PL EN


2008 | 3-4(58-59) | 241-255
Article title

CAPITAL STRUCTURE AND COMPETITIVENESS OF POLISH SMES ON THE COMMON MARKET

Title variants
Languages of publication
PL
Abstracts
EN
The paper studies the relationship between the financial system's level of development and the financial management competencies of domestic small and medium enterprises (SMEs) on the one hand, and their competitiveness in the first period after the accession of Poland to the European Union on the other. The objective is to determine the role of Polish financial system and financial competencies of domestic SMEs as factors influencing competitiveness of such firms. Theoretically, such influence should take the form of improving - or impairing - SMEs' developmental capabilities by increasing - or limiting - availability and use of external finance. The empirical evidence points to the maturity of the financial management competencies (rationality of financial structure decisions) of studied SMEs and to the relative ease of obtaining external financing. Both the condition of the financial system and the studied financial competencies appear to play a positive role in improving firms' competitiveness.
Year
Issue
Pages
241-255
Physical description
Document type
ARTICLE
Contributors
  • Leslaw Pietrewicz, Instytut Nauk Ekonomicznych PAN, ul. Nowy Swiat 72, 00-330 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09PLAAAA05764
YADDA identifier
bwmeta1.element.9dd94823-50ef-3832-8aed-2cca33d0b647
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