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Key determinants of the quality of business environment of SMEs in the Czech Republic

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dc.title Key determinants of the quality of business environment of SMEs in the Czech Republic en
dc.contributor.author Virglerová, Zuzana
dc.contributor.author Homolka, Lubor
dc.contributor.author Smrčka, Luboš
dc.contributor.author Lazányi, Kornélia
dc.contributor.author Klieštik, Tomáš
dc.relation.ispartof E a M Ekonomie a Management
dc.identifier.issn 1212-3609 OCLC, Ulrich, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 20
utb.relation.issue 2
dc.citation.spage 87
dc.citation.epage 101
dc.type article
dc.language.iso en
dc.publisher Technical University of Liberec
dc.identifier.doi 10.15240/tul/001/2017-2-007
dc.relation.uri https://dspace.tul.cz/handle/15240/20844
dc.subject Business environment en
dc.subject Quality of business environment of SMEs en
dc.subject Risk management en
dc.subject SMEs en
dc.description.abstract The business environment is determined by various obstacles the business owners have to deal with in the course of their work. This article aims to create a model of the quality of business environment, define the key determinants of this model, and quantify the correlations among the individual determinants in the area of small and medium-sized enterprises (SMEs) in the Czech Republic. Partial results of a survey carried out at the Tomas Bata University in Zlín in 2015 were used for the analysis. On the basis of previous surveys, four determinants were set that influence the quality of business environment (State, Public perception, Financial markets and banks, Business risks). From these four areas, questions were selected and asked to business owners in the Czech Republic in the abovementioned survey. Links were identified among selected questions asked to the owners. These links led to adjusting the business environment to four determinants: State and public perception, Banks and their approach to business, Knowledge of rules and principles, and financial risks and their increase in post-crisis time. Subsequently, correlations were identified among these determinants. It was ascertained that the knowledge of the conditions of the financial system leads to a positive perception of the banks’ approach in terms of external finance. Moreover, a positive influence of the banking sector on how the business owners perceive financial risks was identified. Another important result of the survey is the fact that business owners who have the necessary knowledge of the financial market perceive financial risks as less intense compared to those lacking such knowledge of the financial market. © 2017, Technical University of Liberec. All rights reserved. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007236
utb.identifier.obdid 43876534
utb.identifier.scopus 2-s2.0-85021280428
utb.identifier.wok 000405644600007
utb.source j-scopus
dc.date.accessioned 2017-09-03T21:40:04Z
dc.date.available 2017-09-03T21:40:04Z
dc.description.sponsorship Project RO FaME
utb.contributor.internalauthor Virglerová, Zuzana
utb.contributor.internalauthor Homolka, Lubor
utb.fulltext.affiliation Zuzana Virglerová, Lubor Homolka, Luboš Smrčka, Kornélia Lazányi, Tomáš Klieštik Ing. Zuzana Virglerová, Ph.D. Tomas Bata University in Zlín Faculty of Management and Economics Centre for Applied Economic Research virglerova@fame.utb.cz Ing. Lubor Homolka, Ph.D. Tomas Bata University in Zlín Faculty of Management and Economics Department of Statistics and Quantitative Methods homolka@fame.utb.cz Assoc. Prof. Ing. Luboš Smrčka, CSc. University of Economics Prague Faculty of Business Administration Department of Strategy smrckal@vse.cz Kornélia Lazányi, Ph.D. habil. Óbuda University Faculty of Business and Management Institute of Management and Organisation lazanyi.kornelia@kgk.uni-obuda.hu prof. Ing. Tomáš Klieštik, PhD. University of Žilina Faculty of Operation and Economics of Transport and Communications tomas.kliestik@pedas.uniza.sk
utb.fulltext.dates -
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utb.fulltext.sponsorship This paper was supported by Project RO FaME/2016: The business environment of small and medium enterprises.
utb.scopus.affiliation Tomas Bata University in Zlín, Faculty of Management and Economics, Centre for Applied Economic Research, Czech Republic; Tomas Bata University in Zlín, Faculty of Management and Economics, Department of Statistics and Quantitative Methods, Czech Republic; University of Economics Prague, Faculty of Business Administration, Department of Strategy, Czech Republic; Óbuda University, Faculty of Business and Management, Institute of Management and Organisation, Hungary; University of Žilina, Faculty of Operation and Economics of Transport and Communications, Slovakia
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