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The aim of the article is to identify and characterize the level of business environment risk in the sector of small and medium-sized enterprises in Poland and Slovakia to prepare the recommendation for risk management improvements in the future. Article is based on own questionnaire research, conducted among total 273 SMEs from Poland and Slovakia in 2016. The descriptive statistics and Gamma correlation will be used in empirical data analysis to achieve the paper goal. Authors emphasized that risk management sho...

One of the most widely used means in achieving firms’ growth and development are mergers and acquisitions (M&As). However, numerous empirical studies have questioned the success of M&As in increasing the firms’ value for their owners. Even though varying in methodology, sample size and structure, monitored time and geographical spread, the majority of research indicate that many M&As fail in accomplishing described criteria, i.e. that they do not increase the firm’s business success. This opens questions about the...

The interdependence of spatial structure and economic development is gaining momentum in the current period when there is competition between the regions of Europe based on uneven economic development and growth. Clusters therefore become a new way of addressing the economic growth of the regions, unemployment and financial stability, which is moving towards a new organization of the economic area. Clusters are seen as one of the means of increasing innovation performance, of increased competitiveness of enterpris...