VALUE-BASED MANAGEMENT FOR SMALL- AND MEDIUM-SIZED ENTERPRISES – FINDINGS OF AN EMPIRICAL STUDY ON THE DIFFUSION AND OBSTACLES OF THE IMPLEMENTATION

Based on the description of the theoretical background of value-based management and the characteristics of SMEs, the paper analyses the state of knowledge and the diffusion of value based management among SMEs, shows the result of a recently undertaken empirical study and identifies possible implementation barriers of this concept.