DISPARITIES IN THE PERCEPTION OF BUSINESS RISKS IN CONNECTION WITH THE ACHIEVED EDUCATION OF THE OWNER/MANAGER AND DOING BUSINESS

Abstract

The article aims to identify disparities in the perception of business risks connected with the achieved education of the owner/manager and doing business in the SME segment. The study's empirical part was realised on 1585 fulfil questionnaires of SMEs in the Visegrad countries (V4). The Chi-square test and Z-test verified the formulated statistical hypotheses. The research results brought a common and different perception of business risks between the examined groups of entrepreneurs. The results showed that the relationship between education and the entrepreneur's business area is not a statistically significant factor in the perception of market, financial and legal risk sources. On the contrary, disparities are significant in the perception of selected sources of management, strategic and personnel risk, between groups of entrepreneurs regarding the relationship between education and the business of the entrepreneur. Entrepreneurs whose education is related to the area of business perceive the sources of personnel risk (employee turnover and the effort of employees to increase their performance) more positively than entrepreneurs whose education is not related to business.