Innovation, Financial Culture, and the Social-Economic Environment of SMEs in Hungary

Autor:	Gergely Horzsa, Ágnes Győri, Ágnes Czakó
Rok vydání:	2019
Předmět:	Sociology and Political Science business.industry 05 social sciences 050602 political science & public administration Financial literacy Accounting Business 0506 political science
Zdroj:	East European Politics and Societies: and Cultures. 33:976-1004
ISSN:	1533-8371 0888-3254
DOI:	10.1177/0888325419844828
Popis:	Despite the numerous pieces of research that have been undertaken to aid understanding of the innovative activities of small- and medium-sized enterprises (SMEs), only a few have dealt with the interaction between innovation activity and the finance-related attitudes, literacy, and knowledge (competencies) of these companies. The current research focuses on specific aspects of the innovation activities of SMEs in a post-communist society (Hungary) by taking into consideration elements of both entrepreneurial financial culture and the social-economic environment. Our analysis is based on a national representative survey, 2017. Results show that the presence of a creative financial culture, and the grounding of management decisions correlate with company innovation. We found that subsidies as external financial sources contribute to a larger extent to the innovation activities of SMEs than other external and internal financial resources. Moreover, the study explores the effects of some economic and social competition-related factors.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::fef90e97cb184803f0628b701e69b648 https://doi.org/10.1177/0888325419844828 Zobrazit plný text záznamu