IMPACT OF THE GLOBAL FINANCIAL CRISIS ON COOPERATION BETWEEN SMEs AND BANKS
Abstract
The sector of SMEs plays a key role in the economic development in Poland. On the other hand they belong to the group of units that is characterized with the weakest position in the market. Practice and theory show that SMEs seek for the financial means for running their activities and for investments. The problem with the financing strongly appeared in the time of the financial and economic crisis,
when SMEs and entrepreneurs have suffered a double shock: a drastic plummet in demand for goods and services and the tightening in credit terms, which were ruthlessly disturbing their cash flows.
Keywords:
SMEs, financing, financial crisis, relationsDetails
- Issue
- Vol. 1 No. 1 (2012)
- Section
- Research article
- Published
- 2012-06-30
- Licencja:
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