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The business environment of small and medium-sized enterprises in selected regions of the Czech Republic and Slovakia

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dc.title The business environment of small and medium-sized enterprises in selected regions of the Czech Republic and Slovakia en
dc.contributor.author Belás, Jaroslav
dc.contributor.author Demjan, Valér
dc.contributor.author Habánik, Jozef
dc.contributor.author Hudáková, Mária
dc.contributor.author Sipko, Juraj
dc.relation.ispartof E+M Ekonomie a Management
dc.identifier.issn 1212-3609 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2015
utb.relation.volume 18
utb.relation.issue 1
dc.citation.spage 95
dc.citation.epage 110
dc.type article
dc.language.iso en
dc.publisher Technická univerzita v Liberci
dc.identifier.doi 10.15240/tul/001/2015-1-008
dc.relation.uri http://www.ekonomie-management.cz/archiv/vyhledavani/detail/1210-the-business-environment-of-small-and-medium-sized-enterprises-in-selected-regions-of-the-czech-republic-and-slovakia/
dc.subject Small and medium-sized enterprises en
dc.subject business environment en
dc.subject motives for business en
dc.subject business risks en
dc.subject SMEs in society en
dc.subject business optimism en
dc.description.abstract The aim of this article was to define and compare current trends in the business environment of small and medium-sized enterprises in selected regions of the Czech Republic and Slovakia. In accordance with the objective, motivational factors, status in the society, levels of corruption, current business risks, approaches to loan financing, the ability to manage financial risks and business optimism in the business environment have been examined. In 2013, research into entrepreneurs' opinions in the Czech Republic (Zlin Region) and Slovakia (Zilina and Trencin Regions) was conducted. These neighbouring regions have similar economic parameters. According to our findings, the most important motive for starting a business in the Czech Republic was to have a job. In Slovakia, the most important motive for starting a business was money. The results of our research confirmed that the societies in both countries perceived the position of entrepreneurs relatively negatively In both countries, entrepreneurs negatively noted the approach of the state to their needs and relatively high levels of corruption. Nowadays, the most important business risk was the market risk followed by financial and personal risks. Due to a deterioration of the business environment, the performance of small and medium-sized enterprises has declined by at least 15% in both countries. In the Czech Republic, approximately 43% of entrepreneurs stated that banks accept their needs and behave appropriately to them. The positive perception of banks was significantly lower in Slovakia: 23% of entrepreneurs in the Zilina Region and 35% in the Trencin Region. Many Czech and Slovak entrepreneurs indicated that they are able to manage financial risks in their companies. Despite the significant deterioration in the business environment, SMEs demonstrate business optimism, with about 90% of the entrepreneurs in both countries believing that their company will survive the next five years. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1004294
utb.identifier.obdid 43873208
utb.identifier.scopus 2-s2.0-84942808130
utb.identifier.wok 000351961000008
utb.source j-wok
dc.date.accessioned 2015-05-22T08:01:47Z
dc.date.available 2015-05-22T08:01:47Z
dc.description.sponsorship [FaME/2013/MSPRISK]; [IGA/FaME/2013/010]
dc.rights Attribution-NonCommercial 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by-nc/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Belás, Jaroslav
utb.identifier.jel L26
utb.identifier.jel O16
utb.identifier.jel G32
utb.identifier.jel G21
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Attribution-NonCommercial 4.0 International Except where otherwise noted, this item's license is described as Attribution-NonCommercial 4.0 International