Business companies' financing peculiarities in conditions of Slovakia

Growth becomes one of the factors influencing a business's ability to obtain financial sources. Anyway, many SMEs still need help finding out finances for their business. The contribution deals with business financing in Slovakia, intending to find out what financing possibilities are not used...

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Main Authors: Andrea Seňová, Katarína Čulková, Marcela Taušová, Katarína Teplická
Format: Article
Language:English
Published: Entrepreneurship and Sustainability Center 2023-06-01
Series:Entrepreneurship and Sustainability Issues
Online Access:https://jssidoi.org/jesi/article/1079
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author Andrea Seňová
Katarína Čulková
Marcela Taušová
Katarína Teplická
author_facet Andrea Seňová
Katarína Čulková
Marcela Taušová
Katarína Teplická
author_sort Andrea Seňová
collection DOAJ
description Growth becomes one of the factors influencing a business's ability to obtain financial sources. Anyway, many SMEs still need help finding out finances for their business. The contribution deals with business financing in Slovakia, intending to find out what financing possibilities are not used and to offer a solution for the problematic financing. The paper aims to answer three research questions in business financing from the view of classical and modern financing, from the perspective of territorial structure and from the standpoint of the business's legal form. To find out the actual situation in business financing in Slovakia (selected as a representative of one of V4 countries having similar development), we used questionnaire research from talking companies from different sectors and legal forms of business. Consequent data was obtained from the official database of financial reports in Slovakia. The questionnaire results are used for cluster analysis with the Ward method. The research, orientated to financial source use, proved that internal sources present the most significant rate of business activities financing. The results suggested how to increase the effectiveness of business financing by considering modern financing forms.
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spelling doaj.art-00ef46f509164f17b1e46aee0f3b16462024-01-05T10:27:21ZengEntrepreneurship and Sustainability CenterEntrepreneurship and Sustainability Issues2345-02822023-06-01104487010.9770/jesi.2023.10.4(4)Business companies' financing peculiarities in conditions of SlovakiaAndrea SeňováKatarína Čulkováhttps://orcid.org/0000-0002-5544-2872Marcela Taušováhttps://orcid.org/0000-0001-5884-4036Katarína Teplickáhttps://orcid.org/0000-0002-4827-6781Growth becomes one of the factors influencing a business's ability to obtain financial sources. Anyway, many SMEs still need help finding out finances for their business. The contribution deals with business financing in Slovakia, intending to find out what financing possibilities are not used and to offer a solution for the problematic financing. The paper aims to answer three research questions in business financing from the view of classical and modern financing, from the perspective of territorial structure and from the standpoint of the business's legal form. To find out the actual situation in business financing in Slovakia (selected as a representative of one of V4 countries having similar development), we used questionnaire research from talking companies from different sectors and legal forms of business. Consequent data was obtained from the official database of financial reports in Slovakia. The questionnaire results are used for cluster analysis with the Ward method. The research, orientated to financial source use, proved that internal sources present the most significant rate of business activities financing. The results suggested how to increase the effectiveness of business financing by considering modern financing forms.https://jssidoi.org/jesi/article/1079
spellingShingle Andrea Seňová
Katarína Čulková
Marcela Taušová
Katarína Teplická
Business companies' financing peculiarities in conditions of Slovakia
Entrepreneurship and Sustainability Issues
title Business companies' financing peculiarities in conditions of Slovakia
title_full Business companies' financing peculiarities in conditions of Slovakia
title_fullStr Business companies' financing peculiarities in conditions of Slovakia
title_full_unstemmed Business companies' financing peculiarities in conditions of Slovakia
title_short Business companies' financing peculiarities in conditions of Slovakia
title_sort business companies financing peculiarities in conditions of slovakia
url https://jssidoi.org/jesi/article/1079
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