The development of the czech sme sector

Bohatá, Marie; Mládek, Jan

doi:10.1016/s0883-9026(98)00025-1

Cited by 56 publications

(35 citation statements)

References 2 publications

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“…Concerning developing countries, Aidis (2005) analyzes the effect of corruption on business entry. According to this author, developing countries face a multitude of barriers affecting business operations and creation, in which corruption plays a negative role (Bohata and Mladek, 1999). Johnson et al (2000b) find that some hiding of the output of businesses in countries such as Poland, Slovakia and Romania is significantly associated with a high level of bureaucratic corruption, discouraging entrepreneurial activity through high entry barriers.…”

Section: Institutions and Opportunity Entrepreneurshipmentioning

confidence: 99%

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Aparicio

Urbano

Audretsch

2016

Technological Forecasting and Social Change

499

409

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Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. Abstract: This paper explores the institutional factors that encourage opportunity entrepreneurship in order to achieve higher rates of economic growth. We suggest that institutions may not have an automatic effect, as is typically assumed in models of endogenous growth. Rather, a mechanism is required to serve as a conduit into the society for those institutional factors that affect productive behavior such as entrepreneurial activity. Thus, opportunity entrepreneurship is identified as one such mechanism that impacts on economic growth. Using a three-stage least-square method through unbalanced panel data with 43 countries (2004-2012), we find that informal institutions have a higher impact on opportunity entrepreneurship than formal institutions. Variables such as control of corruption, confidence in one's skills and private coverage to obtain credit promote a positive effect of opportunity entrepreneurship on economic growth in all the countries of our sample, and especially in Latin American countries as a homogeneous group. These results suggest additional elements to the theoretical discussion in terms of the importance of institutions such framework to understand determinants and effects of opportunity entrepreneurship. Regarding 2 policy implications, the results also suggest that it could be possible to obtain economic growth encouraging the appropriate institutions in order to increase the entrepreneurship by opportunity.

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Section: Institutions and Opportunity Entrepreneurshipmentioning

confidence: 99%

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Aparicio

Urbano

Audretsch

2016

Technological Forecasting and Social Change

499

409

View full text Add to dashboard Cite

show abstract

“…The most important barriers seem to be formal barriers such as the high level of taxes (Bohata and Mladek, 1999;Hashi, 2001; Bartlett and Bukvic, 2001) and the general regulatory environment (Brunetti et al, 1998;Hashi 2001). Informal barriers such as the implementation of regulations (Jancauskas, 2000;Bartlett and Bukvic, 2001), corruption (Bohata and Mladek, 1999) and unfair competition from the large informal economy (Muent et al, 2001). Environmental barriers such as lack of financing (Pissarides et al, 2000;Hashi, 2001; Bartlett and Bukvic, 2001) and low purchasing power (Jancauskas, 2000) further interfere with SME development.…”

Section: Introductionmentioning

confidence: 99%

“…Environmental barriers such as lack of financing (Pissarides et al, 2000;Hashi, 2001; Bartlett and Bukvic, 2001) and low purchasing power (Jancauskas, 2000) further interfere with SME development. Lack of qualified workers (Bohata and Mladek, 1999) and late payment by clients (Bartlett and Bukvic, 2001) form additional environmental barriers. Skill based barriers such as the lack of business-related skill development stem from the lack of previous private business experience in transition countries (Roberts and Tholen, 1998).…”

Section: Introductionmentioning

confidence: 99%

Institutional Barriers to Small- and Medium-Sized Enterprise Operations in Transition Countries

2005

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“…Infrastructure, such as transportation, electricity and telecommunications, affects the core of business operations, particularly for the manufacturing sector (Hulten et al, 2006). Finally, broad ethical norms, such as the level of bribery and corruption (Bohata and Mladek, 1999), affect the overall costs of operating a business.…”

Section: Institutional Environment and Business Constraintsmentioning

confidence: 99%

India shining? A two-wave study of business constraints upon micro and small manufacturing firms in India

Das

2013

International Small Business Journal

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The national marketing slogan 'India Shining' was launched in 2004 by the Indian government to showcase rapid economic growth; around the same time, a number of new policy measures to promote small businesses were introduced to help them deal with an increasingly globalised environment. This article analyses survey data collected by the World Bank from owners and managers of 1300 Indian firms in 2002 and 608 firms in 2006 respectively, to explore how prevailing business constraints limit the performance of micro (fewer than 10 ) and small (10 to 49 employees) manufacturing businesses in 2002 and 2006. Using capacity utilisation to measure performance, the study finds that both micro and small firms fared somewhat worse in 2006 than in 2002.

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The development of the czech sme sector

Cited by 56 publications

References 2 publications

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Institutional Barriers to Small- and Medium-Sized Enterprise Operations in Transition Countries

India shining? A two-wave study of business constraints upon micro and small manufacturing firms in India

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