THE ROLE OF FINANCIAL SUCCESS OF SMEs IN ACHIEVING ECONOMIC SUSTAINABILITY

Natalja Lace and Zoja Sundukova
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Natalja Lace: Faculty of Engineering Economics, Riga Technical University, Kalku str. 1-428, Riga, LV-1658, Latvia
Zoja Sundukova: Faculty of Engineering Economics, Riga Technical University, Kalku str. 1-428, Riga, LV-1658, Latvia

Chapter 87 in Marketing and Management Sciences, 2010, pp 492-495 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe article deals with the problems of identifying financial stability of enterprises by different branches of national economy of Latvia and inside each specific branch depending on the size of the enterprise. The analysis was made on the basis of calculation of financial indicators in the period from 2002 to 2006. The authors recommend the methodology of identifying sufficient level of own capital for financial balance of an enterprise and on the basis of this also the sufficient level of financial autonomy coefficient.

Keywords: Management, Organizational Behavior, Marketing; Negotiation, Dynamic Models, International Business, Strategic Business, Human Resource, (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2010
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