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The internationalization of SMEs in Central Europe and its impact on their methods of risk management

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dc.title The internationalization of SMEs in Central Europe and its impact on their methods of risk management en
dc.contributor.author Virglerová, Zuzana
dc.contributor.author Khan, Muhammad Asif
dc.contributor.author Martinkute-Kauliene, Raimonda
dc.contributor.author Kovács, Sandor
dc.relation.ispartof Amfiteatru Economic
dc.identifier.issn 1582-9146 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2020
utb.relation.volume 22
utb.relation.issue 55
dc.citation.spage 792
dc.citation.epage 807
dc.type article
dc.language.iso en
dc.publisher Editura ASE Bucuresti
dc.identifier.doi 10.24818/EA/2020/55/792
dc.relation.uri https://www.amfiteatrueconomic.ro/temp/Article_2931.pdf
dc.subject risk manager en
dc.subject V4 (Czech Republic, Hungary Slovakia, Poland) en
dc.subject enterprise en
dc.subject risk management en
dc.subject ERM en
dc.subject sustainability en
dc.description.abstract The international business environment is very competitive, and enterprises should be aware of how to manage business risks, which methods to choose, and what impact these risks have on the sustainability of these methods and on the whole system. The aim of this article is to analyse the impact of the internationalization of SMEs on risk management and define the differences in perceptions of the importance of sustainability regarding this system. Data from an extensive research study in V4 countries (Czech Republic, Hungary Slovakia, Poland) were analysed. Data were collected through on-line questionnaire in 2018, and a total of 1781 valid responses by SMEs were included in this research. To fulfil the research aim, three hypotheses were established. The odds ratio was calculated for the effect of company type (international x domestic) on the different individuals responsible for risk management. The Tarantula similarity measure was calculated to measure the strength and pairwise relationships between risk reducing strategies and risk management techniques. The Chi-Square test was applied to assess differences between variables. The results show that a specialized risk manager is authorized to deal with risk management in international companies more often than in domestic companies. There are also differences in the relationship between risk managing techniques and risk reducing strategies, depending on the presence of the business on international market. Companies in the international market are more focused on methods of risk management which support sustainability and their system of risk management has a more stable future. © 2020 Editura ASE Bucuresti. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009888
utb.identifier.obdid 43881387
utb.identifier.scopus 2-s2.0-85090088776
utb.identifier.wok 000560127700011
utb.source j-scopus
dc.date.accessioned 2020-09-15T13:41:17Z
dc.date.available 2020-09-15T13:41:17Z
dc.description.sponsorship Janos Bolyai Research Scholarship of the Hungarian Academy of SciencesHungarian Academy of Sciences
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Virglerová, Zuzana
utb.fulltext.affiliation Zuzana Virglerova 1, Muhammad Asif Khan 2*, Raimonda Martinkute-Kauliene 3, Sandor Kovács 4 1) Tomas Bata University in Zlín, Czech Republic 2) University of Kotli, Jammu and Kashmir, Pakistan 3) Vilnius Gediminas Technical University, Lithuania 4) University of Debrecen, Hungary * Corresponding author, Muhammad Asif Khan – khanasif82@hotmail.com
utb.fulltext.dates Received: 30 March 2020 Revised: 8 May 2020 Accepted: 20 June 2020
utb.fulltext.sponsorship This paper was supported by the János Bolyai Research Scholarship of the Hungarian Academy of Sciences.
utb.wos.affiliation [Virglerova, Zuzana] Tomas Bata Univ Zlin, Zlin, Czech Republic; [Khan, Muhammad Asif] Univ Kotli, Kotli, Jammu & Kashmir, Pakistan; [Martinkute-Kauliene, Raimonda] Vilnius Gediminas Tech Univ, Vilnius, Lithuania; [Kovacs, Sandor] Univ Debrecen, Debrecen, Hungary
utb.scopus.affiliation Tomas Bata University in Zlín, Czech Republic; University of Kotli, Jammu and Kashmir, Pakistan; Vilnius Gediminas Technical University, Lithuania; University of Debrecen, Hungary
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Attribution 4.0 International Except where otherwise noted, this item's license is described as Attribution 4.0 International