The Perception of Business Risks by SMEs in the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63525798" target="_blank" >RIV/70883521:28120/20:63525798 - isvavai.cz</a>
Result on the web
<a href="https://businessperspectives.org/journals/problems-and-perspectives-in-management/issue-350/business-risks-and-their-impact-on-business-future-concerning-the-entrepreneur-s-experience-with-business-bankruptcy-case-of-czech-republic" target="_blank" >https://businessperspectives.org/journals/problems-and-perspectives-in-management/issue-350/business-risks-and-their-impact-on-business-future-concerning-the-entrepreneur-s-experience-with-business-bankruptcy-case-of-czech-republic</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.cebr.250" target="_blank" >10.18267/j.cebr.250</a>
Alternative languages
Result language
angličtina
Original language name
The Perception of Business Risks by SMEs in the Czech Republic
Original language description
This article aims to find out which business risks determine the perception of the business environment of small and medium-sized enterprises (SME) in the future. 454 SMEs from the Czech Republic participated in the case study by filling in an online questionnaire. Linear regression models were used to verify statistically significant causal relationships between selected indicators of business risks and respondents' perception of the future of business. The results show that selected indicators of the market, financial, personnel, legal and operational risk determine the perceived future of business. Strategic risk indicators do not significantly affect the perceived future of business. The most important indicators: market risk — adequacy of sales of products and services; financial risk — an indicator of the company's financial performance; personnel risk — an indicator of employees' initiative to increase performance; legal risk — an indicator of respondents' ability to understand the basic legal aspects and operational risk — an indicator of the use of company capacities. All the indicators from above have a positive effect on the future perception of the company. Implications for Central European audience: The attitudes of small and medium-sized enterprises represent a certain degree of subjectivity (human factor), which does not always reflect the real position of the enterprise. However, it is the main representatives of SMEs (owners and top managers) who try to manage business risks to have a more positive perception of their future in the business environment in the Czech Republic. The results based on the business environment of the Czech Republic are important not only for the owners of SMEs, but also for state and non-profit institutions dealing with various forms of SME support.
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
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
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
Central European Business Review
ISSN
1805-4854
e-ISSN
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Volume of the periodical
9
Issue of the periodical within the volume
5
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
20
Pages from-to
25-44
UT code for WoS article
000601181100002
EID of the result in the Scopus database
2-s2.0-85099333960