Small and medium-sized enterprises (SMEs) are now unquestionable contributors to economic development on the one side and employment creation on the other. To promote sustained growth, SMEs must meet specific prerequisites, particularly the leadership structures of this segment. Therefore, this research aims to investigate and identify the determinants that affect SMEs performance. The research employs a qualitative technique, using questionnaires containing 52 questions. The study surveyed 336 SMEs owners or managers from March to April 2022. The Multinomial Logistic Regression (MLR) empirical technique explored the influence of education level, previous experience, training attendance, business plan, consultation services, and employees' insufficient competency in SMEs performance. The research has revealed that the level of education and consultancy services positively impact SMEs performance. In contrast, neglect of training and employees' insufficient competence harm SMEs performance. The study encourages SMEs owners and managers to take advantage of professional training opportunities and to invest in existing personnel through training to acquire acceptable competence, which will be reflected in management performance. From the perspective of the contribution, it provides the most recent evidence in the context of Kosovo's economy, employing the logistic regression analysis.
The nexus between public debt and inflation has been continuously investigated, but after the pandemic, it has returned to the center of researchers' courtesy. Consequently, this research examines the influences of public debt, interest rates, trade openness, GDP growth, and foreign direct investments on inflation. The study employs secondary data from 2008 to 2021 and incorporates a mixed econometric technique such as the Ordinary Least Squares (OLS) and Arrellano-Bover/Blundell-Bond approach. The study's findings argue that public debt, interest rates, and trade openness significantly influence inflation, whereas GDP growth has a significantly negative impact. Because of the limited number of observations in the context of the research, we have not been able to evaluate the impact in the long term. The uniqueness and relevance of this research stem from its use of a combined approach, and in recent months, a continuous increase in inflation has been recorded throughout the world. The current findings and arguments inspire a productive discourse among academics, scholars, and policy-making entities.
Small and medium-sized enterprises (SMEs) play a crucial role in decreasing unemployment and have a direct impact on the economy's growth. Thus, the overall focus of this research is to evaluate the gender composition of entrepreneurs, education, prior experiences, business planning, R&D investments, and the invention of new products and services in the effectiveness of SMEs. This survey has a qualitative design, with 52 total questions categorized into three main components. The sample includes 336 questionnaires completed by business managers/owners throughout March and April 2022. Logit and multinominal regression were used to ascertain the impact of specific parameters on the efficacy of SMEs. The study has discovered that gender composition, education, business plan, prior experience, and investments in research and development positively influence business effectiveness, while the invention of new products and services results are insignificant. The research will benefit these structures by focusing on the components that are managed within their capabilities to improve the business effectiveness. Regards to its scientific contribution, the research offers the most recent empirical evidence in the setting of Kosovo's economy, utilizing specific variables and an appropriate technique via the logistic model. In terms of scientific contributions, this study makes use of certain variables and a suitable methodology via the logistic model to provide the most recent empirical evidence in the context of Kosovo's economy.
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