Perception of Financial Security in Assessing Business Continuity by SMEs in Poland

Nita Bartłomiej () and Kaczmarczyk Angelika
Additional contact information
Nita Bartłomiej: Wrocław University of Economics and Business, Department of Accounting, Reporting, and Financial Analysis, Komandorska 118-120, 53-345 Wrocław, Poland
Kaczmarczyk Angelika: Wrocław University of Economics and Business, Department of Accounting, Reporting, and Financial Analysis, Komandorska 118-120, 53-345 Wrocław, Poland

Central European Economic Journal, 2025, vol. 12, issue 59, 243-259

Abstract: The aim of this study is to diagnose how small and medium-sized enterprises (SMEs) in Poland perceive financial security, and to examine whether there is a significant relationship between this perception and the companies’ market experience. The motivation for undertaking this topic is the limited number of studies on how SMEs, which form the foundation of the economy and are highly exposed to financial risks, define and operationalize financial security in practice. This study was based on a CAWI survey conducted among 500 SMEs from the manufacturing, trade and services sectors, and the data was analyzed using the chi-square test, Fisher‘s exact test and a Monte Carlo simulation. The results indicate that financial security is primarily associated with a stable customer base, available funds in bank accounts, and maintaining financial liquidity, with older companies attaching greater importance to these indicators. The study also reveals that most SMEs rely on trust and informal methods when verifying their contractors, rarely using financial statements. The contribution of this article is threefold: it enriches the theoretical debate on SME financial security by linking it to the going-concern principle; it provides empirical evidence from Poland that fills an identified research gap; and it offers practical implications for SME managers, auditors and policy makers.

Keywords: financial security; small and medium sized enterprises; going concern (search for similar items in EconPapers)
JEL-codes: G32 G33 M41 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/ceej-2025-0015 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:ceuecj:v:12:y:2025:i:59:p:243-259:n:1015

DOI: 10.2478/ceej-2025-0015

Access Statistics for this article

Central European Economic Journal is currently edited by Anna Matysiak

More articles in Central European Economic Journal from Sciendo
Bibliographic data for series maintained by Peter Golla ().