Model of business risks and their impact on operational performance of SMEs
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F22%3A63534418" target="_blank" >RIV/70883521:28120/22:63534418 - isvavai.cz</a>
Result on the web
<a href="https://www.tandfonline.com/doi/full/10.1080/1331677X.2021.2010111" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/1331677X.2021.2010111</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/1331677X.2021.2010111" target="_blank" >10.1080/1331677X.2021.2010111</a>
Alternative languages
Result language
angličtina
Original language name
Model of business risks and their impact on operational performance of SMEs
Original language description
Risks can negatively affect not only internal processes within a company and business results but also managerial decisions. One of the preconditions for sound decision-making would be the identification of specific risks. The primary goal of this paper is to create a structural model for exploring the interrelationships among sources of business risks and the operational performance of SMEs. A survey was conducted in 1,781 SMEs from selected Central European countries. CFA (Confirmatory Factor Analysis) was used to check the reliability and validity of the model. The Cronbach's alpha test was used to assess the internal consistency of data collection instruments. For measurement of sample adequacy, Kaiser-Meyer-Olkin (KMO) test was used. The model presented in this paper provides a tool for identifying the interrelationships among sources of business risks, operational performance and the market position. The model can help managers of SMEs focus on specific areas of their business that should not be ignored in decision-making processes.
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
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Economic Research-Ekonomska Istrazivanja
ISSN
1331-677X
e-ISSN
1848-9664
Volume of the periodical
35
Issue of the periodical within the volume
1
Country of publishing house
GB - UNITED KINGDOM
Number of pages
19
Pages from-to
4047-4064
UT code for WoS article
000727160900001
EID of the result in the Scopus database
2-s2.0-85121300481