Acta Univ. Agric. Silvic. Mendelianae Brun. 2016, 64(1), 213-222 | DOI: 10.11118/actaun201664010213

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

Ivana Blažková
Department of Regional and Business Economics, Faculty of Regional Development and International Studies, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic

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.

Keywords: research and development, innovations, small and medium-sized enterprises, project support, economic performance, financial ratios
Grants and funding:

The paper has arisen within the internal grant project FRDIS MENDELU No. 01/2014 "The impact of the company research on cash flow, stability and innovative potential of an enterprise", which is joined to the project of MENDELU Brno, MSM 6215648904, the thematic direction 04 "The trends of agro-business, formation of the segmented markets within the commodities' chains and the food nets in the process of integration and globalisation and the changes of the agrarian policy".

Prepublished online: February 29, 2016; Published: April 1, 2016  Show citation

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Blažková, I. (2016). The Impact of the Public Support for R & D on the Economic Performance of SMEs. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 64(1), 213-222. doi: 10.11118/actaun201664010213
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