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

dc.contributor.authorBelás, Jaroslav
dc.contributor.authorDemjan, Valér
dc.contributor.authorHabánik, Jozef
dc.contributor.authorHudáková, Mária
dc.contributor.authorSipko, Juraj
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2015-03-06
dc.date.available2015-03-06
dc.date.defense2015-03-06
dc.description.abstractThe 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
dc.formattext
dc.format.extent95-110 s.cs
dc.identifier.doi10.15240/tul/001/2015-1-008
dc.identifier.eissn2336-5604
dc.identifier.issn12123609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/7168
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectreviewen
dc.subjecttrendsen
dc.subjectresearchen
dc.subjectMergers and acquisitionsen
dc.subject.classificationL26
dc.subject.classificationO16
dc.subject.classificationG32
dc.subject.classificationG21
dc.titleThe business environment of small and medium-sized enterprises in selected regions of the Czech Republic and Slovakiaen
dc.typeArticleen
local.accessopen
local.citation.epage110
local.citation.spage95
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationE&Men
local.relation.abbreviationE+Mcs
local.relation.issue1
local.relation.volume18
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