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    Wyświetlanie 1-8 z 8
    Tytuł:
    Assessing the risks and their sources in dependence on the rate of implementing the risk management process in the SMEs
    Autorzy:
    Hudáková, Mária
    Dvorský, Ján
    Powiązania:
    https://bibliotekanauki.pl/articles/22446535.pdf
    Data publikacji:
    2018
    Wydawca:
    Instytut Badań Gospodarczych
    Tematy:
    risk
    risk source
    risk management
    risk assessment
    small and medium-sized enterprise (SME)
    Opis:
    Research background: The managers have a key position in process of management risk. The managers are able to implement the risk management process in the companies with an emphasis on preventing the company crises using the appropriate methods and tools for the early identification of the changes if the entrepreneurial environment develops negatively. Does a manager have enough knowledge and awareness about the potential risk sources in company? Purpose of the article: The essence of this article is to assess the sources of the market, economic, financial, operational, HR, security and legal risk depending on the rate of implementing the risk management process in the small and medium-sized enterprises (SMEs). Methods: We realized the risk assessment process on the basis of evaluations by 487 man-agers who gave their opinions to selected risks and their sources in the SMEs in Slovakia. Subsequently, we utilized the methods and tools of the mathematical statistics (descriptive statistics, comparison, Z-score for 2 population proportions, Chi-squared test for 5 x 2 contingency table). Findings & Value added: The strongest dependence perceived by the SME-entrepreneurs lies between the development of the tax and insurance burdens as the source of the economic risk and the criterion of the ?level of the risk management in the company?. The overall results of the empirical research underline the significance and importance of dealing with the assessment of the key risks and their sources in the Slovak SMEs. The results having been processed are the basic material for the professional public and other organizations whose effort is to help the companies in an effective implementation of the risk management process in the Slovak enterprises.
    Źródło:
    Equilibrium. Quarterly Journal of Economics and Economic Policy; 2018, 13, 3; 543-567
    1689-765X
    2353-3293
    Pojawia się w:
    Equilibrium. Quarterly Journal of Economics and Economic Policy
    Dostawca treści:
    Biblioteka Nauki
    Artykuł
    Tytuł:
    The budgeting processes of Czech companies: the role of the ownership structure and foreign capital
    Autorzy:
    Dokulil, Jiří
    Popesko, Boris
    Dvorský, Ján
    Powiązania:
    https://bibliotekanauki.pl/articles/19233605.pdf
    Data publikacji:
    2020
    Wydawca:
    Instytut Badań Gospodarczych
    Tematy:
    budgeting
    planning
    budgeting process
    impact of foreign capital
    Opis:
    Research background: The study investigates the initial phase of budgeting process conducted in corporations. The basic concept correlates with findings in scientific literature that describe budgeting as an inefficient tool, burdened by considerable regulation in the preparation and compilation stages. As a consequence, the majority of academics and practitioners have concluded that producing a budget is merely a formality that minimizes wrinkles on the faces of their initiators, while reaping debatable benefits for managerial control. Purpose of the article: This paper compares data from the literature with the actual budgetary practices of companies operating in the Czech Republic. The attention was paid to the detailed aspects of the budgeting process, factors affecting the time it takes to prepare a budget, and the impact of ownership structure, especially the role of foreign ownership and foreign capital, on the level of decentralization in the budgeting process. Methods: The authors examined these topics through a questionnaire completed by 136 respondents, primarily industrial companies based in the country. The subsequent hypotheses were assessed via application of the Z-test. Findings & Value added: The results presented show that the budgeting practices of the Czech firms are not only influenced by traditional factors (e.g. the size of the company and its given economic sector), but also certain other aspects. Essential facets comprise the ownership structure and the share of foreign capital involved, the latter affecting the extent of autonomy of the business as to the budgetary process. This submitted paper can extend the current theory with new findings on the specific nature of budgeting in post-socialist countries with an open economy and the significant influx of foreign capital.
