Dominant factors of SMEs failure – Multi-group Confirmatory Factor Analysis
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The paper aims to provide empirical clarification over some key failure factors of Small and Medium-sized Enterprises (SMEs), and also analysis of the similarities and differences in factors' relations in the Republic of Serbia and Visegrad countries. The SMEs' failures factors have been accessed from the point of view of SMEs owners and managers whose opinions were collected through a questionnaire disseminated in five countries (Hungary, Czech Republic, Slovak Republic, Poland and the Republic of Serbia). On the other hand, for the research presented in this paper, the data from Hungary, the Czech Republic and the Republic of Serbia were used. The structural equation model was developed and analyzed to confirm the reliability of the conceptual model, using multi-group confirmatory factor analysis (MGCFA) for comparative measurements on the observed data from different countries. The result showed the existence of differences in opinions of SMEs owners and managers concerning failure... factors in examined countries.
Кључне речи:
Small and medium sized enterprises / failure factors / multi-group analysisИзвор:
Serbian Journal of Management, 2019, 14, 2, 345-360Издавач:
- University of Belgrade - Technical Faculty in Bor
Финансирање / пројекти:
- International Visegrad Fund project: "HOW TO PREVENT SMEs FROM FAILURE (Actions based on comparative analysis in Visegrad countries and Serbia)"
Институција/група
Mašinski fakultetTY - JOUR AU - Milošević, Isidora AU - Mihajlović, Ivan AU - Stojanović, Anđelka PY - 2019 UR - https://machinery.mas.bg.ac.rs/handle/123456789/5503 AB - The paper aims to provide empirical clarification over some key failure factors of Small and Medium-sized Enterprises (SMEs), and also analysis of the similarities and differences in factors' relations in the Republic of Serbia and Visegrad countries. The SMEs' failures factors have been accessed from the point of view of SMEs owners and managers whose opinions were collected through a questionnaire disseminated in five countries (Hungary, Czech Republic, Slovak Republic, Poland and the Republic of Serbia). On the other hand, for the research presented in this paper, the data from Hungary, the Czech Republic and the Republic of Serbia were used. The structural equation model was developed and analyzed to confirm the reliability of the conceptual model, using multi-group confirmatory factor analysis (MGCFA) for comparative measurements on the observed data from different countries. The result showed the existence of differences in opinions of SMEs owners and managers concerning failure factors in examined countries. PB - University of Belgrade - Technical Faculty in Bor T2 - Serbian Journal of Management T1 - Dominant factors of SMEs failure – Multi-group Confirmatory Factor Analysis EP - 360 IS - 2 SP - 345 VL - 14 DO - 10.5937/sjm14-23536 ER -
@article{ author = "Milošević, Isidora and Mihajlović, Ivan and Stojanović, Anđelka", year = "2019", abstract = "The paper aims to provide empirical clarification over some key failure factors of Small and Medium-sized Enterprises (SMEs), and also analysis of the similarities and differences in factors' relations in the Republic of Serbia and Visegrad countries. The SMEs' failures factors have been accessed from the point of view of SMEs owners and managers whose opinions were collected through a questionnaire disseminated in five countries (Hungary, Czech Republic, Slovak Republic, Poland and the Republic of Serbia). On the other hand, for the research presented in this paper, the data from Hungary, the Czech Republic and the Republic of Serbia were used. The structural equation model was developed and analyzed to confirm the reliability of the conceptual model, using multi-group confirmatory factor analysis (MGCFA) for comparative measurements on the observed data from different countries. The result showed the existence of differences in opinions of SMEs owners and managers concerning failure factors in examined countries.", publisher = "University of Belgrade - Technical Faculty in Bor", journal = "Serbian Journal of Management", title = "Dominant factors of SMEs failure – Multi-group Confirmatory Factor Analysis", pages = "360-345", number = "2", volume = "14", doi = "10.5937/sjm14-23536" }
Milošević, I., Mihajlović, I.,& Stojanović, A.. (2019). Dominant factors of SMEs failure – Multi-group Confirmatory Factor Analysis. in Serbian Journal of Management University of Belgrade - Technical Faculty in Bor., 14(2), 345-360. https://doi.org/10.5937/sjm14-23536
Milošević I, Mihajlović I, Stojanović A. Dominant factors of SMEs failure – Multi-group Confirmatory Factor Analysis. in Serbian Journal of Management. 2019;14(2):345-360. doi:10.5937/sjm14-23536 .
Milošević, Isidora, Mihajlović, Ivan, Stojanović, Anđelka, "Dominant factors of SMEs failure – Multi-group Confirmatory Factor Analysis" in Serbian Journal of Management, 14, no. 2 (2019):345-360, https://doi.org/10.5937/sjm14-23536 . .