Risk Perception Differences between Micro-, Small and Medium Enterprises

• Autorzy: Jaroslav Belás , Přemysl Bartoš , Aleksandr Ključnikov , Jiří Doležal
• Języki publikacji: EN

Abstrakty

EN

The aim of this article is to define and compare the major determinants of financial and credit risks between micro-, small and medium enterprises. The research of entrepreneurs' opinions about business environment in Czech Republic was carried out in 2015. We found that financial risk intensively impacts business environment, while only a small group of entrepreneurs stated they are able to properly manage those risks. Entrepreneurs agreed that the importance of credit risk increased during the crisis. Small and medium enterprises demonstrated better knowledge of credit conditions of commercial banks and gave more positive assessment of the transparency of these conditions as compared to micro-enterprises. (original abstract)

Słowa kluczowe

EN

Small business; Micro-enterprise; Risk management; Financial risk; Credit capacity; Risk perception

PL

Małe i średnie przedsiębiorstwa; Mikroprzedsiębiorstwo; Zarządzanie ryzykiem; Ryzyko finansowe; Zdolność kredytowa; Postrzeganie ryzyka

• Czasopismo: Journal of International Studies
• Rocznik: 2015
• Tom: 8
• Numer: nr 3
• Strony: 20--30

Twórcy

autor

Jaroslav Belás

• Tomas Bata University in Zlín, Czech Republic

autor

Přemysl Bartoš

• Tomas Bata University in Zlín, Czech Republic

autor

Aleksandr Ključnikov

• University of Business and Law, Ostrava, Czech Republic

autor

Jiří Doležal

• Tomas Bata University in Zlín, Czech Republic

Bibliografia

• Behr, P., Guettler, A. (2007). Credit Risk Assessment and Relationship Lending: An Empirical Analysis of German Small and Medium-Sized Enterprises. Journal of Small Business Management 45(2): 194-213.
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• Belás, J. a kol. (2014). Podnikateľské prostredie malých a stredných firiem v Českej a Slovenskej republike. Žilina: Georg.
• Belás, J., Bartoš, P., Hošták, P., Hlawiczka, R., Demjan, V. (2014). Determinants of credit risk of SMEs in the banking sector of the Czech Republic and Slovakia. Proceedings of the 19th Annual International Konference on Macroeconomic Analysis and International Finance, May 29.-31., Rethymno, Greece.
• Belás, J., Bartoš, P., Habánik, J., Novák, P. (2014), Signifi cant Attributes of the Business Environment in Small and Meduim-Sized Enterprises, Economics and Sociology, Vol. 7, No 3, pp. 22-39. DOI: 10.14254/2071-789X.2014/7-3/2
• Blazy, R., Weill, L., (2013). Why do Banks Ask for Collateral in SME lending? Applied Financial Economics, Vol. 23(13), pp. 1109-1122.
• Bruns, V., Fletcher, M. (2008). Banks's Risk Assessment to Swedish SME's. Venture Capital, Vol. 10(2), pp. 171-194.
• CFO.(2013).Risk manažment: najväčšie riziká, ktorým čelia európske firmy. Avalable at: http://www.cfo.sk/articles/riskmanazment-najvacsie-rizika-ktorym-celia-europske-firmy

Identyfikatory

DOI

10.14254/2071-8330.2015/8-3/2