THE PERCEPTION OF SMES BANKRUPTCY CONCERNING CSR IMPLEMENTATION

Reference: Metzker, Z., Marousek, J., Zvarikova, K., Hlawiczka, R. (2021). The perception of SMEs bankruptcy concerning CSR implementation. International Journal of Entrepreneurial Knowledge, 9(2), 85-95. doi: 10.37335/ijek.v9i2.146

Authors

DOI:

https://doi.org/10.37335/ijek.v9i2.146

Keywords:

Corporate social responsibility, CSR impact on bankruptcy perception, small and medium-sized enterprises, business environment in the V4 countries, V4 SMEs segment

Abstract

This study aims to evaluate the perception of bankruptcy by small and medium-sized enterprises from the V4 region. CSR implementation in business activities was selected as the comparison criterion. The research paper is based on a questionnaire survey of 1585 respondents. The data were collected from September 2019 to January 2020. The research hypotheses were evaluated using the χ-quadrat test and Z-score statistical methods. Differences between the enterprises which implemented CSR in business and other companies were found. The research focused on bankruptcy perception as a natural part of the business and as a valuable experience for future company development. Entrepreneur failure and self-confidence showed that V4 SMEs with implemented CSR are less likely to go bankrupt if adverse economic developments occur. However, less than 50% of entrepreneurs consider bankruptcy as a valuable experience for further business. The majority of managers who have experience with CSR implementation positively differed in their opinions versus those without this experience. In general, V4 entrepreneurs who implemented CSR have a more positive perception of bankruptcy questions. The results may be interesting for those who promote or implement CSR in the focused countries. Our findings can be helpful for entrepreneurs to consider the benefits of being socially responsible in the working environment conception.

Author Biographies

Zdenko Metzker, Tomas Bata University in Zlin, Faculty of Management and Economics, Zlin, Czech Republic

Ing. Zdenko Metzker

Ph.D. student in Centre of Applied Economics Research, Faculty of Management and Economics Thomas Bata University in Zlin, Mostni 5139, Zlin, Czech Republic, e-mail: metzker@utb.cz.  His research field is focused on Corporate social responsibility in small and medium-sized enterprises segment.

Josef Maroušek, Faculty of Technology, Institute of Technology and Business in České Budějovice, České Budějovice, Czech Republic

doc. Ing. Josef Maroušek, Ph.D.

Associate. professor at the Faculty of Technology, Institute of Technology and Business in České Budějovice, České Budějovice, Czech Republic. Email: marousek@mail.vstecb.cz. His research field is focused on Corporate social responsibility and sustainable development of enterprises.

Katarína Zvaríková, University of Zilina, Faculty of Operation and Economics of Transport and Communications, Zilina, Slovak Republic

Ing. Katarina Zvarikova, PhD.

Associate. professor at the Department of Economics, Faculty of Operation and Economics of Transport and Communications, Univerzitna 8215/1, University of Zilina. Her research activities focus mainly on applying methods in the financial management and decision-making process of companies, risk quantification and analysis, quantitative mathematical, statistical methods in the company's financial management.

Roman Hlawiczka, Silesian University in Opava, School of Business Administration in Karviná, Karviná, Czech Republic

Ing. Roman Hlawiczka, Ph.D.

Assistent at Silesian University in Opava, School of Business Administration in Karviná, Department of Finance and Accounting, Univerzitní náměstí 1934/3, 733 40 Karviná, Czech Republic, E-mail: roman.hlawiczka@opf.slu.cz. His scientific activities are concentrated on business administration, financing of enterprises, and financial services. 

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Published

2021-12-22