Improvement of the Quality of Business Environment Model: Case of the SME Segment

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F19%3A43899898" target="_blank" >RIV/60076658:12510/19:43899898 - isvavai.cz</a>

Alternative codes found

RIV/70883521:28120/19:63523118

Result on the web

<a href="https://pdfs.semanticscholar.org/c80c/3aacc0640c8f3266b8b8057e96f113426a67.pdf" target="_blank" >https://pdfs.semanticscholar.org/c80c/3aacc0640c8f3266b8b8057e96f113426a67.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5755/j01.ee.30.5.24490" target="_blank" >10.5755/j01.ee.30.5.24490</a>

Result language

angličtina

Original language name

Improvement of the Quality of Business Environment Model: Case of the SME Segment

Original language description

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.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Inzinerine Ekonomika - Engineering Economics

ISSN

1392-2785

e-ISSN

—

Volume of the periodical

30

Issue of the periodical within the volume

5

Country of publishing house

LT - LITHUANIA

Number of pages

11

Pages from-to

601-611

UT code for WoS article

000503058600008

EID of the result in the Scopus database

2-s2.0-85077304219