This study builds on two theoretical assumptions: (1) Because SMEs tend to internationalize fast on a wide global scale, their market selections do not seem to be dictated by distance measures. (2) Business relationships seem to be vital for these firms when acquiring knowledge and developing...

In order to balance their local and global operations optimally, SMEs are moving toward a ‘global factory’ type of organizational form, meaning a differentiated network of activities held together through the control of key assets and flows of knowledge, and coordinated by a focal firm....

Starting from a Logit model developed in the past we try to provide empirical support for counties disparities regarding intellectual capital factor influence. The study presents some correlation between economic performance, structure of activity in the county and intellectual components: human...

This paper focuses on the question whether West German firms have experienced an increase in their financial risk position with due implications for the macroeconomy. The investigation is based on a special evaluation of the balance sheet statistics by the Deutsche Bundesbank broken down into...

The main purpose of this paper is to evaluate corporate debt ratios by size classes in Continental Europe. Evidence is given on a sample of firms in manufacturing industry for ten European countries, all of them being in Euroland apart from Denmark (Austria, Belgium, Denmark, Finland, France,...

Small and medium-sized enterprises are considered to be the principal generator of new jobs in the industrialised countries at least since the Birch (1979) study. According to this image, they are also stabilising the economy during the business cycles because of the lower volatility of their...

This paper aims to investigate how improvements in different collaborative SMEs contexts can be eased by applying a common methodology. Considering that a large amount of different management aspects are involved in the configuration of collaborative environments, multiple management methods are...

La presente edición de Microempresa cuenta con dos artículos principales. En el primero se examina el hecho de que las microempresas obtienen crédito en peores condiciones que las grandes compañías: pagan más interés, reciben préstamos más pequeños relativos al flujo de caja y tienen...