises |
| title_full_unstemmed | Use of stock market instruments as a way to support small and medium-sized businesses during economic crises |
| title_short | Use of stock market instruments as a way to support small and medium-sized businesses during economic crises |
| title_sort | use of stock market instruments as a way to support small and medium sized businesses during economic crises |
| topic | small and medium businesses enterprises state support stock market crisis covid-19 government of the russian federation foreign experience alternative sources of financing |
| url | https://vestnik.guu.ru/jour/article/view/3155 |
| work_keys_str_mv | AT kvgluhov useofstockmarketinstrumentsasawaytosupportsmallandmediumsizedbusinessesduringeconomiccrises AT mvshipilova useofstockmarketinstrumentsasawaytosupportsmallandmediumsizedbusinessesduringeconomiccrises |