Zoltán András Dániel;
 Viktória Csizmadiáné Czuppon
Keywords: SME, growth, EU funds, performance,
Abstract: The Hungarian micro, small and medium enterprises (SMEs) has the possibility to have access to development resources. The Economic and Competitiveness Operational Programme and The Economic Development Operational Programme (EDOP) support SME’s with billions of EU and national non-refundable funds. In our quantitative research, we made a database using data of medium enterprises who received funds between 2004 and 2013 (EDOP founds), the database was completed using data from the enterprises’ annual reports. We used the balance sheet to obtain data on company assets, income statement to obtain income, expenses and earnings before taxes data. We collected all listed data for the previous years and following periods (between 2006 and 2013). In this study, we analyzed performance indicators based on assets and profitability of company, for periods following the financial fund get from the above-named programs. The research enabled to map the growth path following the grants. This study confirmed the necessity of direct funds for SME companies following their strategical growth path, and gives advice for the future resource allocation. These advices may be integrated as criteria for resource award in the future.
p-ISSN 2063-8248 e-ISSN 2064-0188
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