Spatial differences in investment outlays of micro and small enterprises in Poland

Abstract

Purpose -The aim of this paper is to analyse the spatial differences in the investment outlays of micro and small enterprises in Poland at the level of voivodeships in [2009][2010][2011][2012][2013][2014][2015]. Design/methodology/approach -The research was conducted on the basis of CSO data for the years 2009-2015. The research methods used in the paper include an analysis of the structure and dynamics of the investment outlays of non-financial micro and small entities. With the aim to assess the investment activity of micro and small enterprises, investment outlays per entity, investment outlays per person employed, and the ratio of investment outlays to revenues were calculated. Findings -Analysis of CSO data for the years 2009-2015 reveals differences between voivodeships in the investment activity of micro and small enterprises measured by investment outlays per entity, investment outlays per person employed, and the ratio of investment outlays to revenues. Originality/value -Since a lot of research concerns small and medium-sized enterprises (SMEs) as a group, this article, which focuses on the investment activity of micro and small entities separately, makes a contribution to the literature on the functioning of micro and small enterprises in Poland.