Exposure to and management of financial risks of young enterprises

Abstract

Young people from 18 to 35 represent the basic lever of the development of every society. Their self-employment and entrepreneurship are of particular importance for poor countries and the countries in post-transitional period. The entrepreneurship of the young people is permeated by a large number of challenges. The most important challenges are the method of financing and financial risks in business. The research aim of this paper is inquiring of the exposure to financial risks with the aim of their minimization by adequate management. So as to gain the aim that is set in the paper, we are researching the exposure of young entrepreneurs to the financial risks, the sources of finance of young entrepreneurs, theoretical framework of risk management and quantitative approaches to the financial risk management.

Non‐conventional Synthesis of the 413 MAX Phase V4AlC3

“…Due to this layered crystal structure, they exhibit a unique combination of properties . Like their corresponding binary carbides and nitrides ( MX ) they have high thermal and electrical conductivities, are elastically stiff and resistant to chemical attack.…”

“…Like their corresponding binary carbides and nitrides ( MX ) they have high thermal and electrical conductivities, are elastically stiff and resistant to chemical attack. However, in contrast to the binaries, they are relatively soft and readily machinable, thermal shock resistant, and damage tolerant , . In the 1970s and 1980s the 211‐phases were described by Nowotny and Jeitschko et al as H‐phases , .…”

Synthesis Protocols of the Most Common Layered Carbide and Nitride MAX Phases

“…Beside classical high‐temperature ceramic use, MAX phase has a many future potential applications like gas burner nozzles, high‐temperature foil bearings, high‐power electrical contacts, and nonstick cookware. More details about possible applications and properties of MAX phases‐based ceramic can be found in the literature …”

Microstructure and Properties of Carbon Fiber Reinforced SiC Matrix Composites Containing Ti3SiC2

“…Nanolaminated Ti 3 SiC 2 is layered ternary carbide consisting of periodic planar stacking of edge-sharing Ti 6 C octahedral and close-packed silicon atoms along the c-axis, exhibiting elevated toughness and machinability. [1][2][3][4][5][6][7] The weak bonding between each layer makes it show R-curve behavior with a fracture toughness as high as 16 MPa m 1/2 . [53] Its high stability and compatibility in contact to SiC makes Ti 3 SiC 2 a candidate as reinforced phase for SiC-based composites.…”

“…[1][2][3][4][5][6][7] Considering their hightemperature stability, thermal shock resistance, damage tolerance, good machinability, and oxidation resistance, the MAX phases have attracted extensive attention for hightemperature applications. [1][2][3][4][5][6][7] Carbon fiber reinforced C-SiC binary matrix composite (C/C-SiC) and carbon fiber reinforced SiC matrix composite (C/SiC) are promising materials for high-temperature applications owing to their low density, good oxidation resistance, high strength, and thermal shock resistance not only at room temperature but also at high temperatures. [8][9][10][11][12] Their properties depend strongly on their composition and microstructure, and the processing method.…”