EFFECT OF CSR IMPLEMENTATION AND CRISIS EVENTS IN BUSINESS ON THE FINANCIAL MANAGEMENT OF SMES
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F23%3AN0000010" target="_blank" >RIV/04130081:_____/23:N0000010 - isvavai.cz</a>
Alternative codes found
RIV/70883521:28120/23:63563618
Result on the web
<a href="https://journals.vilniustech.lt/index.php/TEDE/article/view/19821/11878" target="_blank" >https://journals.vilniustech.lt/index.php/TEDE/article/view/19821/11878</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3846/tede.2023.19821" target="_blank" >10.3846/tede.2023.19821</a>
Alternative languages
Result language
angličtina
Original language name
EFFECT OF CSR IMPLEMENTATION AND CRISIS EVENTS IN BUSINESS ON THE FINANCIAL MANAGEMENT OF SMES
Original language description
The financial management of a business is an integral part of strategic management. Small and medium-sized enterprises (SMEs) are vulnerable to the presence of crisis events in the business environment. In this context, senior managers and owners need to react promptly to emerging changes in a given business segment. The aim of the article is to quantify the effect of crisis events in business and firm’s CSR implementation in business on the financial performance in the SMEs. The empirical research incorporated 1,090 SMEs in the business environment of four Central European countries. The research hypotheses were evaluated using structural equation modelling. The empirical findings confirmed the positive impact of CSR implementation in the enterprise on its financial management. The research results did not confirm the negative effects of crisis events in business on the financial management. Crisis phenomena have direct effects on the sustainability of the enterprise; the organizational activities of the enterprise; the functioning of the enterprise in the market and the management of the enterprise. The findings are used as a basis for the preparation of strategic projects of national and international policies helping to cope with crisis phenomena in the business environment of the SME segment.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50204 - Business and management
Result continuities
Project
—
Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY
ISSN
2029-4913
e-ISSN
2029-4921
Volume of the periodical
29
Issue of the periodical within the volume
5
Country of publishing house
LV - LATVIA
Number of pages
24
Pages from-to
1496-1519
UT code for WoS article
001075538500006
EID of the result in the Scopus database
2-s2.0-85174936219