Research
Assessment of Small Enterprise Financing ,Case of Jordan
Study Importance: Small enterprises represent the most important pillars of economic development of the most countries of the world, these enterprises account for the highest percentage among all types of enterprises that contribute to the economic productivity. Small enterprises have been the focus and attention of most governments in developing countries due to the role they play in increasing production and employment in addition to their active contribution in increasing the rates of economic growth and national income and their support of the GNP of many countries. Research importance relies in identifying the most obstacles facing small businesses from small entrepreneurs perspective. Study Purpose: That small enterprises form the backbone of the economy in all countries of the world, without exception. This research is an attempt to provide some solutions that may help in addressing the financing problem of small projects, especially in developing countries, identification of the main obstacles that small entrepreneurs face in financing their small projects. Study Results: This study sought to identify the most important constraints faced by small entrepreneurs in Jordan as well as assessing present methods of financing these enterprises, through a field study by using a purposeful sample of the owners of these enterprises. The researcher has analyzed 345 questionnaires and through the analysis, a set of results have been reached and are summarized as follows: ô€€ Insufficient amount of funding of these enterprises. ô€€ Militancy in demanding guarantees in return for granting the loans. ô€€ The high interest rates of these loans were the most important challenges faced by entrepreneurs of the study sample. Based on the results of the study, the researcher recommends the need for the financial institutions to initiate a special policy to encourage entrepreneurs carry out their creative ideas and innovations via small enterprises and this encouragement will
The Impact of Leasing Decisions on the Financial Performance of Industrial Companies
a) Preamble The contractual agreement represents the lease between the two Parties, the lessee and the lessor, and gives the contract to the lessee the right to use certain assets for a specific time period owned by the lessor in return for periodic payments paid by the tenant for the owner. the use of leases have largely spread because of the advantages offered by the leases as an alternative to owning originally included leases many magazines including ships, aircraft , land , and buildings. The leasing historically runs from the date of the Pharaohs and in Iraq, thousands of years ago people were working in the lease, such as rental of agricultural land and agricultural equipment. Leasing was well known in Islamic economics. In fact leasing exists in Islamic economics and is named Ijara; Ijara leads to acquisition. Leasing currently is based on Western experience, as with regard to leasing in the modern era, after the industrial revolution and after the Second World War, there was a need for the use of industrial machinery and equipment to keep pace with developments in those countries were not allowed at the time to own land were established leasing companies to help secure the land as well to finance industrial machinery and equipment, which was to keep pace with the industrial revolution. Aftermath World War II, leasing companies were specifically established in U.S.A. and Europe, where banks were not permitted to that do this job, and at the time when banks noticed that the leasing companies are working well and contribute to the growth of the economies of their countries, the banks asked to be allowed to exercise the lease and were allowed to do so. The banks at the moment were the biggest beneficiaries of the system of leasing. In this study, the researcher will analyze the data of industrial sector companies in Jordan for a number of years in an attempt to see the impact the leasing decisions on the performance of these companies.
