Research Article
Synergetic effect of financial risk in small and medium enterprises (SMEs)
@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}, 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
EAI
DOI: 10.4108/eai.22-11-2017.2274132
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.
