The impact of social and economic factors in the credit risk management of SME
Numerous research studies deal with the issue of researching the impacts on credit risk determinants in the SME segment. The study of economic factors that are easier to quantify from methodological point of view, and which prevent complex evaluation of causality of interest rate risk and the discov...
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Vilnius Gediminas Technical University
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doaj-7edeb6d278854455b53576edf88d369a2021-07-02T14:04:06ZengVilnius Gediminas Technical UniversityTechnological and Economic Development of Economy2029-49132029-49212018-05-0124310.3846/tede.2018.1968The impact of social and economic factors in the credit risk management of SMEJaroslav Belas0Lubos Smrcka1Beata Gavurova2Jan Dvorsky3Department of Enterprise Economics, Faculty of Management and Economics, Thomas Bata University, Zlin, Czech RepublicDepartment of Strategy, Faculty of Business Administration, University of Economics Prague, Prague, Czech RepublicDepartment of Banking and Investment, Faculty of Economics, Technical University of Košice, Němcovej 32, 04001 Košice, SlovakiaDepartment of Enterprise Economics, Faculty of Management and Economics, Thomas Bata University, Zlin, Czech RepublicNumerous research studies deal with the issue of researching the impacts on credit risk determinants in the SME segment. The study of economic factors that are easier to quantify from methodological point of view, and which prevent complex evaluation of causality of interest rate risk and the discovery of various social barriers dominate. This consistent fact forms a platform in designing the research to introduce a model of dependency of effective credit risk management in the SME segment on significant social and economic factors. Empirical research was carried out in the Czech business environment in 2017 on a sample of 352 enterprises. The structural analysis modeling (SEM) was the main analytical method. The research results confirmed the fact that an effective approach to managing the SME’s credit risk is determined by a number of factors of a noneconomic nature. The most important are education and family environment. These are followed by economic factors, such as a relationship with banks, financial knowledge in the area of capital and payment discipline. The multi-spectral dimension of the findings and causality also opened up a wide discussion and prepared a high-quality data research base for further deeper exploration of this issue. http://journals.vgtu.lt/index.php/TEDE/article/view/1968small and medium-sized enterprisesSMEcredit risksocial factoreconomic factorcredit risk management |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Jaroslav Belas Lubos Smrcka Beata Gavurova Jan Dvorsky |
spellingShingle |
Jaroslav Belas Lubos Smrcka Beata Gavurova Jan Dvorsky The impact of social and economic factors in the credit risk management of SME Technological and Economic Development of Economy small and medium-sized enterprises SME credit risk social factor economic factor credit risk management |
author_facet |
Jaroslav Belas Lubos Smrcka Beata Gavurova Jan Dvorsky |
author_sort |
Jaroslav Belas |
title |
The impact of social and economic factors in the credit risk management of SME |
title_short |
The impact of social and economic factors in the credit risk management of SME |
title_full |
The impact of social and economic factors in the credit risk management of SME |
title_fullStr |
The impact of social and economic factors in the credit risk management of SME |
title_full_unstemmed |
The impact of social and economic factors in the credit risk management of SME |
title_sort |
impact of social and economic factors in the credit risk management of sme |
publisher |
Vilnius Gediminas Technical University |
series |
Technological and Economic Development of Economy |
issn |
2029-4913 2029-4921 |
publishDate |
2018-05-01 |
description |
Numerous research studies deal with the issue of researching the impacts on credit risk determinants in the SME segment. The study of economic factors that are easier to quantify from methodological point of view, and which prevent complex evaluation of causality of interest rate risk and the discovery of various social barriers dominate. This consistent fact forms a platform in designing the research to introduce a model of dependency of effective credit risk management in the SME segment on significant social and economic factors. Empirical research was carried out in the Czech business environment in 2017 on a sample of 352 enterprises. The structural analysis modeling (SEM) was the main analytical method. The research results confirmed the fact that an effective approach to managing the SME’s credit risk is determined by a number of factors of a noneconomic nature. The most important are education and family environment. These are followed by economic factors, such as a relationship with banks, financial knowledge in the area of capital and payment discipline. The multi-spectral dimension of the findings and causality also opened up a wide discussion and prepared a high-quality data research base for further deeper exploration of this issue.
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topic |
small and medium-sized enterprises SME credit risk social factor economic factor credit risk management |
url |
http://journals.vgtu.lt/index.php/TEDE/article/view/1968 |
work_keys_str_mv |
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