The Impact of External Financing on the Flexibility and Performance Outcomes of Micro and Small Enterprises

• Autorzy: Tomasz Miszczak , Edward Stawasz
• Języki publikacji: EN

Abstrakty

EN

The aim of the presented paper is to assess the impact of external financing on the flexibility and performance outcomes of micro and small enterprises. The concept, related factors, areas and effects of enterprise flexibility as well as the determinants of using external funding by enterprises are discussed. The impact of external financing on flexibility, including commercial and public sources of funding, is also presented. The second part of the paper presents the results of empirical research carried out on 91 micro and small Polish enterprises that were using external financing. The conducted research confirms the hypothesis concerning a diversified impact of external financing on the flexibility of enterprises. The hypothesis about the impact of flexibility on achieving development goals of enterprises has also been confirmed. Success in this area requires improved flexibility. (original abstract)

Słowa kluczowe

PL

Mikroprzedsiębiorstwo; Małe i średnie przedsiębiorstwa; Finansowanie zewnętrzne

EN

Micro-enterprise; Small business; External financing

• Czasopismo: Business and Non-profit Organizations Facing Increased Competition and Growing Customers' Demands
• Rocznik: 2018
• Tom: 17
• Strony: 277-291

Twórcy

autor

Tomasz Miszczak

• University of Lodz, Poland, PhD student

autor

Edward Stawasz

• University of Lodz, Poland

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