Perception of non-financial risk determinants in SMEs in Visegrad countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63525640" target="_blank" >RIV/70883521:28120/20:63525640 - isvavai.cz</a>
Result on the web
<a href="http://economic-research.pl/Journals/index.php/oc/article/view/1817" target="_blank" >http://economic-research.pl/Journals/index.php/oc/article/view/1817</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.24136/oc.2020.021" target="_blank" >10.24136/oc.2020.021</a>
Alternative languages
Result language
angličtina
Original language name
Perception of non-financial risk determinants in SMEs in Visegrad countries
Original language description
Research background: The identification of risks and their management is a key task of strategic management. The right and early identification of risk sources can help companies to survive not only during a crisis period. However, small and medium enterprises (SMEs) underestimate the necessity to analyze risks and implement the enterprise risk management (ERM). Purpose of the article: The primary aim of the contribution is to identify the most important non-financial risks and their causes in the V4 countries and to analyze the perception of these risks by SME owners. Methods: The results me basal on the sup, e conducted in 2018. The valid questionnaire of 1781 owners of SMEs from four countries was evaluated and analyzed to fulfil the main objective. The statistical hypotheses were con-firmed through statistical methods such as Z-score and Chi-square test. The SPSS Statistics was used for data evaluation. Findings & Value added: The results can be interesting not only, tor research organizations investigating the development of SMEs, but also for state institutions or private agencies seeking to adapt national support for SMEs. It was discovered that the entrepreneur's country is the most important factor for the perception of the sources of safety risk, legal risk, and other business risks. There are differences in managers' perception in case of other risk sources (corruption and clientelism) between entrepreneurs from the Czech Republic and other countries of the Visegrad Group. The SMEs' country of origin is an important factor for the evaluation of the source of non-financial risks (safety risk, legal risk and other business risks). Differences in the perception of safe-ty risk sources between entrepreneurs from the Czech Republic and Poland were confirmed. More than 25% of SMEs in the Visegrad Group perceive frequent changes of the legal regulation as a legal risk.
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
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Oeconomia Copernicana
ISSN
2083-1277
e-ISSN
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Volume of the periodical
11
Issue of the periodical within the volume
3
Country of publishing house
PL - POLAND
Number of pages
21
Pages from-to
509-529
UT code for WoS article
000571805000005
EID of the result in the Scopus database
2-s2.0-85093646990