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Tytuł artykułu

Impact of selected economic factors on the business environment : the case of selected East European countries

Treść / Zawartość
Identyfikatory
Warianty tytułu
PL
Wpływ wybranych czynników gospodarczych na otoczenie biznesowe na przykładzie wybranych krajów Europy Wschodniej
Języki publikacji
EN
Abstrakty
EN
The article aims to identify and quantify significant economic factors that determine the quality of the business environment in small and medium-sized enterprises (SMEs) in the transport and services segment. The case study was carried out on a sample of 258 companies in the Czech Republic and Slovakia. Statistical methods, such as regression analysis and correlation analysis, were used to evaluate empirical data. These statistical methods test and verify several statistical hypotheses formulated. The results of the case study brought interesting findings. Findings showed the impact of the macroeconomic environment on the quality of the business environment. Conversely, monetary policy and interest rates, corporate finance, and population’s consumption do not affect the quality of the business environment in the transport and services segment. The results also represent an essential basis for organizations supporting the business environment or for state institutions in the creation of materials for improving services or transport in the selected countries.
PL
Artykuł ma na celu identyfikację i kwantyfikację istotnych czynników ekonomicznych, które determinują jakość otoczenia biznesowego w małych i średnich przedsiębiorstwach (MŚP) w segmencie transportu i usług. Studium przypadku zostało przeprowadzone na próbie 258 firm w Czechach i na Słowacji. Do oceny danych empirycznych zastosowano metody statystyczne, takie jak analiza regresji i analiza korelacji. Te metody statystyczne testują i weryfikują kilka sformułowanych hipotez statystycznych. Wyniki studium przypadku przyniosły interesujące ustalenia. Wyniki pokazały wpływ otoczenia makroekonomicznego na jakość otoczenia biznesowego. I odwrotnie, polityka pieniężna i stopy procentowe, finanse przedsiębiorstw i konsumpcja ludności nie wpływają na jakość otoczenia biznesowego w segmencie transportu i usług. Wyniki stanowią również istotną podstawę dla organizacji wspierających otoczenie biznesu lub dla instytucji państwowych w tworzeniu materiałów do doskonalenia usług lub transportu w wybranych krajach.
Rocznik
Strony
96--110
Opis fizyczny
Bibliogr. 43 poz., tab.
Twórcy
  • Tomas Bata University in Zlín, Faculty of Management and Economics, Czech Republic
  • Tomas Bata University in Zlín, Faculty of Management and Economics, Czech Republic
  • Pan-European University in Bratislava, Faculty of Economics and Business, Slovak Republic
  • University of Entrepreneurship and Law, Institute of Entrepreneurship and Marketing, Czech Republic
Bibliografia
  • 1. Belas, J., Smrcka, L., Gavurova, B. and Dvorsky, J., (2018). The Impact of Social and Economic Factors in the Credit Risk Management of SME. Technological and Economic Development of Economy, 24(3): 1215-1230.
  • 2. Belas, J., Strnad, Z., Gavurova, B. and Cepel, M., (2019). Business environment quality factors research-sme management’s platform. Polish Journal of Management Studies, 20(1), 64-77.
  • 3. Bekeris, R., (2012). The impact of macro-economic indicators upon SME’s profitability. Ekonomika, 91(3), 117-128.
  • 4. Berger, A. N., Udell, G. F., (1998). The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle. Journal of Banking and Finance, 22(6-8), 613-673.
  • 5. Buganová, K., Moricová, V., (2017). Innovation of education in risk and crisis management. Turkish Online Journal of Educational Technology, 2017 (November Special Issue INTE), 177-182.
  • 6. Buneeva, R. I., Buneeva, M. V., Toropov, V. V. and Khryuchkina, E. A., (2016). Analysis of researching dynamics and structure of consumer expenditure of the russian population. International Journal of Economics and Financial Issues, 6(2), 31-36.
  • 7. Civelek, M., Ključnikov, A., Dobrovič, J. and Hudakova, M., (2016). A model of measurement of the quality of business environment in SME segment. Journal of International Studies, 9(2), 90-102.
  • 8. CESMAD (2020). Available at: https://cesmad.sk/clanok/2426-statne-podmienky-brzdia-rozvoj-podnikania-v-cestnej-doprave, Access on: 29.05.2020
  • 9. Cepel, M., (2019). Social and Cultural Factors and Their Impact On The Quality Of Business Environment In the SME Segment. International Journal of Entrepreneurial Knowledge, 7(1), 65-73.
  • 10. Cepel, M., Stasiukynas, A., Kotaskova, A. and Dvorsky, J., (2018). Business environment quality index in the SME segment. Journal of Competitiveness, 10(2), 21-40.
  • 11. Commander, S., Svejnar, J., (2011). Business environment, exports, ownership, and firm performance. Review of Economics and Statistics, 93(1), 309-337.
  • 12. Dewi, V. I., Soei, C. T. L. and Surjoko, F. O., (2019). The impact of macroeconomic factors on firms' profitability (evidence from fast moving consumer good firms listed on indonesian stock exchange). Academy of Accounting and Financial Studies Journal, 23(1).
  • 13. Dobes, K., Virglerova, Z. and Kramolis, J., (2019). Impact of selected factors on the perception of the macroeconomic and financial environment of SMEs (empirical study from Czech Republic and Slovak Republic). Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration, 27(45), 29-40.
  • 14. Dragnic, D., (2014) „Impact of internal and external factors on the performance of fast-growing small and medium businesses”, Management: Journal of Contemporary Management Issues, 19(1): 119-159.
  • 15. Dvorsky, J., Belas, J., Novotna, I., Fero, M. and Petrakova, Z., (2020). Quality of business environment of the SME: A sectoral view. Communications - Scientific Letters of the University of Zilina, 22(4), 163-172.
