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The impact of social and economic factors in the credit risk management of SME

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dc.title The impact of social and economic factors in the credit risk management of SME en
dc.contributor.author Belás, Jaroslav
dc.contributor.author Smrčka, Luboš
dc.contributor.author Gavurová, Beáta
dc.contributor.author Dvorský, Ján
dc.relation.ispartof Technological and Economic Development of Economy
dc.identifier.issn 2029-4913 OCLC, Ulrich, Sherpa/RoMEO, JCR
dc.date.issued 2018
utb.relation.volume 24
utb.relation.issue 3
dc.citation.spage 1215
dc.citation.epage 1230
dc.type article
dc.language.iso en
dc.publisher Vilnius Gediminas Technical University
dc.identifier.doi 10.3846/tede.2018.1968
dc.relation.uri https://journals.vgtu.lt/index.php/TEDE/article/view/1968
dc.subject small and medium-sized enterprises en
dc.subject SME en
dc.subject credit risk en
dc.subject social factor en
dc.subject economic factor en
dc.subject credit risk management en
dc.subject Czech Republic en
dc.description.abstract Numerous research studies deal with the issue of researching the impacts on credit risk determinants in the SME segment. The study of economic factors that are easier to quantify from methodological point of view, and which prevent complex evaluation of causality of interest rate risk and the discovery of various social barriers dominate. This consistent fact forms a platform in designing the research to introduce a model of dependency of effective credit risk management in the SME segment on significant social and economic factors. Empirical research was carried out in the Czech business environment in 2017 on a sample of 352 enterprises. The structural analysis modeling (SEM) was the main analytical method. The research results confirmed the fact that an effective approach to managing the SME's credit risk is determined by a number of factors of a non-economic nature. The most important are education and family environment. These are followed by economic factors, such as a relationship with banks, financial knowledge in the area of capital and payment discipline. The multi-spectral dimension of the findings and causality also opened up a wide discussion and prepared a high-quality data research base for further deeper exploration of this issue. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1008204
utb.identifier.obdid 43878427
utb.identifier.scopus 2-s2.0-85054882789
utb.identifier.wok 000442131100020
utb.source j-wok
dc.date.accessioned 2018-10-03T11:13:02Z
dc.date.available 2018-10-03T11:13:02Z
dc.rights Attribution 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Belás, Jaroslav
utb.contributor.internalauthor Dvorský, Ján
utb.fulltext.affiliation Jaroslav BELAS 1, Lubos SMRCKA 2, Beata GAVUROVA 3*, Jan DVORSKY 4 1, 4 Department of Enterprise Economics, Faculty of Management and Economics, Thomas Bata University, Zlin, Czech Republic 2 Department of Strategy, Faculty of Business Administration, University of Economics Prague, Prague, Czech Republic 3 Department of Banking and Investment, Faculty of Economics, Technical University of Košice, Němcovej 32, 04001 Košice, Slovakia *Corresponding author. E-mail: beata.gavurova@tuke.sk
utb.fulltext.dates Received 11 June 2017; accepted 27 August 2017
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utb.fulltext.sponsorship -
utb.wos.affiliation [Belas, Jaroslav; Dvorsky, Jan] Thomas Bata Univ, Fac Management & Econ, Dept Enterprise Econ, Zlin, Czech Republic; [Smrcka, Lubos] Univ Econ Prague, Fac Business Adm, Dept Strategy, Prague, Czech Republic; [Gavurova, Beata] Tech Univ Kosice, Fac Econ, Dept Banking & Investment, Nemcovej 32, Kosice 04001, Slovakia
utb.scopus.affiliation Department of Enterprise Economics, Faculty of Management and Economics, Thomas Bata University, Zlin, Czech Republic; Department of Strategy, Faculty of Business Administration, University of Economics Prague, Prague, Czech Republic; Department of Banking and Investment, Faculty of Economics, Technical University of Košice, Němcovej 32, Košice, 04001, Slovakia
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