    Źródło:
    Oeconomia Copernicana; 2020, 11, 4; 779-798
    2083-1277
    Pojawia się w:
    Oeconomia Copernicana
    Dostawca treści:
    Biblioteka Nauki
    Artykuł
    Tytuł:
    The impact of corporate reputation and social media engagement on the sustainability of SMEs: Perceptions of top managers and the owners
    Autorzy:
    Dvorský, Jan
    Bednarz, Joanna
    Blajer-Gołębiewska, Anna
    Powiązania:
    https://bibliotekanauki.pl/articles/22397827.pdf
    Data publikacji:
    2023
    Wydawca:
    Instytut Badań Gospodarczych
    Tematy:
    small and medium-sized enterprises (SMEs)
    corporate reputation
    social media
    enterprise sustainability
    V4 countries
    Opis:
    Research background: Small and medium-sized enterprises (SMEs) play a fundamental role in countries’ economies. Currently, entrepreneurs are struggling not only with the uncertainty of the business environment, but also with high expectations for businesses to be run in a sustainable way. Therefore, the impact of corporate reputation and social media on sustainability is an area of interest for entrepreneurs. In this context, little research has been conducted on their perception of the linkage between these issues. Furthermore, there has been no direct explanation of the effects of SMEs’ reputation and social media usage on their sustainable development, especially in the V4 countries. Purpose of the article: This article defines, quantifies, and verifies the effects of corporate reputation and social media on sustainable development as perceived by SMEs’ owners and top managers in the V4 countries. Methods: Data were gathered in December 2022 and January 2023 using the computer-assisted web interviewing (CAWI) method. The survey was designed based on a literature review and experts’ opinions. Respondents (top managers of SMEs, n = 1090) were asked questions on their firms’ characteristics, reputation, social media usage and sustainable development. The linear regression modelling (LRM) was utilised to evaluate the hypothesis. Findings & value added: The study revealed a strong relationship between owners’ and top managers’ perceptions of the importance of both corporate reputation and sustainable development in SMEs. The belief that social media supports the growth of companies’ performance is related to the understanding of the concept of sustainable business development. Surprisingly, for the owners and top managers of SMEs in V4 countries, there was no relationship between the awareness of social media usage to share information with customers and partners and the understanding of sustainable business growth.
    Źródło:
    Equilibrium. Quarterly Journal of Economics and Economic Policy; 2023, 18, 3; 779-811
    1689-765X
    2353-3293
    Pojawia się w:
    Equilibrium. Quarterly Journal of Economics and Economic Policy
    Dostawca treści:
    Biblioteka Nauki
    Artykuł
    Tytuł:
    Entrepreneurial propensity index of university students. The case study from the Czech Republic, Slovakia and Poland
    Autorzy:
    Dvorský, Ján
    Petráková, Zora
    Zapletalíková, Eliška
    Rózsa, Zoltán
    Powiązania:
    https://bibliotekanauki.pl/articles/19090899.pdf
    Data publikacji:
    2019
    Wydawca:
    Instytut Badań Gospodarczych
    Tematy:
    entrepreneurship
    university student
    entrepreneurial propensity
    Opis:
    Research background: Promotion of the entrepreneurship has an important role in the society, and the direct relationship between entrepreneurship and economic growth of the country is proven. Universities education should be one of the pillars to build the business environment and the entrepreneurial propensity of the students in the entrepreneurship. Purpose of the article: The paper aimed to define and quantify significant factors that shape the entrepreneurial propensity of university students and create the entrepreneurial propensity index. A part of this aim was a comparison of defined factors in the Czech Republic (CR), Slovakia (SR) and Poland (PL). Methods: The survey-based research was conducted with students in the last year of their economic studies on the universities. 1,352 students from 25 universities in selected countries were approached during research. A custom Entrepreneurial Propensity Index was created that was implemented separately for CR, SR and PL. Findings & Value added: The research brought interesting findings. The aggregated Entrepreneurial Propensity Index in the Czech Republic reached the value of 0.470, which was higher than that of Slovakia (0.424) and Poland (0.412). The evaluation of the quality of university education is similarly positive in all countries (CR: 0.659, PL: 0.589, SR: 0.592). Czech students gave access to the financial resources and the role of macroeconomic environment got a higher rating than Slovak and Polish students. On the contrary, Poland students gave the social environment and business advantages a higher rating than Czech and Slovak students. The evaluation of the personality traits is more positive in Slovakia. The most positive indicator for all students is that doing business enables to make use of own abilities and own solutions.
