ANALYZING THE VARIABLES THAT INFLUENCE ACCESS TO BANK FINANCING FOR SMALL AND MEDIUM ENTERPRISES IN KOSOVO AND NORTH MACEDONIA

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Filloreta Kunoviku-Demiri
Qazim Tmava
Esat A. Durguti

Abstract

This study aims to analyze variables that influence access to bank loans by SMEs in Kosovo and North Macedonia. Research methodology is compound by primary and secondary data. We hypothesized that the age of the SMEs, business size, written business plan, collateral type, and business experience before starting as an owner, owner education, and owner gender influence access to bank loans for SMEs. Econometric model results revealed that age of the SMEs, business size, and written business plan has a significant influence on bank loans borrowed by SMEs, while, collateral type, business experience before starting as an owner, owner level of education, and owner gender have no significant influence on bank loans borrowed by SMEs in the Republic of Kosovo. Furthermore, from the results obtained we revealed that age of the SMEs, business size, written business plan, and owners’ level of education has a significant influence on bank loan borrowed by SMEs, whereas, collateral type, business experience before starting as owner and owners gender have no significant influence on bank loans borrowed by SMEs in the Republic of North Macedonia. The findings suggest some future lines of research at the end and provide recommendations for the main stakeholders of this field of study.

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How to Cite
Kunoviku-Demiri, F. ., Tmava, Q. ., & Durguti, E. A. . (2021). ANALYZING THE VARIABLES THAT INFLUENCE ACCESS TO BANK FINANCING FOR SMALL AND MEDIUM ENTERPRISES IN KOSOVO AND NORTH MACEDONIA. Journal of Liberty and International Affairs, 7(3), 12-32. https://doi.org/10.47305/JLIA2137012kd
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Articles
Author Biographies

Filloreta Kunoviku-Demiri, Faculty of Economics, University “Isa Boletini” - Mitrovice, Kosovo

Filloreta KUNOVIKU DEMIRI. Professor at the University "Isa Boletini" Mitrovicë, has completed her Ph.D. studies at the University “St. Kliment Ohridski” - Bitola, Faculty of Economics in the Joint Programme Entrepreneurship and SMEs Management that was a Tempus Project. Filloreta has gained the scientific title Doctor of Entrepreneurship and SMEs Management under the supervision of mentor Prof. Dr. Nadine Tournois, University Cote D'Azur Nice, France. The author has published many articles and attended various conferences and workshops. The preferred fields of research are SMEs Finance, Entrepreneurship, Management, Innovations, SMEs Management, etc. The author has published many articles and attended various conferences and workshops.

Qazim Tmava, Faculty of Economics, University “Isa Boletini” - Mitrovice, Kosovo

Qazim TMAVA. Associate Professor at the University "Isa Boletini" Mitrovicë, has completed his Ph.D. studies at the University of Prishtina, Faculty of Economics - Department of Banking, Finance, and Accounting. The author has published many articles and attended various number of conferences and workshops. The preferred fields of research are Public Finance, Banking, Accounting, Financial Institutions, etc.

Esat A. Durguti, Faculty of Economics, University “Isa Boletini” - Mitrovice, Kosovo

Esat A. DURGUTI. Associate Professor at the University "Isa Boletini" Mitrovicë, has completed his Ph.D. studies at the University of Tirana, Faculty of Economics - Department of Finance. The author has published many articles and attended various number of conferences and workshops. The preferred fields of research are Financial economics, Banking, Managerial Accounting, etc.

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