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Statistical Methods Use in Small Enterprises: Relation to Performance

Author

Listed:
  • Dumičić Ksenija

    (Faculty of Economics and Business, University of Zagreb, Croatia)

  • Bregar Lea

    (Faculty of Economics, University of Ljubljana, Slovenia)

  • Žmuk Berislav

    (Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia)

Abstract

Background: There are several factors that lead to an improved level of competitiveness and increased net income of enterprises. Previous studies have shown that an appropriate use of statistical methods has positive effects on the level of competitiveness and on enterprises’ net income in general. Objectives: This study analyses the statistical methods use in Croatian small enterprises. The goal of this research is to establish whether most Croatian small enterprises use statistical methods and whether the enterprises that use statistical methods on average have greater net income than the enterprises that do not use statistical methods. Methods/Approach: A web survey was conducted on the sample of 631 small enterprises in Croatia in 2012. In the analysis a complex survey design was taken into account. Results: The results have shown that in most Croatian small enterprises statistical methods are not used. The enterprises that use statistical methods on average have greater net income than the enterprises that do not use them. Conclusions: The results suggest that even though the use of statistical methods in small enterprises leads to higher net income, they are not used in the majority of Croatian small enterprises. If Croatian small enterprises want to succeed on the demanding European Union’s market they should consider using statistical methods in their business.

Suggested Citation

  • Dumičić Ksenija & Bregar Lea & Žmuk Berislav, 2014. "Statistical Methods Use in Small Enterprises: Relation to Performance," Business Systems Research, Sciendo, vol. 5(3), pages 37-48, September.
    • Handle: RePEc:bit:bsrysr:v:5:y:2014:i:3:p:37-48
    DOI: 10.2478/bsrj-2014-0018
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    Citations

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    Cited by:

    1. Radlović, Ivana & Hunjet, Anica & Kozina, Goran, 2020. "Development of Small and Medium Entrepreneurship in the Republic Of Croatia," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2020), Virtual Conference, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Virtual Conference, 10-12 September 2020, pages 333-340, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    2. Jhonni Sinaga & Adler Haymans Manurung & Nera Marinda Machdar & John Edward Harly Jacob FoEh, 2023. "Internal and External Determinants of Risk Based Capital," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 13(2), pages 1-5.
    3. repec:bit:bsrysr:v:5:y:2014:i:3:p:2-5 is not listed on IDEAS
    4. Nidia Prastivini S. Sastralaga & Adler Haymans Manurung & Ferdinand D. Saragih & Benny Hutahayan, 2020. "The Effects of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013 - 2018," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(2), pages 1-8.
    5. repec:zna:indecs:v:19:y:2021:i:4:p:227-238 is not listed on IDEAS

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