CONTENT // INTRODUCTION 7 // 1 ACTUAL STATE OF THE ART IN A FIELD OF STUDY 9 // 1.1 Small and medium-sized enterprises 9 // 1.2 Business Risks of SMEs 17 // 1.2.1 General definition of business risks 12 // 1.2.2 Strategic risk 14 // 1.2.3 Operational risk 14 // 1.2.4 Financial risk 15 // 1.2.4.1 Funding risk 18 // 1.2.4.2 Credit risk 70 // 1.2.4.3 Liquidity risk 70 // 1.2.4.4 Risk of a change of interest rates 21 // 1.2.4.5 Currency risk 71 // 1.2.4.6 Risk of inflation 22 // 1.2.4.7 Counterparty default risk 22 // 1.2.5 Social and political risks 27 // 1.2.6 Reputational risks 28 // 1.2.7 Risks in the field of export financing 29 // 1.3 Influence of the selected factors on financial risks 32 // 1.3.1 Influence of the selected factors on the entrepreneurship 32 // 1.3.2 Gender 33 // 1.3.3 Level of education 35 // 1.3.4 Age 37 // 1.4 Summary of the current state of research in the field 40 // 2 OBJECTIVES, SCIENTIFIC QUESTIONS AND HYPOTHESES 42 // 3 APPLIED METHODOLOGY, DATA AND PROCEDURES 46 // 4 THE RESULTS OF THE STUDY 53 // 4.1 Financial risks 53 // 4.2 External bank financing of SMEs 65 // 4.3 Payment discipline of SMEs 78 // 4.4 Export, export potential of SMEs and the selected issues of export-financing 86 // 4.5 The ability to manage financial risks in the company 102 // 5 DISCUSSION // 113 // CONCLUSION 123 // LITERATURE 125 // ATTACHMENTS 135