Current Science

Open Access Open Access  Restricted Access Subscription Access

Statistical Analysis of Performance in SMEs


Affiliations
1 Decembrie 1918’ University of Alba Iulia, 5 Gabriel Bethlen Street, Alba Iulia, Romania
2 Juridical and Administrative Sciences, Petra Maior University, 69 Livezeni Street, Targu-Mures, Romania
3 University of Oradea, 1 Universitatii Street, Oradea, Romania
4 Babes-Bolyai University, 58-60 Teodor Mihali Street, Cluj-Napoca, Romania
5 Babes-Bolyai University, Cluj-Napoca, Romania
 

Market economy is mainly characterized by private property. For entrepreneurs, private property allows action according to market realities, opportunities and strategies aimed to succeed. There is no doubt that all small and medium enterprise (SME) achievements are closely linked to profitability, as SMEs constitute a development engine that fuel country GDP. We examine the profitability implications of providing finance to 1233 Romanian SMEs during 2004-2008 based on financial structure ratios. In addition, we analyse the correlation between various return rates. We establish a correlation between performance and equilibrium of Romanian SMEs in five economic sectors: pharmaceutical, furniture manufacturers, leather garment, software and textiles.

Keywords

Assets, Equity, Sales, Investment.
User
Notifications
Font Size

  • Diebold, F. X. and Strasser, G., On the correlation structure of microstructure noise: a financial economic approach. Rev. Econ. Stud., 2013, 80, 1304-1337.

  • Dissanayake, D. M., The determinants of return on assets: evidences from microfinance institutions. J. Art. Sci. Commer., 2012, 2, 26-35.

  • Sima, B., An analysis of profitability trend in Indian cement industry. Econ. Aff., 2015, 60, 171-179.

  • Darush, Y., Profitability determinants among micro firms: evidence from Swedish data. Int. J. Manage. Financ., 2013, 9, 151-160.

  • Yao, J. and Alles, L., Industry return predictability, timing and profitability. J. Multinational Financ. Manag., 2006, 6, 122-141.

  • Beukes, P. C., Gregorini, P., Romera, A. J. and Dalley, D. E., The profitability and risk of dairy cow wintering strategies in the Southland region of New Zealand. Agric. Syst., 2011, 104, 541-550.

  • Yazdanfar, D. and Ohman, P., Life cycle and performance among SMEs: Swedish empirical evidence. J. Risk Financ., 2014, 15, 555-571.

  • Afrifa, G. A., Net working capital, cash flow and performance of UK SMEs. Rev. Account. Financ., 2016, 15, 21-44.

  • Bulak, M. E. and Turkyilmaz, A., Performance assessment of manufacturing SMEs: a frontier approach. Ind. Manag. Data Syst., 2014, 114, 797-816.

  • Singh, H. P. and Kumar, S., Working capital requirements of manufacturing SMEs: evidence from emerging economy. Rev. Int. Bus. Strat., 2017, 27, 369-385.

  • Bayo-Moriones, A., Billon, M. and Lera-Lopez, F., Perceived performance effects of ICT in manufacturing SMEs. Ind. Manage Data Syst., 2013, 113, 117-135.

  • Ambroise, L., Prim-Allaz, I., Teyssier, C. and Peillon, S., The environment-strategy-structure fit and performance of industrial servitized SMEs. J. Ser. Manage., 2018, 29, 301-328.

  • Lappalainen, J. and Niskanen, M., Financial performance of SMEs: impact of ownership structure and board composition. Manage. Res. Rev., 2012, 35, 1088-1108.

  • Pucci, T., Nosi, C. and Zanni, L., Firm capabilities, business model design and performance of SMEs. J. Small Bus. Enterprise Dev., 2017, 24, 222-241.

  • Li, L., Li, D. and Shi, W., Internationalization, internalization and the performance of US biopharmaceutical SMEs. Multinational Bus. Rev., 2011, 19, 65-93.

  • Pais, M. A. and Gama, P. M., Working capital management and SMEs profitability: Portuguese evidence. Int. J. Manage. Finance, 2015, 11, 341-358.

  • Moon, Y. K. and Byungho, P., Sustainable corporate social media marketing based on message structural features: firm size plays a significant role as a moderator. Sustainability, 2018, 10, 1167.

  • Rodriguez-Gutierrez, M. J., Moreno, P. and Tejada, P., Entrepreneurial orientation and performance of SMEs in the services industry. J. Organ. Change Manag., 2015, 28, 194-212.

  • Solakivi, T., Toyli, J., Engblom, J. and Ojala, L., Logistics outsourcing and company performance of SMEs: evidence from 223 firms operating in Finland. Strategic Outsourcing: Int. J., 2011, 4, 131-151.

  • Lin, C. Y. Y. and Chen, M. Y.-C., Does innovation lead to performance? An empirical study of SMEs in Taiwan. Manage. Res. News, 2007, 30, 115-132.

  • Steenkamp, N. and Kashyap, V., Importance and contribution of intangible assets: SME managers’ perceptions. J. Intellect. Capital, 2010, 11, 368-390.


Abstract Views: 316

PDF Views: 99




  • Statistical Analysis of Performance in SMEs

Abstract Views: 316  |  PDF Views: 99

Authors

Gaban Lucian
Decembrie 1918’ University of Alba Iulia, 5 Gabriel Bethlen Street, Alba Iulia, Romania
Masca Ema
Juridical and Administrative Sciences, Petra Maior University, 69 Livezeni Street, Targu-Mures, Romania
Morar Dan loan
University of Oradea, 1 Universitatii Street, Oradea, Romania
Fatacean Gheorghe
Babes-Bolyai University, 58-60 Teodor Mihali Street, Cluj-Napoca, Romania
Moscviciov Andrei
Babes-Bolyai University, Cluj-Napoca, Romania

Abstract


Market economy is mainly characterized by private property. For entrepreneurs, private property allows action according to market realities, opportunities and strategies aimed to succeed. There is no doubt that all small and medium enterprise (SME) achievements are closely linked to profitability, as SMEs constitute a development engine that fuel country GDP. We examine the profitability implications of providing finance to 1233 Romanian SMEs during 2004-2008 based on financial structure ratios. In addition, we analyse the correlation between various return rates. We establish a correlation between performance and equilibrium of Romanian SMEs in five economic sectors: pharmaceutical, furniture manufacturers, leather garment, software and textiles.

Keywords


Assets, Equity, Sales, Investment.

References





DOI: https://doi.org/10.18520/cs%2Fv115%2Fi8%2F1543-1549