Theoretical and Methodological Aspects of Sustainable Development of Small and Medium Enterprises in Modern Finance Theory

In conditions of structural transformation of national economy a conceptual element of the notion ‘sustainable development’ is changing. In order to reach a sustainable development of economic entities special attention should be paid to small and medium enterprises due to their insecurity and lack of internal reserves of growth. The article studies general trends of small and medium enterprise development in the Russian Federation based on retrospective data exerting impact on forming finance sustainability in a short-term and long-term run. The authors analyzed approaches to definition of finance sustainability of small and medium enterprises elaborated by Russian scientists in the context of sustainable development and worked out the system of estimation indicators to identify finance sustainability of small and medium enterprises. Apart from that the definition of finance sustainability of small and medium enterprises was formulated that was shown as a key precondition for their sustainable development. The research extended the list of indicators used for assessing finance and economic sustainability of small and medium entrepreneurship in production sector.