Search For:  
Czech |  English

Journal of Competitiveness

The Payment Discipline of Small and Medium-sized Enterprises

Ključnikov Aleksandr, Kozubíková Ludmila, Sopková Gabriela

Keywords:
financial risk, payment discipline, overdue claims, small and medium-sized enterprises, Slovakia

Abstract
The issue of payment discipline is strongly interconnected with the competitiveness of companies. The aim of this article is to examine the opinions of entrepreneurs from SMEs in Slovakia on the payment discipline issue and its consequences, including the risk of insolvency and lowered competitiveness, and to compare the results in terms of the defined social groups. The entrepreneurs were divided into monitored groups according to the following criteria: gender, age (groups: younger than 35, 36 to 45 years old, and older than 45) and level of education (groups: university educated, other level of education). This article is based on the research conducted in the Slovak business environment in 2016. The results showed that payment discipline represents a major problem in SMEs in Slovakia, a fact confirmed by affirmative replies from more than 67% of the entrepreneurs. While 83% of them noted the existence of problems with overdue receivables, 30% of the respondents acknowledged problems with their own payment discipline and identified secondary insolvency as the most important reason for it.

Fulltext download
The Payment Discipline of Small and Medium-sized Enterprises [PDF file] [Filesize: 824.18 KB]

10.7441/joc.2017.02.04



Journal of Competitiveness

Homepage | About | Current issue | Archive | Instructions for authors | RSS feed | LinkedIn | Facebook

Copyright © 2009-2017 Journal of Competitiveness; Tomas Bata University in Zlin. All rights reserved.
Search powered by Google™

ISSN 1804-171X (Print)
ISSN 1804-1728 (On-line)


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.