The Effect of Business Environment and Entrepreneurs’ Gender on Perception of Financial Risk in The SMEs Sector
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63516522" target="_blank" >RIV/70883521:28120/17:63516522 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.7441/joc.2017.01.03" target="_blank" >http://dx.doi.org/10.7441/joc.2017.01.03</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7441/joc.2017.01.03" target="_blank" >10.7441/joc.2017.01.03</a>
Alternative languages
Result language
angličtina
Original language name
The Effect of Business Environment and Entrepreneurs’ Gender on Perception of Financial Risk in The SMEs Sector
Original language description
Small and medium-sized enterprises (SMEs) are crucial, and not only for the Czech economy. Their sustainable growth is important for the economy of most European countries. Because of this, the issues surrounding their financing, government support and public perception are widely discussed. The problems connected with external financing of SMEs are closely related to effective management of financial risk, which can minimize competition, create better financial structure and increase the firm’s competitiveness. Our results of the questionnaire survey in the Czech Republic in 2015 were obtained using Structural Equation Modelling (SEM) and revealed a factor which the male sample believed to be an important influence on the perception of financial risk is a bank’s approach to business. This factor is significantly influenced by knowledge, rules and principles including the knowledge of banks’ credit conditions, their transparency and the ability of entrepreneurs to manage financial risks. In the female sample, state and public perception showed to be much more important in the perception of financial risk. Male entrepreneurs mitigate financial risks through a bank’s assistance whereas female entrepreneurs emphasize the role of society.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Competitiveness
ISSN
1804-1728
e-ISSN
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Volume of the periodical
9
Issue of the periodical within the volume
1
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
15
Pages from-to
36-50
UT code for WoS article
000411798900004
EID of the result in the Scopus database
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