Analyses of financing gap in the SME sector
Streszczenie
Among other barriers for investments in small and medium companies’ development
– financing gap seems to be the most serious problem in many EU countries. Both financial
institutions and state authorities will need some knowledge on the subject to carry out sustainable
economic growth policy, but also in the context of EU requirements concerning aid
programs for business. There is a significant financing gap in SMEs in Poland; however different
methods of its estimation give very different results. At the same time methodology
of gap estimation models is still imperfect, as evidenced among others by large dispersion of the results. Further research in this area is necessary. Both financial institutions and state
authorities will need some knowledge on the subject to adopt sustainable economic growth
policy, but also in the context of EU requirements concerning aid programs for business.
Hence permanent monitoring od the gap in the macroeconomic scale is necessary. Another
research problem are forms of financing of SMźs’, their accessibilitв and costs for companies.
Despite all the reservations for imperfection of particular models for financing gap
research, they are theoretically correct and they have practical value. Further research aiming
at the improvement of existing gap estimation models is justifiable.