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Important factors which predict entrepreneur's perception in business risk

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dc.title Important factors which predict entrepreneur's perception in business risk en
dc.contributor.author Çera, Gentjan
dc.contributor.author Belás, Jaroslav
dc.contributor.author Strnad, Zdeněk
dc.relation.ispartof Problems and Perspectives in Management
dc.identifier.issn 1727-7051 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2019
utb.relation.volume 17
utb.relation.issue 2
dc.citation.spage 415
dc.citation.epage 429
dc.type article
dc.language.iso en
dc.publisher LLC CPC Business Perspectives
dc.identifier.doi 10.21511/ppm.17(2).2019.32
dc.relation.uri https://businessperspectives.org/problems-and-perspectives-in-management/issue-318/important-factors-which-predict-entrepreneur-s-perception-in-business-risk
dc.subject Business relationship en
dc.subject Business risk en
dc.subject Czech Republic en
dc.subject Economic en
dc.subject Ordinal regression en
dc.subject Political and competitive environments en
dc.subject Slovakia en
dc.description.abstract This paper seeks to examine the role of factors originated from outside (economic, political, competitive environment and relationships) and within (entrepreneur's attitude) the organization on the business risk perceived by entrepreneurs. To test the hypothetical relationships, an ordinal regression with two link functions was applied on an original dataset of 641 small and medium-sized enterprises (SMEs) operating in Slovakia and Czech Republic. The analysis revealed that not only economic factors can predict business risk, but along with them are political and competitive environments, relationship with supply chain actors and entrepreneur's attitude. Consistent with prior research, it is found that an unstable economic environment leads the business to expose themselves to business risk. Also, a friendly regulation framework and quality education contribute significantly to reducing the level of risk. The research triggers the interest of policymakers who design policies aimed at improving the business environment by reducing the level of risk that firms face in doing business. Also, this paper is useful for managerial perspective, since entrepreneur attitude was found to be a predictor of business risk. © Gentjan Çera, Jaroslav Belás, Zdeněk Strnad, 2019 en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009102
utb.identifier.obdid 43879921
utb.identifier.scopus 2-s2.0-85071513118
utb.source j-scopus
dc.date.accessioned 2019-09-19T07:56:16Z
dc.date.available 2019-09-19T07:56:16Z
dc.rights Attribution 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.ou Department of Business Administration
utb.contributor.internalauthor Çera, Gentjan
utb.contributor.internalauthor Belás, Jaroslav
utb.fulltext.sponsorship This work was supported by the Internal Grant Agency of Tomas Bata University under Grant IGA/FaME/2019/002, titled “The role of institutional environment in fostering entrepreneurship”.
utb.scopus.affiliation Department of Business Administration, Tomas Bata University, Czech Republic; Department of Law, Faculty of Economics, University of South Bohemia in České, Budějovice, Czech Republic
utb.fulltext.projects IGA/FaME/2019/002
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