    Źródło:
    Oeconomia Copernicana; 2019, 10, 1; 173-192
    2083-1277
    Pojawia się w:
    Oeconomia Copernicana
    Dostawca treści:
    Biblioteka Nauki
    Artykuł
    Tytuł:
    Perception of non-financial risk determinants in SMEs in Visegrad countries
    Autorzy:
    Virglerova, Zuzana
    Dvorsky, Jan
    Kozubikova, Ludmila
    Cepel, Martin
    Powiązania:
    https://bibliotekanauki.pl/articles/19233541.pdf
    Data publikacji:
    2020
    Wydawca:
    Instytut Badań Gospodarczych
    Tematy:
    non-financial risks
    legal risk
    safety risk
    SMEs
    Visegrad Group
    Opis:
    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 safety 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.
    Źródło:
    Oeconomia Copernicana; 2020, 11, 3; 509-529
    2083-1277
    Pojawia się w:
    Oeconomia Copernicana
    Dostawca treści:
    Biblioteka Nauki
    Artykuł
    Tytuł:
    Impact of selected economic factors on the business environment : the case of selected East European countries
    Wpływ wybranych czynników gospodarczych na otoczenie biznesowe na przykładzie wybranych krajów Europy Wschodniej
    Autorzy:
    Dvorský, Ján
    Gavurová, Beáta
    Čepel, Martin
    Červinka, Michal
    Powiązania:
    https://bibliotekanauki.pl/articles/2021574.pdf
    Data publikacji:
    2020
    Wydawca:
    Politechnika Częstochowska
    Tematy:
    economic factors
    SMEs
    transport
    service
    quality of business environment
    czynniki ekonomiczne
    MŚP
    usługi
    jakość otoczenia biznesowego
    Opis:
    The article aims to identify and quantify significant economic factors that determine the quality of the business environment in small and medium-sized enterprises (SMEs) in the transport and services segment. The case study was carried out on a sample of 258 companies in the Czech Republic and Slovakia. Statistical methods, such as regression analysis and correlation analysis, were used to evaluate empirical data. These statistical methods test and verify several statistical hypotheses formulated. The results of the case study brought interesting findings. Findings showed the impact of the macroeconomic environment on the quality of the business environment. Conversely, monetary policy and interest rates, corporate finance, and population’s consumption do not affect the quality of the business environment in the transport and services segment. The results also represent an essential basis for organizations supporting the business environment or for state institutions in the creation of materials for improving services or transport in the selected countries.
    Artykuł ma na celu identyfikację i kwantyfikację istotnych czynników ekonomicznych, które determinują jakość otoczenia biznesowego w małych i średnich przedsiębiorstwach (MŚP) w segmencie transportu i usług. Studium przypadku zostało przeprowadzone na próbie 258 firm w Czechach i na Słowacji. Do oceny danych empirycznych zastosowano metody statystyczne, takie jak analiza regresji i analiza korelacji. Te metody statystyczne testują i weryfikują kilka sformułowanych hipotez statystycznych. Wyniki studium przypadku przyniosły interesujące ustalenia. Wyniki pokazały wpływ otoczenia makroekonomicznego na jakość otoczenia biznesowego. I odwrotnie, polityka pieniężna i stopy procentowe, finanse przedsiębiorstw i konsumpcja ludności nie wpływają na jakość otoczenia biznesowego w segmencie transportu i usług. Wyniki stanowią również istotną podstawę dla organizacji wspierających otoczenie biznesu lub dla instytucji państwowych w tworzeniu materiałów do doskonalenia usług lub transportu w wybranych krajach.
