Detailed Information on Publication Record
2021
Crisis Situation and Financial Planning for Sustainability: A Case of the Czech SMEs
DUHÁČEK ŠEBESTOVÁ, JarmilaBasic 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
Language
English
Type of outcome
Kapitola resp. kapitoly v odborné knize
Field of Study
50204 Business and management
Country of publisher
United States of America
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
printed version "print"
References:
RIV identification code
RIV/47813059:19520/21:A0000299
Organization unit
School of Business Administration in Karvina
ISBN
978-1-7998-7951-0
Keywords in English
performance;financial planning; SMEs;investments
Tags
International impact, Reviewed
Změněno: 11/11/2022 07:58, doc. Mgr. Ing. Jarmila Duháček Šebestová, Ph.D.
Abstract
V originále
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.