Verification of the Financial Security of Small and Medium-Sized Enterprises in Poland

Abstract

The objective of this study is to verify, using the Cobb-Douglas model, the regression dependence of the number of mini, small and medium-sized enterprises on funds from the European operational fund and the European fund for supporting access to markets and capital in Poland in the years 2014-2020. It has been determined on the basis of empirical data and the aforementioned model that an increase in the number of enterprises in total by 10% will result in a gain in the operational fund and the fund supporting access to markets and capital amounting to 10.17%. The analysed enterprises will have more than proportional financial security ensured in the years 2014-2020. Research shows that the average pace of growth in the number of enterprises may increase at a growth rate of 6 times faster. The average growth rate of the average and marginal financial security by supporting the market and capital is the same close to 5%. This indicates that the flexibility of this fund may come close to 1. The growth rate of the average and marginal financial security is more than twice as fast as the increase in the operational fund. The latter is important, albeit high per unit, as it expresses an assessment of companies' production and product processes.