The Impact of Financial Culture on the Operation of Hungarian SMEs before and during COVID-19

The main aim of this study is to explore the conceptual framework corporate financial culture and its practical relevance in an emerging Central European market economy, at level Hungarian SME, with a special emphasis on SME sector. In our study, we highlight each dimension culture, focusing established index, within it, examine significance management elements sub-index risk insurance separately. addition, look for logical, causal, statistically verifiable relationships between literacy outcome decisions taking. were broken down over two years analysis. Approximately 2167 responses included 2019 sample 3281 2021 sample. These representative samples taken from sector multiple linear regression models built find significant moderation effect perceived risks activity companies. We conducted research different periods, unique feature which that survey before during coronavirus crisis, so could make comparative method used literature review analysis reference manuscripts, discussing topics related literacy, management, published last 10 years. Our results show there are positive company literacy. draw attention leaders culture—efficiency, profitability, stability.