Róbert Tóth|Richárd Kása|Csaba Lentner
The Impact of Financial Culture on the Operation of Hungarian SMEs before and during COVID-19
Károli Gáspár University of the Reformed Church in Hungary|Institute of Economics|Budapest Business University|University of Public Service
main aim study explore conceptual framework corporate financial culture practical relevance emerging central european market economy level hungarian sme special emphasis hungarian sme sector study highlight dimension corporate financial culture focusing established corporate financial culture index within examine significance financial management elements subindex risk insurance subindex separately addition look logical causal statistically verifiable relationships corporate financial literacy outcome corporate financial decisions corporate risk taking relationships broken two years analysis approximately 2167 responses included 2019 sample 3281 2021 sample representative samples taken hungarian sme sector multiple linear regression models built find significant moderation effect financial literacy perceived risks insurance activity companies conducted research two different periods unique feature conducted survey coronavirus crisis could make comparative analysis method used research study literature review analysis reference manuscripts discussing topics related financial literacy corporate risk management corporate financial management published last 10 years results show positive significant relationships company management corporate risk management corporate financial literacy results study draw attention company leaders practical significance financial cultureefficiency profitability stability