Management of Operational Risk in the Context of Financial Performance 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%3AN0000013" target="_blank" >RIV/04130081:_____/23:N0000013 - isvavai.cz</a>
Alternative codes found
RIV/70883521:28120/23:63565278
Result on the web
<a href="https://www.mdpi.com/2079-8954/11/8/408" target="_blank" >https://www.mdpi.com/2079-8954/11/8/408</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/systems11080408" target="_blank" >10.3390/systems11080408</a>
Alternative languages
Result language
angličtina
Original language name
Management of Operational Risk in the Context of Financial Performance of SMEs
Original language description
Owners and managers of small and medium-sized enterprises (SMEs) have changed their perspective on risk management due to the current global negative threats in the business environment. If they want to be successful and ensure the financial performance of their business, they must adopt a proactive approach to reducing strategic risks in connection with operational risks. The aim of the article is to identify and quantify the differences in operational risk management and its effect on the financial management of SMEs between four Central European countries. The statistical sample of SMEs consisted of 1090 owners and top managers. Data collection was carried out through a questionnaire in the period December 2022–January 2023. Statistical hypotheses were evaluated with the application of correlation analysis and linear regression modelling. Empirical findings have confirmed that operational risk management has a significant positive impact on improving the profitability of the enterprise and on reducing the enterprise’s indebtedness, as well as in the context of reducing the enterprise’s inability to pay its obligations. However, there are disparities in the perception of this influence between owners/managers with regard to the country in which they carry out their business activities. The findings are important for both national and multinational organizations and entities dealing with risk management in the business environment of small and medium-sized enterprises.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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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
Systems
ISSN
2079-8954
e-ISSN
2079-8954
Volume of the periodical
11(8)
Issue of the periodical within the volume
408
Country of publishing house
CH - SWITZERLAND
Number of pages
16
Pages from-to
1-16
UT code for WoS article
001056033900001
EID of the result in the Scopus database
2-s2.0-85169126707