DUHÁČEK ŠEBESTOVÁ, Jarmila. Crisis Situation and Financial Planning for Sustainability: A Case of the Czech SMEs. In C. Popescu and R. Verma (Eds.). Sustainable and Responsible Entrepreneurship and Key Drivers of Performance. Hershey: IGI Global, 2021, p. 59-82. n/a. ISBN 978-1-7998-7951-0. Available from: https://dx.doi.org/10.4018/978-1-7998-7951-0.ch003.
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Basic information
Original name Crisis Situation and Financial Planning for Sustainability: A Case of the Czech SMEs
Authors DUHÁČEK ŠEBESTOVÁ, Jarmila (203 Czech Republic, guarantor, belonging to the institution).
Edition Hershey, Sustainable and Responsible Entrepreneurship and Key Drivers of Performance, p. 59-82, 24 pp. n/a, 2021.
Publisher IGI Global
Other information
Original language English
Type of outcome Chapter(s) of a specialized book
Field of Study 50204 Business and management
Country of publisher United States of America
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
WWW URL
RIV identification code RIV/47813059:19520/21:A0000299
Organization unit School of Business Administration in Karvina
ISBN 978-1-7998-7951-0
Doi http://dx.doi.org/10.4018/978-1-7998-7951-0.ch003
Keywords in English performance;financial planning; SMEs;investments
Tags International impact, Reviewed
Changed by Changed by: doc. Mgr. Ing. Jarmila Duháček Šebestová, Ph.D., učo 19986. Changed: 11/11/2022 07:58.
Abstract
In any crisis or uncertain situation, it is necessary to carefully decide about three main points: when, what to invest, and which financial sources will be used. A profit reinvestment would be an effective and safe way of circulating money flows in a company. The first wave of COVID-19 has changed business conditions not only in the Czech Republic, but also it has an influence on financial decisions of entrepreneurs on how to use financial resources in individual segments of the company. The main goal of this chapter is to compare the reinvestment behavior in the company before the crisis based on primary research data (at least 425 respondents). The chapter includes results of different preferences influenced by COVID-19 uncertainty, and factor analysis has shown that availability of internal resources was important to survive restrictions and to be able to continue in financial planning to sustainably develop the business. Unfortunately, the relationship between business experience and main motives to invest wasn't confirmed.
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