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Vol.5, No.3, August 2016. ISSN: 2217-8309 eISSN: 2217-8333
TEM Journal
TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS Association for Information Communication Technology Education and Science |
Access to Finance of the Macedonian Companies in the Post-Crisis period
Meri Boshkoska, Spire Lazaroski
© 2016 Meri Boshkoska, Spire Lazaroski, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)
Citation Information: TEM Journal. Volume 5, Issue 3, Pages 353-362, ISSN 2217-8309, DOI: 10.18421/TEM53-16, August 2016.
Abstract:
In this paper we analyzed the liquidity of the companies, the plans for the future cash flows and questions related to the new law regarding the financial discipline. Main questions addressed here are the number of difficulties related to the sources of financing the current and the developing activities of the companies in Macedonia. The analysis is undertaken by using statistical techniques and models. The results suggest that in the post-crisis period the companies are facing with number of difficulties of providing financial resources for the current and the developing activities where the most significant source of finance are the bank credits. Also, the results suggest that delayed payment of claims, the legislative and the high level of interest rate are the most common factors that restrict the access to finance of the Macedonian companies.
Keywords – financing, credit, liquidity, banking, procedure, legislation, SMEs. |
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