Perspectives of Factoring as an Alternative Source for Financing Macedonian SMEs

Emilija Gjorgjioska, Tatjana Spaseska, Aneta Risteska Jankuloska and Dragica Odzaklieska

EconStor Conference Papers from ZBW - Leibniz Information Centre for Economics

Abstract: Factoring as a product of autonomous trade practice has become a very popular method for small and medium enterprises' (SMEs) financing. The financing through factoring is a specific way of fundraising through the account receivables sale by the factor provider who buys the account receivables for some financial interest. The main aim of the research is to analyze the factoring legal regime and practical application of factoring in the Republic of North Macedonia through some economic indicators. More specifically, it will be implemented comparative analysis on the legal regime and application in some Balkan countries. The main findings of the research highlight that the factoring in the Republic of North Macedonia is recognized in many legal acts but it's still missing a unitary regulation for the way on which the financial companies and banks will perform this service as factors. Considering the results of the research, the authors provide recommendations aimed to improve the application of factoring as an alternative source for SME's finding in North Macedonia.

Keywords: factoring contract; SMEs; financing; lex specialis (search for similar items in EconPapers)
JEL-codes: C00 G32 K12 K22 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/343400/1/ABS9-Corrected-Final.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:esconf:343400

Access Statistics for this paper

More papers in EconStor Conference Papers from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().