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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/70883521:28120/19:63523118

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název periodika

Inzinerine Ekonomika - Engineering Economics

ISSN

1392-2785

e-ISSN

—

Svazek periodika

30

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

11

Strana od-do

601-611

Kód UT WoS článku

000503058600008

EID výsledku v databázi Scopus

2-s2.0-85077304219