特定金融因素对 V4 国家中小企业生存的影响

Q2 Economics, Econometrics and Finance Investment Management and Financial Innovations Pub Date : 2023-12-22 DOI:10.21511/imfi.20(4).2023.36
Zdenko Metzker, Roman Hlawiczka, Irma Tabaku, Ho Thanh Tung
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引用次数: 0

摘要

中小型企业(SMEs)在全球经济中发挥着至关重要的作用。本文研究了维谢格拉德四国中小企业的财务管理态度,旨在了解这些态度如何影响企业的长期可持续性。这项实证研究于 2022 年 6 月进行,共有 1398 名受访者,包括维谢格拉德四国中小企业的所有者或高层管理人员。研究探讨了企业未来五年长期生存能力的各个方面。调查的核心是了解管理者对关键财务管理方面的理解、承担财务风险的意愿以及有效的风险管理如何促进公司的持久成功。此外,本研究还评估了对公司财务业绩的积极评价与其在商业领域的整体寿命之间的关系。结果表明,财务管理对中小企业的中期稳定性有重大影响。对中小企业稳定性产生积极影响的因素包括对财务风险的正确理解和管理,以及对公司财务活动的积极评价。相关分析表明,对 5 年期业务连续性的看法在一定程度上取决于对财务管理关键方面的理解、将财务风险作为日常运营的一部分并加以妥善管理。在研究中,V4 中小企业管理层对自身未来的积极愿景成为一个关键因素。总之,文章强调了有效的财务管理实践、风险理解和积极的自我评估对于中小企业在动态的商业环境中实现持续稳定发展的重要性:企业社会责任是中小企业获得银行贷款和外部资金来源的重要因素。
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The influence of selected financial factors on the survival of SMES in V4 countries
Small and medium-sized enterprises (SMEs) play a crucial role in the global economy. This article examines SMEs’ financial management attitudes in the Visegrad Four countries, aiming to understand how these attitudes impact the firms’ long-term sustainability. The empirical study, conducted in June 2022, involved 1,398 respondents, comprising owners or top managers of SMEs from V4 countries. The research explores various facets of the long-term viability of companies over the next five years. Central to the investigation is understanding how managerial comprehension of critical financial management aspects, the willingness to embrace financial risks, and effective risk management contribute to a company’s enduring success. Additionally, the study assesses how a positive evaluation of a company’s financial performance correlates with its overall longevity in the business landscape.Results indicate that financial management significantly influences SME stability in the medium term. Factors positively affecting SME stability include a proper understanding and management of financial risks, along with a positive assessment of the company’s financial activities. Correlation analysis suggests that the perception of business continuity over a 5-year horizon moderately depends on understanding key financial management aspects, accepting financial risks as part of daily operations, and adeptly managing them. A positive vision of V4 SME management regarding their own future emerged as a crucial factor in the study. In conclusion, the article underscores the importance of effective financial management practices, risk comprehension, and positive self-assessment for SMEs to achieve sustained stability in the dynamic business landscape. AcknowledgmentThis work is supported by Tomas Bata University in Zlin through IGA/FaME/2023/014: CSR as an important factor in obtaining bank loans and external financial sources for SMEs.
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来源期刊
Investment Management and Financial Innovations
Investment Management and Financial Innovations Economics, Econometrics and Finance-Finance
CiteScore
2.50
自引率
0.00%
发文量
99
审稿时长
11 weeks
期刊介绍: The international journal “Investment Management and Financial Innovations” encompasses the results of theoretical and empirical researches carried out both on macro- and micro-levels, concerning various aspects of financial management and corporate governance, investments and innovations (including using of quantitative methods). It is focused on the international community of financiers, both academics and practitioners. Key topics: financial and investment markets; government policy and regulation; corporate governance; information and market efficiency; financial forecasting and simulation; financial institutions: investment companies, investment funds, investment banks, hedge funds, private pension funds; objects of real and financial investing; financial instruments and derivatives; efficiency of investment projects; econometric and statistic methods in project management; alternative investments; ratings and rating agencies.
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