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MENUVolume : IV, Issue : IV, April - 2015
THE IMPACT OF MACROECONOMIC CONDITIONS ON SME'S PROFITABILITY
Dr. Anila Cekrezi
Abstract :
Small and medium enterprises are the major agents of economic growth and employment in Albania and profitability
is one of their most important financial indicators. It is affected not only by in¬ternal factors but also by external macro
factors. Therefore, the focus of this research is the evaluation of the impact of internal factors (leverage, size, liquidity
and asset turnover) and macroecono¬mic factors (GDP growth rate and inflation) on SMEs’ profitability. The investigation uses cross–sectional
time series data which are calculated from balance sheets of the firms. The results revealed a significant impact of leverage, liquidity, asset
turnover and GDP growth rate on the profitability of SMEs.
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DOI : https://www.doi.org/10.36106/gjra
Cite This Article:
Dr. Anila Cekrezi THE IMPACT OF MACROECONOMIC CONDITIONS ON SMES PROFITABILITY Global Journal For Research Analysis, Vol: 4, Issue: 4 April 2015
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Dr. Anila Cekrezi THE IMPACT OF MACROECONOMIC CONDITIONS ON SMES PROFITABILITY Global Journal For Research Analysis, Vol: 4, Issue: 4 April 2015
