Differences in Innovativeness and Risk-taking between Microenterprises and SMEs: Czech Republic Case Study

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F16%3A43874300" target="_blank" >RIV/70883521:28120/16:43874300 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Differences in Innovativeness and Risk-taking between Microenterprises and SMEs: Czech Republic Case Study

Original language description

The aim of this article is to examine the approach to innovativeness and risk taking between microenterprises and others (small and medium-sized enterprises - SMEs) in the Czech Republic. EO is considered to be an important factor of the firm performance. The findings revealed that researched entrepreneurs consider innovation policy being part of corporate policy as important. 62% of them regularly develop new products and services in their companies, and 38% invested a lot of money into the development of new methods and technologies. The results regarding the approach to risk have shown that 28% of surveyed business owners can properly manage financial risks in their companies and 45% of them are trying to minimize the negative impact of financial risk by the creation of reserves. Statistically significant differences between micro enterprises and SMEs were found both in the approach to innovation and in risk-taking accept the evaluation of ability to manage financial risk.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2016

Confidentiality

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

Name of the periodical

Actual problems of economics

ISSN

1993-6788

e-ISSN

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Volume of the periodical

2016

Issue of the periodical within the volume

177/3

Country of publishing house

UA - UKRAINE

Number of pages

11

Pages from-to

167-177

UT code for WoS article

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EID of the result in the Scopus database

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