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The impact of financial innovation investment support on SME competitiveness

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dc.title The impact of financial innovation investment support on SME competitiveness en
dc.contributor.author Lewandowska, Anna
dc.contributor.author Bilan, Yuriy
dc.contributor.author Mentel, Grzegorz
dc.relation.ispartof Journal of Competitiveness
dc.identifier.issn 1804-171X Scopus Sources, Sherpa/RoMEO, JCR
dc.identifier.issn 1804-1728 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2021
utb.relation.volume 13
utb.relation.issue 3
dc.citation.spage 92
dc.citation.epage 110
dc.type article
dc.language.iso en
dc.publisher Univ Tomase Bati & Zline, Fak Managementu Ekonomiky
dc.identifier.doi 10.7441/joc.2021.03.06
dc.relation.uri https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=417&cp=
dc.subject investments in innovation en
dc.subject EU funds en
dc.subject economic growth en
dc.subject competitiveness en
dc.subject SMEs en
dc.description.abstract This article examines financial support (especially EU Structural Funds as the main tool of cohesion policy) for investments as a lever for the development of SME innovativeness in Poland. The European Commission strongly stresses the importance of their cohesion policy and support for SMEs. European enterprises have suffered significantly from the credit crunch, and the situation could worsen as banks engage in restructuring to eliminate impaired assets from their balance sheets. Supporting SMEs and promoting entrepreneurship is essential for economic development and competitiveness, especially in less developed regions. The main aim of this study is to establish the impact of financial support for investments, especially from EU Structural Funds, on SME competitiveness in Poland. We have analyzed empirically the data drawn from CATI carried out among 805 firms. We have learned how SMEs assess the financial support from different sources along with the resulting impact on the competitiveness of SMEs. The main statistical test for relationships and dependencies was the chi-square independence test and Cramer's V. The results of our research show that SMEs have not used financial support efficiently. Moreover, micro-enterprises were shown to be the least effective after receiving financial support from EU funds. This support often has a demand-driven effect, but it does not improve firm competitiveness. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1010618
utb.identifier.obdid 43882841
utb.identifier.scopus 2-s2.0-85117745022
utb.identifier.wok 000704288200006
utb.source J-wok
dc.date.accessioned 2021-10-26T10:27:26Z
dc.date.available 2021-10-26T10:27:26Z
dc.description.sponsorship European Commission, EC
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Bilan, Yuriy
utb.fulltext.affiliation Anna Lewandowska, Yuriy Bilan, Grzegorz Mentel Contact information Assistant professor Anna Lewandowska, Ph.D. University of Information Technolog y and Management Poland E-mail: alewandowska@wsiz.edu.pl ORCID: 0000-0002-5351-8490 Associate professor Yuriy Bilan, Ph.D. Tomas Bata University in Zlín Czech Republic E-mail: y.bilan@prz.edu.pl ORCID: 0000-0003-0268-009X Associate professor Grzegorz Mentel, Ph.D. Rzeszów University of Technolog y Poland E-mail: gmentel@prz.edu.pl ORCID: 0000-0002-6371-1219
utb.fulltext.dates Received: December, 2020 1st Revision: June, 2021 Accepted: June, 2021
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utb.fulltext.sponsorship -
utb.wos.affiliation [Lewandowska, Anna] Univ Informat Technol & Management, Rzeszow, Poland; [Bilan, Yuriy] Tomas Bata Univ Zlin, Zlin, Czech Republic; [Mentel, Grzegorz] Rzeszow Univ Technol, Rzeszow, Poland
utb.scopus.affiliation University of Information Technology and Management, Poland; Tomas Bata University, Zlín, Czech Republic; Rzeszów University of Technology, Poland
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utb.identifier.jel L11
utb.identifier.jel L25
utb.identifier.jel O31
utb.identifier.jel R11
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