Access to Finance for Entrepreneurs in MENA Region
DOI:
https://doi.org/10.58329/criss.v2i1.13Abstract
![](/public/site/graph.png)
The paper analyzes different financial investment mechanisms on offer for entrepreneurs of MENA regions. Whereby, a literature review-based study was carried out, while collecting resources from various online resources, to give a context of different financial mechanism like Angel investment, Micro financing and Islamic Banking. After giving a thorough analysis of different financial methods, recommendations were provided to further improve these methods to make it feasible for entrepreneurs to excel.
Keywords:
Entrepreneurs, Entrepreneurship, financial mechanisms, MENA, BankingReferences
Abdulsaleh, A. M., & Worthington, A. C. (2013). Small and medium-sized enterprises financing: A review of literature. International Journal of Business and Management, 8(36), 36–54. https://doi.org/10.5539/ijbm.v8n14p36
Abu Dhabi’s Department of Finance. (2020). Abu Dhabi Government SMEs credit guarantee program. https://www.adib.ae/en/Pages/Business_SME-Credit-Guarantee-program.aspx. Accessed 10 December 2020.
Adu, G., Marbuah, G., & Mensah, J. T. (2013). Financial development and economic growth in Ghana: Does the measure of financial development matter? Review of Development Finance, 3(4), 192–203. doi:10.1016/j.rdf.2013.11.001
Bakhouche, A., Elchaar, R., & Emam, M. (2020). Survey of financing options and key challenges faced by SMEs in the UAE: Economic environment, finance, and regulatory landscape. In Entrepreneurial Innovation and Economic Development in Dubai and Comparisons to Its Sister Cities (pp. 115–145). https://doi.org/10.4018/978-1-5225-9377-5.ch006
Beehive. (2020). Dubai SME and Beehive’s capital guarantee scheme for Emiratis.
Chemli, L. (2014). The nexus among financial develop ment and poverty. Journal of Life Economics, 2, 133–148. doi:10.15637/jlecon.46
De Winne, S., & Sels, L. (2010). Interrelationships between human capital, HRM and innovation in Belgian start-ups aiming at an innovation strategy. The International Journal of Human Resource Management, 21(11), 1863–1883. doi:10.1080/ 09585192.2010.505088
Dubai SME. (2019). The state of Small & Medium Enterprises (SMEs) in Dubai 2019.
El Fadel, M., Rachid, G., El-Samra, R., Bou Boutros, G., & Hashisho, J. (2013). Emissions reduction and economic implications of renewable energy market penetration of power generation for residential consumption in the MENA region. Energy Sources, 52, 618–627.
El-Zoghbi, M., Holle, N. and Soursourian, M. (2019), Emerging Evidence on Financial Inclusion: Moving from Black and White to Color, CGAP, World Bank, Washington, DC.
Emara, N. and El Said, A. (2020), “Financial inclusion and economic growth: the role of governance in selected MENA countries. Munich personal RePEc archive”, MPRA Paper No. 99257.
Hoang, C. C., & Ngoc, B. H. (2019). The Relationship between Innovation Capability and Firm's Performance in Electronic Companies, Vietnam. Journal of Asian Finance, Economics and Business, 6(3), 295-304. https://doi.org/10.13106/jafeb.2019.vol6.no3.295.
Jones, A., & Mosteanu, N. R. (2019, April 8–9). Entrepreneurship in the UAE dynamic market—Financing, challenges, and obstacles. 8th International Conference on Business and Economic Development (ICBED). New York, USA.
Khatib, S.F.A.; Hendrawaty, E.; Bazhair, A.H.; Rahma, I.A.A.; Al Amosh, H. Financial Inclusion and the Performance of Banking Sector in Palestine. Economies 2022, 10, 247. https://doi.org/10.3390/economies10100247
Kljucnikov, A., Civelek, M., Cera, G., Mezulanik, J., & Manak, R. (2020). Differences in Entrepreneurial Orientation (EO) of SMEs in the International Context: Evidence from the Czech Republic and Turkey. Engineering Economics, 31(3), 345-357. https://doi.org/10.5755/j01.ee.31.3.23933
Lee, J. W., & Xuan, Y. (2019). Effects of Technology and Innovation Management and Total Factor Productivity on the Economic Growth of China. Journal of Asian Finance, Economics and Business, 6(2), 63-73. https://doi.org/10.13106/jafeb.2019.vol6.no2.63
Lestari, S. D, Leon, F. M., Widyastuti, S., Brabo, N. A., & Putra, A. H. P. K. (2020). Antecedents and Consequences of Innovation and Business Strategy on Performance and Competitive Advantage of SMEs. Journal of Asian Finance, Economics and Business, 7(6), 365-378. https://doi.org/10.13106/jafeb.2020.vol7.no6.365
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 CARC Research in Social Sciences
![Creative Commons License](http://i.creativecommons.org/l/by/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution 4.0 International License.