INPROFORUM 2016

Labour Productivity Growth of SMEs in Food Industry and Financing Sources
Martina Novotná, Tomáš Volek

Language: cs
Last modified: 2017-03-13

Abstract


The basis for the growth of enterprises competitiveness are innovative activities leading to increasing of quality produced goods and services and labour productivity. Small and medium enterprises must use external financial sources to finance the economics growth of enterprises. The aim of this paper is to assess the development of labour productivity in relation to sources of funding of small and medium-sized enterprises in the food industry. It was found that small and medium-sized enterprises use from halt to finance of investment activities leading to the growth of labour productivity external financial resources. The importance of these resources has declined during the monitored period. Enterprise analysis showed that companies with above-average labour productivity using less external financial resources.

Keywords


Labour productivity; SMEs; Value added; Indebtedness

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