Ekonomiczne Problemy Usług

Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Ekonomiczne Problemy Usług


ISSN: 1896-382X     eISSN: 2353-2866    OAI    DOI: 10.18276/epu.2018.132-13
CC BY-SA   Open Access   DOAJ

Issue archive / nr 132 2018
Financial obstacles for new enterprises: industry differences and the dynamic of changes

Authors: Danuta Zawadzka
Politechnika Koszalińska Wydział Nauk Ekonomicznych

Agnieszka Kurdyś-Kujawska
Politechnika Koszalińska Wydział Nauk Ekonomicznych

Agnieszka Sompolska-Rzechuła
Zachodniopomorski Uniwersytet Technologiczny w Szczecinie Wydział Ekonomiczny
Keywords: financial barriers start-ups bank loans collection of receivables
Data publikacji całości:2018-09-27
Page range:12 (149-160)
Klasyfikacja JEL: L23 M13
Cited-by (Crossref) ?:

Abstract

Aim of the article – identification and the assessment of diversity in occurrences of financial barriers limiting the functioning of newly established enterprises in Poland by their activity type. Research methods – a thesis has been put forward that the intensification of occurrences of financial barriers limiting the functioning of newly established enterprises is diversified according to their activity type. The study uses Central Statistical Office (CSO) data for the years 2005–2014. Source material comprised data on the percentage of newly created enterprises that were active one year after the beginning of operations, according to the reported supply difficulties and according to selected cross-sections. In order to identify industries with similar tendencies of financial obstacles limiting their operations, the method of multidimensional comparative analysis (MCA) was used, including the k-means method which is classified as an optimization method. Results – lack of sufficient financial resources is indicated by the owners of newly established enterprises as one of the main and often the most important barrier to running and developing business operations. In the years 2005–2014, in the majority of analyzed industries, the percentage of newly established enterprises whose activity was limited due to a lack of sufficient financial resources increased on average, and the percentage indicating that the barriers limiting their functioning and development are difficulties in collection of receivables, as well as the access to bank loans was decreasing. In the analyzed period, the percentage of newly established enterprises operating in particular industries was diversified significantly in terms of the average pace of changes in the occurrence of certain financial obstacles limiting their functioning. Innovation/value – the value of the article is to indicate the variation in the scale and dynamics of changes in the financial barriers faced by newly established enterprises, which may contribute to creating better conditions for start-ups.
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