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Assessing The Market, Financial And Economic Risk Sources By Czech And Slovak Smes

Author

Listed:
  • Jan Dvorsky

    (Tomas Bata University in Zlín, Faculty of Management and Economics, Department of Business Administration Zlín, Czech Republic)

  • Zora Petrakova

    (Faculty of Civil Engineering, Slovak University of Technology, Institute for Forensic Engineering, Slovak Republic)

  • Jiri Polach

    (Institute of Entrepreneurship and Marketing, University of Entrepreneurship and Law, Czech Republic)

Abstract

The market, economic and financial risks are the most important risks, which determine the quality and performance of small and medium sizes enterprises. The main objective of the article is to evaluate the most important sources of market, economic and financial risk between Slovak and Czech SMEs according gender and size of enterprise. The questionnaires of 895 entrepreneurs were collected and prepare on evaluating in the year 2018. The statistical hypotheses were accepted through the mathematical method as is Z-score. The gender of entrepreneur and size of enterprises between Slovak and Czech entrepreneurs is a significant factor of evaluating the sources of economic risk, as is development of the tax and insurance burden; weak availability of the financial resources (loans, foundations); development of the interest rates; growing prices of all types of energy. According to the evaluation of entrepreneurs, the intensity of sources of economic risk in Slovak business environment is higher than in Czech business environment.

Suggested Citation

  • Jan Dvorsky & Zora Petrakova & Jiri Polach, 2019. "Assessing The Market, Financial And Economic Risk Sources By Czech And Slovak Smes," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 7(2), pages 30-40, December.
    • Handle: RePEc:jek:journl:v:7:y:2019:i:2:p:30-40
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    References listed on IDEAS

    as
    1. Maria Hudakova & Jan Dvorsky, 2018. "Assessing the risks and their sources in dependence on the rate of implementing the risk management process in the SMEs," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 13(3), pages 543-567, September.
    2. Elena Petrenko & Nurlan Iskakov & Oleg Metsyk & Tatyana Khassanova, 2017. "Ecosystem of entrepreneurship: risks related to loss of trust in stability of economic environment in Kazakhstan," Post-Print hal-01724560, HAL.
    3. Eva Koisova & Jozef Habanik & Zuzana Virglerova & Zoltan Rozsa, 2017. "SMEs Financing as an Important Factor of Business Environment in Slovak Republic Regions," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(2), pages 129-140.
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    5. repec:mje:mjejnl:v:12:y:2017:i:2:p:151-161 is not listed on IDEAS
    6. Maria Hudakova & Jaroslav Schonfeld & Jan Dvorsky & Maria Luskova, 2017. "The Market Risk Analysis and Methodology of its More Effective Management in Smes in the Slovak Republic," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(2), pages 151-161.
    7. Judit Oláh & Sándor Kovács & Zuzana Virglerova & Zoltán Lakner & Maria Kovacova & József Popp, 2019. "Analysis and Comparison of Economic and Financial Risk Sources in SMEs of the Visegrad Group and Serbia," Sustainability, MDPI, vol. 11(7), pages 1-19, March.
    8. Yelena Petrenko & Nurlan Iskakov & Oleg Metsyk & Tatyana Khassanova, 2017. "Ecosystem of entrepreneurship: risks related to loss of trust in stability of economic environment in Kazakhstan," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(1), pages 105-115, September.
    9. Karpak, Birsen & Topcu, Ilker, 2010. "Small medium manufacturing enterprises in Turkey: An analytic network process framework for prioritizing factors affecting success," International Journal of Production Economics, Elsevier, vol. 125(1), pages 60-70, May.
    10. Leon, Florian, 2015. "Does bank competition alleviate credit constraints in developing countries?," Journal of Banking & Finance, Elsevier, vol. 57(C), pages 130-142.
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    Cited by:

    1. Zuzana Virglerova & Eva Ivanova & Jan Dvorsky & Jaroslav Belas & Tomáš Krulický, 2021. "Selected factors of internationalisation and their impact on the SME perception of the market risk," Oeconomia Copernicana, Institute of Economic Research, vol. 12(4), pages 1011-1032, December.
    2. Fonseca Cristina & Meneses Raquel, 2020. "Motivations for Coopetition Strategies between Banks and Fintechs," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 282-293, July.

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