Financial Performance of SME Enterprises as an Engine of Polish Entrepreneurship

Abstract

The SME sector is one of the most important pillars of modern economies. Due to its large share in the creation of GDP, employment and the structure of Polish enterprises - the SME sector is referred to as the engine of the Polish economy. The aim of this paper is to present a classification of SME enterprises and the importance of this sector for the Polish economy. The aim of the paper is also to analyse the financial performance of the SME sector in Poland in 2015-2021. The paper uses the induction and deduction method, as well as structure and dynamics analysis. The empirical data comes from Statistics Poland. The results of the study led to the conclusion that, in the period 2015-2021, enterprises in the SME sector have, on average, a larger share of total revenue and costs and gross profit of non-financial enterprises than large enterprises. When analysing the data, it was also found that the SME sector is predominantly responsible for the creation of the value added and the value of production in the years under study over large enterprises.