Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic
The aim of this article is to define and compare current trends within business risks among small and medium enterprises in selected regions of the Czech Republic and Slovakia in the context of entrepreneurial optimism. In 2013, the research on entrepreneurs’ opinions in the Zlín Region (Czech Repub...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Tomas Bata University in Zlín
2014-06-01
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| Series: | Journal of Competitiveness |
| Subjects: | |
| Online Access: | http://www.cjournal.cz/files/169.pdf |
| _version_ | 1819267355679653888 |
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| author | Belas Jaroslav Machacek Jiri Bartos Přemysl Hlawiczka Roman Hudakova Maria |
| author_facet | Belas Jaroslav Machacek Jiri Bartos Přemysl Hlawiczka Roman Hudakova Maria |
| author_sort | Belas Jaroslav |
| collection | DOAJ |
| description | The aim of this article is to define and compare current trends within business risks among small and medium enterprises in selected regions of the Czech Republic and Slovakia in the context of entrepreneurial optimism. In 2013, the research on entrepreneurs’ opinions in the Zlín Region (Czech Republic) and Žilina Region (Slovakia) was conducted. These regions have similar economic parameters and are separated by only a few miles. According to our research, it can be stated that during the period of financial crisis, the situation in the SME business deteriorated significantly with declining performance and profitability of Czech and Slovak small and medium enterprises. The most important business risk is still market risk, followed by financial and eventually personal risk. Our research showed that the profitability of Czech and Slovak small and medium enterprises decreased by 15%. Despite these facts, the level of entrepreneurial optimism among SME in the selected regions of the Czech Republic and Slovakia is very high. |
| first_indexed | 2024-12-23T21:15:51Z |
| format | Article |
| id | doaj.art-62fc459c20804bbd915c9652ef95b6f2 |
| institution | Directory Open Access Journal |
| issn | 1804-171X 1804-1728 |
| language | English |
| last_indexed | 2024-12-23T21:15:51Z |
| publishDate | 2014-06-01 |
| publisher | Tomas Bata University in Zlín |
| record_format | Article |
| series | Journal of Competitiveness |
| spelling | doaj.art-62fc459c20804bbd915c9652ef95b6f22022-12-21T17:30:55ZengTomas Bata University in ZlínJournal of Competitiveness1804-171X1804-17282014-06-01623041Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak RepublicBelas Jaroslav0Machacek Jiri 1Bartos Přemysl2Hlawiczka Roman3Hudakova Maria4Tomas Bata University in ZlinTomas Bata University in ZlinTomas Bata University in ZlinTomas Bata University in ZlinUniversity of ZilinaThe aim of this article is to define and compare current trends within business risks among small and medium enterprises in selected regions of the Czech Republic and Slovakia in the context of entrepreneurial optimism. In 2013, the research on entrepreneurs’ opinions in the Zlín Region (Czech Republic) and Žilina Region (Slovakia) was conducted. These regions have similar economic parameters and are separated by only a few miles. According to our research, it can be stated that during the period of financial crisis, the situation in the SME business deteriorated significantly with declining performance and profitability of Czech and Slovak small and medium enterprises. The most important business risk is still market risk, followed by financial and eventually personal risk. Our research showed that the profitability of Czech and Slovak small and medium enterprises decreased by 15%. Despite these facts, the level of entrepreneurial optimism among SME in the selected regions of the Czech Republic and Slovakia is very high.http://www.cjournal.cz/files/169.pdfsmall and medium enterprisesbusiness risksmarket riskfinancial riskpersonal riskcommercial banksentrepreneurial optimism |
| spellingShingle | Belas Jaroslav Machacek Jiri Bartos Přemysl Hlawiczka Roman Hudakova Maria Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic Journal of Competitiveness small and medium enterprises business risks market risk financial risk personal risk commercial banks entrepreneurial optimism |
| title | Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic |
| title_full | Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic |
| title_fullStr | Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic |
| title_full_unstemmed | Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic |
| title_short | Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic |
| title_sort | business risks and the level of entrepreneurial optimism among sme in the czech and slovak republic |
| topic | small and medium enterprises business risks market risk financial risk personal risk commercial banks entrepreneurial optimism |
| url | http://www.cjournal.cz/files/169.pdf |
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