scholarly journals Differences in the Concept of Risk Management in V4 Countries

2018 ◽  
Vol 6 (2) ◽  
pp. 100-109 ◽  
Author(s):  
Zuzana Virglerova
Keyword(s):  
Risk Management ◽  
Czech Republic ◽  
Contingency Table ◽  
Z Score ◽  
Absolute Frequency ◽  
Chi Square ◽  
The Czech Republic ◽  
Entrepreneurial Knowledge ◽  
Research Questions ◽  
Visegrád Countries

Abstract Risk management is one of the entrepreneurial knowledge to reduce business risks. The aim of the article is to compare the access to risk management in SMEs in the Visegrad countries (V4). The attention is focused on the differences in a perception of the importance of various risks, the choice of the person responsible for risk management and the frequency of discussion on the current risks in the company. The article deals with the partial results of the empirical questionnaire survey which was completed in 2018 at the Tomas Bata University in Zlín in the Czech Republic. The survey was made among SMEs in the Czech Republic (408 respondents), Slovakia (487), Poland (489) and Hungary (388). The questionnaire included questions about the importance of risks and the concept of risk management in the company. Three research questions were set. To test the formulated research questions, the following statistical tools, such as pivot table, relative and absolute frequency, the Chi-Square calculator for 5 x 5 Contingency Table and Z-score, were used. Finally, the result indicates a different perception of the key risks in Hungary (in comparison with other V4 countries). There are also statistically significant differences in the frequency of discussion on the current risks in relation to the size of the company among V4 countries. The differences among the companies from V4 countries in the choice of the person responsible for risk management were proved as well. The article concludes with a discussion on the comparison of the previous international researches.

scholarly journals DIFFERENCES IN THE CONCEPT OF RISK MANAGEMENT IN V4 COUNTRIES

2018 ◽  
Vol 6 (2) ◽  
Author(s):  
Zuzana Virglerova
Keyword(s):  
Risk Management ◽  
Czech Republic ◽  
Contingency Table ◽  
Z Score ◽  
Absolute Frequency ◽  
Chi Square ◽  
The Czech Republic ◽  
Entrepreneurial Knowledge ◽  
Research Questions ◽  
Visegrád Countries

Risk management is one of the entrepreneurial knowledge to reduce business risks. The aim of the article is to compare the access to risk management in SMEs in the Visegrad countries (V4). The attention is focused on the differences in a perception of the importance of various risks, the choice of the person responsible for risk management and the frequency of discussion on the current risks in the company. The article deals with the partial results of the empirical questionnaire survey which was completed in 2018 at the Tomas Bata University in Zlín in the Czech Republic. The survey was made among SMEs in the Czech Republic (408 respondents), Slovakia (487), Poland (489) and Hungary (388). The questionnaire included questions about the importance of risks and the concept of risk management in the company. Three research questions were set. To test the formulated research questions, the following statistical tools, such as pivot table, relative and absolute frequency, the Chi-Square calculator for 5 x 5 Contingency Table and Z-score, were used. Finally, the result indicates a different perception of the key risks in Hungary (in comparison with other V4 countries).  There are also statistically significant differences in the frequency of discussion on the current risks in relation to the size of the company among V4 countries. The differences among the companies from V4 countries in the choice of the person responsible for risk management were proved as well. The article concludes with a discussion on the comparison of the previous international researches. 

Risk Management for Cultural Organizations.The Example of Agricultural Museums in the Czech Republic

2019 ◽  
Vol 3 (2) ◽  
pp. 111-122
Author(s):  
Michal Plaček ◽  
Milan Půček ◽  
František Ochrana ◽  
Milan Křápek ◽  
Ondřej H. Matyáš
Keyword(s):  
Risk Management ◽  
Czech Republic ◽  
Risk Model ◽  
Technical Support ◽  
High Quality ◽  
The Czech Republic ◽  
Managerial Practice ◽  
The Future

This paper deals with the analysis of risks which threaten the future sustainability and operations of agricultural museums in the Czech Republic. In the section on methodology, an applicable risk model has been proposed regarding the condition of museums in the Czech Republic. Using this model, the directors of agricultural museums can assess the most significant risks which may jeopardize the sustainability of museum operations over a three-year period. The greatest risks, according to museum directors, are a lack money for investment, the inability to retain high-quality staff, and issues with technical support for exhibitions. Assessing the importance of risk is positively associated with previous experiences of a particular type of risk, whereas the association of the importance of risk with previous managerial practice is rather inconclusive.

