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Measuring Performance of the SMEs: A Case of Ukraine

Author

Listed:
  • Tamara A. Horobets

    (International Humanitarian University, Ukraine)

Abstract

The study aims to measure performance of the Ukrainian SMEs using value-added and other appropriate indicators. Using the indicators of value-added, labour productivity and profitability, and two-stage model of analysis, the author found out the small business was a locomotive of productivity growth and value-added in the Ukrainian SMEs' sector during 2010-2019. However, the level of profitability was much better at the medium-sized enterprises, which provided a positive financial result of SMEs' sector for except of the most critical years of 2014-2015. It was figured out that SMEs in professional, scientific and technical activities, processing industry, and construction have the highest ability to create value-added. It is in these industries that SMEs in the Odessa region work most efficiently, create jobs and pay decent wages.

Suggested Citation

  • Tamara A. Horobets, 2020. "Measuring Performance of the SMEs: A Case of Ukraine," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 9(4), pages 162-168, December.
    • Handle: RePEc:ods:journl:v:9:y:2020:i:4:p:162-168
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    References listed on IDEAS

    as
    1. Alhassan Musah & Erasmus Dodzi Gakpetor & Portia Pomaa, 2018. "Financial Management Practices, Firm Growth and Profitability of Small and Medium Scale Enterprises (SMEs)," Information Management and Business Review, AMH International, vol. 10(3), pages 25-37.
    2. Natalia O. Lazareva, 2015. "Evaluating the Efficiency of Wineries in Ukraine: A Three-Criteria Approach," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(4), pages 239-242, November.
    3. Yahia, F.B. & Essid, H., 2019. "Determinants of Tunisian Schools’ Efficiency: A DEA-Tobit Approach," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(1), pages 44-56, February.
    4. Anatoliy G. Goncharuk, 2014. "Measuring Enterprise Performance to Achieve Managerial Goals," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(1), pages 8-14.
    5. Anatoliy G. Goncharuk, 2016. "Evaluating the Efficiency of Higher Education," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(2), pages 82-91, May.
    6. Mihir Dash, 2018. "Modelling the Efficient Frontier: An Empirical Study in the Indian Stock Market," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 7(2), pages 83-94, May.
    7. Horobets, T. A., 2019. "Value-Added Approach to the SMEs' Performance Measurement," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(4), pages 182-188, December.
    8. Anatoliy G. Goncharuk & Ricardo Sellers-Rubio, 2018. "West vs East: How Different Is Performance in European Winemaking," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 7(4), pages 185-200, November.
    9. Sourour Ramzi & Mohamed Ayadi, 2016. "Assessment of Universities Efficiency Using Data Envelopment Analysis: Weights Restrictions and Super-Efficiency Measure," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(1), pages 40-58, February.
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    Cited by:

    1. Igor Burakovsky & Andrii Voloshyn, 2021. "Theoretical Approaches of SME Internationalization," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 10(1), pages 1-9, April.

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    More about this item

    Keywords

    SMEs; performance measurement; value-added; Ukraine;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

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