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The aim of the paper is to determine the investment activity of small firms in Croatia during the crisis year 2012 and … further analyse the effect of selected factors on capital investment decisions. For this purpose, an on-line survey of small … revenue in 2011, because it was assumed they would have greater investment potential in 2012. Research results show that …
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financial crisis on financing and investment behaviours of SMEs, which remains scarce in the existing studies. The results find … that there is a reduction in SMEs' investment caused by the crisis period. In addition, following the onset of the economic … crisis, the internally generated finance is more influential on SMEs' investment than the supply of bank finance, supporting …
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