This paper analyses the role that institutional factors play in explaining differences in the capital structure of small and medium-sized enterprises (SMEs) across regions belonging to a single country. Specifically, it studies the effect of the development of the financial sector and of the...

The assessment of a financial position of SME has very much importance as for the analysis of current situation in a regional economy, as for modeling of their development by drawing up medium-term forecasts. Definition of SMEsituationsshall be done for separate sectors (from 15 to 45) of...

The importance of entrepreneurship in a social structure results from the characteristics of entrepreneurs in determining the needs of a society and making investments in that area. Therefore, entrepreneurship is one of the most important factors of the progress for any social structure. On the...