Do SMEs in Slovakia face real difficulties in obtaining financing? Comparison of the studies from Slovakia and the EU
Year: 2016
Type: article
Abstract: Financial crises and worsening economic and business conditions reduce the number of enterprises in Slovakia.Many relevant institutions declare that barriers for doing business are increasing and many small companies have problems with financing.We decided to compare several scientific research studies from Slovakia and provide an answer to the question: Do SMEs in Slovakia really have problems with obtaining financial resources or is it just an overused assumption?Do companies face this type of financial risk?The aim of this article is to bring an answer to this question on the basis of the results of two scientific research studies conducted in Slovakia and focused on business and finance.The first was conducted in cooperation with the Association of Young Entrepreneurs and the second was part of international research at the Pan-european University in Bratislava and The University of Tomáš Baťa in Zlín.Both were realized in 2011-2013.The paper compares the obtained evidence with the statistical data from the EU.The comparison of Slovak and EU results concerning the situation with SMEs access to financing in Slovakia allowed to identify the differences and similarities regarding the stated hypotheses.This comparison offers a wider view on the situation in Slovakia and other EU countries.The results of our
Source: JOURNAL OF INTERNATIONAL STUDIES
Authors: Aleksandr Ključnikov, Monika Sobeková Majková, Alexander Schwendemann, Christian Knogler
Institution: Pan-European University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2794027770