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Perceiving Of Legal Risk And The Role Of Public Sector In Smes Of V4 Countries

Author

Listed:
  • Zuzana VIRGLEROVÁ

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

  • Jaroslav BELÁS, Jr.

    (Alexander Dubcek University of Trencín, Faculty of Social and Economic Relations, Trencín; Slovakia)

  • Katarzyna KURZEPA-DEDO

    (University of Information Technology and Management in Rzeszow, Chair of Political Sciences and Administration, Rzeszow, Poland)

  • Tomáš KRULICKÝ

    (nstitute of Technology and Business in Ceské Budejovice, School of Expertness and Valuation, Ceské Budejovice, Czech Republic)

Abstract

The public sector plays an important role in the process of creating a quality of business environment. The objective of the paper was to present new scientific knowledge in the field of legal risk in the SMEs sector of the V4 countries. For this purpose, weights of selected factors of legal risk were quantified and there were compared the trends of the Czech Republic with other V4 countries. Empirical research was conducted via questionnaire survey on a sample of 1.585 respondents. On the basis of the research conducted, it can be concluded that the level of legal risk in the V4 countries was relatively high; this risk negatively affects business activities in the SMEs of the V4 countries. A major part of enterprises in the V4 countries evaluate the legal risk as unacceptable. Entrepreneurs in the V4 countries negatively evaluated the fact that the dynamics of legislative changes is too intensive and has a negative impact on their business activities. SMEs in the V4 countries considered the business environment to be too strictly regulated. On the other hand, entrepreneurs showed a high level of self-confidence in the knowledge of basic legal norms in business. Legal risk is perceived differently in individual countries. The lowest intensity of legal risk is perceived by SMEs in Hungary; the highest level of perceiving legal risk was shown in Poland. Empirical research showed that the size of enterprise and education of entrepreneurs do not have a significant impact on the formation of entrepreneurs´ attitudes in terms of legal risk.

Suggested Citation

  • Zuzana VIRGLEROVÁ & Jaroslav BELÁS, Jr. & Katarzyna KURZEPA-DEDO & Tomáš KRULICKÝ, 2021. "Perceiving Of Legal Risk And The Role Of Public Sector In Smes Of V4 Countries," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2021(36), pages 181-195, June.
    • Handle: RePEc:rom:rampas:v:2021:y:2021:i:36:p:181-195
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    government; legal framework; small and medium-sized enterprises; legal risk; V4 countries;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • K2 - Law and Economics - - Regulation and Business Law
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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