Analysis of the Risks of Small and Medium-Sized Enterprises in the Zilina Region

Maria Hudakova,Dana Leo-Paul,Jaroslav Belas,Katarina Buganova,Jan Dvorsky

doi:10.26552/com.c.2015.1.34-39

Maria Hudakova, Dana Leo-Paul + Show 3 more

Open Access

https://doi.org/10.26552/com.c.2015.1.34-39

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Abstract

Small and medium-sized enterprises (SMEs) are very sensitive to changes in the business environment which after a certain time are always reflected into quantitative characteristics of this sector. In 2013, we accomplished a statistical survey on current trends in the field of business risks for SMEs in selected regions of the Czech Republic and Slovakia. In this article we want to analyze the effects of selected risks of the survey with respect to the length of the small and medium-sized business enterprises in the Zilina region. SMEs should be aware of their risks, mainly due to their importance in the economic system of the Slovak Republic, which mostly lies in their inconsiderable share to create job positions in the region.

Highlights

Using the calculation of parametric tests two basic conditions had to be met: the resulting p-value of the intensity of the key risks of the homoscedasticity test and normality test to verify intensities of risks must be higher than the level of significance 0.05 we have chosen
For the use of the parametric test of the mean values of market risk in the three groups of Small and medium-sized enterprises (SMEs) according to the length of business in Zilina, the following conditions are as follows: 1. Homoscedasticity was fulfilled
Using statistical methods and tools we were able to determine whether the average values of the key risks are dependent on the number of years of enterprise activities in the Zilina region or not

Summary

Defining the problem

Small and medium-sized enterprises (SMEs) have become an increasingly important component of economic development, representing a substantial proportion of national economies worldwide [1]. Small and medium-sized enterprises can be regarded as the driving force of national economies, as they create favorable conditions for increasing employment, the realization of innovative processes, and create a suitable social environment in the regions [3]. Their flexibility predisposes to become a regional stabilization factor, even at the moment, at a time of increasing competitive pressures

Current state of the business environment in the Zilina region in Slovakia

Management of business risks in Slovakia

Objective and procedure of problem solving

Analysis of variance of SMEsmarket risk

Analysis of the variance of financial risk for SMEs

Conclusion