Dominant factors of SMEs failure - multigroup confirmatory factor analysis

The paper aims to provide empirical clarification over some key failure factors of Small and Medium-sized Enterprises (SMEs), and also analysis of the similarities and differences in factors' relations in the Republic of Serbia and Visegrad countries. The SMEs' failures factors have been a...

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Main Authors: Isidora Milošević, Ivan Mihajlović, Anđelka Stojanović
Format: Article
Language:English
Published: University in Belgrade 2019-11-01
Series:Serbian Journal of Management
Subjects:
Online Access:http://aseestant.ceon.rs/index.php/sjm/article/view/23536/pdf
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author Isidora Milošević
Ivan Mihajlović
Anđelka Stojanović
author_facet Isidora Milošević
Ivan Mihajlović
Anđelka Stojanović
author_sort Isidora Milošević
collection DOAJ
description The paper aims to provide empirical clarification over some key failure factors of Small and Medium-sized Enterprises (SMEs), and also analysis of the similarities and differences in factors' relations in the Republic of Serbia and Visegrad countries. The SMEs' failures factors have been accessed from the point of view of SMEs owners and managers whose opinions were collected through a questionnaire disseminated in five countries (Hungary, Czech Republic, Slovak Republic, Poland and the Republic of Serbia). On the other hand, for the research presented in this paper, the data from Hungary, the Czech Republic and the Republic of Serbia were used. The structural equation model was developed and analyzed to confirm the reliability of the conceptual model, using multi-group confirmatory factor analysis (MGCFA) for comparative measurements on the observed data from different countries. The result showed the existence of differences in opinions of SMEs owners and managers concerning failure factors in examined countries.
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spelling doaj.art-db6d13adb8b0484a9f7c88fc274e6e3f2022-12-21T19:11:31ZengUniversity in BelgradeSerbian Journal of Management1452-48642217-71592019-11-0114234536010.5937/sjm14-23536Dominant factors of SMEs failure - multigroup confirmatory factor analysisIsidora Milošević0Ivan Mihajlović1Anđelka Stojanović2University of Belgrade, Technical Faculty in Bor, Engineering Management DepartmentUniversity of Belgrade, Technical Faculty in Bor, Engineering Management DepartmentUniversity of Belgrade, Technical Faculty in Bor, Engineering Management DepartmentThe paper aims to provide empirical clarification over some key failure factors of Small and Medium-sized Enterprises (SMEs), and also analysis of the similarities and differences in factors' relations in the Republic of Serbia and Visegrad countries. The SMEs' failures factors have been accessed from the point of view of SMEs owners and managers whose opinions were collected through a questionnaire disseminated in five countries (Hungary, Czech Republic, Slovak Republic, Poland and the Republic of Serbia). On the other hand, for the research presented in this paper, the data from Hungary, the Czech Republic and the Republic of Serbia were used. The structural equation model was developed and analyzed to confirm the reliability of the conceptual model, using multi-group confirmatory factor analysis (MGCFA) for comparative measurements on the observed data from different countries. The result showed the existence of differences in opinions of SMEs owners and managers concerning failure factors in examined countries.http://aseestant.ceon.rs/index.php/sjm/article/view/23536/pdfsmall and medium sized enterprisesfailure factorsmulti-group analysis
spellingShingle Isidora Milošević
Ivan Mihajlović
Anđelka Stojanović
Dominant factors of SMEs failure - multigroup confirmatory factor analysis
Serbian Journal of Management
small and medium sized enterprises
failure factors
multi-group analysis
title Dominant factors of SMEs failure - multigroup confirmatory factor analysis
title_full Dominant factors of SMEs failure - multigroup confirmatory factor analysis
title_fullStr Dominant factors of SMEs failure - multigroup confirmatory factor analysis
title_full_unstemmed Dominant factors of SMEs failure - multigroup confirmatory factor analysis
title_short Dominant factors of SMEs failure - multigroup confirmatory factor analysis
title_sort dominant factors of smes failure multigroup confirmatory factor analysis
topic small and medium sized enterprises
failure factors
multi-group analysis
url http://aseestant.ceon.rs/index.php/sjm/article/view/23536/pdf
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