This study examines relation of the auditor choice and cost of debt financing for private SMEs (small and medium sized enterprises). In particular, it examines whether choice of a certified auditor or reputable international audit firm provides economic value to private SMEs as a factor lowering firms' information problems and cost of debt financing in the capital markets. Using time-series cro...

It can hardly be contradicted that there is a growing complaint about mismatch between the potential performance of CIM solutions available and the practical success score in implementing CIM in the Small and Medium-sized Enterprises (SMEs). This paper assumes that one reason for this discrepancy lies in the heavy-handedness of the planning methods and tools available to consultants while plann...

Realization and usage of advanced decision support systems are cost intensive. They require expert users during data collection and analysis task. Implementing these systems is time consuming and thus costly. This leads to the problem that SMEs (Small and Medium-sized Enterprises) often cannot afford these systems. In this paper we describe our aim of creating a DSM (Domain Specific Modeling) b...

This paper argues that the existing finance literature is inadequate with respect to its coverage of capital structure of small and medium sized enterprises (SMEs). In particular it is argued that the cost of equity (being both conceptually ill defined and empirically non quantifiable) is not applicable to the capital structure decisions for a large proportion of SMEs and the optimal capital st...

Under the new situation of economic development, structural adjustment and industrial upgrading has become an inevitable trend.The survival traditional advantages of SMEs (small and medium sized enterprises) gradually disappeared, facing the great challenge of development. How to use the new innovation mechanism of ecommerce model , to strengthen the vigor and impetus for enterprise development...

In this paper, we look into knowledge leakages and ways to address them. It is conducted from the point of view of small and medium-sized enterprises (SMEs), as their specific attributes create unique challenges. Based on a discussion of the relevant fields, ways are presented in order to reduce the danger of knowledge leakages. In view of practitioners, the paper’s findings may enable an incre...

In increasingly complex and dynamic markets, small and medium sized enterprises (SME) face new challenges. Amongst others, these are innovativeness and technological expertise. In order to counteract the challenges, SMEs cooperate in corporate networks. Here, information and communication technologies are main drivers. At this point, Web 2.0 technologies are uttermost important. Until now, the ...

In recent years, Small and Medium Enterprises (SMEs) have contributed considerably Vietnam's economy. In 2005, there were 109,738 SMEs, which account for 96.81 percent of all enterprises in Vietnam. SMEs employed 2528623 employees, representing 40.5 percent of the total number people employed by enterprises in Vietnam. In the same year, SMEs contributed 54476 billion VND, comprising 34.33 perce...

Variability has become important means to provide customer specific products fast to the market. This paper presents findings from a literature study and questionnaire designed to find out the current variability management practices, challenges and needs in small and medium sized companies (SMEs). The literature study was carried out first, and based on its findings questionnaire study was des...

Because of its global reach, reduction of time restraints, and ability to reduce costs and increase sales, use of the Internet, the World Wide Web (WWW), and related technologies can be a competitive tool in the arsenal of small and medium-sized enterprises (SMEs). Countries the world over are interested in the successful adoption of the Internet by SMEs. Because a vast majority of jobs come fr...