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Supporting Small and Medium-sized Enterprises in Preparing for the Euro Adoption in the Czech Republic

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  • Mojmir Helisek

Abstract

The euro adoption process in the Czech Republic is currently viewed negatively among SMEs. Preparation the transition to the euro will eliminate the risk of destabilization in business sector and in financial markets. The general preparedness level of enterprises is analyzed in the National Euro Changeover Plan, including any specifics for SMEs. Detailed processes will be explained in Manual for the Preparation of Entrepreneurs. The Association of Small and Medium-Sized Enterprises and Crafts of the Czech Republic should be involved in the preparation of manual. The SME sector will bear a relatively higher burden of costs arising from the euro introduction, as corroborated by experience of Slovak companies. Businesses have major concerns about the conversion of accounting and information systems.

Suggested Citation

  • Mojmir Helisek, 2016. "Supporting Small and Medium-sized Enterprises in Preparing for the Euro Adoption in the Czech Republic," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 27-41.
    • Handle: RePEc:ers:journl:v:xix:y:2016:i:4:p:27-41
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    File URL: http://www.ersj.eu/repec/ers/papers/16_4_p3.pdf
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    References listed on IDEAS

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    3. Karel HavlÃ­Ä ek & Otakar Schlossberger, 2013. "New Trends of Management of European SMEs:The M-C Model," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 43-56.
    4. Mojmír Helísek, 2013. "Export Potential of SMEs and Euro Adoption in the Czech Republic," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 71-78.
    5. repec:ers:journl:v:xvi:y:2013:i:sisme:p:43-56 is not listed on IDEAS
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    Citations

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    Cited by:

    1. Hasyim & Sahyar & Mahmud, 2017. "Isolating Mechanism as a Mean to Improve Performance of SMEs," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 594-612.
    2. Hedwigis Esti Riwayati, 2017. "Analysis Banking Role to Performance Improvement on Indonesia Small Medium Enterprises," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 717-728.
    3. S.S. Morkovina & V.V. Malitskaya & E.A. Panyavina & I.V. Sibiryatkina, 2018. "Export Potential and Measures to Support Small and Medium-Sized Enterprises," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 303-314.
    4. repec:ers:journl:v:special_issue:y:2018:i:1:p:303-314 is not listed on IDEAS
    5. G.N. Khubaev & I.Yu. Shpolianskaya & A.I. Dolzhenko & S.M. Scherbakov & E.N. Efimov, 2017. "Evaluating the Effectiveness of Management Information Systems for Small and Medium-sized Enterprises: a User Satisfaction Approach," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 116-129.
    6. Y. Yolanda, 2017. "Analysis of Factors Affecting Inflation and its Impact on Human Development Index and Poverty in Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 38-56.
    7. Ireneusz Zuchowski & Agnieszka Brelik, 2017. "The Relationship of Managers with Subordinates as a Development Enabler of Enterprise in the SME Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 51-65.
    8. Roman Mentlík & Mojmír Helísek, 2018. "Euro and Corporate Management in Czech Republic," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 441-452.
    9. Alexander M. Zobov & Ekaterina A. Degtereva & Veronica Yu. Chernova & Vasily S. Starostin, 2017. "Comparative Analysis of the Best Practices in the Economic Policy of Import Substitution," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 507-520.
    10. Janis Priede & Haidong Feng, 2017. "Evaluation of Latvia-China Trade Potential," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 931-941.
    11. Miluse Korbelova, 2016. "How International Financial Reporting Standards (IFRS) Improve the Financing of SME’s in the Czech Republic," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 36-46.

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    More about this item

    Keywords

    euro area enlargement; National Euro Changeover Plan; Manual for the Preparation of Entrepreneurs;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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