Magdaléna Freňáková graduated University of Economics in Bratislava, Faculty of Business Economy with seat in Kosice in 2004. Then she studied doctoral study at Faculty of Business Economy with seat in Kosice in years 2005 – 2008. She finished her studies with a dissertation thesis, which is entitled “Venture capital as specific source of business finance of small and medium sized enterprises in the Slovak Republic and in the chosen countries of the European Union”. She is now assistant professor at the Department of Corporate Financial Management at Faculty of Business Economy with seat in Kosice, where she teaches subjects Financial Management, Costing and Budgeting, Intracorporate controlling.