Browsing by Author "Vinczeová, Miroslava"
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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.
- 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.
- ItemThe present status of sustainability concept implementation by businesses in selected industries in the Slovak Republic(Technical university of Liberec, Czech Republic, 2017-10-02) Marková, Viera; Lesníková, Petra; Kaščáková, Alena; Vinczeová, Miroslava; Ekonomická fakultaOn a macro level, a concept of sustainable development was first known in context of the larger societal development and the assurance of future generational needs. Nowadays many of individuals, companies, and other organizations are becoming aware of a need of another specific approach to living, manufacturing and doing business. The term of sustainable development has also increasingly been used on a micro level. For a business, these practices imply an effort to incorporate the social and environmental issues into the business model while simultaneously achieving long-term business growth and efficiency. The aim of the paper is, based on the analysis of sustainability concept implementation by businesses in selected industries, to identify the underlying motives and barriers to concept implementation in practice. The motives leading to sustainability concept implementation were found by means of comparison with foreign research. Another objective was to underline the most frequently used tools supporting business sustainability in particular areas and as a whole. By means of a hierarchical cluster analysis we provide a more comprehensive view of businesses´ approach to a sustainability concept. Through the objectives of this paper we have formulated six hypotheses. To verify the hypotheses we used the statistical method of analysis. By use of a questionnaire survey, we analyzed 455 businesses belonging to selected industries. The results indicated several options to improve the current state of sustainability implementation which would be beneficial for both businesses as well as the wider environment. The solution for the indicated problems, however, requires not only participation of the business sector but also the interaction of the state.
- ItemWhat Prevents Businesses from Carrying out Eco-Innovation Activities? Empirical Research on Barriers in Slovak SMEs(Technická Univerzita v Liberci, ) Klement, Ladislav; Vinczeová, Miroslava; Klementová, Vladimíra; Ekonomická fakultaEco-innovations seem to be an effective tool of the transformation process towards sustainability where enterprises must play an active role. As small and medium-sized enterprise (SMEs) are one of the key accelerators of this transition, particular attention should be paid to the main factors that influence eco-innovation activities in this business segment. The paper focuses on the identification and assessment of barriers that limit the more intensive development of eco-innovation activities in Slovak SMEs. It analyses empirical data on barriers to eco-innovations and explores possible relationships between perceived barriers to eco-innovation, size of enterprise, the share of foreign capital in the enterprise's financing and involvement in eco-innovation activities. The research sample contains 487 randomly selected Slovak SMEs. The article presents the results of the examination of the barriers importance in eco-innovation activities in Slovak SMEs assessed by Likert scale values, descriptive statistics, and selected statistical methods including the Shapiro-Wilk test, Spearman correlation, Friedman test and Wilcoxon signed rank tests. The conclusions provide some deeper insights into the perception of barriers to eco-innovation in Slovak SMEs according to their size, share of foreign capital in financing and implementation or non-implementation of eco-innovation, with some results showing similarities with other studies conducted abroad, while others are specific only to Slovak SMEs.