ALTERNATIVE SOURCES OF FINANCING ENTREPRENEURIAL UNDERTAKINGS IN AGRICULTURE

Vladimir Njegomir; Rajko Tepavac; Nenad Ivanišević

doi:10.5937/ekoPolj1701295N

Authors

Vladimir Njegomir, PhD Union University, Faculty of Law and Business Studies, Dr Lazar Vrkatić
Rajko Tepavac, PhD Institute for economics and fnance
Nenad Ivaniševi?, PhD Ministry of Labour, Employment, Veteran and Social Affairs of the Government of the Republic of Serbia, Belgrade

DOI:

https://doi.org/10.5937/ekoPolj1701295N

Keywords:

entrepreneurship, agriculture, microcredits, business angels, risk capitalists and crowdfunding.

Abstract

Insuffciency of internal fnancial resources and limited access to external sources of capital, as one of the key problems, local agricultural producers - entrepreneurs usually describe with high cost of capital, complicated procedures, lack of transparency in regard to the settlement of credit requests and problems with security of loans. The aim of this study is to analyze the possibilities of facilitating access to increased volume of capital for domestic entrepreneurs in agriculture by using funding sources that are applied in developed economies for fnancing entrepreneurs. In order to achieve the stated aim, the subject of investigation in this paper is the analysis of alternative sources of fnancing, which use or increased adoption in Serbia would provide greater availability of capital for agricultural producers and others across the chain of agrobusiness complex and thus the promotion of entrepreneurrial activity, and consequently, greater competitiveness and greater Income of domestic agricultural producers and others across the chain of agrbusiness indirectly leading to increased economic growth and improvement of the welfare.

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