VPLIV ORGANIZACIJSKE ZMOŽNOSTI MREŽENJA HITRO RASTOČEGA PODJETJA NA ZAZNANO FINANČNO USPEŠNOST
THE INFLUENCE OF HIGH-GROWTH ENTERPRISES’ NETWORK CAPABILITIES ON PERCEIVED FINANCIAL PERFORMANCE

Author(s): Blaž Frešer, Karin Širec, Polona Tominc
Subject(s): Socio-Economic Research
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Fast growing company; organizational ability to network; financial success;
Summary/Abstract: Rapidly growing companies have proven to be an important element for creating jobs, innovative ideas, social welfare and progress. Broad knowledge about the importance of fast-growing companies comes from very diverse research in the mentioned field, which is primarily focused on explaining the meaning of entrepreneurship, the characteristics of companies (demographic factors) and the impact on the creation of employment and the creation of economic growth. In the latter, we could also include the field of studying the financial success of fast-growing companies, because in the example, if a fast-growing company was financially successful, it could operate (and employ) at the level expected for the company. Kot proposes the theory of networking, because the organizational ability to network represents an important aspect of shaping the company's financial success. The organizational ability to network has proven to be an important factor that can influence financial success, both directly and indirectly through the influence on access to financial resources and information that the company has at its disposal. In this paper, we analyze the influence of organizational networking capabilities on financial success based on a sample of n=125 fast-growing companies from the Republic of Slovenia. The research is based on a random sample of fast-growing companies that were included in the list of fast-growing companies at least once between 2011 and 2016 according to the methodology of the Agency of the Republic of Slovenia for Public Legal Records and Services. The results confirm the findings of previous research, although we found only the existence of weak, statistically significant, positive effects from the analysis. The results thus indicate the importance of organizational networking capabilities, the importance of which in the ecosystem of fast-growing companies cannot be ignored.

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