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@inproceedings{30741, author = {Vokoun, Marek and Stellner, František}, address = {České Budějovice}, booktitle = {Innovative Economic Symposium 2015}, edition = {1. vyd.}, keywords = {SME; growth; manufacturing; dynamics; ownership; multinationals}, howpublished = {paměťový nosič}, language = {eng}, location = {České Budějovice}, pages = {9-16}, publisher = {Vysoká škola technická a ekonomická v Českých Budějovicích}, title = {Growth dynamics of SMEs - the case of the Czech manufacturing industry between 1997 and 2010}, year = {2015} }
TY - JOUR ID - 30741 AU - Vokoun, Marek - Stellner, František PY - 2015 TI - Growth dynamics of SMEs - the case of the Czech manufacturing industry between 1997 and 2010 PB - Vysoká škola technická a ekonomická v Českých Budějovicích CY - České Budějovice KW - SME KW - growth KW - manufacturing KW - dynamics KW - ownership KW - multinationals N2 - This paper deals with small and medium enterprises (SMEs) and contains firms doing business in the Czech Republic in the years 1997-2010. Hypotheses testing utilize both panel and cross-sectional representation of unique firms in the Czech manufacturing industry. A standard production function model was used for the production analysis. Results suggest that in more concentrated markets the sales are unexpectedly lower than in more competitive markets measured by Herfindahl index for SMEs. The effect of employment growth on sales growth is higher for SMEs (up to 4.67 %) and is not present among large companies (LEs). In the following analysis, we compute firms’ compound annual growth rate (CAGR). For hypotheses testing we utilize a rank-sum test (Wilcoxon statistics), which tests the null hypothesis of equality on a sample of n observations. Result suggests that only small companies grew over 13 years in spite of economic crisis about 3.99 % a year. ER -
VOKOUN, Marek a František STELLNER. Growth dynamics of SMEs - the case of the Czech manufacturing industry between 1997 and 2010. In \textit{Innovative Economic Symposium 2015}. 1. vyd. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích, 2015, s.~9-16. ISSN~2464-6369.
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