Dominant factors of SMEs failure - a case study of Serbian, Hungarian and Czech enterprises

Isidora Milošević, Ivan Mihajlović, Anđelka Stojanović
2019 Serbian Journal of Management  
The issue of failure of the Small and Medium sized Enterprises (SMEs) is principally vital in transitional countries. The SMEs sector is the largest segment of the national economies with great percent of the total number of enterprises, major in employing large numbers of people and a significantly contributes to Gross Domestic Product (GDP). In light of the global economic crisis and recovery period, the SMEs continued to create new jobs and employ (Kalak & Hudson, 2016) , which further
more » ... izes the importance of the SME sector. On the other hand, intense dominAnt fActors of smEs fAilurE -multigroup confirmAtory fActor AnAlysis isidora milošević * , ivan mihajlović and Anđelka stojanović
doi:10.5937/sjm14-23536 fatcat:tifti3ytlnbidokhhhgi247pwy