Actual Problems Of Business Risk In SME Segment. Case Study From Slovakia

Belás, Jaroslav; Bilan, Yuriy; Ključnikov, Aleksandr; Vincúrová, Zuzana; Macháček, Jı̆rı́

doi:10.1515/ijek-2015-0010

Cited by 14 publications

(8 citation statements)

References 14 publications

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“…Entrepreneurs in each region were threatened by the market risk, the most intense in Bratislava region; its average in Bratislava was 56, while 51.30 in Žilina and 53.27 in Trenčín region. Our research confirmed the results by Belás et al (2015c).…”

Section: Financial Risk Of Smes In Slovakiasupporting

confidence: 93%

“…On that topic many authors (e.g. , 2015c, Dong, 2014, Cheng & Tang, 2012 etcs declare that SMEs have problems with access to funding which leads to a real problem in to their growth worldwide. The lack of finance is categorized as one of the types of financial risks and this is the reason why we connect insufficient capital of SMEs with financial risks.…”

Section: Difficulties In Financing Of Smes -Literature Reviewmentioning

confidence: 99%

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Do SMEs in Slovakia face real difficulties in obtaining financing? Comparison of the studies from Slovakia and the EU

Ključnikov¹,

Majková²,

Schwendemann³

et al. 2016

Journal of International Studies

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Abstract. Financial crises and worsening economic and business conditions reduce the number of enterprises in Slovakia. Many relevant institutions declare that barriers for doing business are increasing and many small companies have problems with financing. We decided to compare several scientific research studies from Slovakia and provide an answer to the question: Do SMEs in Slovakia really have problems with obtaining financial resources or is it just an overused assumption? Do companies face this type of financial risk? The aim of this article is to bring an answer to this question on the basis of the results of two scientific research studies conducted in Slovakia and focused on business and finance. The first was conducted in cooperation with the Association of Young Entrepreneurs and the second was part of international research at the Pan-european University in Bratislava and The University of Tomáš Baťa in Zlín. Both were realized in 2011-2013.The paper compares the obtained evidence with the statistical data from the EU. The comparison of Slovak and EU results concerning the situation with SMEs access to financing in Slovakia allowed to identify the differences and similarities regarding the stated hypotheses. This comparison offers a wider view on the situation in Slovakia and other EU countries.The results of our Studies, Vol. 9, No 3, pp. 36-52. DOI: 10.14254/2071-8330.2016 Aleksandr Ključnikov, Monika Sobeková Majková Alexander Schwendemann, Christian Knogler Do SMEs in Slovakia face real diffi culties in obtaining fi nancing?Comparison of the studies from Slovakia and the EU 37 study provide interesting conclusions. Slovak research studies explain that problems with access to financing of SMEs are in some way more pressing than according to the EU statistical data, but all research studies provide clear evidence about the difficulties SMEs face in obtaining finance in Slovakia.

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Section: Financial Risk Of Smes In Slovakiasupporting

confidence: 93%

Section: Difficulties In Financing Of Smes -Literature Reviewmentioning

confidence: 99%

Do SMEs in Slovakia face real difficulties in obtaining financing? Comparison of the studies from Slovakia and the EU

Ključnikov¹,

Majková²,

Schwendemann³

et al. 2016

Journal of International Studies

Self Cite

View full text Add to dashboard Cite

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“…The results of our research are conformal with the results of Irwin and Scott (2010), Sobekova Majkova (2011), Belás et al (2015a), Cheng and Tang (2012), Shi (2012), Majkova (2008, Jinjarak and Wignaraja (2016), Rostamkalaei and Freel (2015), Oliveira and Fortunato (2006), Bottazzi, et. al.…”

Section: Figure 2 Number Of Answers On the Question Which Loan Critesupporting

confidence: 91%

Credit standards and factors affecting their strictness in the segment of SMEs in the Slovakia

Ključnikov

Majková

Vincúrová

2018

Journal of International Studies

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Abstract. Credit standards have a strong impact on GDP and the average size of provided loans within the economy. The aim of this paper is to investigate whether such factors as the age of entrepreneurs and the size of their companies are relevant, and have a significant impact on the perception of credit standards. The research is focused on the impact of the selected factors and comparison of the perception of strictness of credit conditions before and after the crisis on the basis of the data from two surveys carried out among 756 Slovak companies back in 2008 and then in 2016. Basing on the Pearson´s chi-square analysis of the results we may present the statistical evidence that the age of an owner and the size of a company have significant impact on the perception of loan criteria, while the impact of company's size has higher intensity.

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“…It was found out that compared with pre-crisis period, the performance of SMEs in Slovakia have decreased by at least 15%. (Belás, Bilan, Ključnikov, Vincúrová and Macháček, 2015).…”

Section: Resultsmentioning

confidence: 99%

The Entreprenurial Perception of SME Business Environment Quality in the Czech Republic

Ključnikov¹,

Belás²,

Kozubíková³

et al. 2016

JOC

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This article defines and quantifies important factors of the quality of the business environment for small and medium-sized firms (SMEs) in the Czech Republic.To do so, itcompares the attitudes of entrepreneurs categorized by gender, education, age and firm size. A study of the business environment was conducted in 2015 from a sample of 1,141 respondents (the owners of companies), and the results were analyzed. It was found that only 10% of the entrepreneurs positively evaluated the applicable forms of state financial support. The study also demonstrated no statistically-significant response differences among the designated social groups. 64% of Czech entrepreneurs feel the support of their surroundings while doing business,45% think that SMEs have restricted access to external sources of financing, and over half note the intensive influence of market risk. It was also determined that there are statistically-significant differences in the pattern of responses between men and women and between micro-enterprises and small and medium-sized enterprises.

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Actual Problems Of Business Risk In SME Segment. Case Study From Slovakia

Cited by 14 publications

References 14 publications

Do SMEs in Slovakia face real difficulties in obtaining financing? Comparison of the studies from Slovakia and the EU

Do SMEs in Slovakia face real difficulties in obtaining financing? Comparison of the studies from Slovakia and the EU

Credit standards and factors affecting their strictness in the segment of SMEs in the Slovakia

The Entreprenurial Perception of SME Business Environment Quality in the Czech Republic

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