WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 14, 2017
The Financial Security of Sales in Small- and Medium-Sized Enterprises in Poland
Author: Jan Zwolak
Abstract: This study aims to determine the elasticity of ROS with respect to the financial contribution of business enterprises, the EU Operational Fund, and the EU Market and Capital Support Fund in Poland in 2014–2020. The elasticity of profit margins with respect to the enterprises’ financial contribution is 1.9, i.e. almost twice the potential rate of 1. The elasticity of ROS with respect to EU funding as a means of financial security is negative. However, the average rate of increase in aggregate ROS (30%) will be ensured by the average rate of increase in ROS from the enterprises’ own financial contribution (15%), the EU Operational Fund (15%), and the EU Market and Capital Support Fund for SMSEs in Poland in 2014–2020 (24%).