Źródła finansowania działalności małych i średnich przedsiębiorstw

Aleksandra Pisarska, Mirosław Wasilewski

Pisarska, Aleksandra
Wasilewski, Mirosław; ORCID: 0000-0001-6791-5713
Źródła finansowania działalności małych i średnich przedsiębiorstw
The small and medium enterprises business activity financial resources
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2009, vol., nr 77, s. 217-227


The paper analyses the financial resources of business activity in SME sector in Świętokrzyskie region. In all groups of enterprises noticed increased value of liabilities, equity and debt capital calculated per employee. I was stated that together with growing number of employees (size of enterprise) recorded significant enhance of capital value per employee. The equity capital was the financial resource which dominance in small and medium enterprises activity, while in micro enterprises – debt capital, especially short-term. In all groups of companies the participation of long term debt capital noticed quite low level. In case of micro enterprises recorded decreasing share of short term loan capital, in relation to long term financing, which value increased in researched period. It confirmed that this source of capital was used in implementations of companies undertakes. To summaries, the micro enterprises require financial support, since their previous capital position was unfavorable in relation to small companies.