IDEAS home Printed from https://ideas.repec.org/a/ids/ijbglo/v17y2016i3p404-422.html
   My bibliography  Save this article

Key risk factors in internationalisation of Czech engineering small and medium-sized firms

Author

Listed:
  • Martina Toulová
  • Marcela Tuzová
  • Lucie Veselá

Abstract

In the Czech Republic, engineering industry is one of the most export-oriented industries and it contributes highly to the GDP growth. To be successful in internationalisation, the firms must be aware of risks they may encounter in foreign markets. However, the literature shows that risk management is not so developed in SMEs even though they are more exposed to risks and are more vulnerable than large multinational companies. This paper aims to identify the most important risk factors in foreign expansion of Czech engineering SMEs in order to determine what may be the greatest threat for them in the internationalisation process. Moreover, it deals with the risk management practices which these firms apply. The paper is processed on the basis of primary data collected via questionnaire survey among Czech engineering firms conducted in 2014. The risk matrix was applied in order to identify the key risk factors for engineering SMEs.

Suggested Citation

  • Martina Toulová & Marcela Tuzová & Lucie Veselá, 2016. "Key risk factors in internationalisation of Czech engineering small and medium-sized firms," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 17(3), pages 404-422.
    • Handle: RePEc:ids:ijbglo:v:17:y:2016:i:3:p:404-422
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=78840
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ferreira de Araújo Lima, Priscila & Crema, Maria & Verbano, Chiara, 2020. "Risk management in SMEs: A systematic literature review and future directions," European Management Journal, Elsevier, vol. 38(1), pages 78-94.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbglo:v:17:y:2016:i:3:p:404-422. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=245 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.