The Financial Liquidity Investment Efficiency Model (FLIEM) was presented and discussed by Michalski (Value-based working capital management: determining liquid asset levels in entrepreneurial environments. Palgrave Macmillan, 2014). Here the Cash Levels in Full Operating Cycle (CLFOC) is...

The paper presents issues related to the risk of growth failure of SMEs operating in the shadow economy and discusses determinants and paths of business growth. The participation of companies in the shadow economy affects their operations, and thus the processes of their growth. On the one hand,...

CSR practice may draw inspiration not only from academic inquiries, but also from social debates, goals articulated by political leaders and the experiences of other economic entities that carry out their own social responsibility programmes. This article discusses an issue that has fundamental...

The paper aims to examine whether R&D-active companies are financially constrained based on a self-assessment approach. A second aim is to check whether a company's size has any impact on access to capital for R&D-active firms. The study is based on data collected from more than 400 enterprises...

Designing an effective tax regime for small businesses remains a pressing issue. The authors engaged a comparative analysis of types and methods of tax incentives for small business and innovative business in global practice. It is concluded that the stimulating function of the taxation system...

Durch die zunehmende Verschmelzung zwischen realer Produktionswelt und der virtuellen IT-Welt, einhergehend mit den jetzt verfügbaren Möglichkeiten in diesem Bereich, erlebt gerade die produzierende Industrie einen enormen Wandel. Getragen durch politische Rahmenbedingungen sowie neue...

Industry 4.0 is expected to bring several conversions for industrial value creation, encompassing entire value-added networks. Small and medium-sized enterprises (SMEs), which play an important role for both the German as well as the European economy, struggle to integrate the concept of...

This paper has the aim of analyzing the relationship of logistics capabilities and supply chain flexibility (SCF) as part of small and medium-sized enterprises (SMEs) internationalization strategy through a review of relevant research in these areas. This review will constitute the foundation...