Browsing by Author "Lesáková, Ľubica"
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- ItemFactors determining profitability of small and medium enterprises in selected industry of mechanical engineering in the Slovak Republic – the empirical study(Technická Univerzita v Liberci, ) Lesáková, Ľubica; Ondrušová, Andrea; Vinczeová, Miroslava; Ekonomická fakultaThe profitability analysis revealing factors influencing profitability becomes a very helpful tool providing guidelines for managers in their short-term as well as strategic decision-making process. To take right decisions, managers need to analyse their financial situation, especially in respect to firm´s profitability and the factors influencing it. Mechanical engineering industry belongs to key industries in Slovakia. It apparently plays an essential role in the global economy, it is a source of entrepreneurship, innovations and new jobs. Many of enterprises operating in this industry are small or medium-sized. These are some of the reasons for which SMEs´ profitability and ways of its improvement should draw particular attention. The paper presents results of research carried out in the selected industry of mechanical engineering of SMEs in Slovakia (SK NACE rev. 2 28xxx – Manufacture of machinery and equipment not elsewhere classified). The aim of the research is to analyse and evaluate the development of profitability in this industry during the period 2008- 2015 and to identify key external and internal factors influencing profitability of SMEs over that period. In order to determine the influence of basic indicators, the DuPont pyramidal analysis was performed. Data obtained by means of the questionnaire survey enabled to identify the factors affecting profitability whose influence is impossible to calculate. The Friedman and Wilcoxon tests were used to evaluate the answers in questionnaires. Results are connected with the evaluation of three hypotheses defined in regard of the established goal of the paper.
- ItemThe knowledge and use of the Balanced Scorecard method in businesses in the Slovak republic(Technical university of Liberec, Czech Republic, 2017-12-20) Lesáková, Ľubica; Dubcová, Katarína; Gundová, Petra; Ekonomická fakultaThe Balanced Scorecard method (BSC) has emerged since the late 1990s (as proposed by Kaplan and Norton) as one of the most successful concepts in the field of strategic performance management. It has evolved from its early use as a simple performance measurement framework to a full strategic planning and management system. Balanced Scorecard is used by many successful businesses all around the world. Main aim of the paper is to present the results of primary research focused on detecting the current state of the knowledge and use of the Balanced Scorecard method in businesses in the Slovak Republic. In the first part of the paper is presented the essence of the BSC method, formulated are the main benefits connected with the Balanced Scorecard implementation into the strategic management of the businesses. These benefits are defined according to the content analysis of domestic and foreign literature. Following the goal of the article next part presents the results of the empirical research based on the questionnaire survey. Results are connected with the evaluation of the six hypothesis defined in regard of the established goal of the paper. Formulated will be presumptions to improve the state of utilizing the BSC method by Slovak businesses. For the fulfilment of settled objectives we have used several scientific methods of examination, namely the method of analysis, synthesis, induction, deduction, abstraction, generalisation as well as statistical methods.
- ItemMEASURES SUPPORTING ENTREPRENEURSHIP IN SLOVAK SMES IN THE MOST VULNERABLE INDUSTRIES IN TIMES OF THE COVID-19 PANDEMIC(Technická Univerzita v Liberci, ) Lesáková, Ľubica; Vinczeová, Miroslava; Kaščáková, Alena; Ekonomická fakultaThe anti-pandemic measures taken to prevent the spread of the coronavirus has slowed down the economic activities of many businesses. Particularly vulnerable are SMEs in industries hardest hit by the crisis. These are SMEs which, due to the nature of their activities, have seen their operations severely restricted or even had to shut down during the pandemic. Key to ensure their survival are government support measures. The aim of the paper is to find out whether there is a dependence between the industry in which SMEs operate and measures to support entrepreneurship in most vulnerable industries during the second wave of the COVID-19 pandemic in Slovakia and to assess whether the measures adopted by the government correspond to those proposed by SMEs in these industries. For the analysis, data from a survey conducted by the Slovak Business Agency in November 2020 on a sample of 1,109 Slovak SMEs were used. We identified the dependence of the above two characteristics, i.e., the industry and the support measures (distinguishing between measures implemented and measures proposed by SMEs) using the statistical analysis. To verify the correlation between the implemented measure and industry, the chi-squared test of independence was used. To determine whether the support measures adopted by the Slovak Government correspond to those proposed by SMEs, we used the correlation analysis, comparison and synthesis. The results confirmed no major differences between the type of industry and measures proposed by SMEs. Some minimal differences were identified in the most vulnerable industries (accommodation and catering). SMEs negatively assess that their views were not sufficiently taken into account when the measures were adopted by the Slovak Government and that they contain a number of exceptions and conditions under which the aid is provided. Irrespective of the type of industry, SMEs particularly call for the reduction or partial remission of levies, increase in the fixed cost allowance and in flat-rate aid calculated on the basis of the decrease in sales.