The implementation of Industry 4.0 concept brings many risks mainly for small and medium-sized enterprises (SMEs). The objective of the study is a diagnosis and comparison of the perception of selected risk issues connected with Industry 4.0 implementation in Slovak and Polish SMEs, which have...

The principal aim of this paper is to test how firm characteristics affect Small and Medium Enterprise (SME) capital structure. We carry out an empirical analysis over a panel data of 6482 non?financial Spanish SMEs along the five-year period 1994?1998, modelling the leverage ratio as a function...

The privatisation of State Owned Enterprises (SEO) and cooperatives in Slovakia in the post-communist period created an SME sector diverse in origin and ownership. In the period 1993 to 2011 the size of the SME sector doubled. In this study we develop hypotheses from extant theories and analysis...

This paper examines the links between firm age, firm size and the ability to obtain capital in a sample of European SMEs. The results indicate that age and size are positively linked to debt capacity. Furthermore, our analysis reveals that it is crucial to distinguish between bank debt financing...

Covid-19 pandemic poses an existential threat to European SMEs' financial resilience with significant consequences for the European economy. Using a unique firm‐level survey data on SME financing conditions and a new measurement approach, this paper focuses on the insolvency risk of European...

The quantitative analyses related to firms’ default prediction extensively analyzed which balance sheet ratios include significant information on the probability of default of a firm. These analyses are typically aimed at measuring a generic default risk, while no analyses are aimed at...

The article is about financial risk in micro, small and medium companies. The author presents empirical research connected with the degree of financial leverage and positive and negative effects of financial leverage in micro, small and medium companies and proofs that financial risk in micro...

Purpose – The purpose of this paper is to discuss important aspects concerned with credit risk measurement of SMEs.Methodology - Paper presents theoretical study, based on literature review and summary of findings of similar research papers, which have focused on credit risk assessment of...

In a typical "phoenix syndrome" scenario, a small business entrepreneur who controls the financially distressed Company A registers Company B, to which the assets of Company A are transferred in what appears to be fraudulent conveyance. Company B serves as a vehicle through which the business is...