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Jan Zwolak



Authors and WSEAS

Jan Zwolak


WSEAS Transactions on Business and Economics


Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 14, 2017

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 14, 2017


The Financial Security of Sales in Small- and Medium-Sized Enterprises in Poland

AUTHORS: Jan Zwolak

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ABSTRACT: This study aims to determine the elasticity of ROS with respect to the financial contribution of business enterprises, the EU Operational Fund, and the EU Market and Capital Support Fund in Poland in 2014–2020. The elasticity of profit margins with respect to the enterprises’ financial contribution is 1.9, i.e. almost twice the potential rate of 1. The elasticity of ROS with respect to EU funding as a means of financial security is negative. However, the average rate of increase in aggregate ROS (30%) will be ensured by the average rate of increase in ROS from the enterprises’ own financial contribution (15%), the EU Operational Fund (15%), and the EU Market and Capital Support Fund for SMSEs in Poland in 2014–2020 (24%).

KEYWORDS: ROS (profit margin/return on sales); financial safety/security; EU funds/funding; SMSE (small and medium sale enterprise); model.

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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 14, 2017, Art. #34, pp. 322-329


Copyright © 2017 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0