    Źródło:
    Polish Journal of Management Studies; 2020, 22, 2; 96-110
    2081-7452
    Pojawia się w:
    Polish Journal of Management Studies
    Dostawca treści:
    Biblioteka Nauki
    Artykuł
    Tytuł:
    Selected factors of internationalisation and their impact on the SME perception of the market risk
    Autorzy:
    Virglerova, Zuzana
    Ivanova, Eva
    Dvorsky, Jan
    Belas, Jaroslav
    Krulický, Tomáš
    Powiązania:
    https://bibliotekanauki.pl/articles/19233723.pdf
    Data publikacji:
    2021
    Wydawca:
    Instytut Badań Gospodarczych
    Tematy:
    internationalisation
    market risk
    small and medium-sized enterprises
    the Visegrad Four
    Opis:
    Research background: Internationalisation of entrepreneurial activities provides an ample opportunity for the growth and sustainability of small and medium-sized enterprises (SMEs). When making their business activities international, SMEs are facing various obstacles. Investigating the key factors of internationalisation and their impact on SME decision making constitutes a key factor of the research work. Purpose of the article: The main purpose of the paper is to examine the impact of selected factors of SME internationalisation on the positive perception of the market risk. Higher export costs, differences in legal environment, taxes, and linguistic and cultural differences were set to be the significant factors influencing the positive perception of the market risk. Bearing the main purpose in mind, the Visegrad Four (V4 - Czech Republic, Slovakia, Poland, Hungary) were examined. Methods: The questionnaire in mother tongue of each country in online and paper form was used. The questionnaire consists of 77 questions divided into several sections. Likert five-point scale was used to allow the respondents to express their opinion. In total, 1585 responses were completed. A regression analysis was used to verify the statistical significance of the independent variables and to quantify the causal relationships (determining the direction and strength of the effect) on the dependent variable. As the variables are of one metric, a linear regression model (LRM) was selected to validate the hypothesis. Findings & value added: The internationalisation of SME activities brings along many risks and barriers that SMEs need to overcome if they want to enter international markets. Many SMEs consider the barriers and restrictions to enter foreign markets to be severe. Therefore, they decide to do their business domestically. It was established in the research that only 30.2% of the respondents expanded their business activities internationally. The biggest impact on the positive assessment of the market risk was found to have linguistic and cultural differences. They do not have a negative effect on the positive perception of the market risk, so they do not hinder SMEs in their international expansion. The second most important was the factor of the export costs. The factor of possible increased costs is quite important for SMEs in making their decisions whether to expand internationally or not. This factor also shapes a positive approach to assessing the market risk by SMEs. In the research, SMEs confirmed that potential higher costs do not represent a major barrier for them in shaping their attitudes towards the market risk. The remaining factors being analysed, namely differences in legal environment and taxes, did not have a significant impact on the positive assessment of the market risk internationally. The practical implications can be found in new information about market risk in process of internationalisation provided from four selected countries.
    Źródło:
    Oeconomia Copernicana; 2021, 12, 4; 1011-1032
    2083-1277
    Pojawia się w:
    Oeconomia Copernicana
    Dostawca treści:
    Biblioteka Nauki
    Artykuł
    Tytuł:
    SMEs sustainability: The role of human resource management, corporate social responsibility and financial management
    Autorzy:
    Belas, Jaroslav
    Dvorsky, Jan
    Hlawiczka, Roman
    Smrcka, Lubos
    Khan, Khurram Ajaz
    Powiązania:
    https://bibliotekanauki.pl/articles/39833487.pdf
    Data publikacji:
    2024
    Wydawca:
    Instytut Badań Gospodarczych
    Tematy:
    financial management
    human resource management
    corporate social responsibility
    SMEs
    sustainability
    Opis:
    Research background: The sustainability of small- and medium-sized enterprises (SMEs) represents a significant scientific and professional problem in the current turbulent period because these enterprises play an important role in any country’s economic and social systems. Purpose of the article: This paper aimed to define the significant sustainability factors of small and medium-sized enterprises and to quantify their impact and importance on the sustainability of SMEs. The areas of Human Resource Management, Corporate Social Responsibility, and financial management were defined as significant sustainability factors. Methods: Empirical research, on which the scientific hypotheses were formulated and evaluated, was conducted in June 2022 in V4 countries (Czech Republic, Slovak Republic, Poland, and Hungary) using a structured questionnaire. The study accumulated a sample of 1398 respondents. Data collection was conducted through an external agency, MN FORCE, operating in Central European countries. The Computer Assisted Web Interview (CAWI) method was used to record respondents’ perceptions. Descriptive statistics, correlation analysis, and linear regression analysis were used to evaluate the hypotheses. Findings & value added: The research showed that all defined factors in the areas of Human resource management (HRM), Corporate social responsibility (CSR), and financial management of the firm had an impact on defined sustainability attributes. The greatest impact was found on the firm’s financial management, followed by CSR and HRM. The empirical results confirm that the intensity of the independent variables varies across the V4 countries. These results also show that the intensity of the selected HRM, CSR, and financial management factors of a firm is higher in the integrated models than in the models for individual V4 countries. The research results have shown that a range of factors determine the right attitude towards the sustainability of companies. In this context, economic policymakers and entrepreneurs must perceive sustainable growth as complex and apply a systemic approach to its design and implementation.
    Źródło:
    Oeconomia Copernicana; 2024, 15, 1; 307-342
    2083-1277
    Pojawia się w:
    Oeconomia Copernicana
    Dostawca treści:
    Biblioteka Nauki
    Artykuł
      Wyświetlanie 1-8 z 8

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