Analysis and Comparison of Economic and Financial Risk Sources in SMEs of the Visegrad Group and Serbia
By Judit Olah, S. Kovács, Zuzana Virglerová, Z. Lakner, M. Kováčová, József Popp. Sustainability, 2019
118 citations recorded by the source corpus.
Risk management is one of the most important internal process, not only in large companies but also in small and medium-sized enterprises (SMEs). To identify the source of risk can be crucial in all companies. The primary objective of this study is to analyze and compare the economic and financial risk sources in SMEs of the V4 (Visegrad Group: Czech Republic, Hungary, Poland and Slovakia) and Serbia, in the context of the business environment of the countries analyzed. To achieve this goal, a questionnaire-based survey was carried out involving 2110 SMEs from Hungary, Poland, Slovakia, the Czech Republic, and Serbia. The questionnaire included questions about the importance of risks and the concept of risk management in the company. To test the formulated hypotheses, the following statistical tools were used: contingency tables, a Z-value, and a general non-hierarchical log-linear model with three categorical variables and a continuous covariate. Finally, the differences among V4 countries and Serbia were identified. Serbia is more vulnerable to the financial risk sources studied than the V4 countries. The result of the research shows that insufficient profit is more hazardous compared to the other risk sources and all countries are more vulnerable in in this issue. The article concludes with a discussion and a comparison with previous international researches.
Subfields: Accounting, Economics and Econometrics, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/5f1c796561c1af81f96f91a199f474e9bbc18827
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
In Economics and Econometrics
Citations in the corpus
- How Does Financial Literacy Promote Sustainability in SMEs? A Developing Country Perspective (2019, background): “SMEs in emerging markets have to deal with more challenging economic conditions than developed markets and most of them are struggling to survive [6].”
- Business risk management in the context of small and medium-sized enterprises (2020, background): “The level of financial risk must be assessed in terms of the risk performance in a company towards successful financial risk management decisions because risk is considered an integral part of a company’s business (Olah et al., 2019).”