Improving the performance of small and medium wood-processing enterprises

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41320%2F16%3A68699" target="_blank" >RIV/60460709:41320/16:68699 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.15376/biores.11.1.439-450" target="_blank" >http://dx.doi.org/10.15376/biores.11.1.439-450</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15376/biores.11.1.439-450" target="_blank" >10.15376/biores.11.1.439-450</a>

Result language
angličtina
Original language name
Improving the performance of small and medium wood-processing enterprises
Original language description
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.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
JJ - Other materials
OECD FORD branch
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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