scholarly journals COMPETITIVENESS ANALYSIS OF KAZAKHSTAN CONFECTIONARY SECTOR USING FINANCIAL DISCRIMINANT MODELS

2017 ◽  
Vol 5 ◽  
pp. 144-153
Author(s):  
Petr Hájek ◽  
Gulnar Zhunissova ◽  
Taťjana Čábelová ◽  
Adilya Baidildina
Keyword(s):  
Czech Republic ◽  
Predictive Models ◽  
Local Market ◽  
Z Score ◽  
The Czech Republic ◽  
Financial Situation ◽  
Central Asian ◽  
Discriminant Models ◽  
Score Model ◽  
Political Turmoil

Measuring competitiveness offers hundreds of analytical options. We have chosen to analyze and compare companies of confectionery sector in Kazakhstan. We opted to use bankruptcy and creditworthiness models and compare competitiveness through the financial situation of main competitors on that market. Companies analyzed comprise of two Ukrainian companies (Konti and Roshen), Russian companies (Nestlé Russian branch serving also Central Asian markets and KDV - Yaskino) and three local corporations Rakhat, Bayan Sulu and Konfety Karagandy. Models used for analysis are Altman z-score model, Taffler z-score model, IN99, IN01, IN05, and creditworthiness model. The IN models were created in the Czech Republic based on companies' data from the 1990s which was the period of higher inflation, small currency an big banking crisis, massive imports, developing competition and infrequent political turmoil. These models have comparably much greater benefits for analyzing companies in Kazakhstan because they are based on hundreds of companies in contrast to tens of companies on which Altman or Taffler based their famous and highly predictive models. We present an analysis of models in 2007 – 2016 period based on publicly accessible data. We show the IN models have valuable benefits for comparison compared with other older models and that they can disclose certain events or corporate situations in a clearer way than other Altman or Taffler z-score models and should be used in Kazakhstan and improved to suit better the local market environment.

scholarly journals The capital structure of agricultural enterprises in the Visegrad countries

2020 ◽  
Vol 66 (No. 4) ◽  
pp. 160-167
Author(s):  
Veronika Fenyves ◽  
Károly Pető ◽  
János Szenderák ◽  
Mónika Harangi-Rákos
Keyword(s):  
Czech Republic ◽  
Capital Structure ◽  
Regional Cooperation ◽  
Company Size ◽  
Member States ◽  
The Czech Republic ◽  
Agricultural Enterprises ◽  
Eu Member States ◽  
Visegrád Countries ◽  
The Capital Structure

The Visegrad countries – or the V-4 countries: the Czech Republic, Hungary, Poland and Slovakia – is strong regional cooperation of four EU member states in Eastern-Central-Europe aimed at strengthening the positions of the members on both a European and a global level. The aim of this research is to analyse the capital structure of the agricultural and food companies in the V4 Member States. The results show that more profitable companies were less dependent on debt finance, while the fast-growing companies had limited access to the financial market. Company size had a significant effect only in the Czech Republic. Overall, the capital structure seemed to be strongly affected by the farm structure and the relative company size.

scholarly journals Analysis and Comparison of Economic and Financial Risk Sources in SMEs of the Visegrad Group and Serbia

2019 ◽  
Vol 11 (7) ◽  
pp. 1853 ◽  
Author(s):  
Judit Oláh ◽  
Sándor Kovács ◽  
Zuzana Virglerova ◽  
Zoltán Lakner ◽  
Maria Kovacova ◽  
...  
Keyword(s):  
Risk Management ◽  
Czech Republic ◽  
Financial Risk ◽  
Business Environment ◽  
Primary Objective ◽  
Categorical Variables ◽  
The Czech Republic ◽  
Risk Sources ◽  
Log Linear ◽  
Visegrad Group

