ANALYSIS OF INFORMAL SOURCES OF FINANCING IN CROATIA

Jelena Sisara () and Jasmina Sladoljev ()
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Jelena Sisara: Collage in Sibenik
Jasmina Sladoljev: Collage in Sibenik

Economy of eastern Croatia yesterday, today, tommorow, 2015, vol. 4, 500-508

Abstract: This paper overviews the sources of financing entrepreneurship in Croatia, with special emphasis on informal sources, and uses the information gathered by Global Entrepreneurship Monitor (GEM) Croatia 2010. The sources of financing are one of the key elements (with entrepreneurial opportunities, and human resources) affecting to the growth of entrepreneurial activities that ultimately generates the general economic growth of the national economy of a country. According to the GEM research of experts it was found that financial support is one of the unfavorable conditions of entrepreneurial activity. Therefore, this paper analyze views of experts on the sufficiency and availability of financial sources, required money, the link between financial resources and entrepreneurial motives in the Republic of Croatia (Croatia). The aim of this paper is, through a greater number of variables related to funding sources, point out the problem of the entrepreneurial financial sources, especially on informal sources of financing. After a thorough bibliographic review regarding financial sources and analysis of GEM data, results show that financial sources are insufficient – particularly informal. Presented and interpreted results could be a useful basis and encouragement for a further research in this and similar topics.

Keywords: Financial sources; Entrepreneurship; Experts; Entrepreneurial motives; Informal investors (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:osi:eecytt:v:4:y:2015:p:500-508

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