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RISK AS FACTOR OF PERFORMANCE AND COMPETITIVENESS OF SLOVAK BUSINESSES
Abstract
Business and its performance are influenced by many factors. In this paper we focused on the analysis of risks that are important determinants of business performance. The aim of the paper was to assess the impact of risks on performance as well as competitiveness of Slovak businesses. To fulfil the aim, the data of businesses operating in Slovak heat industry were used. The input analysis of selected risks was realised with the aim of generalizing and processing conclusions focused on the impact of risks on business performance and competitiveness. The performance of selected sample of businesses was quantified with the use of EVA indicator. To assess the relationship between selected risks and performance, we processed a correlation matrix complemented by examination of the impact of selected risks on performance applying regression analysis. The contribution of the paper was the identification of risks which influence the performance as well as competitiveness of businesses operating in selected industry.
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