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SME Development in the Visegrad Area

In: Eurasian Business and Economics Perspectives

Author

Listed:
  • Mária Srebalová

    (Comenius University in Bratislava)

  • František Vojtech

    (Economics and Management Institute, School of Economics and Management of Public Administration in Bratislava)

Abstract

The aim of this paper is to analyze the development of small- and medium-sized enterprises (SMEs) and identify correlation between selected indicators and value added of SMEs in Visegrad Group (V4). The analysis of the development of small- and medium-sized enterprises of the V4 is dedicated through three indicators, namely, the number of enterprises, the number of employees, and their value added. The object of our research is the V4 which is a grouping of four states located in the center of Europe and SME environmental possibilities and functional properties for development and innovation potential. From our perspective of view, the model of correlation is one of the main meaningful analyses of SME development in the region, for this our main methodology is the usage of mathematical model of correlation for data set of information obtained from European Commission statistics reports for V4 countries. Based on our research, value added of SMEs in V4 increased in all business categories since 2010. The largest increase is seen in small businesses, which improved by almost 24%. Together, medium-sized enterprises created a 19% higher value added. Micro-businesses have improved by 7% over 8 years.

Suggested Citation

  • Mária Srebalová & František Vojtech, 2021. "SME Development in the Visegrad Area," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir (ed.), Eurasian Business and Economics Perspectives, pages 269-281, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-65147-3_19
    DOI: 10.1007/978-3-030-65147-3_19
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    Citations

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    Cited by:

    1. Rozsa Zoltan & Belas Jaroslav & Metzker Zdenko & Klementová Iva, 2022. "The Intensity of Perception of Selected Personnel Risk Factors in the V4 Countries," Folia Oeconomica Stetinensia, Sciendo, vol. 22(1), pages 243-262, June.
    2. Judit Vitéz-Durgula & Anna Dunay & Gergő Thalmeiner & Balázs Vajai & László Pataki, 2023. "Financial Analysis and Survival Research of the Visegrad Countries’ Health Industries," Sustainability, MDPI, vol. 15(16), pages 1-23, August.
    3. Sławomir Biruk & Piotr Jaśkowski & Magdalena Maciaszczyk, 2022. "Conceptual Framework of a Simulation-Based Manpower Planning Method for Construction Enterprises," Sustainability, MDPI, vol. 14(9), pages 1-13, April.
    4. Mohammad Daradkeh, 2023. "Navigating the Complexity of Entrepreneurial Ethics: A Systematic Review and Future Research Agenda," Sustainability, MDPI, vol. 15(14), pages 1-30, July.
    5. Chunzi Yang & Hong-Youl Ha, 2022. "Mediator Acceptability for Sustainable Trading Management: Scale Development and Validation," Sustainability, MDPI, vol. 14(3), pages 1-13, February.

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