Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic
Belás Jaroslav, Macháček Jiří, Bartoš Přemysl, Hlawiczka Roman,
Hudáková Mária
Keywords:
small and medium enterprises, business risks, market risk, financial risk, personal risk, commercial
banks, entrepreneurial optimism
Abstract:
The aim of this article is to define and compare current trends within business risks among small
and medium enterprises in selected regions of the Czech Republic and Slovakia in the context of
entrepreneurial optimism. In 2013, the research on entrepreneurs’ opinions in the Zlín Region
(Czech Republic) and Žilina Region (Slovakia) was conducted. These regions have similar economic
parameters and are separated by only a few miles.
According to our research, it can be stated that during the period of financial crisis, the situation
in the SME business deteriorated significantly with declining performance and profitability of
Czech and Slovak small and medium enterprises. The most important business risk is still market
risk, followed by financial and eventually personal risk. Our research showed that the profitability
of Czech and Slovak small and medium enterprises decreased by 15%. Despite these facts,
the level of entrepreneurial optimism among SME in the selected regions of the Czech Republic
and Slovakia is very high.
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 Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic [PDF file] [Filesize: 916.56 KB]
 10.7441/joc.2014.02.03
Belás J., Macháček J., Bartoš P., Hlawiczka R.,
Hudáková M. (2014). Business Risks and the Level of Entrepreneurial Optimism among SME in the Czech and Slovak Republic. Journal of Competitiveness, 6 (2), 30-41 https://doi.org/10.7441/joc.2014.02.03
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