Detailed Information on Publication Record
2020
IS A FINANCIAL LITERACY IMPORTANT FOR A REAL BUSINESS? A CASE STUDY
DUHÁČEK ŠEBESTOVÁ, Jarmila, Pavla POKORNÁ and Petra KREJČÍBasic information
Original name
IS A FINANCIAL LITERACY IMPORTANT FOR A REAL BUSINESS? A CASE STUDY
Authors
DUHÁČEK ŠEBESTOVÁ, Jarmila, Pavla POKORNÁ and Petra KREJČÍ
Edition
Olomouc, International Days of Science 2020 – Economics, Management, Innovation Proceedings of the International Scientific Conference, p. 69-78, 10 pp. 2020
Publisher
Moravian Business College Olomouc
Other information
Language
English
Type of outcome
Stať ve sborníku
Field of Study
50204 Business and management
Country of publisher
Czech Republic
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
electronic version available online
Organization unit
School of Business Administration in Karvina
ISBN
978-80-7455-084-3
Keywords in English
Financial literacy;knowledge; competitive advantage; SME
Tags
International impact, Reviewed
Změněno: 12/4/2023 09:41, Miroslava Snopková
Abstract
V originále
Financial literacy and reaction to solve business problems coming from the external macroenvironment are closely linked together. Here, we explored the financial literacy in a form of expectations that entrepreneur will behave as was recommended. The paper aims to compare a set of expectations (presented by a mixture of knowledge of financial ratios and processes) and their current behaviour. The results are based on primary research (238 respondents) in the Czech Republic. Those findings are presented in the form of “cross-tab” in the form of a correlation matrix. Moreover, the study confirmed a negative relationship related to self-financing activities and a significant role of the cash-flow statement. Based on these results, implications for further research on this topic, as well as implications for practitioners and educators are mentioned.