Assessment methods of financing activities efficiency for small businesses in the region (on the example of Astrakhan region)

Abstract

Purpose: the authors analyze the current state of small business in the Astrakhan region, identify the problems of financing and solve this problem, using the method of assessing the effectiveness of financial support for small businesses in the region. Discussion: the authors examines the role of small business as the main element of economic development in the region in this research. During the study period, there was a decrease in turnover, liquidity and financial stability of the enterprise. All this has affected the decline in profitability and income of the enterprise. In this connection, the dependence of small businesses on additional sources of financing has increased. Results: the analysis of the current state for small business in the region allowed to establish the main problem of its development – the lack of sufficient financial resources, as well as the identification for the main directions of funds allocation with the use of the proposed methodology for assessing the effectiveness of financial support for small businesses in the region.