The influence of selected financial factors on the survival of SMES in V4 countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63566238" target="_blank" >RIV/70883521:28120/23:63566238 - isvavai.cz</a>

Result on the web

<a href="https://www.businessperspectives.org/index.php/journals/investment-management-and-financial-innovations/issue-443/the-influence-of-selected-financial-factors-on-the-survival-of-smes-in-v4-countries" target="_blank" >https://www.businessperspectives.org/index.php/journals/investment-management-and-financial-innovations/issue-443/the-influence-of-selected-financial-factors-on-the-survival-of-smes-in-v4-countries</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.21511/imfi.20(4).2023.36" target="_blank" >10.21511/imfi.20(4).2023.36</a>

Result language

angličtina

Original language name

The influence of selected financial factors on the survival of SMES in V4 countries

Original language description

Small and medium-sized enterprises (SMEs) play a crucial role in the global econo- my. This article examines SMEs’ financial management attitudes in the Visegrad Four countries, aiming to understand how these attitudes impact the firms’ long-term sus- tainability. The empirical study, conducted in June 2022, involved 1,398 respondents, comprising owners or top managers of SMEs from V4 countries. The research explores various facets of the long-term viability of companies over the next five years. Central to the investigation is understanding how managerial comprehension of critical finan- cial management aspects, the willingness to embrace financial risks, and effective risk management contribute to a company’s enduring success. Additionally, the study as- sesses how a positive evaluation of a company’s financial performance correlates with its overall longevity in the business landscape.Results indicate that financial management significantly influences SME stability in the medium term. Factors positively affecting SME stability include a proper understand- ing and management of financial risks, along with a positive assessment of the com- pany’s financial activities. Correlation analysis suggests that the perception of business continuity over a 5-year horizon moderately depends on understanding key financial management aspects, accepting financial risks as part of daily operations, and adeptly managing them. A positive vision of V4 SME management regarding their own future emerged as a crucial factor in the study. In conclusion, the article underscores the importance of effective financial management practices, risk comprehension, and posi- tive self-assessment for SMEs to achieve sustained stability in the dynamic business landscape.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50206 - Finance

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

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

Name of the periodical

Investment Management and Financial Innovations

ISSN

1810-4967

e-ISSN

1812-9358

Volume of the periodical

20

Issue of the periodical within the volume

4

Country of publishing house

UA - UKRAINE

Number of pages

10

Pages from-to

467-476

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85182369823