  • 16. Egbunike, C. F., Okerekeoti, C. U., (2018). Macroeconomic factors, firm characteristics and financial performance. Asian Journal of Accounting Research, 3(2), 142-168.
  • 17. Escaleras, M., Chiang, E. P., (2017). Fiscal decentralization and institutional quality on the business environment. Economics Letters, 159, 161-163.
  • 18. Fedorova, E. A., Pankratov, K. A., (2010). Influence of macroeconomic factors on the Russian stock market. Studies on Russian Economic Development, 21(2), 165-168.
  • 19. Gavurova, B., Belas, J., Strnad, Z., and Rozsa, Z., (2019). Impact of the state on business environment-sectoral analysis. Journal of International Studies, 12(4), 244-257.
  • 20. Giri, A. K., Joshi, P., (2017). The impact of macroeconomic indicators on Indian stock prices: An empirical analysis. Studies in Business and Economics, 12(1), 61-78.
  • 21. Hema Priya, M., Venkatesh, R., (2019). The paradoxical effect of drive factors on social entrepreneurship sustainability. International Journal of Recent Technology and Engineering, 8(2), 644-649.
  • 22. Herwartz, H., Walle, Y. M., (2014). Determinants of the link between financial and economic development: Evidence from a functional coefficient model. Economic Modelling, 37, 417-427.
  • 23. Hudakova, M., Masar, M., Luskova, M. and Patak M. R., (2018). The Dependence of Perceived Business Risks on the Size of SMEs. Journal of Competitiveness, 10(4), 54-69.
  • 24. Kadocsa, G., Francsovics, A., (2011). Macro and micro economic factors of small enterprise competitiveness. Acta Polytechnica Hungarica, 8(1), 23-40.
  • 25. Khan, K. A., Çera, G. and Nétek, V., (2019). Perception of the Selected Business Environment Aspects by Service Firms. Journal of Tourism and Services, 10(19), 111-127.
  • 26. Ključnikov, A., Belás, J. and Smrcka, L., (2016). Risk-taking and Aggressiveness as the Significant Part of the Entrepreneurial Orientation of SMEs: Case of the Czech Republic. Polish Journal of Management Studies, 14(1), 129-139.
  • 27. Kolkova, A., (2020). The Application of Forecasting Sales of Services to Increase Business Competitiveness. Journal of Competitiveness, 12(2), 90-105.
  • 28. Kot, S., (2018). Sustainable supply chain management in small and medium enterprises. Sustainability (Switzerland), 10(4).
  • 29. Kozubikova, L., Kotaskova, A., (2019). The impact of technological factors on the quality of the business environment. Transformations in Business and Economics, 18(1), 95-108.
  • 30. Kurowska-Pysz, J., Szczepańska-Woszczyna, K., Štverková, K., Kašík, K., (2018). The catalysts of cross-border cooperation development in Euroregions. Polish Journal of Management Studies, 18(1), 180-193.
  • 31. Lioui, A., Tarelli, A., (2019). Macroeconomic environment, money demand and portfolio choice. European Journal of Operational Research, 274(1), 357-374.
  • 32. Lyakina, M., Heaphy, W., Konecny, V. and Kliestik, T., (2019). Algorithmic governance and technological guidance of connected and autonomous vehicle use: Regulatory policies, traffic liability rules, and ethical dilemmas. Contemporary Readings in Law and Social Justice, 11(2), 15-21.
  • 33. Meyer, N., Meyer, D. F., (2016). The relationship between the creation of an enabling environment and economic development: A comparative analysis of management at local government sphere. Polish Journal of Management Studies, 14(2), 150-160.
  • 34. Narayan, P. K., Sharma, S. S., (2011). New evidence on oil price and firm returns. Journal of Banking and Finance, 35(12), 3253-3262.
  • 35. Oláh, J., Virglerova, Z., Popp, J., Kliestikova, J. and Kovács, S., (2019). The assessment of non-financial risk sources of SMEs in the V4 countries and Serbia. Sustainability (Switzerland), 11(17).
  • 36. O’Toole, C., Gerlach-Kristen, P., O’Connell, B., (2013) „Measuring credit constraints for Irish SMEs”, Quarterly Economic Commentary, 1(3), pp 1-14.
  • 37. Rozsa, Z., Formanek, I. and Manak, R., (2019). Determining the factors of the employees’ intention to stay or leave in the Slovak's SMEs. International Journal of Entrepreneurial Knowledge, 7(2), 63-72.
  • 38. Slovak Business agency (2018). Available at: http://www.sbagency.sk/sites/default/files/porovnanie_podmienok_podnikania_msp_v_krajinach_strednej_europy.pdf, Access on: 01.09.2019
  • 39. Sobotovičová, Š., Janoušková, J., (2020). Specifics of real estate taxation in the Czech and Slovak Republics. International Advances in Economic Research, 26(3), 273-287.
  • 40. Stasak, J., Schmidt, P., (2018). Key performance indicators versus business process metrics. International Journal of Advanced Operations Management, 10(2), 130-154.
  • 41. Tangjitrom, N., (2012). The review of macroeconomic factors and stock returns. International Business Research, 5(8), 107-115.
  • 42. Tarashevskyi, Maksym М., (2020). The Status of Risk Management in Transport Enterprises of Ukraine. Business Inform, 8, 125-133.
  • 43. Vejchodská, E., Slavíková, L. and Malý, V., (2016). Evaluating the regulatory burden: Pollutant release and transfer reporting costs. Prague Economic Papers, 25(6), 671-685.
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-dc461f9d-3a77-4c33-98a6-baac8aef0854
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