Development of a Methodology for Assessing the Performance of Financial Mechanisms to Support SMEs

Maxim Kostyukhin, Tatiana Sobol, Nadezhda Sergeeva, Irina Razinkina

2021

Abstract

The purpose of the study was to develop a methodology for assessing the performance of financial mechanisms to support small and medium-sized businesses based on the analysis of statistical data. The authors proposed the use of a composite index, which allows to assess the effect of the implemented mechanisms in three aspects: the quality of the entrepreneurial environment development, budget efficiency and the impact on the labor market. Each aspect was assessed based on a set of macroeconomic indicators that form the corresponding evaluation index. The final assessment was carried out using a composite index, which includes an integral index of the quality of development of small and medium-sized businesses, an integral index of the efficiency of the use of state budget resources, an integral index of social efficiency of small and medium-sized businesses. The results of the study allow us to draw conclusions about the connection between individual measures of financial support and their impact on the quality of the business environment.

Paper Citation

in Harvard Style

Kostyukhin M., Sobol T., Sergeeva N. and Razinkina I. (2021). Development of a Methodology for Assessing the Performance of Financial Mechanisms to Support SMEs. In Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES, ISBN 978-989-758-546-3, pages 347-353. DOI: 10.5220/0010703000003169

in Bibtex Style

@conference{ses21,
author={Maxim Kostyukhin and Tatiana Sobol and Nadezhda Sergeeva and Irina Razinkina},
title={Development of a Methodology for Assessing the Performance of Financial Mechanisms to Support SMEs},
booktitle={Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,},
year={2021},
pages={347-353},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010703000003169},
isbn={978-989-758-546-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,
TI - Development of a Methodology for Assessing the Performance of Financial Mechanisms to Support SMEs
SN - 978-989-758-546-3
AU - Kostyukhin M.
AU - Sobol T.
AU - Sergeeva N.
AU - Razinkina I.
PY - 2021
SP - 347
EP - 353
DO - 10.5220/0010703000003169