Measuring efficiency by using selected determinants in regional SMEs

Abstract

In comparison to other EU countries, Slovakia is characterized by increased business activity and the highest representation of micro-enterprises in the business sector. In the years 2017/2018 -, up to 75% of companies in the SME segment conducted business activity in the field of industry, accommodation, trade, transport and construction. The collected data clearly indicates a growing trend in providing accommodation services, business and information services, business and brokerage services. The main objective of the study is to assess the sectorial structure of SMEs and managerial determinants of their efficiency. The research sample of the enterprises has shown that even these methods can better warn against bankruptcy by predicting whether business will or will not be sustainable. In comparison to EU-28, Slovakia has a significantly higher representation of industry and civil engineering in the sectoral structure of SMEs, while the service sector is under-represented. We conducted a research focusing on our defined area of business in the SME segment. The evaluation of efficiency is most often performed by ratios, which are based on current financial statements of companies. The disadvantage of these measurements is the focus on a certain quantified range of parameters that do not significantly affect the overall efficiency of the unit. Based on the DEA methodology, a selected segment of services in individual regions of Slovakia was analysed in details. The SME sector in individual regions of Slovakia is showing differences. This work presents the results of the clearly defined efficiency of business entities. The main part of this work is about the exact determination of factors that need to be changed in order the specified entity shows signs of efficient management

Effect of Regional Economic Development on Small and Medium-Sized Enterprises: Modern Concept of the Dependency

“…Исследуя эффективность работы МСП в регионах Словакии, они сопоставляли отличия в использовании ресурсов. В результате показано, что в отдельных частях страны МСП накопили избыточные материальные запасы, хотя более предпочтительны были бы более частые поставки [20]. Это позволяет ставить вопрос о том, что МСП могут менее продуктивно использовать факторы производства по сравнению с крупными компаниями, особенно учитывая возможный дефицит компетенций в сфере менеджмента.…”

What Kept the Boat Afloat? Sustainability of Employment in Knowledge-Intensive Sectors Due to Government Measures during COVID-19 Pandemic

“…As is the case of most countries, the backbone of the Slovak economy consists of SMEs, which in 2019 accounted for up to 99.9% of the total number of enterprises in the Slovak economy [21], and a significant increase in small firms could be observed, especially in the services sector [22]. Globally, SMEs account for about 90% of all businesses and create about 50% of employment [23].…”

Changes in the Structure of International Trade And Services in the Context of Tax Fraud and Tax Evasion

“…Given that the management of the elimination of severe tax evasions and fraud is linked to the European territory and concerning the importance of this issue in the European and global context, it is necessary to look for the causes and existence of tax evasions and then look for ways to eliminate them using appropriate management measures [6,18]. The importance within the society of the theoretical and subsequent practical outputs in this area has been growing and affects the economics, law, economy, and international rating of countries.…”