The Impact of The Structural Funds on Competitiveness of Small and Medium-Sized Enterprises
Journal Title: Journal of Competitiveness - Year 2016, Vol 8, Issue 4
Abstract
The article deals with the analysis of the use of EU Structural Funds as the main tool of cohesion policy. The cohesion policy aims to reduce economic and social disparities in regional development. A part of that policy is financing of small and medium-sized enterprises from the Structural Funds for the purposes of their impact on the economic development of underdeveloped regions and to increase the competitiveness of small and medium-sized enterprises. The main focus is on determining the effect of EU Structural Funds on competitiveness of SMEs in Slovakia in the programming period 2007-2013. Based on the empirical research, we have analysed the data and we found out how the management of small and medium-sized enterprises assesses the use of EU Structural Funds and their impact on the competitiveness of enterprises managed by them. The results of our analysis and research indicate signs of an inefficient use of financial support from the Structural Funds, which is often directed to solve diverse acute economic problems. However, these funds do not increase their competitiveness.
Authors and Affiliations
Sergej Vojtovic
Keywords
Related Articles
- EP ID EP260848
- DOI 10.7441/joc.2016.04.02
- Views 113
- Downloads 0
The Effect of Electric Power Fluctuations on the Profitability and Competitiveness of SMEs: A Study of SMEs within the Accra Business District of Ghana
The economy of Ghana has attained a middle-income status and is seeking to advance; hence, an analysis of the economy based on the supply chain management of energy is significant to provide the quantitative results and...
The Impact of EU Funds on the Development of a Business Model for Small and Medium-Sized Enterprises
The purpose of this paper is to assess the impact of grants received by companies on the formation of a business model. The study covered micro, small and medium-sized enterprises based in rural areas, which received sup...
The Relationship Between Company Returns and Leverage Depending on the Business Sector: Empirical Evidence from the Czech Republic
The paper aims to provide up-to-date empirical evidence of relationship between the key indicators of business competitiveness: leverage and corporate performance. The study is based on corporate financial data of select...
Corporate Governance Against Recommendations: The Cases of the Strong Executive and the Strong Ownership
There are several basic configurations of corporate governance according to the separation of ownership and control (Jensen’s theory). Effective governance is described as a situation when an owner (or group of owners) k...
Consumer Decision-Making Styles and Local Brand Biasness: Exploration in the Czech Republic