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Small and Medium-Sized Enterprizes – Opportunities and Challenges

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  • David Mares
  • Gabriela Dlaskova

Abstract

Small and medium-sized enterprises play a major role in national economy. However, their lifetime is limited by the micro-economic climate. This paper discusses whether credit exposure has a major impact on the rate of bankruptcy and this hypothesis is verified by means of statistical methods, based on official statistical data and selected published studies and researches. The hypothesis was not fully confirmed in our investigation. The output of the paper was an evaluation of the dependency of bankruptcy of SMEs on their credit exposure and the presentation of other factors that might have an impact of SMEs, making them either successful or going to bankruptcy.

Suggested Citation

  • David Mares & Gabriela Dlaskova, 2016. "Small and Medium-Sized Enterprizes – Opportunities and Challenges," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 78-87.
    • Handle: RePEc:ers:journl:v:xix:y:2016:i:4:p:78-87
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    File URL: http://www.ersj.eu/repec/ers/papers/16_4_p7.pdf
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    References listed on IDEAS

    as
    1. Karel HavlÃ­Ä ek & Eleftherios Thalassinos & Liliana Berezkinova, 2013. "Innovation Management and Controlling in SMEs," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 57-70.
    2. Fidrmuc, Jarko & Hainz, Christa, 2010. "Default rates in the loan market for SMEs: Evidence from Slovakia," Economic Systems, Elsevier, vol. 34(2), pages 133-147, June.
    3. repec:ers:journl:v:xvi:y:2013:i:sisme:p:57-70 is not listed on IDEAS
    4. Eleftherios Thalassinos & Konstantinos Liapis & John Thalassinos, 2014. "The Role of the Rating Companies in the Recent Financial Crisis in the Balkan and Black Sea Area," Contributions to Economics, in: Anastasios Karasavvoglou & Persefoni Polychronidou (ed.), Economic Crisis in Europe and the Balkans, edition 127, pages 79-115, Springer.
    5. Liviu Deceanu & Mirela Pintea & El Thalassinos & Vicky Zampeta, 2010. "New Dimensions of Country Risk in the Context of the Current Crisis: A Case Study for Romania and Greece," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 225-236.
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    Citations

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    Cited by:

    1. Vishal Kumar Singh & Amit Gautam, 2022. "Structural Investigation of Export Assistance and Performance of Handloom Exporters," Metamorphosis: A Journal of Management Research, , vol. 21(1), pages 7-18, June.
    2. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:69-91 is not listed on IDEAS
    3. Svetlana Saksonova & Irina Kuzmina-Merlino, 2017. "Fintech as Financial Innovation - The Possibilities and Problems of Implementation," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 961-973.
    4. S. Purwanto & M. Setiawan & F. Rohman & N.K. Indrawati, 2018. "Financial Assistance, Marketing Assistance and Export Commitment to Improve Export Performance," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 69-91.

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    More about this item

    Keywords

    SME; credit; bankruptcy;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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