wow-inequalities/02-data/intermediate/wos_sample/e0c46d358c049518030c50613c72603d-pachingerova-m/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'The small and medium enterprise (SME) development is one of the assumes
of favourable economic development in SR. It belongs, along with
reclassification of the Slovak economy, to its main priorities. Despite
favourable trends, the SME share of the most important indexes has been
lower than in the EU countries. Due to barrier elimination on macro- and
micro level, as well as, a significant state support and an effective
support of the European Union and in context with other countries in the
Middle and Eastern Europe, we can expect convergence towards the target
values of SME in EU, considering this as a whole, as well as, within
particular sector-branch segments of SME.
Small and medium entrepreneurs achieve 51\% of the GDP formation, over
62 employment share and 45\% export share, however, SME in Slovakia have
got many reserves despite the relatively good shares.
The SME are worth in difficult conditions of a new economy too,
supposing they are markedly active and the state creates adequate
business environment for them. They cannot stagnate in the new economy.
They can follow one of two strategies: offensive or defensive, where
both of them have got their strengths.
The SME support in the Slovak conditions is very actual. Revaluation of
the present forms of the SME support leads to the need of redirection
from the tools bringing only a short-term effect towards the use of
long-term character tools with a striking motivational effect. We should
consider SME in Slovakia from its perspective effect point of view
within the united European market too.
Identification of SME in Slovakia, as well as, in other countries, can
be done by comparison with analogue SME partners in other countries
which are interesting for us from a particular point of view. These are
the countries of Middle and Eastern Europe and some developed countries
(EU). But the simple fact faces big barriers related to the ``soft{''''}
market environment which is the result of present reform economic
processes and their interpretation, as well as, with different objective
index contents. The most of the legislative barriers within SME are
represented by increased financial duties of the entrepreneurs which
often have got a de-motivational character. It is necessary to support
the creditor legal status, to apply the right of lien, to recover the
capital market, to gain foreign investments, to support SME, to make the
interest rates real and to reduce the tax duties of the entrepreneurs.
The business environment problems mentioned above refer to tourism too,
despite it has got its strengths, as follows: dynamics, low investment
and import intensity (three times lower in tourism than in industry), a
high share of direct labor there functions as the tool of unemployment
reduction and the region development, minimized dead assets, exchange
effect for the country etc. We can expect the principal changes after
realization of the measures, as follows: working-out the Tourism
Development Program for the sake of the region development, Tourism Fund
formation, working-out and approval of the tourism legislative support,
significant financial advertising support etc.
The business success or failure reflects the financial situation of an
enterprise in tourism. Thus the managers, as well as, the external
subjects can discover many strengths or weaknesses of the enterprise,
their causes and reasons by the analysis of the business financial
situation,. of the company and, upon this, to make decisions or accept
proper arrangements.
We cannot be satisfied with the development results and trends of
particular financial indexes in the analyzed tourism enterprises-travel
agencies, hotels and restaurants in Slovakia. The failure of the
financial health is seen in a low profitability, often negative,
relatively low liquidity, high indebtedness and long liability maturity
periods. The short-term resources of the net operating capital are
missing and the long-term financial resources formation is complicated
too. Prevention can be found by respecting the need of the financial
planning, within the flow management of the company and by change of the
approach of the financial managers towards the formation of the
financial resources of the company capital.'
affiliation: 'Pachingerova, M (Corresponding Author), Ekon Univ Bratislave, Obchodna
Fak, Katedra Sluzieb Cestovneho Ruchu, Dolnozemska Cesta 1, Bratislava 85235 5,
Slovakia.
Ekon Univ Bratislave, Obchodna Fak, Katedra Sluzieb Cestovneho Ruchu, Bratislava
85235 5, Slovakia.'
author: Pachingerova, M
author_list:
- family: Pachingerova
given: M
da: '2023-09-28'
files: []
issn: 0013-3035
journal: EKONOMICKY CASOPIS
language: Slovak
number: '6'
number-of-cited-references: '18'
pages: 1173-1196
papis_id: 32e9c45fb12602d7de86f99da21d352a
ref: Pachingerova2001smallmedium
times-cited: '2'
title: Small and medium enterprises in Slovakia focusing on tourism
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000174983500012
usage-count-last-180-days: '0'
usage-count-since-2013: '21'
volume: '49'
web-of-science-categories: Economics
year: '2001'