2017
DOI: 10.22616/erdev2017.16.n333
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Factors influencing Latvian small and medium enterprises towards eco-innovation

Abstract: Abstract. Although small and medium enterprises (SMEs) are the backbone of national economies, they face many barriers and constraints towards innovations, particularly eco-innovations. In the European Union (EU) eco-innovations had been recognized as an important contributor for sustainable and green growth. The aim of the study is two-fold: 1) to determine the main barriers of eco-innovations' development in Latvia; 2) to compare the state of the main identified barriers among the EU countries. The main barr… Show more

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Cited by 5 publications
(2 citation statements)
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“…The share of accounts receivable has increased, and this is a negative phenomenon, since the process of diverting own circulating assets from the economic turnover is accompanied by indirect losses in the company's income. Consideration of the composition and structure of circulating assets, their placement at different stages of the circulation makes it possible to correctly assess the proportions that have developed between the individual elements that form the circulating production assets and circulation funds [3]. Violation of the proportionality and rational organization of the structure of circulating assets reduces the efficiency of their use, disrupts the continuity of the production process, and, consequently, the circulation of the advanced value.…”
Section: Resultsmentioning
confidence: 99%
“…The share of accounts receivable has increased, and this is a negative phenomenon, since the process of diverting own circulating assets from the economic turnover is accompanied by indirect losses in the company's income. Consideration of the composition and structure of circulating assets, their placement at different stages of the circulation makes it possible to correctly assess the proportions that have developed between the individual elements that form the circulating production assets and circulation funds [3]. Violation of the proportionality and rational organization of the structure of circulating assets reduces the efficiency of their use, disrupts the continuity of the production process, and, consequently, the circulation of the advanced value.…”
Section: Resultsmentioning
confidence: 99%
“…Cainelli et al, 2020;. Only few papers are devoted to eco-innovation in Transition countries (Biscione et al, 2021;Cooke, 2011;Horbach, 2016) and particularly in the Baltic area (Melece & Hazners, 2017;Melece, 2015). Exploiting the Eco-Innovation Index 1 provided by Eurostat, these works analyze the eco-innovation performance in EU member states highlighting that the Baltic countries, with respect to the other EU countries, are characterized by a low eco-innovation level.…”
Section: Introductionmentioning
confidence: 99%