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...
Main Authors: | , , , |
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Format: | Article |
Language: | English |
Published: |
Entrepreneurship and Sustainability Center
2023-06-01
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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. |
first_indexed | 2024-03-08T16:39:46Z |
format | Article |
id | doaj.art-00ef46f509164f17b1e46aee0f3b1646 |
institution | Directory Open Access Journal |
issn | 2345-0282 |
language | English |
last_indexed | 2024-03-08T16:39:46Z |
publishDate | 2023-06-01 |
publisher | Entrepreneurship and Sustainability Center |
record_format | Article |
series | Entrepreneurship and Sustainability Issues |
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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