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Financial Conditions for the Development of Entrepreneurship in a Modernized Economy

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Economic Systems in the New Era: Stable Systems in an Unstable World (IES 2020)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 160))

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Abstract

The study of the financial aspects of small business development in the context of economic modernization is associated with virtual space due to the fact that information networks connect electronic exchange markets, in which contacts are made between various economic entities. The financial conditions for the development of small organizations have a number of features in comparison with other business entities. The financial conditions for the functioning of small organizations are influenced by positive and negative factors. It is proposed to isolate significant factors of using modern financial technologies using SWOT analysis. A systematic approach is proposed to determine the influence of the identified factors of financial technology on an important result of the activity of a small organization - economic added value. It is noted that modern financial technologies include, by types and scales, a variety of financial services provided to small organizations. In view of the fact that at present the importance of digital capabilities of companies is increasing compared to the availability of financial and production resources, it is concluded that modern financial technologies are key factors in ensuring the effective development of economic processes in small businesses.

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Authors and Affiliations

  1. Financial University under the Government of Russian Federation, Moscow, Russia

    Natalia Morozko, Nina Morozko & Valentina Didenko

Authors
  1. Natalia Morozko
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  2. Nina Morozko
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  3. Valentina Didenko
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Corresponding author

Correspondence to Natalia Morozko .

Editor information

Editors and Affiliations

  1. Applied Management Department, Samara State University of Economics, Samara, Russia

    Svetlana Igorevna Ashmarina

  2. Institute of Technology and Business, České Budějovice, Czech Republic

    Jakub Horák

  3. Institute of Technology and Business, České Budějovice, Czech Republic

    Jaromír Vrbka

  4. ÄŒEZ Group, Institute of Technology and Business, Praha 4, Czech Republic

    Petr Å uleÅ™

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© 2021 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG

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Morozko, N., Morozko, N., Didenko, V. (2021). Financial Conditions for the Development of Entrepreneurship in a Modernized Economy. In: Ashmarina, S.I., Horák, J., Vrbka, J., Šuleř, P. (eds) Economic Systems in the New Era: Stable Systems in an Unstable World. IES 2020. Lecture Notes in Networks and Systems, vol 160. Springer, Cham. https://doi.org/10.1007/978-3-030-60929-0_86

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  • DOI: https://doi.org/10.1007/978-3-030-60929-0_86

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-60928-3

  • Online ISBN: 978-3-030-60929-0

  • eBook Packages: EngineeringEngineering (R0)

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