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Improvement of the quality of business environment model: Case of the SME segment

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dc.title Improvement of the quality of business environment model: Case of the SME segment en
dc.contributor.author Belás, Jaroslav
dc.contributor.author Dvorský, Ján
dc.contributor.author Strnad, Zdeněk
dc.contributor.author Valášková, Katarína
dc.contributor.author Çera, Gentjan
dc.relation.ispartof Inzinerine Ekonomika-Engineering Economics
dc.identifier.issn 1392-2785 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2019
utb.relation.volume 30
utb.relation.issue 5
dc.citation.spage 601
dc.citation.epage 611
dc.type article
dc.language.iso en
dc.publisher Kaunas Univ Technol
dc.identifier.doi 10.5755/j01.ee.30.5.24490
dc.relation.uri http://inzeko.ktu.lt/index.php/EE/article/view/24490
dc.subject Entrepreneurship en
dc.subject Entrepreneurs en
dc.subject Slovakia en
dc.subject Czech Republic en
dc.subject Small and Medium-Sized Enterprises en
dc.description.abstract The aim of this article is to define important factors which determine the quality of the business environment and construct a structural model of causal relationships between quality of business environment and its determinants in small and medium sized enterprises. This model was constructed on the basis of extensive empirical research. A questionnaire was designed and delivered to SMEs operating in the Czech and Slovak Republics. The sample consists of 641 enterprises from both countries. Data were evaluated using statistical methods such as confirmation factor analysis and structural equation modeling. The structural model showed very interesting findings. The most important factors, which determine the quality of business environment, are macroeconomic environment, monetary policy and interest rates and legal environment. In our model, we also pointed out the importance of political, social and technological factors. The research results pointed to the need to adjust the legislative environment in a more appropriate way, to minimize state bureaucracy and to improve media access to business environment assessment. These results are useful for the academic researchers in the area of entrepreneurship, policymakers, and non-profit institutions and organizations whose effort is to improve the business environment and boost entrepreneurship. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009521
utb.identifier.obdid 43880199
utb.identifier.scopus 2-s2.0-85077304219
utb.identifier.wok 000503058600008
utb.source J-wok
dc.date.accessioned 2020-01-09T10:31:41Z
dc.date.available 2020-01-09T10:31:41Z
dc.rights Attribution 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Belás, Jaroslav
utb.contributor.internalauthor Dvorský, Ján
utb.contributor.internalauthor Çera, Gentjan
utb.fulltext.affiliation Jaroslav Belas 1, Jan Dvorsky 1, Zdenek Strnad 2, Katarina Valaskova 3, Gentjan Cera 1 1 Tomas Bata University in Zlin Mostni 5139, Zlin 760 01, Czech Republic E-mail. belas@utb.cz, j1dvorsky@utb.cz, cera@utb.cz 2 University of South Bohemia in Ceske Budejovice Branisovska 31a, Ceske Budejovice 370 05, Czech Republic E-mail. zd.strnad@seznam.cz 3 University of Zilina Univerzitna 8215/1, Zilina 010 26, Slovak Republic E-mail. katarina.valaskova@fpedas.uniza.sk
utb.fulltext.dates Received in November 2019 accepted in December 2019
utb.wos.affiliation [Belas, Jaroslav; Dvorsky, Jan; Cera, Gentjan] Tomas Bata Univ Zlin, Mostni 5139, Zlin 76001, Czech Republic; [Strnad, Zdenek] Univ South Bohemia Ceske Budejovice, Branisovska 31a, Ceske Budejovice 37005, Czech Republic; [Valaskova, Katarina] Univ Zilina, Univ 8215-1, Zilina 01026, Slovakia
utb.scopus.affiliation Tomas Bata University in Zlin, Mostni 5139, Zlin, 760 01, Czech Republic; University of South Bohemia in Ceske Budejovice, Branisovska 31a, Ceske Budejovice, 370 05, Czech Republic; University of Zilina, Univerzitna 8215/1, Zilina, 010 26, Slovakia
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