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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2023-02-23  |  Accepted: 2023-05-06  |  Published: 2023-06-30

Title

Business companies' financing peculiarities in conditions of Slovakia


Abstract

Growth becomes one of the factors influencing a business's ability to obtain financial sources. Anyway, many SMEs still need help finding out finances for their business. The contribution deals with business financing in Slovakia, intending to find out what financing possibilities are not used and to offer a solution for the problematic financing. The paper aims to answer three research questions in business financing from the view of classical and modern financing, from the perspective of territorial structure and from the standpoint of the business's legal form. To find out the actual situation in business financing in Slovakia (selected as a representative of one of V4 countries having similar development), we used questionnaire research from talking companies from different sectors and legal forms of business. Consequent data was obtained from the official database of financial reports in Slovakia. The questionnaire results are used for cluster analysis with the Ward method. The research, orientated to financial source use, proved that internal sources present the most significant rate of business activities financing. The results suggested how to increase the effectiveness of business financing by considering modern financing forms.


Keywords

business financing, credit, leasing, risk capital, Slovakia


JEL classifications

D25 , G32 , L26


URI

http://jssidoi.org/jesi/article/1079


DOI


Pages

48-70


Funding

This research was supported by project 1/0430/22, financed by Scientific Grant Agency of the Ministry of Education of the Slovak Republic.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Seňová, Andrea
Technical University of Košice, Košice, Slovakia http://www.tuke.sk
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Čulková, Katarína
Technical University of Košice, Košice, Slovakia http://www.tuke.sk
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Taušová, Marcela
Technical University of Košice, Košice, Slovakia http://www.tuke.sk
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Teplická, Katarína
Technical University of Košice, Košice, Slovakia http://www.tuke.sk
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

10


Number

4


Issue date

June 2023


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 824  |  PDF downloads: 349

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