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Availability Of Human Capital And The Development Of The Public Infrastructure In The Context Of Business Activities Of Smes

Author

Listed:
  • Jaroslav BELAS

    (Tomas Bata University in Zlin, Faculty of Management and Economics, Zlín, Czech Republic)

  • Iveta KMECOVA

    (Institute of Technology and Business in Ceske Budejovice, Faculty of Corporate Strategy, Ceské Budejovice, Czech Republic)

  • Martin CEPEL

    (Paneuropean University in Bratislava, Faculty of Economics and Business; Slovakia)

Abstract

The paper´s objective is to define significant technological factors in the areas of human capital availability and research and development affecting the quality of small and medium-sized enterprises (SMEs) and their business environment, and to quantify differences between the Czech Republic (CR) and the Slovak Republic (SR). Based on the objective, empirical research was conducted including data from 312 SMEs in the CR and 329 SMEs in the SR processed with the use of Chi-squared tests and Z-scores. The research showed differences in assessing defined technological factors between the CR and the SR, and also confirmed a low level of the assessed factors in both countries. Furthermore, overall satisfaction with the quality of secondary schools and universities is relatively low despite the fact that the research showed a higher level of satisfaction with the quality of university education in both countries. In the Czech Republic, entrepreneurs largely experience a shortage of skilled workforce, with this factor achieving the highest negative rating. The Slovak entrepreneurs most negatively assessed the level of state support of research and development. Moreover, the entrepreneurs´ overall level of satisfaction with the research and development infrastructure is relatively low, since only 23.08% of the Czech and 13.68% of the Slovak entrepreneurs agreed that the infrastructure is well built in their respective country. Similar results were also obtained in assessing state support of research and development. At the same time, it was found that research and development results help the entrepreneurs only to a limited extent, and the entrepreneurs in both countries are not very optimistic about future development of their business activities.

Suggested Citation

  • Jaroslav BELAS & Iveta KMECOVA & Martin CEPEL, 2020. "Availability Of Human Capital And The Development Of The Public Infrastructure In The Context Of Business Activities Of Smes," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(34), pages 27-44, June.
    • Handle: RePEc:rom:rampas:v:2020:y:2020:i:34:p:27-44
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    References listed on IDEAS

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    1. Lereko Rasoaisi & Kalebe M Kalebe, 2015. "Determinants of Financial Literacy among the National University of Lesotho Students," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(9), pages 1050-1060.
    2. Lara, Francisco J. & Salas-Vallina, Andres, 2017. "Managerial competencies, innovation and engagement in SMEs: The mediating role of organisational learning," Journal of Business Research, Elsevier, vol. 79(C), pages 152-160.
    3. Alexandra Rusu, 2015. "The Czech Republic," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    4. Adéla Fajčíková & Hana Urbancová, 2019. "Factors Influencing Students’ Motivation to Seek Higher Education—A Case Study at a State University in the Czech Republic," Sustainability, MDPI, vol. 11(17), pages 1-14, August.
    5. Rajagopal, 2014. "Organizations and Innovation," Palgrave Macmillan Books, in: Architecting Enterprise, chapter 3, pages 58-86, Palgrave Macmillan.
    6. Lereko Rasoaisi & Kalebe M. Kalebe, 2015. "Determinants of Financial Literacy among the National University of Lesotho Students," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(9), pages 1050-1060, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Irina GEORGESCU & Ane-Mari ANDRONICEANU & Jani KINNUNEN, 2020. "A Discriminant Analysis To The Quantification Of Human Development Index Under Economic Inequality," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 1053-1062, November.
    2. Agnieszka PIWOWARCZYK, 2021. "Development Of Micro, Small And Medium-Sized Enterprises In Poland With The Support From Eu Funds," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 15(25), pages 16-23, February.

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    More about this item

    Keywords

    public sector; availability of human capital; research and development; small and medium-sized enterprises;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions

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