PREPAREDNESS  OF  ENTERPRISES  TO  ENTER  THE  EUROPEAN  UNION  AND  THEIR  EXPECTATIONS Cover Image

Pripravenosť podnikov na vstup do Európskej únie a ich očakávania
PREPAREDNESS OF ENTERPRISES TO ENTER THE EUROPEAN UNION AND THEIR EXPECTATIONS

Author(s): Jaroslav Vokoun, Vilma Juríčková
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV

Summary/Abstract: Successful adaptation of the enterprising sphere to market conditions, its preparedness and ability to face competition pressures in case of the entry into the joint market is one of the basic conditions of the Slovak integration into the EU. Analyses aimed at this problem as well as empirical research accomplished to find out the preparedness of enterprises for this changeover follows that Slovak enterprises similarly as the enterprises in other transforming countries are inadequately prepared for this step. Such an unsatisfactory situation has several reasons, which issue both from the in-side of respective enterprises, and from the outer environment. One of the main internal reasons worrying the enterprising sphere is no transparen-cy of the property relations and high rate of their uncertainty. In spite of the fact that most of the enterprises went over from public sector into the private one and thus property restructuring has been more or less brought to an end, instead of property stabilising one witnesses its destabilisation. Therefore just the consolidation of property relations, and their transparency is the first prerequisite of their efficient operation and correct exploitation. Further of the decisive internal factors of the successful adaptation of enterprises and indicator of their preparedness is the financial position of enterprises. Adequate capital and property equipment is an irreplaceable condition for the successful operation of an enterprise. Its level depends on the level of financial management of the enterprise, which is closely connected with the character of property relations. Good financial posi-tion belongs to the internal bases of firm’s development and is one of the conditions of its quick adaptation to the conditions of the EU Single Market. Financial position of enterprises determines to a large extent their competitiveness. The decrease of share in the relevant market is often accompanied exactly by the dete-rioration of the financial situation of the enterprise. It is evident that enterprises with better financial position realise their position in foreign markets more efficiently than enterprises in bad financial situation. From the point of view of the financial situation of the enterprises, the access to financial resources is important. Enterprises in better financial position also have better access to financial resources. The disadvantage of the Slovak enterprises is their current preference of high concentration of their property, which creates a barrier of obtaining financial resources.

  • Issue Year: 50/2002
  • Issue No: 04
  • Page Range: 681-693
  • Page Count: 13
  • Language: Slovak