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

Author

Listed:
  • Jaroslav BELAS

    (Department of Enterprise Economics, Faculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, 760 01 Zlin, Czech Republic)

  • Yuriy BILAN

    (University of Szczecin, Faculty of Economics Science and Management, Microeconomics Department)

  • Aleksandr Kljucnikov

    (Vysoka skola podnikani, Ostrava, Czech Republic)

  • Zuzana Vincurova

    (Faculty of Economics and Business, Pan-European University)

  • Jiri Machacek

    (Department of Regional Development, Public Sector Administration and Law, Faculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, 760 01 Zlin, Czech Republic)

Abstract

The aim of this article was to define, quantify and compare the significant attributes of business risk for small and medium-sized enterprises (SMEs) in the selected regions of Slovakia. The data was collected through a questionnaire. The whole research was conducted in the Bratislava region on a sample of 102 SMEs, in the region of Trencin on a sample of 105 SMEs and in the Zilina region on a sample of 168 SMEs. Thus we compared important factors of business risk in the most economically developed region of the Slovak capital to the average regions of Trencin and Zilina. On the basis of the results of our research, we can conclude that the most important business risk is market risk in all regions. The average value of perceived market risk was higher than 50%. For this reason entrepreneurs have indicated the existence of negative trends in performance and profitability of their companies.

Suggested Citation

  • Jaroslav BELAS & Yuriy BILAN & Aleksandr Kljucnikov & Zuzana Vincurova & Jiri Machacek, 2015. "Actual Problems Of Business Risk In Sme Segment. Case Study From Slovakia," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 3(1), pages 46-56, June.
    • Handle: RePEc:jek:journl:v:3:y:2015:i:1:p:46-56
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    References listed on IDEAS

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    Cited by:

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    2. Premysl Bartos & Aleksandr Kljucnikov & Boris Popesko & Jiri Machacek, 2015. "Are Men More Innovative And Aggressive In Business? Case Study From The Czech Republic," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 3(2), pages 29-39, December.

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    More about this item

    Keywords

    Small and medium-sized enterprises; regional differences; business risk; market risk;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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