Kontaktujte nás | Jazyk: čeština English
dc.title | Management of operational risk in the context of financial performance of SMEs | en |
dc.contributor.author | Hudáková, Mária | |
dc.contributor.author | Kardoš, Peter | |
dc.contributor.author | Dvorský, Ján | |
dc.contributor.author | Afful, Charles Randy | |
dc.contributor.author | Kloudová, Jitka | |
dc.relation.ispartof | Systems | |
dc.identifier.issn | 2079-8954 Scopus Sources, Sherpa/RoMEO, JCR | |
dc.date.issued | 2023 | |
utb.relation.volume | 11 | |
utb.relation.issue | 8 | |
dc.type | article | |
dc.language.iso | en | |
dc.publisher | Multidisciplinary Digital Publishing Institute (MDPI) | |
dc.identifier.doi | 10.3390/systems11080408 | |
dc.relation.uri | https://www.mdpi.com/2079-8954/11/8/408 | |
dc.relation.uri | https://www.mdpi.com/2079-8954/11/8/408/pdf?version=1691497483 | |
dc.subject | financial performance | en |
dc.subject | management | en |
dc.subject | operational risk | en |
dc.subject | SMEs | en |
dc.subject | Visegrad group countries | en |
dc.description.abstract | Owners and managers of small and medium-sized enterprises (SMEs) have changed their perspective on risk management due to the current global negative threats in the business environment. If they want to be successful and ensure the financial performance of their business, they must adopt a proactive approach to reducing strategic risks in connection with operational risks. The aim of the article is to identify and quantify the differences in operational risk management and its effect on the financial management of SMEs between four Central European countries. The statistical sample of SMEs consisted of 1090 owners and top managers. Data collection was carried out through a questionnaire in the period December 2022-January 2023. Statistical hypotheses were evaluated with the application of correlation analysis and linear regression modelling. Empirical findings have confirmed that operational risk management has a significant positive impact on improving the profitability of the enterprise and on reducing the enterprise's indebtedness, as well as in the context of reducing the enterprise's inability to pay its obligations. However, there are disparities in the perception of this influence between owners/managers with regard to the country in which they carry out their business activities. The findings are important for both national and multinational organizations and entities dealing with risk management in the business environment of small and medium-sized enterprises. | en |
utb.faculty | Faculty of Management and Economics | |
dc.identifier.uri | http://hdl.handle.net/10563/1011637 | |
utb.identifier.obdid | 43884677 | |
utb.identifier.scopus | 2-s2.0-85169126707 | |
utb.identifier.wok | 001056033900001 | |
utb.source | j-scopus | |
dc.date.accessioned | 2023-09-05T23:17:41Z | |
dc.date.available | 2023-09-05T23:17:41Z | |
dc.description.sponsorship | Ministerstvo školstva, vedy, výskumu a športu Slovenskej republiky; Vedecká Grantová Agentúra MŠVVaŠ SR a SAV, VEGA, (1/0243/20) | |
dc.description.sponsorship | Scientific Grant Agency of the Ministry of Education, Science, Research and Sport of the Slovak Republic-VEGA [1/0243/20] | |
dc.rights | Attribution 4.0 International | |
dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | |
dc.rights.access | openAccess | |
utb.ou | Department of Business Administration | |
utb.contributor.internalauthor | Afful, Charles Randy | |
utb.fulltext.dates | Received: 13 June 2023 Revised: 19 July 2023 Accepted: 6 August 2023 Published: 8 August 2023 | |
utb.fulltext.sponsorship | This paper is output by the Scientific Grant Agency of the Ministry of Education, Science, Research and Sport of the Slovak Republic—VEGA No. 1/0243/20 Integrated risk management system in the conditions of contemporary changes in enterprise environment in Slovakia. | |
utb.wos.affiliation | [Hudakova, Maria; Kardos, Peter] Univ Zilina, Fac Secur Engn, Dept Crisis Management, Zilina 01026, Slovakia; [Dvorsky, Jan] Univ Zilina, Fac Operat & Econ Transport & Commun, Dept Econ, Zilina 01026, Slovakia; [Afful, Charles Randy] Tomas Bata Univ Zlin, Fac Management & Econ, Dept Business Adm, Zlin 76001, Czech Republic; [Kloudova, Jitka] Pan European Univ, Fac Business, Prague 11000, Czech Republic | |
utb.scopus.affiliation | Department of Crisis Management, Faculty of Security Engineering, University of Zilina, Zilina, 010 26, Slovakia; Department of Economics, Faculty of Operational and Economics of Transport and Communications, University of Zilina, Zilina, 010 26, Slovakia; Department of Business Administration, Faculty of Management and Economics, Tomas Bata University in Zlin, Zlin, 760 01, Czech Republic; Faculty of Business, Pan-European University, Prague, 110 00, Czech Republic | |
utb.fulltext.projects | VEGA 1/0243/20 | |
utb.fulltext.faculty | Faculty of Management and Economics | |
utb.fulltext.ou | Department of Business Administration |