ANALYSIS OF FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN THE BRČKO DISTRICT OF BOSNIA AND HERZEGOVINA

Abstract

The paper analyses the financial performance of small and medium enterprises operating in the area of the Brcko District of Bosnia and Herzegovina. The analysis is based on the results on the results obtained in 2021 from a scientific research project titled: "Analysis of the situation and problems in the business of small and medium enterprises in the Brcko District of Bosnia and Herzegovina", conducted by the Faculty of Economics Brcko.
The obtained results were compared with the results of a similar scientific survey conducted in 2016 by the Faculty of Economics Brcko, in order to identify possible changes. The results of the analysis show that micro and small enterprises mostly rely on their own sources of financing working capital and investments, while medium-sized enterprises mostly use a combination of their own and external sources. Credit indebtedness does not represent a significant financial burden for most respondents. The level of information on existing support programs of the Government of the Brcko District is satisfactory, while satisfaction with the results has not changed significantly compared to previous research, which indicates the need for a more intensive approach in the field of support for entrepreneurs, in order to increase benefits, primarily for the business sector and the local community.