Factors affecting the business environment of SMEs in Nitra region in Slovakia

• Authors: Enikő Korcsmáros , Monika Šimova

Abstracts

EN

Research background: Businesses are directly affected by the outside world, i.e. the business environment. Literature review lists a number of factors of the business environment affecting businesses. These factors may be oriented towards inputs, outputs, sales, or can be an instrument of regional policy. With regard to future development of businesses, it is crucial to identify which factor and to what extent can influence the operation of the business. Purpose of the article: The main objective of the primary research was to provide a comprehensive assessment of how different factors influence enterprises of different economic sectors as well as help to verify the research question defined and formulate recommendations for future development of enterprises. The questionnaire survey to verify the research question was conducted on a sample of 496 small and medium-sized enterprises. Methods: We chose quantitative method of ANOVA for processing the results of the survey, and we also set the limit of significant impact of different influence factors on the basis of analysed data of primary research, and the limit of significant impact. Based on literature study, we have grouped individual factors such as factors focused on inputs, on outputs, on sales, and instruments of regional policy. Based on those findings we can identify the impact of factors for the future development of SMEs in different economic sectors. Findings & Value added: SMEs of Nitra Region involved in the research represent different economic sectors and various factors influence them with different intensity, for future development of these SMEs it is necessary to reduce the transport cost of raw material and goods, improve the attitude of employees to work, and the technical level of equipment to improve the economic situation of the region. The mentioned findings are important for formulating the future regional development plan.

Keywords

EN

business environment; factors affecting businesses; SMEs; Nitra Region; Slovakia

• Publisher: Instytut Badań Gospodarczych
• Journal: Oeconomia Copernicana
• Year: 2018
• Volume: 9
• Issue: 2
• Pages: 309-331

Dates

published

2018

Contributors

author

Enikő Korcsmáros

• J. Selye University

author

Monika Šimova

• J. Selye University

References

• Armeanu, D., Istudor, N., & Lache, L. (2015). The role of SMEs in assessing the contribution of entrepreneurship to GDP in the Romanian business environment. Amfiteatru Economic, 17(38).
• Belas, J., Bartoš, P., Habánik, J., & Novák, P. (2014). Significant attributes of the business environmnet in small and medium-sized enterprises. Economics and Sociology, 7(3). doi: 10.14254/2071-789X.2014/7-3/2.
• Belas, J., Bartoš, P., Ključnikov, A., & Kozubíková, L. (2015). Significant determinants of business environment in the segment of small and medium-sized enterprises. Scientific Paper of the University of Pardubice, Series D: Faculty of Economics and Administration, 22(35).
• Belas, J., Sipko, J., & Bilan, Y. (2015). Regional aspects of business environment creation in the SME segment in Slovakia. Mediterranean Journal of Social Science, 6(2). doi: 10.5901/mjss.2015.v6n3p637.
• Curran, J., Blackburn, R., Kitching, J., & North, J. (1997). Small firms and workforce training: Some results analysis and policy implications from national survey. In M. Ram, D, Deakins & D. Smallbone (Eds.). Small firms: enterprising futures. London: Paul Chapman.
• Duľová Spišáková, E., Mura., L., Gontkovičová, B., & Hajduová, Z. (2017). R&D in the context of Europe 2020 in selected countires. Economic Computation and Economic Cybernetics Studies and Research, 51(4).
• Grigore, A. M., & Drăgan, I. M. (2015). Entrepreneurship and its economical value in a very dynamic business environment. Amfiteatru Economic, 17(38).
• Hill, R., & Stewart, J. (2000). Human resource development in small organisations. Journal of European Industrial Training, 24(2/3/4).
• Hudáková, J., Fiľa, M., & Maroš, M. (2017). Innovation potencial of the regions in the Slovak republic. Acta Oeconomica Universitatis Selye, 6(8).
• Huzsvai, L., & Vincze, Sz. (2012). SPSS-book. Budapest: Seneca Books.
• Juríčková, V., (2006). Business environment and corporate strategies. Bratislava: Economic Institute SAV.
• Kljucnikov, A., & Belas, J. (2016). Approaches of Czech entrepreneurs to debt financing and management of credit risk. Equilibrium. Quarterly Journal of Economics and Economic Policy, 11(2). doi:10.12775/EQUIL.2016.016.
• Klvačová, E. (2008). Phenomenon of renting and its impact on Czech public finance. Praha: Professional publishing.
• Korcsmáros, E., & Majdúchová, H. (2016). Building partnerships of small and medium-sized enterprises with regional institutions. Brno: Tribun EU.
• Králl, J. (2012). The main reason for the failure of small businesses. In International conference on problems of the corporate sector: conference proceedings. Bratislava: EKONÓM.
• Levine, R., & Renelt, D. (1992). A sensitivity analysis of cross-country growth regression. American Economic Review, 82.
• Majtán, Š. (2009). Business Economy. Bratislava: Sprint dva.
• Malach, A. (2005). How to do business after joining the EU. Praha: Grada Publishing.
• Mura, L., & Gašparíková, V. (2010). Penetration of small and medium sized food companies on foreign markets. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 58(3). doi: 10.11118/actaun201058030157.
• Mura, L., Ključnikov, A., Tvaronavičiene, M., & Androniceanu, A. (2017) Development trends in human resource management in small and medium enterprises in the Visegrad group. Acta Polytechnica Hungarica, 14(7). doi: 10.12700/APH.14.7.2017.7.7.
• Neumannová, A. (2014). Corporate diagnostics. Bratislava: Iura Edition.
• Pietrzak, M. B., Balcerzak, A. P., Gajdos, A., & Arendt, Ł (2017). Entrepreneurial environment at regional level: the case of Polish path towards sustainable socio-economic development. Entrepreneurship and Sustainability Issues, 5(2). doi: 10.9770/jesi.2017.5.2(2).
• Russev, S., & Šúbertová, E. (2013). Management of projects in business and informatisation (in transition to knowledge management). Bratislava: Kartprint.
• Sobeková-Majková, M. (2011). The analysis of barriers and factors of small and medium-sized enterprises financing in the Slovak Republic. Ekonomický časopis, 59(10).
• Srpová, J., & Řehoř, V. (2010). Basics of business (theoretical knowledge, examples and experiences of Czech entrepreneurs. Praha: GRADA.
• Strážovská, E., Strážovská, Ľ., & Pavlík, A. (2007). Small and medium-sized enterprises. Bratislava: Sprint.
• Šikula, M. (2006). Globalization, integration and termination of transformation – defining the economic development of Slovakia and prerequisites for modernization of Slovak society. Bratislava: Economic Institute SAV. Retrieved from http://www.ekonom.sav.sk/uploads/projects/ZSSPVV.pdf (04.09.2014).
• Šúbertová, E. (2015). Economic activities of the Slovak co-operatives in the years 2010 to 2014. Scientific Papers of University of Pardubice, Series D: Faculty of Economic and Administration, 22(33).
• Zygmunt, J. (2018). Entrepreneurial activity drivers in the transition economies. Evidence from the Visegrad countries. Equilibrium. Quarterly Journal of Economics and Economic Policy, 13(1). doi:10.24136/eq.2018.005.

Identifiers

DOI

10.24136/oc.2018.016

Biblioteka Nauki

18813023