Factors determining profitability of small and medium enterprises in selected industry of mechanical engineering in the Slovak Republic – the empirical study

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dc.contributor.authorLesáková, Ľubica
dc.contributor.authorOndrušová, Andrea
dc.contributor.authorVinczeová, Miroslava
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2019-06-15T15:51:00Z
dc.date.available2019-06-15T15:51:00Z
dc.description.abstractThe 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.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2019-2-010
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/152601
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectprofitability analysisen
dc.subjectfactors determining profitabilityen
dc.subjectmachinery industryen
dc.subjectsmall and medium enterprisesen
dc.subjectSlovak Republicen
dc.subject.classificationG30
dc.subject.classificationL64
dc.subject.classificationM10
dc.titleFactors determining profitability of small and medium enterprises in selected industry of mechanical engineering in the Slovak Republic – the empirical studyen
dc.typeArticleen
local.accessopen
local.citation.epage160
local.citation.spage144
local.facultyFaculty of Economics
local.filenameEM_2_2019_10
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume22
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