Abstract
In comparison to other EU countries, Slovakia is characterized by increased business activity and the highest representation of micro-enterprises in the business sector. In the years 2017/2018 -, up to 75% of companies in the SME segment conducted business activity in the field of industry, accommodation, trade, transport and construction. The collected data clearly indicates a growing trend in providing accommodation services, business and information services, business and brokerage services. The main objective of the study is to assess the sectorial structure of SMEs and managerial determinants of their efficiency. The research sample of the enterprises has shown that even these methods can better warn against bankruptcy by predicting whether business will or will not be sustainable. In comparison to EU-28, Slovakia has a significantly higher representation of industry and civil engineering in the sectoral structure of SMEs, while the service sector is under-represented. We conducted a research focusing on our defined area of business in the SME segment. The evaluation of efficiency is most often performed by ratios, which are based on current financial statements of companies. The disadvantage of these measurements is the focus on a certain quantified range of parameters that do not significantly affect the overall efficiency of the unit. Based on the DEA methodology, a selected segment of services in individual regions of Slovakia was analysed in details. The SME sector in individual regions of Slovakia is showing differences. This work presents the results of the clearly defined efficiency of business entities. The main part of this work is about the exact determination of factors that need to be changed in order the specified entity shows signs of efficient management.
Highlights
One of the most important discussions of scientific literature is related to the factors that determine the efficiency SMEs, analyzing different specific factors and selected determinants SMEs
In the current era of globalization it is very important to look at the discussed issue in terms of economic growth
In order to fulfil the main aim of the study, analysis with fixed effects models was applied on a sample of 34 accommodation units, covering the period from 2014 to 2019
Summary
One of the most important discussions of scientific literature is related to the factors that determine the efficiency SMEs, analyzing different specific factors and selected determinants SMEs. SMEs form the basis of a market economy, employment, added value or international trade, and are a prerequisite for stable growth of the global economy (Zauskova, Reznickova, 2020; Cooper, 2017; Peracek, et al, 2017; Chrenekova et al, 2016; Csikosova, Culkova, 2012). They are a strategic source of jobs that create entrepreneurship, especially at regional level and contribute to innovation in the EU, the most important entities promoting competitiveness, employment and business efficiency (Harabi, 2005; Kordos, 2018; Poór et al, 2020; Dvorský et al, 2020)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
