Evaluation of important credit risk factors in the SME segment

Dvorský, Ján; Schönfeld, Jaroslav; Kotásková, Anna; Petráková, Zora

doi:10.14254/2071-8330.2018/11-3/17

Cited by 13 publications

(11 citation statements)

References 34 publications

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“…Dobeš et al (2017) demonstrate entrepreneurs' very critical view of the state's role in the Czech Republic. Their results confirmed research conducted by Ključnikov et al (2016) and Dvorský et al (2018), who state that the business environment is affected not only by economic conditions but also by the assessment of state financial support and accessibility of external funding sources.…”

Section: Discussionsupporting

confidence: 84%

The impact of enterprise risk management on the performance of companies in transition countries: Serbia case study

Panić¹,

Veličković²,

Voza³

et al. 2019

JOP

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The market position of a company influences its performance. In hazard conditions, all the factors that determine a company's market position and business are exposed to risk. An effective program of enterprise risk management (ERM) decreases the level of risk and improves company performance. ERM is a process that identifies and evaluates all potential losses that can occur in business organizations and selects techniques that can handle and prevent such losses in accordance with the requirements of International Standard ISO 31000. In this paper, seven hypotheses are defined, on the basis of which a theoretical model is developed to examine how different sources of enterprise risk affect the operational performance of Serbian companies and their risk of losing market position.

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Section: Discussionsupporting

confidence: 84%

The impact of enterprise risk management on the performance of companies in transition countries: Serbia case study

Panić¹,

Veličković²,

Voza³

et al. 2019

JOP

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“…Entrepreneurs must apply appropriate methods for risk management [71,72]. Dvorský et al [73] state that small and medium-sized enterprises perceive risks more intensively in comparison with the pre-crisis era. They should implement risk management to avoid crises.…”

Section: Literature Reviewmentioning

confidence: 99%

The Assessment of Non-Financial Risk Sources of SMES in the V4 Countries and Serbia

et al. 2019

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Risks are a very important part of the business environment. If risks are managed well, they can provide a higher level of competitiveness and sustainability advantages for a company. The first step towards successful risk management is an identification of risks. The aim of this article is to create a risk profile for (small and medium-sized enterprises) SMEs in V4 countries (Czech Republic, Slovakia, Poland, Hungary), compare them to each other and then compare the results with those for Serbia. The data were collected during an extensive research project organized by Tomas Bata University in Zlín in 2017 and 2018. In total 2110 answers of SMEs were analyzed. For the verification of hypotheses, a 5-point Likert scale, Multiple Correspondence Analysis (MCA) and Multiple Factors Analysis (MFA) and ANOVA were used. The level of legal, security, personnel and operational risks is statistically higher in Serbia than in V4 countries, and the lowest level is in Slovakia. Some significant differences among the exposure to risk according to economic sectors were identified.

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“…One of the latest contribution in the area of corporate debt policy and credit risk in the Czech environment was published by Dvorský et al (2018). They also concluded that small and medium-sized enterprises had a higher perception of the significance of credit risk compared to a pre-crisis era.…”

Section: Literature Reviewmentioning

confidence: 99%

Debt policy of companies in Czech Republic

Strýčková

2019

Journal of International Studies

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The attitude of companies towards the use of debt depends on many factors that can be generally called corporate debt policy. This paper deals with the debt policy of companies in Czech Republic, focusing on the factors affecting the appropriate amount of debt and their debt policy in general. The aim of this contribution is to reveal the dominant factors affecting companies in their debt policy decisions and to analyse the possible impact of the selected classifying factors on the firms' responses. The findings of this article are based on the data from the questionnaire survey conducted in 2016 and the subsequent statistical analysis of the responses. The most important factors affecting appropriate amount of debt proved to be financial flexibility and volatility of earnings and cash flows. For deciding on debt policy, the most important factor was insufficiency of internal funds. Statistical analysis revealed several differences in response to debt-policy questions according to the legal form of business, the industrial sector, the company size, and the origin of capital.

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Evaluation of important credit risk factors in the SME segment

Cited by 13 publications

References 34 publications

The impact of enterprise risk management on the performance of companies in transition countries: Serbia case study

The impact of enterprise risk management on the performance of companies in transition countries: Serbia case study

The Assessment of Non-Financial Risk Sources of SMES in the V4 Countries and Serbia

Debt policy of companies in Czech Republic

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