National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Determinants of growth of European SMEs
Pastva, Richard ; Babin, Jan (advisor) ; Kadeřábková, Božena (referee)
The subject of this thesis is an analysis of factors influencing the growth rate of small and medium enterprises in Europe. The required data was collected from Amadeus database and processed into a panel dataset. Afterwards, the regression parameters of the selected explanatory variables were obtained by means of fixed effects models. Results showed that enterprise growth rate was most significantly influenced by the rate of R&D costs, specifically its annual change in relation to turnover. Growth is also positively influenced by firm's profitability, annual change in intangible assets value and nation's growth rate of GDP. A negative effect on growth connected with solvency ratio was also found, which is consistent with a proposition of the pecking order theory. Once again, validity of Gibrat's Law was confirmed when size variable turned out to be statistically insignificant and slightly negative in addition. Not surprisingly, privately held companies operating in Western Europe showed a bit higher propensity to faster growth than their counterparts.
Financial analysis of the industrial enterprise
HŘEBEČKOVÁ, Darina
Financial analysis is the important device of assessing the financial situation of enterprise on the basis of the financial statements for several periods. It serves for decision making for both owners and shareholders, and banks and state assemblies. After the performed financial analysis the enterprise should be able to decide about the use of free funds, about its structure of assets and about the way of the funding to the future. The theoretical part deals with the aim and the object of the financial analysis, users of the financial analysis and techniques for evaluation of the financial health of enterprise. The practical part determines financial ratios of the financial analysis, such as profitability of the enterprise or solvency, applied on the industrial enterprise. The aim of the thesis is to evaluate the development of the financial situation in the selected industrial enterprise, identify the potential sources of the inefficiency and propose the measures for their elimination.

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