Business risks and their impact on business future concerning the entrepreneur's experience with business bankruptcy: Case of Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F20%3AN0000008" target="_blank" >RIV/04130081:_____/20:N0000008 - isvavai.cz</a>

Alternative codes found

RIV/70883521:28120/20:63525280

Result on the web

<a href="https://businessperspectives.org/index.php/journals/problems-and-perspectives-in-management/issue-350/business-risks-and-their-impact-on-business-future-concerning-the-entrepreneur-s-experience-with-business-bankruptcy-case-of-czech-republic" target="_blank" >https://businessperspectives.org/index.php/journals/problems-and-perspectives-in-management/issue-350/business-risks-and-their-impact-on-business-future-concerning-the-entrepreneur-s-experience-with-business-bankruptcy-case-of-czech-republic</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.21511/ppm.18(2).2020.34" target="_blank" >10.21511/ppm.18(2).2020.34</a>

Result language

angličtina

Original language name

Business risks and their impact on business future concerning the entrepreneur's experience with business bankruptcy: Case of Czech Republic

Original language description

The article aims to determine the difference in the perception of selected business risks and their impact on the future of business concerning the entrepreneur's experience with business bankruptcy. The case study involved 73 small and medium-sized enterprises (SMEs) with experience of business bankruptcy and 381 SMEs without the experience of business bankruptcy from the Czech Republic (CR). Linear regression models were used to verify statistically significant causal relationships between selected indicators of the most significant business risks and respondents' perceptions of the future of business. The results brought interesting findings. The attitudes of entrepreneurs show that personnel, market, and financial risk are among the three most significant business risks. Experience with business failure is not a significant factor in determining the impact of market indicators on the business's perceived future. The adequacy of sales of services and products has the greatest impact. The experience of the bankruptcy of SMEs is important in financial risk attitudes. According to entrepreneurs who have no experience with bankruptcy, the perception of financial performance has the greatest direct impact on the future of business. Conversely, for entrepreneurs who have experienced bankruptcy, the ability to properly manage financial risk on the company's future has the greatest direct impact. © 2020 LLC CPC Business Perspectives. All rights reserved.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Problems and Perspectives in Management

ISSN

1727-7051

e-ISSN

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Volume of the periodical

18

Issue of the periodical within the volume

2

Country of publishing house

UA - UKRAINE

Number of pages

13

Pages from-to

418-430

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85090617787