Annotated Bibliography Assignment

Running Head: ANNOTATED BIBLIOGRAPHY 1
Annotated Bibliography Assignment
Student’s Name
Institutional Affiliation

Annotated Bibliography
Karadag, H. (2015). Financial management challenges in small and medium-sized
enterprises: A strategic management approach. EMAJ: Emerging Markets
Journal, 5(1), 26-40.
Summary: The article examines the financial management challenges that affect small and
media sized enterprises (SMEs) while focusing on a given strategic management approach.
The author has analyzed business management while identifying the financial challenges as
well as practices, which influence organizational performance in Turkish SMEs. SMEs are
considered the driving force of socio-economic growth in most economies. The author
focused the study on Turkey, which has 99 percent of all business enterprises fall in SME
category. In the first section of the research paper, the focus was on Turkey since the
importance of SMEs for this economy as well as society is higher as compared to other
developed and emerging economies. The most notable challenge for SMEs is poor financial
management. Since 2010, Strategic financial management has attracted the attention of
researchers as a main managerial area of SMEs because of the role it played on the survival
and performance of SMEs. The author has done a literature review in the second section,
while the third analyzes the recent strategic financial management practices in Turkey. From
the analysis and finding, the research contributes to existing literature through an analysis of
financial management and the effect that strategic financial management practices has on
SMEs.
Evaluation: The author is an expert in the field of business management. Hande Karadag is
affiliated with Wharton School, University of Pennsylvania. In this institution, Karadag is
attached to the Sol C. Snider Entrepreneurial research center. The journals cover a wider
range of disciplines in business management, which makes them compressive in term of
information used to confirm the study. The author has sought the aid of peer-reviewed
sources that are academic and within ten years of publication, which makes the information
good.