2nd EAI International Conference on Management of Manufacturing Systems

Research Article

Synergetic effect of financial risk in small and medium enterprises (SMEs)

Download7 downloads
  • @INPROCEEDINGS{10.4108/eai.22-11-2017.2274132,
        author={Dagmar Cag\^{a}ňov\^{a} and Alina Kovalenko},
        title={Synergetic effect of financial risk in small and medium enterprises (SMEs)},
        proceedings={2nd EAI International Conference on Management of Manufacturing Systems},
        publisher={EAI},
        proceedings_a={MMS CONFERENCE},
        year={2018},
        month={3},
        keywords={small and medium enterprises main characteristics of risk financial risk threats and possibilities of smes methods of financial risk management synergistic effects of financial risk},
        doi={10.4108/eai.22-11-2017.2274132}
    }
    
  • Dagmar Cagáňová
    Alina Kovalenko
    Year: 2018
    Synergetic effect of financial risk in small and medium enterprises (SMEs)
    MMS CONFERENCE
    EAI
    DOI: 10.4108/eai.22-11-2017.2274132
Dagmar Cagáňová1,*, Alina Kovalenko2
  • 1: Slovak University of Technology in Bratislava, Faculty of Materials Science and Technology in Trnava, Institute of Industrial Engineering and Management, Bottova 25, 917 00 Trnava, Slovakia
  • 2: Technical University of Košice, Faculty of Manufacturing Technologies with a seat in Prešov, Bayerova 1, 08001 Prešov, Slovakia
*Contact email: dagmar.caganova@stuba.sk

Abstract

Small and medium-sized enterprises, in the course of their activities, pursue certain goals, whether to be augmenting capital or entering the international market. In this regard, on the way the managers and the management of the company have tasks that require an early solution with maximum benefit to the enterprise and minimal financial costs. Thus, the main task of the risk manager is to analyse the possible situation, rationally use the company's resources with minimal losses as a result. It is also important for the manager to predict what the company is waiting for at the last stage of implementing the decision in the fight against the risk situation. It should be noted that in the European Union the political and economic situation is somewhat destabilized which affects the economic activities of enterprises. Therefore, this article has a weight for managers and managers of small and medium- sized enterprises, as they consider the main characteristics of financial risk, their impact on companies' activities, and also consider the synergistic effects of this type of risk on the further development of enterprises.