0000000001239698
AUTHOR
Tatiana Papiashvili
Micro and Small Businesses Access to Finance and Financial Literacy of their Owners: Evidence from Latvia, Estonia and Georgia
Lack of financial literacy of micro, small and medium-sized enterprises (MSMEs) owners/managers is often mentioned among the reasons of their financial exclusion. The main objective of the article is to verify whether the targeted group - MSMEs - access to finance and financial literacy of their owners/managers are closely linked in observed countries – Latvia, Estonia and Georgia. As a supportive objective, analysis of the relationship between financial literacy of MSMEs owners, adult literacy and the level of general education in a country is also analyzed. The research is exploratory in its nature, based on intensive literature review, analysis of the countries’ statistics and the case s…
Business valuation: classical and advanced methods
The topic chosen by the authors implies a qualitative rather than quantitative research approach. The aim of this paper is having assessed the value of a particular company using classical and advanced approaches to analyse the evaluation results obtained using different approaches and give recommendations to company managers. To achieve the aim, the following objectives were set: explore different views on the interpretation of the company as a subject of evaluation; analyse the major methods of assessing the value of companies; having gathered empirical data, assess the value of the particular company using classical and advanced methods; conduct a sensitivity analysis by considering fact…
Small business in a small country and the role of government (the case of Georgia)
Problem statement: The value of small and medium-sized enterprises (SMEs) for a national economy is recognized all over the world. Georgia is not an exception. Georgian government has declared the importance of the creation of a strong private sector in strategic documents - “Socio-Economic Development Strategy of Georgia – Georgia 2020” (2014) and “For a Strong, Democratic and United Georgia” (2015), first of all. In line with country’s general strategy - to achieve economic growth through private sector development - more proactive reforms to develop entrepreneurship, start-ups and build a competitive SME sector have been developed and special program -“SME Development Strategy 2016-2020”…