Articlegold2020

Perception of non-financial risk determinants in SMEs in Visegrad countries

Zuzana Virglerová · Ján Dvorský · Ľudmila Kozubíková · Martin Čepel

20 citations0/0 files storedOeconomia Copernicana

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Risk Management in Financial Firms Leadership, Behavior, and Decision-Making Studies Economic Systems and Logistics Management

Abstract

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 are based on the survey 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 for 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.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 20 citations exist upstream.

References

2007Private credit in 129 countries☆2011The influence of firm age and intangible resources on the relationship between entrepreneurial orientation and firm growth among Japanese SMEs 2013Small business performance: business, strategy and owner‐manager characteristics 2019Risk management in SMEs: A systematic literature review and future directions 2019Entrepreneurial orientation and SME international performance: The mediating role of networking capability and experiential learning 2011Entrepreneurship and SME growth: evidence from advanced and laggard transition economies 2018Culture, business environment and SMEs' profitability: Evidence from European Countries 2019The Impact of Internal, External and Enterprise Risk Management on the Performance of Micro, Small and Medium Enterprises

Cited by

2021Versatile capabilities for growth in the context of transforming countries: Evidence from Polish manufacturing companies 2021GENERATION DISPARITIES ON THE PERCEPTION OF SMEs BUSINESS RISKS 2023Weighting Risk Factors for Start-up Businesses in Small and Medium Enterprises: A qualitative approach and ATLAS ti procedure

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.