The Impact of the Public Support for R & D on the Economic Performance of SMEs

• Main Author: Ivana Blažková
• Format: Article
• Language: English
• Published: Mendel University Press 2016-01-01
• Series: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
• Subjects: research and development; innovations; small and medium-sized enterprises; project support; economic performance; financial ratios
• Online Access: https://acta.mendelu.cz/64/1/0213/

The article is focused on evaluation of impacts of the project support for research, development and innovations on the economic performance of small and medium-sized enterprises. The set of analysed enterprises was composed of 182 SMEs operating in the Region of South Moravia in the Czech Republic, which were active in R & D in 2012 and 2013. There were evaluated public sources of funding for innovation activities and selected financial ratios of economic performance. The hypotheses about the relationship between the amount of public support and profitability of enterprises were set up and statistically tested. The analysis proved sufficient level of profitability and liquidity of the SMEs involved in research, the worst economic performance of the smallest enterprises and the direct positive relationship between the amount of public support and the profitability in two size groups of enterprises, which refers to the positive impact of the public support on the economic performance of SMEs.