Perception of selected strategic management factors of SME in V4 countries

Belás, Jaroslav; Damborský, Milan; Metzker, Zdenko; Šuleř, Petr

doi:10.5937/sjm16-33274

Cited by 6 publications

(3 citation statements)

References 41 publications

(19 reference statements)

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“…Thus, the results did not confirm that all factors from x1 to x7 influenced individual countries. Each country has some differences, as pointed out by several previous studies (Belás et al, 2021;Metzker & Zvarikova, 2021;Zvarikova et al, 2023).…”

Section: Discussionmentioning

confidence: 95%

The impact of selected HRM factors on company´s survival of SMEs: Empirical research in V4 countries

Belas,

Machova,

Oláh

et al. 2024

Journal of International Studies

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This paper aimed to present and quantify the impact of significant HRM factors on the survival of SMEs in the V4 countries. In June 2022, researchers conducted a study in the Visegrad Four countries to understand the attitudes of SMEs. The study employed a random sampling method and included 1,398 respondents. The established scientific hypothesis was verified using linear regression modelling at a significance level of ɑ = 5%. The study found a link between specific HR practices and the medium-term survival of SMEs in the Visegrad Four countries. The intensity of this dependence varies across the V4 countries. Czech respondents emphasized the importance of investing in improving the qualification of their employees in the context of firm sustainability. At the same time, Slovak SMEs drew attention to the importance of the existing incentive system for employees. SMEs in Poland strongly and positively perceived the importance of human capital in the company and regular evaluation of employee performance in their attitudes. A somewhat surprising finding is that in Hungary, the individual HRM factors were not statistically significant. The aggregate model for all V4 countries showed the highest intensity of dependence between the defined variables.

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Section: Discussionmentioning

confidence: 95%

The impact of selected HRM factors on company´s survival of SMEs: Empirical research in V4 countries

Belas,

Machova,

Oláh

et al. 2024

Journal of International Studies

Self Cite

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“…According to Virglerova et al (2020), there are other types of risks that can result in financial losses that need to be managed besides financial ones. In a global economic environment, companies need to manage strategic risks effectively to improve their competitiveness (Belás et al, 2021). Risks related to bamboo handicrafts include market risk, operational risk, and financial risk.…”

Section: Literature Reviewmentioning

confidence: 99%

Weighting Risk Factors for Start-up Businesses in Small and Medium Enterprises: A qualitative approach and ATLAS ti procedure

Mohamad Fauzi,

Ghazali,

Rohim

et al. 2023

E-BPJ

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Risk management is essential in helping Small and Medium Enterprises to grow and survive with all the risks and challenges they face. Risk assessment is one of the processes in risk management, which includes risk identification and evaluation. Risk management tools and techniques differ based on the type of business. Thus, this paper aims to evaluate risk factors in risk management for start-up businesses in Small and Medium Enterprises. The data was collected by interviewing the experts in Small and Medium Enterprises and analysed using ATLAS ti. It has been found that entrepreneurial traits are the most significant risk factor.

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“…COVID-19 also disrupted the labour market (Ancillo et al, 2021;Belás et al, 2021). Although the labour demand rebounded in the short term, Krumel et al (2021) showed that there is a labour shortage because of the decreases in salaries and in the quality of required skills.…”

Section: Literature Reviewmentioning

confidence: 99%

Economic growth and labour market in the European Union: lessons from COVID-19

Přívara

2022

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Research background: The world has been fighting the new pandemic caused by COVID-19 since March 2020. The subsequent restrictions on economic activity resulted in a supply shock, accompanied by a supply chain disruption, job layoffs, reduced work time and wages and decreased disposable incomes and taxes, which led to a demand shock. However, whether a close link exists between the number of confirmed cases, deaths and economic indicators during the COVID-19 pandemic remains uncertain. Purpose of the article: The current study aims to analyse the impact of the number of infections and deaths on economic growth and labour market indicators in the member states of the European Union. Methods: To achieve the main research goal, we conduct a panel data analysis on the quarterly data of 2020. Specifically, we developed three random-effects panel data econometric models to estimate the significance of infection and mortality rates for economic growth as well as employment and unemployment rates. Findings & value added: This study contributes to the existing literature by analysing the link between the infection and mortality rates of COVID-19 and selecting macro-economic indicators within the European Union. The results show that the infection rate is not a significant variable for economic growth and labour market indicators. However, an increase in the number of confirmed deaths has a significantly negative impact on the economy. Moreover, an increase in the mortality rate has a worse impact on the labour market than on economic growth in general. These results can serve as a theoretical basis for future research on the interconnections between pandemics and macro-economic indicators. The findings can also contribute to developing efficient policy instruments for mitigating the negative impact of pandemics in the future, thereby ensuring the cooperation of fiscal, monetary and health policy authorities.

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Perception of selected strategic management factors of SME in V4 countries

Cited by 6 publications

References 41 publications

The impact of selected HRM factors on company´s survival of SMEs: Empirical research in V4 countries

The impact of selected HRM factors on company´s survival of SMEs: Empirical research in V4 countries

Weighting Risk Factors for Start-up Businesses in Small and Medium Enterprises: A qualitative approach and ATLAS ti procedure

Economic growth and labour market in the European Union: lessons from COVID-19

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