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The relationship between financial access and growth of SMEs in emerging markets

Název práce v češtině:	Vztah mezi přístupem k finančním zdrojům a růstem malých a středních podniků v rozvíjejících se trzích
Název v anglickém jazyce:	The relationship between financial access and growth of SMEs in emerging markets
Klíčová slova:	access to finance, small and medium-sized enterprises, Central and Eastern European countries, economic crisis, firm characteristics, economic growth and financial development, COVID-19, Policy implications
Klíčová slova anglicky:	access to finance, small and medium-sized enterprises, Central and Eastern European countries, economic crisis, firm characteristics, economic growth and financial development, COVID-19, Policy implications
Akademický rok vypsání:	2018/2019
Typ práce:	diplomová práce
Jazyk práce:	angličtina
Ústav:	Katedra ruských a východoevropských studií (23-KRVS)
Vedoucí / školitel:	Mgr. Karel Svoboda, Ph.D.
Řešitel:	skrytý - zadáno vedoucím/školitelem
Datum přihlášení:	24.11.2019
Datum zadání:	24.11.2019
Datum a čas obhajoby:	17.06.2020 10:00
Místo konání obhajoby:	Jinonice - U Kříže 8, Praha 5, J2081, 2081, Jinonice - místn. č. 2081
Datum odevzdání elektronické podoby:	21.05.2020
Datum proběhlé obhajoby:	17.06.2020
Oponenti:	Julia Korosteleva
	Mgr. Ing. Petra Cibulková


Kontrola URKUND:

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Předběžná náplň práce

After identifying existing certain gaps in existing literature, studies focusing on SMEs' access to finance in such extreme external economic turmoil are scare, with far less attention to Central and Eastern European Countries, let alone link it with the COVID related recession. However, in times of new global economic challenges, we need to draw some implications from the past economic crisis, to review the potential factors that significantly affect smaller businesses’ ability to find external financial support to solve the insolvency problem and weather the storm.

In this dissertation, we primarily aim to assess whether SMEs in selected 16 Central and Eastern European Countries are intrinsically inferior or business and economic environment matter as well when it comes to obtaining finance amid of global financial crisis and economic downturn using a firm-level dataset from the World Bank Enterprise Survey.

The main purpose of the dissertation is to address the main research questions:
What are the determinants of SMEs’ access to finance during the financial crisis and how the robust determinants can guide the current recession?

For better presenting areas of interest, these key questions have been breakdown into several subquestions as follow:
1. Are a priori classifications effective to identify financially constrained and unconstrained firms in times of economic recession？
2. What are the main variables that affect SMEs’ degree of financing obstacles？
3. What can we learn from the 2008 crisis to combat with 2020 and future emerging recession？

To sum up, the purpose of this dissertation is to fill the research gaps and answer the abovementioned questions, which enable us to consider the determinants of financing obstacles of the SME sector in Central and Eastern European countries and also identify appropriate measures government and financial intermediaries could take to help vulnerable businesses to navigate through the unprecedented economic recession.

Předběžná náplň práce v anglickém jazyce