Scientific Papers


© CSR, 2008-2019
ISSN: 2306-3483 (Online), 2071-8330 (Print)

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The impact of selected HRM factors on company´s survival of SMEs: Empirical research in V4 countries

Vol. 17, No 1, 2024


Jaroslav Belas


Alexander Dubček University in Trenčín,

Trenčín, Slovakia 

ORCID 0000-0002-5900-997X

The impact of selected HRM factors on company´s survival of SMEs: Empirical research in V4 countries

Renata Machova


Department of Management, J. Selye University,

Slovak Republic 

ORCID 0000-0002-7817-0187

Judit Oláh


John von Neumann University,

Kecskemét, Hungary;

College of Business and Economics,

University of Johannesburg, Johannesburg, South Africa;

University of Debrecen, Faculty of Economics and Business, Hungary

ORCID 0000-0003-2247-1711

Zdenko Metzker


Tomas Bata University in Zlín,

Czech Republic 

ORCID 0000-0002-6962-2428




Abstract. This paper aimed to present and quantify the impact of significant HRM factors on the survival of SMEs in the V4 countries. In June 2022, researchers conducted a study in the Visegrad Four countries to understand the attitudes of SMEs. The study employed a random sampling method and included 1,398 respondents. The established scientific hypothesis was verified using linear regression modelling at a significance level of ɑ = 5%. The study found a link between specific HR practices and the medium-term survival of SMEs in the Visegrad Four countries. The intensity of this dependence varies across the V4 countries. Czech respondents emphasized the importance of investing in improving the qualification of their employees in the context of firm sustainability. At the same time, Slovak SMEs drew attention to the importance of the existing incentive system for employees. SMEs in Poland strongly and positively perceived the importance of human capital in the company and regular evaluation of employee performance in their attitudes. A somewhat surprising finding is that in Hungary, the individual HRM factors were not statistically significant. The aggregate model for all V4 countries showed the highest intensity of dependence between the defined variables.


Received: April, 2023

1st Revision: January, 2024

Accepted: March, 2024


DOI: 10.14254/2071-8330.2024/17-1/7


JEL ClassificationJ24, J53, L26

Keywordssmall and medium-sized enterprises, Human Resource Management, factors of HRM, company´s survival