Search results for "Medium enterprises"
showing 10 items of 16 documents
Structural and Static Prerequisites for the Internationalization of Small and Medium – Sized Enterprises in the Baltic States
2014
Abstract The pace and extent of internationalization of small and medium-sized enterprises (SMEs) is the result of the interaction of various factors and preconditions. This article examines one of these prerequisites - the currently established structure of SMEs in the Baltic States. The relationship between the different components of SMEs or the SMEs structure is the slowly varying parameters of the functioning of the economy. However, as an integral element of the economic system, the SME structure affects its development, including internationalization of business. Based on statistical data, the opportunities for small firms to outsource business activities as a perspective form of int…
Entrepreneurship and SMEs Innovation in Romania
2014
Abstract The aim of this article is to present some theoretical connections between entrepreneurship, innovation and small and medium medium-sized enterprises highlighting the role of these business for the economic recovery. It will provide a brief overview of the CNIPMMR study pointing out data about Romanian SMEs innovation activities and use of information technology in such enterprises. Some recommendations for public policies are presented at the end of the paper.
Pecking Order Versus Trade-off: An Empirical Approach to the Small and Medium Enterprise Capital Structure
2003
In this paper, we explore two of the most relevant theories that explain financial policy in small and medium enterprises (SMEs): pecking order theory and trade-off theory. Panel data methodology is used to test the empirical hypotheses over a sample of 6482 Spanish SMEs during the five-year period 1994?1998. The results suggest that both theoretical approaches contribute to explain capital structure in SMEs. However, while we find evidence that SMEs attempt to achieve a target or optimum leverage (trade-off model), there is less support for the view that SMEs adjust their leverage level to their financing requirements (pecking order model). En este trabajo, exploramos dos de las teorías má…
INTERNATIONALISATION OF SMALL AND MEDIUM SICILIAN WINERIES: AN EXPLORATORY STUDY BASED ON THE RBV APPROACH
2014
Strategies of internationalization, such as export, have a central role as well to safeguard the market position and survival for many enterprises, including small and medium ones. The aim of this study is to investigate, through a resource-based view (RBV) approach, the main firms' internal factors that affect the export propensity of sparkling wines producers in Sicily and their ability to insert into foreign market. Based on review of extant literature we have identified the main factors, related both to the firms and to the managers characteristics, that affect the firm performance in the export market. Using survey data of 94 Sicilian small and medium wineries export oriented, this pap…
Barriers in organizing the Romanian firms in responsibility centers
2017
In the current turbulent business environment, the big and medium enterprises must organize their activity in order to face new challenges. One of the organizational forms that can stimulate the performances of the firms is the one in responsibility centers. This paper addresses the issue of the responsibility centers starting from the possibility of using benchmarking before and after the implementation of this organizational form. After highlighting the advantages of the responsibility centers, we presented a study made in Romanian big and medium organizations, regarding the barriers in the design and implementation of this organizational form. The main causes that determine Romanian mana…
Successful SME web design through consumer focus groups
2011
Purpose – The purpose of this research is to pursue two major objectives. First, to identify the key design variables for building successful transactional SME (Small Medium Enterprises) websites. Second, the transactional relevance of each key design variable is tested in order to establish priorities.Design/methodology/approach – The present paper is developed through seven consumer focus groups. Two approaches were used: an ethnographic summary of each focus group (qualitative approach) and a systematic coding procedure (quantitative approach).Findings – The findings indicate that a transactional website should have three main strong points: it must be secure; price information should be…
ERP System Implementation in Make-to-Order SMEs: An Exploratory Case Study
2011
The purpose of this paper is to investigate the issue of Enterprise Resource Planning (ERP) system implementation in the context of Make-To-Order (MTO) Small and Medium-size Enterprises (SMEs). No prior study has investigated the whole ERP implementation process in MTO SMEs. Because of the special requirements of both the SME and the MTO context, ERP implementations under these conditions are challenging. We investigate how these organizational characteristics influence the implementation of an ERP system. This study is part of a larger research project to investigate ERP implementation issue in SMEs. We present the empirical findings from an exploratory case study of an ERP implementation …
Manager gender, entrepreneurial orientation and SMEs export and import propensities: evidence for Spanish businesses
2022
This paper investigates the role of manager gender in SMEs’ decisions to get involved in exporting and importing activities, using a sample of 1,405 Spanish SMEs. We borrow insights from international entrepreneurship theories and feminist theories to set testable hypotheses regarding how managerial gender and entrepreneurial orientation (proactiveness, risk-taking and innovativeness) may influence SMEs export and import propensities. Using a bivariate probit model and controlling for other managerial and business characteristics, results reveal that there are not significant disparities in exporting propensities between men- and women-run businesses. However, female-led SMEs show a lower i…
EMPRESA FAMILIAR, EQUIPOS DIRECTIVOS, DIVERSIDAD Y AMBIDIESTRÍA EN LAS PYMES
2015
RESUMEN El objetivo de este trabajo es analizar el papel del carácter familiar en la ambidiestría de las pequeñas y medianas empresas (PyMEs). Proponemos que las capacidades asociadas al carácter familiar de la empresa y a las características demográficas de sus élites directivas, específicamente su diversidad, afectan a los procesos de toma de decisiones. Dichas características facilitan la percepción de los cambios en el entorno y la respuesta ante ellos con alternativas que, implicando conflictos o tensiones, permiten aprovechar dichos cambios y, además, promueven la habilidad de reconfigurar los recursos para conseguirlo. En una muestra de 132 PyMEs demostramos que la ambidiestría se ve…
El préstamo participativo, ¿tiene el mismo impacto que el capital riesgo en el crecimiento de la pequeña y mediana empresa?
2014
ResumenEl préstamo participativo y el capital riesgo tienen distinta naturaleza, pues mientras el primero es un recurso ajeno, el capital riesgo es un fondo propio. Sin embargo, los profesionales de ambos sectores no encuentran, desde una perspectiva cualitativa, diferencias entre estos instrumentos.Con el objetivo de sustentar cuantitativamente esta percepción, el presente trabajo aborda el análisis estadístico comparativo del efecto que cada uno de estos recursos tiene en 11 variables representativas del crecimiento empresarial, de modo que podamos determinar las posibles analogías entre el impacto que ejercen el préstamo participativo y el capital riesgo sobre el crecimiento de la pequeñ…