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Practical Use of the Financial Management of Small and Medium-Sized Enterprises in the Czech Republic Conditions

In: Business Challenges in the Changing Economic Landscape - Vol. 2

Author

Listed:
  • Eva Hamplova

    (University of Hradec Králové)

  • Katerina Provaznikova

    (University of Hradec Králové)

Abstract

Using tools and techniques of the financial management in conditions of small and medium-sized businesses is an essential part of successful entrepreneurship. The main objective of the paper is to find out how businessmen deal with the main economic issues connected with the assessment of their company performance and the related liquidity. The aim of the research is to analyze systematically the set of data and information obtained through direct questioning of respondents—entrepreneurs who run their business and have their own subjective style of financial management. The initial hypothesis of the research plan is to confirm that even though the tools of financial management represent a very important business area, the skills and knowledge of entrepreneurs in small and medium-sized businesses are insufficient. There are no doubts about the fact that the financial management on the level of big businesses is the matter of their existence. The importance that the entrepreneurs of small and medium-sized businesses attribute to the criteria measuring and evaluating the company performance, liquidity and the profit distribution is already the subject of the research through the questionnaire survey.

Suggested Citation

  • Eva Hamplova & Katerina Provaznikova, 2016. "Practical Use of the Financial Management of Small and Medium-Sized Enterprises in the Czech Republic Conditions," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Business Challenges in the Changing Economic Landscape - Vol. 2, edition 1, pages 449-456, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-22593-7_33
    DOI: 10.1007/978-3-319-22593-7_33
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