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THE ROLE OF FINANCIAL SUCCESS OF SMEs IN ACHIEVING ECONOMIC SUSTAINABILITY

In: Marketing And Management Sciences

Author

Listed:
  • NATALJA LACE

    (Faculty of Engineering Economics, Riga Technical University, Kalku str. 1-428, Riga, LV-1658, Latvia)

  • ZOJA SUNDUKOVA

    (Faculty of Engineering Economics, Riga Technical University, Kalku str. 1-428, Riga, LV-1658, Latvia)

Abstract

The article deals with the problems of identifying financial stability of enterprises by different branches of national economy of Latvia and inside each specific branch depending on the size of the enterprise. The analysis was made on the basis of calculation of financial indicators in the period from 2002 to 2006. The authors recommend the methodology of identifying sufficient level of own capital for financial balance of an enterprise and on the basis of this also the sufficient level of financial autonomy coefficient.

Suggested Citation

  • Natalja Lace & Zoja Sundukova, 2010. "THE ROLE OF FINANCIAL SUCCESS OF SMEs IN ACHIEVING ECONOMIC SUSTAINABILITY," World Scientific Book Chapters, in: Damianos P Sakas & Nikolaos Konstantopoulos (ed.), Marketing And Management Sciences, chapter 87, pages 492-495, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781848165106_0087
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    More about this item

    Keywords

    Management; Organizational Behavior; Marketing; Negotiation; Dynamic Models; International Business; Strategic Business; Human Resource;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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