Business risks and their impact on business future concerning the entrepreneur’s experience with business bankruptcy: case of Czech Republic

Dvorský, Ján; Ključnikov, Aleksandr; Polách, Jiří

doi:10.21511/ppm.18(2).2020.34

Cited by 7 publications

(3 citation statements)

References 43 publications

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“…In V4 countries, CSR is a relative new concept with a rapid expanding trend, especially in multinational companies (Habek, 2017;Kljucnikov et al, 2016). The reasons for not implementing CSR in V4 are lack of knowledge and information about the area and lack of financial resources (Dvorský et al, 2020;Nagypal & Noemi, 2014).…”

Section: Theoretical Reviewmentioning

confidence: 99%

“…According to many authors, including Belas et al (2021), Dvorský et al (2020) and Zastempowski & Cyfert (2021) SMEs are unique due to their high share of the economy, which has a positive effect on the country's GDP. The current trend of large companies is to use SMEs as strategic partners to produce selected products or services that SMEs supply to large companies (Rocha, 2012).…”

Section: Introductionmentioning

confidence: 99%

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The Perception of Smes Bankruptcy Concerning CSR Implementation

Metzker

Maroušek

Zvaríková

et al. 2021

IJEK

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This study aims to evaluate the perception of bankruptcy by small and medium-sized enterprises from the V4 region. CSR implementation in business activities was selected as the comparison criterion. The research paper is based on a questionnaire survey of 1585 respondents. The data were collected from September 2019 to January 2020. The research hypotheses were evaluated using the χ-quadrat test and Z-score statistical methods. Differences between the enterprises which implemented CSR in business and other companies were found. The research focused on bankruptcy perception as a natural part of the business and as a valuable experience for future company development. Entrepreneur failure and self-confidence showed that V4 SMEs with implemented CSR are less likely to go bankrupt if adverse economic developments occur. However, less than 50% of entrepreneurs consider bankruptcy as a valuable experience for further business. The majority of managers who have experience with CSR implementation positively differed in their opinions versus those without this experience. In general, V4 entrepreneurs who implemented CSR have a more positive perception of bankruptcy questions. The results may be interesting for those who promote or implement CSR in the focused countries. Our findings can be helpful for entrepreneurs to consider the benefits of being socially responsible in the working environment conception.

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Section: Theoretical Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Perception of Smes Bankruptcy Concerning CSR Implementation

Metzker

Maroušek

Zvaríková

et al. 2021

IJEK

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“…The safe business of an SME is often limited to operational risk in the broad sense, namely the risk of the income direct loss, which results from internal events (Anghelache, Olteanu, and Radu, 2010;Monkiewicz and Gąsiorkiewicz, 2010) profitability of sales (Ghatak and Seale, 2001), current liquidity, timeliness of deliveries and prices of goods (Risman, Salim, Sumiati, and Indrawati, 2017), and exchange rates (Dinenis and Staikouras, 2000), and export risk (Breckova, 2016), ax and accounting compliance, fair remuneration and the company's reputation in the market (Grafova, Skorev, Andreeva, and Kirischeeva, 2017) and thus the absence of economic mandates and controls. In the view of safe business, the owner's experience is the guarantor of safe company management (Dvorský, Kljucnikov, and Polách, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Safe Business in a Pandemic Risk Environment

Parkitna¹

2021

ERSJ

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Purpose: Defining the concept of safe business by identifying the risks of SME business in a pandemic environment. Design/Methodology/Approach: The research was based on a deductive approach and was conducted in the first months of the pandemic in 2020 in the Lower Silesia. The research technique used GOOGLE electronic survey questionnaire and the collected data was statistically processed (SPSS). The study used sample, which allowed to select a set of population elements and determine the representativeness and reliability of the research sample. The thesis and hypothesis presented were verified based on the data collected in the quantitative study. The specificity of the distributions of the variables was established. Nonparametric tests were used to analyze the data. Correlations between variables were tested using Spearman's test. Findings: The conclusions of the study confirmed the mutual correlation between the "new" pandemic risk and the other "old" risk classes . This may indicate the impact of a rare "nuclear swan" phenomenon, the effects of which have not been and are not yet described in the literature. Practical Implications: The analysis of the results obtained in the study is partially consistent with the literature studies on the impact of the environment and the risks associated with it on micro and small enterprises conducted before the pandemic. Nevertheless, the assumptions made at the stage of selecting the research sample, allow to formulate a thesis about the broader universality of the confirmed regularities, which should be confirmed in extended research. Which is an important contribution to further discussion. Originality/value: The paper describes the diagnosed competence gap in the area of SME enterprise management in the current economic conditions of the pandemic. Which is an extremely complicated task due to the lack of precedents giving guidance to enterprises resulting from history and literature on the subject. In view of this, the identification of risk and definition of the concept of safe business in such unusual conditions, which are at the same time adequate to the dynamically changing environment under pandemic conditions, is a desirable goal to achieve in scientific and practical aspects.

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