The importance of large enterprises for the development of the furniture industry in the selected EU countries
The importance of large enterprises for the development of the furniture industry in the selected EU countries. In theoretical and empirical research, the role of small and medium-sized enterprises in the economic development of the country is usually explicitly emphasized, highlighting their importance for innovation and competitiveness of the economy. However, despite the small percentage of companies employing over 249 persons in most industries, these enterprises generate a significant value of industrial production and to a large extent create jobs. The main purpose of the research was to assess the importance of large companies for the development of the furniture industry in the selected EU countries. Five European Community countries were selected for the research, which are among the largest furniture manufacturers (Italy, Germany, Poland, Great Britain and France). A comparative analysis was carried out against all Member States of the Community, and the time range of the research covered the years 2010-2017. The analysis shows that overall, the importance of large enterprises for the development of the EU furniture industry has increased, although these trends were varied in analysed countries. The countries selected for the analysis play a significant role in creating value in production and jobs in the EU furniture industry. Enterprises with the highest level of employment are of great importance for the increase in production and the development of the labour market in this industry. These economic entities constituted less than 1% of the total functioning enterprises. The added value per employee in enterprises employing over 249 persons in the EU was clearly higher than the average for business entities in general.