Back to Search
Start Over
Improving the Performance of Small and Medium Wood- Processing Enterprises.
- Source :
- BioResources; 2016, Vol. 11 Issue 1, p439-450, 12p, 1 Diagram, 7 Charts, 6 Graphs
- Publication Year :
- 2016
-
Abstract
- This paper investigates the financial aspects of small and medium enterprises (SMEs) in the Slovak wood-processing industry. The aim of the survey was to determine the level of understanding and implementation of financial controlling, and to identify its potential for future implementation. The survey revealed a low level of understanding and implementation of this tool in Slovak wood-processing SMEs, because the use of all analyzed instruments of financial controlling was in small enterprises in a range of 15% and in medium-sized enterprises up to 40%. However, medium-sized enterprises were substantially more equipped than small enterprises at applying and recognizing the benefits of financial controlling. Based on the results of this research, the framework for a standardized model of financial controlling for Slovak wood-processing SMEs was proposed, as a practical way of improving company performance models. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 19302126
- Volume :
- 11
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- BioResources
- Publication Type :
- Academic Journal
- Accession number :
- 117103824
- Full Text :
- https://doi.org/10.15376/biores.11.1.439-450