Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: The impact of political factors‘ perception on suitability of international business environment: The case of startups
Issue: Vol. 12, No 1, 2019
Published date: 03-2019 (print) / 03-2019 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Ludmila Kozubikova
Tomas Bata University in Zlín

Anna Kotaskova
Paneuropean University Bratislava

Jan Dvorsky
Tomas Bata University in Zlín

Aleksandr Kljucnikov
University of Entrepreneurship and Law, Prague
Keywords: Business environment, Educational system, Czech Republic, Legal factors, Slovak Republic, Small and medium-sized enterprises, State regulation and bureaucracy
DOI: 10.14254/2071-789X.2019/12-1/3
Index PUBMS: d1022e30-5d45-11e9-8b68-fa163e6feac6
Language: English
Pages: 61-79 (19)
JEL classification: H70, L26, M13, M29
Website: https://www.economics-sociology.eu/?641,en_the-impact-of-political-factors%E2%80%98-perception-on-suitability-of-international-business-environment-the-case-of-startups
Licenses:
This paper was created at Tomas Bata University in Zlín and was supported through the Project No. RO/2018/02 – Important attributes of the quality of SMEs business environment: mutual contexts, relationships and priorities and through the Project No. GAAA/16/2018 – Insolvency and failing circumstances in the environment of young entrepreneurs and small and medium-sized enterprises.
Abstract

Favorable business environment including political, technological, economic, social and other determinants is one of the crucial factors influencing the decision to start a business. The aim of this paper is to define and quantify significant political factors which determine the perception of the quality of business environment (QBE) of small and medium-sized enterprises for starting a new business in Czech Republic and Slovakia. Data of an extensive research conducted at Tomas Bata University in Zlín in 2018 was processed by means of regression analysis. The results show that QBE in both countries is mostly affected by state regulation and state support of business activities, followed by legal environment. The factor supposed to be the third one differed in each country. While QBE is also determined by the quality of education in Czech Republic, this factor is not statistically significant in Slovakia, and the state bureaucracy is. Therefore, governments of both countries should continue facilitating start-ups’ development by reducing and eliminating administrative barriers, improving access to finance, and by adapting educational programs involving entrepreneurial education at different educational levels.

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