Important characteristics of an entrepreneur in relation to risk taking: Czech Republic case study
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63517363" target="_blank" >RIV/70883521:28120/17:63517363 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.14254/2071-8330.2017/10-3/16" target="_blank" >http://dx.doi.org/10.14254/2071-8330.2017/10-3/16</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.14254/2071-8330.2017/10-3/16" target="_blank" >10.14254/2071-8330.2017/10-3/16</a>
Alternative languages
Result language
angličtina
Original language name
Important characteristics of an entrepreneur in relation to risk taking: Czech Republic case study
Original language description
New businesses arising at the market usually operate in the sector of small and medium-sized enterprises and account for a significant part of the whole global economy. Not only the success of a start-up company, but also its sequel within the SME sector are significantly influenced by entrepreneur's personality. The aim of this article is to explore the attitude to financial risk in relation to sociodemographic characteristics (gender, education, age) and the most important personality traits of entrepreneurs (risk-taking, decisiveness, optimism). We have analyzed the data collected from 1141 respondents during 2015 in 14 regions of Czech Republic. Empirical results of our paper show that the researched entrepreneurs rather can't manage financial risks in their firms regardless their gender, education, age or personality traits. Most entrepreneurs consider the importance of financial risk to increase during the crisis period. These opinions differed in relation to age, gender and such personality traits as "decisiveness" and "optimism". The results also show that the entrepreneurs try to minimise the financial risk through building-up reserves in relation to such qualities as "risk-taking" and "decisiveness" in comparison to a rather negative attitude to "optimism".
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - 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
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 International Studies
ISSN
2071-8330
e-ISSN
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Volume of the periodical
10
Issue of the periodical within the volume
3
Country of publishing house
PL - POLAND
Number of pages
14
Pages from-to
220-233
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85034860394