[雙語翻譯]外文翻譯--捷克共和國中小企業(yè)財務(wù)風(fēng)險管理的影響因素研究（節(jié)選）

1、1中文 中文 9200 字， 字，5800 單詞， 單詞，3.1 萬英文字符 萬英文字符文獻出處： 文獻出處：Virglerová Z, Kozubíková L, Vojtovic S. Influence of selected factors on financial risk management in SMEs in the Czech Republic[J]. Montenegrin Journ

2、al of Economics, 2016, 12(1): 21.原文： 原文：Influence of selected factors on financial risk management in SMEs in the Czech RepublicZ Virglerova，L Kozubíková，S Vojtovi?The aim of this article is to analyze risk man

3、agement and the influence of selected factors on approaches to financial risk management in the small and medium-sized enterprises in Czech Republic. For this analysis there were used the results of the research conducte

4、d at Tomas Bata University in Zlin in 2015. As part of the research there were addressed entrepreneurs of SMEs in individual regions of the Czech Republic by a form of a questionnaire survey. Research covered a survey of

5、 the business environment in the Czech Republic, where for this article there were used questions regarding the perception of financial risks’ influence, their importance, the ability to manage financial risks and the us

6、e of instruments for their elimination. As part of the survey a total of 1,141 respondents from all regions of the Czech Republic have answered our questions. It was found out that more than 75% of the surveyed entrepren

7、eurs perceive the effect of financial risks in the business environment, but only 28.5% of businessmen believe that entrepreneurs have the ability to manage these risks. With the use of creation of reserves as a tool to

8、eliminate the negative impact of financial risks has agreed only 45% of the interviewed entrepreneurs. It was also found that opinions on the ability to manage financial risks and the increasing importance of financial r

9、isk in times of crisis vary according to the age of the entrepreneur and the age of his company.Keywords: Financial risks, small and medium-sized enterprises, financial crisis1. INTRODUCTION3As a result, the aim of this

10、article is to analyze risk management and the influence of selected factors (gender and age of the entrepreneur, age and size of the company) on approaches to financial risk management in the companies in the Czech Repub

11、lic.2. FINANCIAL RISKS IN SMEsMost of the business decisions are made in conditions of uncertainty. This means that there is an equal uncertainty, randomness in the development of conditions for business activities, duri

12、ng these activities and within their outcome. If we are able to quantify the likelihood of diversion of actual processes and outcomes from the expected level, we are talking about the risk. The risk is therefore quantita

13、ted uncertainty (Fetisovová et al., 2012).According to Smejkal and Raise (2006), the risk is characterized in another various ways: as the probability or possibility of loss or failure, as the variability of the pos

14、sible results or the uncertainty of their achievement, as the variation between expected and real results, as the probability of any result different from the expected one, as the situation when the quantitative magnitud

15、e of a certain occurrence is subject to a certain probability distribution, as the danger of the negative variation from the target (so called net risk), as the possibility of loss or profit (so called speculative risk),

16、 as the uncertainty resulting from the asset value volatility (so called investment risk), as the average value of the loss function, as the possibility of a specific threat prospering from a specific system vulnerabilit

17、y.According to Varcholová (2008), risk is a threat of loss at the certain level of knowledge of the environment. It means that from the business decision point of view, risk is compound by two elements: uncertainty

18、and negative influence of this uncertainty on the decision subject.Business risk has a complex form, because it includes multiple partial risks that are interconnected. Fetisovová et al. (2012) divides business risk

19、s on: strategic risks, operational risks, the financial risks, socio-political risks, and the risk of loss of the reputation.Business activities are determined by the business environment of the company which forces it t

20、o use a specific method of behavior and to choose specific business aims and ways how to achieve them. The social, legal and political environment, which are created by state, play an important role. The positive percept