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Entrepreneurship in SME Segment: Case Study from the Czech Republic and Slovakia

Author

Listed:
  • Jaroslav Belás

    (Tomas Bata University in Zlin, Zlin, Czech Republic)

  • Yuriy Bilan

    (University of Szczecin, Szczecin, Poland)

  • Valér Demjan

    (The Banking Institute of Prague, Banska Bystrica, Slovak Republic)

  • Juraj Sipko

Abstract

Definition and comparison of the current business environment of the Czech and Slovakian SMEs in the selected regions are the main objectives of the article. In accordance with this objective motivational factors, status in the society, relationship to the state, level of the corruption, approach to loan financing, and business optimism in the business environment have been examined. In details, there have been quantified the differences between the trading companies and the others, between the companies over 10 years old and the others, and between the micro-enterprises and the others. There were compared the opinions of entrepreneurs who stated that their main motivation to start a business was money to the opinions of other entrepreneurs. Our research has produced interesting findings. It was found out that money is an important motive for starting a business, although there are some regional differences in this area. Entrepreneurs negatively perceive the relationship between surroundings and their activities, the relationship of the state to the business and corruption that they encounter while performing their business activities. The businessmen rather criticized the banks’ approach of banks to fund their needs and at the same time they expressed a great deal of business optimism.

Suggested Citation

  • Jaroslav Belás & Yuriy Bilan & Valér Demjan & Juraj Sipko, 2015. "Entrepreneurship in SME Segment: Case Study from the Czech Republic and Slovakia," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 308-308, February.
    • Handle: RePEc:aes:amfeco:v:38:y:2015:i:17:p:308
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Suzuki, Taku & Mizobata, Satoshi, 2019. "Social Confusion and Corruption: Investigating the Causes and Effects of a Breakdown of Ethics," Discussion Paper Series 690_v2, Institute of Economic Research, Hitotsubashi University.
    2. Sorin-Romulus Berinde & Laura-Maria Herța, 2021. "Performance Improvements for Romanian SMEs and Their Predictors," Sustainability, MDPI, vol. 13(15), pages 1-13, July.
    3. Catalina Mitra Crisan & Dan-Cristian Dabija & Vasile Dinu, 2015. "Social Entrepreneurship in Romania: Significance and Models," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 11(2), pages 65-77.
    4. Michal ?indelá? & Barbora Janasová, 2020. "Are accounting services threatened by moving to shared service centers? - An empirical evidence of czech companies," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 9(2), pages 111-127, December.
    5. Marek Potkány & Petr Novák & Róbert Kovác & Miloš Hitka, 2017. "Innovation of a Technological Product with Utilizing the Target Costing Methodology," International Review of Management and Marketing, Econjournals, vol. 7(2), pages 130-137.
    6. Eva Koisova & Jozef Habanik & Zuzana Virglerova & Zoltan Rozsa, 2017. "SMEs Financing as an Important Factor of Business Environment in Slovak Republic Regions," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(2), pages 129-140.
    7. Andrzej Bia³as, 2016. "Cost-Benefits Aspects In Risk Management," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(1), pages 28-39, December.
    8. repec:mje:mjejnl:v:12:y:2017:i:2:p:129-140 is not listed on IDEAS
    9. Aqeel Israr & Norashidah Hashim, 2017. "Effect of Experiential Teaching Methodology on Personality and Entrepreneurial Intentions: A Proposed Framework," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(11), pages 210-226, November.

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    More about this item

    Keywords

    Entrepreneurship; Small and medium-sized enterprises; business environment;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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