The internationalization of SMEs in Central Europe and its impact on their methods of risk management

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63525639" target="_blank" >RIV/70883521:28120/20:63525639 - isvavai.cz</a>

Result on the web

<a href="https://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2931" target="_blank" >https://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2931</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.24818/EA/2020/55/792" target="_blank" >10.24818/EA/2020/55/792</a>

Result language

angličtina

Original language name

The internationalization of SMEs in Central Europe and its impact on their methods of risk management

Original language description

The international business environment is very competitive, and enterprises should be aware of how to manage business risks, which methods to choose, and what impact these risks have on the sustainability of these methods and on the whole system. The aim of this article is to analyse the impact of the internationalization of SMEs on risk management and define the differences in perceptions of the importance of sustainability regarding this system. Data from an extensive research study in V4 countries (Czech Republic, Hungary Slovakia, Poland) were analysed. Data were collected through on-line questionnaire in 2018, and a total of 1781 valid responses by SMEs were included in this research. To fulfil the research aim, three hypotheses were established. The odds ratio was calculated for the effect of company type (international x domestic) on the different individuals responsible for risk management. The Tarantula similarity measure was calculated to measure the strength and pairwise relationships between risk reducing strategies and risk management techniques. The Chi-Square test was applied to assess differences between variables. The results show that a specialized risk manager is authorized to deal with risk management in international companies more often than in domestic companies. There are also differences in the relationship between risk managing techniques and risk reducing strategies, depending on the presence of the business on international market. Companies in the international market are more focused on methods of risk management which support sustainability and their system of risk management has a more stable future. © 2020 Editura ASE Bucuresti.

Czech name

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Czech description

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Type

J_imp - 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

Project

—

Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2020

Confidentiality

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

Name of the periodical

Amfiteatru Economic

ISSN

1582-9146

e-ISSN

—

Volume of the periodical

22

Issue of the periodical within the volume

55

Country of publishing house

RO - ROMANIA

Number of pages

16

Pages from-to

792-807

UT code for WoS article

000560127700011

EID of the result in the Scopus database

2-s2.0-85090088776