The impact of Significant Political Factors on Starting a New Business

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The impact of Significant Political Factors on Starting a New Business

Popis výsledku v původním jazyce

Small and medium-sized enterprises (SMEs) are an essential part of every country´s economic system. The entry of new potential business entities plays an important role in this regard, what is also the focus of the European Commission, which calls for a significant improvement in the conditions for starting a new business. The aim of the paper is to define significant political factors influencing the quality of the business environment and quantify their impact on starting a new business. In regards to the defined aim, a survey-based research was conducted with the enterprises operating in the SME segment in the Czech and the Slovak Republic. The research was done on a sample of 641 respondents. They were business owners and managers active in small and medium-sized enterprises. The respondents had the option to express their agreement using the Likert scale: strongly agree, agree, neutral, disagree and strongly disagree. The results of the research were processed via the method of regression analysis. State regulation and business support has a major impact on the decision to start a business. The second most important factor is the legislative environment and the least significant factor is the state bureaucracy. The evaluation of political factors is quite negative in both countries. Just a small proportion of entrepreneurs in both countries positively evaluated the level of legislation in business and the administrative burden on workforce for businesses. The results of the research show the need to create more appropriate conditions for starting a new business.

Název v anglickém jazyce

The impact of Significant Political Factors on Starting a New Business

Popis výsledku anglicky

Small and medium-sized enterprises (SMEs) are an essential part of every country´s economic system. The entry of new potential business entities plays an important role in this regard, what is also the focus of the European Commission, which calls for a significant improvement in the conditions for starting a new business. The aim of the paper is to define significant political factors influencing the quality of the business environment and quantify their impact on starting a new business. In regards to the defined aim, a survey-based research was conducted with the enterprises operating in the SME segment in the Czech and the Slovak Republic. The research was done on a sample of 641 respondents. They were business owners and managers active in small and medium-sized enterprises. The respondents had the option to express their agreement using the Likert scale: strongly agree, agree, neutral, disagree and strongly disagree. The results of the research were processed via the method of regression analysis. State regulation and business support has a major impact on the decision to start a business. The second most important factor is the legislative environment and the least significant factor is the state bureaucracy. The evaluation of political factors is quite negative in both countries. Just a small proportion of entrepreneurs in both countries positively evaluated the level of legislation in business and the administrative burden on workforce for businesses. The results of the research show the need to create more appropriate conditions for starting a new business.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název statě ve sborníku

14th European Conference on Innovation and Entrepreneurship

ISBN

978-1-912764-34-1

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

1-9

Název nakladatele

Academic Conferences and Publishing International Limited

Místo vydání

London

Místo konání akce

Kalamata

Datum konání akce

19. 9. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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