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Abstract
The Effect of Business Environment and Entrepreneurs’ Gender on Perception of Financial Risk in The Smes Sector
Highlights
Filser, Eggers, Kraus and Málovics (2014) state that the increasing pressure from globalization on today’s firms makes it hard to develop enduring competitive advantages, and improve business performance or create sustainable competitive advantage, which are cornerstones of any firm’s viability
Useful to analyse whether all items which belong to particular factor are reliable across all subsamples
Our results show that there are differences between men and women entrepreneurs in factors which are important for the perception of financial risk
Summary
Filser, Eggers, Kraus and Málovics (2014) state that the increasing pressure from globalization on today’s firms makes it hard to develop enduring competitive advantages, and improve business performance or create sustainable competitive advantage, which are cornerstones of any firm’s viability. The results of their study comparing SMEs in Austria and Hungary show that availability of financial resources promote entrepreneurial orientation and SME growth as a result. Their study shows that the more financial resources an SME possesses, the more likely it is to be “entrepreneurially oriented,” and the more it grows as a result. Small and medium-sized enterprises (SMEs) are the backbone of the Czech economy, as evidenced by the statistics. For the successful development of small and medium-sized enterprises it is important to create a suitable strategic and institutional framework to support the successful development of appropriate business conditions (Sobotovičová & Blechová, 2016). The added value of SMEs to the whole of the Czech Republic accounted for 53,11 %. (Ministry of Industry and Trade, 2015)
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