Risk management is one of the most important internal process, not only in large companies but also in small and medium-sized enterprises (SMEs). To identify the source of risk can be crucial in all companies. The primary objective of this study is to analyze and compare the economic and financial risk sources in SMEs of the V4 (Visegrad Group: Czech Republic, Hungary, Poland and Slovakia) and Serbia, in the context of the business environment of the countries analyzed. To achieve this goal, a questionnaire-based survey was carried out involving 2110 SMEs from Hungary, Poland, Slovakia, the Czech Republic, and Serbia. The questionnaire included questions about the importance of risks and the concept of risk management in the company. To test the formulated hypotheses, the following statistical tools were used: contingency tables, a Z-value, and a general non-hierarchical log-linear model with three categorical variables and a continuous covariate. Finally, the differences among V4 countries and Serbia were identified. Serbia is more vulnerable to the financial risk sources studied than the V4 countries. The result of the research shows that insufficient profit is more hazardous compared to the other risk sources and all countries are more vulnerable in in this issue. The article concludes with a discussion and a comparison with previous international researches.

scholarly journals CSR ACTIVITIES IN THE CZECH SME SEGMENT

2020 ◽  
Vol 8 (1) ◽  
pp. 49-64 ◽  
Author(s):  
Zdenko Metzker ◽  
Justas Streimikis
Keyword(s):  
Czech Republic ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Management Practice ◽  
Business Owners ◽  
Z Score ◽  
The Czech Republic ◽  
Medium Enterprises ◽  
Corporate Social ◽  
Final Effect

The aim of the study is to find out the perception of the concept of corporate social responsibility (CSR) by the segment of small and medium-sized enterprises in the Czech Republic. In connection with the objectives of the study, a questionnaire survey was carried out on a sample of 419 respondents – business owners and managers. The data were collected from September 2019 to January 2020. χ2 and Z-score were used to assess the hypotheses. It was found that there were statistical differences in the perception of some aspects of the positive impact of the introduction of the CSR concept in case of monitoring responses based on the geographic scope of the business. The results showed that although the manager should take into account the ethical and moral implications of his decisions, less than half of the respondents are familiar with the concept of CSR and enforce it in their management practice and ultimately managers cannot identify positive benefits from CSR implementation – it declares positive answers whose values oscillate around 30%. The findings show that there are no statistically significant differences in the answers of managers depending on the size of the company - this proves that micro, small and medium enterprises, respectively their managers do not differ in their attitudes to the topic of CSR. The final effect of the paper is to show the perception of the concept of CSR of entrepreneurs - respondents in the Czech Republic.

scholarly journals Online grocery shopping: the customers´ perspective in the Czech Republic

Equilibrium ◽  
2021 ◽  
Vol 16 (3) ◽  
pp. 679-695
Author(s):  
Ottó Bartók ◽  
Vratislav Kozák ◽  
Radka Bauerová
Keyword(s):  
Czech Republic ◽  
Questionnaire Survey ◽  
Quantitative Research ◽  
Online Shopping ◽  
Statistical Evaluation ◽  
Value Added ◽  
Chi Square ◽  
The Czech Republic ◽  
Correlation Test ◽  
Chi Square Test

Research background: Online shopping is becoming popular among most customers thanks to quickness and easy shopping, and also due the COVID pandemic. Companies are aware of the great interest of customers and, as a consequence, e-commerce is expanding. There has been a significant increase in online grocery purchases due to economic growth in the past few years. Online shopping attracts a lot of research interest, individual authors and this is a widely discussed topic. It should be borne in mind that online purchasing of food has its own peculiarities compared to the segment of electronics or fashion from the perspective of everyday needs. Purpose of the article: The aim of the study is to analyze specific consumer behaviour in online purchasing of groceries. This study takes into account the age and purchasing preferences of online grocery purchasers. Methods: The study was conducted using quantitative research. Data (n = 171) was obtained by using a questionnaire survey done in the Czech Republic. The questionnaire survey contained 17 questions. For the statistical evaluation, Chi-square test and Pearson's correlation test were used. For the statistical evaluation, Chi-square test and Pearson´s correlation test were used. Findings & value added: The results of the study indicate that there is a relationship between the age of customers and online purchase in the grocery field. However, customers who use the         e-shop for grocery purchase are still reluctant to buy perishable goods (meat, pastries) and prefer goods that are packed directly by the manufacturer. The study sheds light on understanding the customers? purchasing behaviour and their preferences in terms of quality of service, payment terms, delivery conditions, and range of assortment.

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