FINANCIAL STATEMENT UTILIZATION DURING DECISION MAKING PROCESS IN SMEs: A COMPARATIVE STUDY ON EUROPEAN AND TURKISH MANAGERS

Authors : Hasan İBİCİOĞLU, Turan KOCABIYIK, Hüseyin DALĞAR

Pages : 209-226

View : 18 | Download : 13

Publication Date : 2015-03-11

Article Type : Research Paper

Abstract :This study examines financial information requirement for decision making in small and medium sized enterprises. 131 SME managers’ responses were collected from Turkey and 8 different European countries. According to both Turkish and European managers, financial statements are mostly important to foresee the probable liquidity and financial crisis. And they find experience more important than financial statement data. A comparative analysis of Turkish and European SME managers is stated. Small and medium sized enterprises can use the information from this study to better understand their decision making process and importance of financial statement data. As a result SME chambers can use the information to provide better advice to members.
Keywords :