Jana Sochuľáková
Katarína Kráľová
Dagmar Petrušová
Alexander Dubček University in Trenčín, Faculty of Social and Economic Relations, Študentská 3, 91150 Trenčín, Slovakia
DOI: https://doi.org/10.31410/EMAN.2019.465
3rd International Scientific Conference – EMAN 2019 – Economics and Management: How to Cope With Disrupted Times, Ljubljana – Slovenia, March 28, 2019, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Management Koper, Slovenia; Doba Business School – Maribor, Slovenia; Integrated Business Faculty – Skopje, Macedonia; Faculty of Management – Zajecar, Serbia, ISBN 978-86-80194-17-2, ISSN 2683-4510
Abstract:
Small and medium-sized enterprises are considered to be the most flexible, efficient and most advanced forms of enterprise within developed economies. They are characterized by high dynamics of development, adaptability to changing market requirements, flexibility and narrow specialization. They quickly adapt and respond sensitively to the change. Small and medium-sized enterprises can be considered to be holders of innovation, employment, social and regional integration. They guarantee higher efficiency and sustainable growth of the country’s economy. For this reason, the countries devote maximum attention to the state of small and medium-sized enterprises and are constantly taking measures for their development. In Slovakia, more than 90% of all businesses are small and medium-sized enterprises. The aim of the paper is to evaluate the development of small and medium enterprises in the Slovak Republic and to assess their financial performance using financial analysis indicators.
Keywords:
small and medium-sized enterprises, environment, financial performance, financial analysis, efficiency
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