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Debt as a financial risk factor in SMEs in the Czech Republic

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dc.title Debt as a financial risk factor in SMEs in the Czech Republic en
dc.contributor.author Kramoliš, Jan
dc.contributor.author Dobeš, Kamil
dc.relation.ispartof Equilibrium-Quarterly Journal of Economics and Economic Policy
dc.identifier.issn 1689-765X Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2020
utb.relation.volume 15
utb.relation.issue 1
dc.citation.spage 87
dc.citation.epage 105
dc.type article
dc.language.iso en
dc.publisher Inst Economic Research-Poland
dc.identifier.doi 10.24136/eq.2020.005
dc.relation.uri http://economic-research.pl/Journals/index.php/eq/article/view/1765
dc.subject risk management en
dc.subject debt awareness en
dc.subject company debt en
dc.subject indebtedness en
dc.subject debt repayment en
dc.subject SMEs en
dc.description.abstract Research Background: The approach is based on theoretical sources and completed studies on business debt, debt level and repayment awareness and how this issue relates to SMEs in the Czech Republic. Purpose of the article: The main purpose of this paper is to examine the attitude of SMEs towards the issue of company debt and its position within the economy. This attitude is an inherent part of the company's risk management. Methods: Three researched issues (How strongly is company debt perceived as a financial risk factor; Does the company consider debt to be a serious matter in their business; What measures does the company take to reduce risk) supported by hypotheses, which verified the thesis, were statistically tested. Finding & Value added: Practical implications confirm the thesis that there is a belief that SMEs do not consider debt to be a critical factor of business risk and do not associate it directly with the major risk of business failure. SMEs do not view debt negatively and do not directly link debt to the risk of failure. Consequently, companies consider the risk of indebtedness as relatively insignificant. Their approach to indebtedness is therefore generally passive and they also believe that it will not jeopardize their business, and they will always somehow manage to solve it through insurance, risk avoidance and through creation of financial reserves. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009695
utb.identifier.obdid 43881730
utb.identifier.scopus 2-s2.0-85097106834
utb.identifier.wok 000530328200005
utb.source J-wok
dc.date.accessioned 2020-05-27T10:12:52Z
dc.date.available 2020-05-27T10:12:52Z
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Kramoliš, Jan
utb.contributor.internalauthor Dobeš, Kamil
utb.fulltext.affiliation Jan Kramoliš, Kamil Dobeš Tomas Bata University in Zlín, Czech Republic orcid.org/0000-0002-1687-8067 Tomas Bata University in Zlín, Czech Republic orcid.org/0000-0003-1448-1936
utb.fulltext.dates Received: 07.11.2019 Revised: 25.02.2020 Accepted: 01.03.2020 Published online: 28.03.2020
utb.wos.affiliation [Kramolis, Jan; Dobes, Kamil] Tomas Bata Univ Zlin, Zlin, Czech Republic
utb.scopus.affiliation Tomas Bata University, Zlín, Czech Republic
utb.identifier.jel M14
utb.identifier.jel M21
utb.identifier.jel G32
utb.identifier.jel H63
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