Financing SMEs and Entrepreneurs 2013
An OECD Scoreboard
Access to finance represents one of the most significant challenges for entrepreneurs and for the creation, survival and growth of small businesses. As governments address this challenge, they are running up against a major and longstanding obstacle to policy making: insufficient evidence and data. Better data is needed to understand the financing needs of SMEs and entrepreneurs and to provide the basis for informed institutional and public policy decisions. The OECD Scoreboard on financing SMEs and entrepreneurs represents a major step in addressing this obstacle by establishing a comprehensive international framework for monitoring SMEs’ and entrepreneurs’ access to finance over time. The Scoreboard presents data for a number of debt, equity and financing framework condition indicators. Taken together, they provide governments and other stakeholders with a tool to understand SMEs’ financing needs, to support the design and evaluation of policy measures and to monitor the implications of financial reforms on SMEs’ access to finance.
This second edition comprises 25 countries, including Canada, Chile, the Czech Republic, Denmark, Finland, France, Hungary, Ireland, Italy, Korea, the Netherlands, New Zealand, Norway, Portugal, the Russian Federation, Serbia, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom and the United States. It includes an overview of SME financing trends and conditions across participating countries, focusing in particular on the changes which occurred between 2010 and 2011, and of government policy responses intended to improve SMEs’ access to finance. The second edition also includes a Reader's Guide, a thematic focus on Credit Guarantee Schemes and methodological Annexes.
Also available in: French
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Russian Federation
The Russian Federation does not use the EU definition of an SME (see Box 4.7). The Russian State Statistics Service undertook a complete statistical census of actually operating SMEs in 2011. Included were individual entrepreneurs and those micro, small and medium enterprises which were legal entities or officially registered. If both legal and non-legal entities were included, there were 4.6 million SMEs in the Russian Federation in 2011 vs. 3.2 million legal operating entities. However, according to the State Tax Administration there were 5.9 million registered SMEs in 2011. The difference between the two figures 4.6 million and 5.9 million is explained by the fact that some SMEs register in one area and operate in another area and such SMEs were not counted in the survey undertaken by the Russian State Statistics Service. The State Tax Administration provided the following breakdown of registered firms.
Also available in: French
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