Challenges in Financing Small and Medium Enterprises in Palestine
Date
2016-06-30
Authors
Bayyoud, Mohammed
Sayyad Nermeen
Journal Title
Journal ISSN
Volume Title
Publisher
OMICS International
Abstract
The purpose of the study attempts to analyze the obstacles and challenges that face small and medium enterprises
in Palestine. This study seeks to look at the importance of small and medium enterprises, and to identify the most
important constraints faced by small entrepreneurs in obtaining the required funding in Palestine, and what are the most
important impediments toward financing of small projects.
The investigation helped in identifying the major challenges of financing small and medium business and what to
do in order to overcome these obstacles. It was also found that small enterprises are one of the most important key
elements in achieving economic development in all countries of the world where it accounts for the highest percentage
among all kinds of economic projects of all sizes.
A qualitative closed-ended survey was carried out for collecting data from managers and owners of 35 businesses
in Palestine. The responses of 28 statements were collected in five different categories. The findings showed that
the Obstacles facing the growth of small enterprises in Palestine by respondents was “Weakness of representative
organizations that defend the interests of small businesses, as well as Lack of legal frameworks and incentives for small
businesses
Description
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Citation
Bayyoud, M., & Sayyad, N. (2016). Challenges in financing small and medium enterprises in Palestine. Business and Economics Journal, 7(2), 222. https://doi.org/10.4172/2151-6219.1000222