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