The Potential of Business Environment Institutions and the Support for the Development of Small and Medium-sized Enterprises

Lisowska, Renata

doi:10.15678/eber.2016.040307

Cited by 16 publications

(12 citation statements)

References 4 publications

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“…The findings that the different results in perception of examined macroeconomic environment factors in relation to a support of start-ups, innovative activities and provision of favourable conditions for business activities also correspond with the findings from the following studies: Koisova et al (2017), Lisowska (2016), Holienka (2015), Botlíková and Botlík (2014).…”

Section: Discussionsupporting

confidence: 85%

Discrepancies in Perception and Evaluation of Macroenvironment – Sectoral Analysis

Belás

Gavurová

Kubálek

et al. 2020

Journal of Business Economics and Management

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The aim of presented study is to evaluate macroeconomic environment and to determine differences in perception of macroeconomic environment by entrepreneurs in Slovak Republic and Czech Republic. Data collection was done by questionnaire which was answered by 329 entrepreneurs from Slovak Republic and 312 entrepreneurs from Czech Republic. Topics treated concerning macroenvironment were the favourableness of macroenvironment for business activities, its support for starting an entrepreneurship, its support of innovation activities of companies and its capacity to promote entrepreneurship and to create interesting business opportunities. Answers are divided according to sector in which entrepreneurs doing business. Considered sectors are: transport, trade, construction, production, agriculture, services and other sectors. To analyse collected data, we use correspondence analysis. Results show that there exists systematic difference in perception of macroenvironment by entrepreneurs from SMEs in Slovak Republic and Czech Republic. It seems that entrepreneurs from Czech Republic percept macroenvironment more positively than Slovak ones. Moreover, we document different perception of macroeconomic situation depending on sector in which entrepreneurs operate. Presented research results bring findings for the creators of economic policies. Similarly, presented results form a platform for concepts of strategic and regional plans in order to provide sustainable business environment in the countries, and also their stable economic growth.

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Section: Discussionsupporting

confidence: 85%

Discrepancies in Perception and Evaluation of Macroenvironment – Sectoral Analysis

Belás

Gavurová

Kubálek

et al. 2020

Journal of Business Economics and Management

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“…For many entrepreneurs, insufficient financial literacy will be an obstacle to dealing with these problems successfully, or, more precisely, it will be the main obstacle to start up and development of entrepreneurial activity and may be considered a significant risk factors (Nguyen & Rozsa, 2019). The importance of consultancy firms is thus growing; however, the use of their services and the satisfaction of entrepreneurs with such companies is much discussed (Lisowska, 2016). Gender differences in responses to the statements were smaller; however, in some dimensions, clear differences prevail between the managers´ responses in the two countries.…”

Section: Discussionmentioning

confidence: 99%

“…This raises the questions about the extent to which the legislative and administrative burden is favourable for the business environment in both countries. Frequent changes in the legislation demotivate especially young entrepreneurs with insufficient experience, who consider the administrative and bureaucratic burden to be a risky component of business (Lisowska, 2016;Psárska et al, 2019). On the other hand, some entrepreneurs (especially would-be) call for legislative changes, especially those that help them overcome the difficulties related to starting up a business.…”

Section: Discussionmentioning

confidence: 99%

Study of legislative and administrative obstacles to SMEs business in the Czech Republic and Slovakia

Gavurová

Belás

Bilan

et al. 2020

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Research background: SMEs represent an integral part of the economy environment in a majority of the countries all over the world. They signify the most efficient, progressive, and important part of the advanced economies. The long-term effort of the EU countries, as well as other advanced economies is to create quality and stable conditions for their development in order to be able to respond to all the possible changes in the business environment that is being changed to more and more comprehensive in the recent time. Purpose of the article: The objective of the contribution is to examine administrative and legislative obstacles to SMEs business in the Czech Republic and Slovakia and the quantification of the differences in perceiving legislative and administrative obstacles to business by entrepreneurs in both countries. Methods: A questionnaire survey was conducted within SMEs in the Czech Republic and Slovakia in 2019. The research sample included 641 SMEs, 312 from the Czech Republic and 329 from Slovakia. We focused on 5 dimensions related to legislative and administrative obstacles to SMEs business within which selected statements were examined. Contingency tables were used to analyze the ratios of the examined variables. Findings & Value added: The differences detected in both countries in the respondents´ perception and assessment are evidence of the changes in the business environment of both countries, giving rise to the questions about the extent to which the legislative and administrative obstacles, as well as the obstacles related to law enforcement and bureaucracy are acceptable and by which groups of entrepreneurs. The results of the research provide valuable findings for the creators of regional and national policies, and represent a valuable basis for the creation of the concepts focused on the SMEs´ development in both countries. The results of the study also support the implementation of follow-up research in this area that will reveal other determinants affecting the development of SMEs. They also create a valuable platform for the construction of national and international benchmarking indicators in this area and the implementation of comparative analyses. This will also support the methodological area necessary for a creation of high-quality concepts and strategies.

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“…The Need for Accelerators The emergence of accelerators has transmuted traditional mechanisms of enterprise support that occur through incubation, business support institutions, and venture capitalist investment (Cohen & Hochberg, 2014;Dahms & Kingkaew, 2016;Lisowska, 2016). Accel-erators are either organisations or programs offered within them with structured and intensive mentorship to a set of selected start-ups as cohorts (Goswami et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Assessing and Comparing Top Accelerators in Brazil, India, and the USA: Through the Lens of New Ventures’ Performance

Shetty¹,

Sundaram²,

Achuthan³

2020

EBER

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The objective of this article is to assess and compare the factors influencing the performance of new ventures within top business accelerators across three countries using the Resource Based View (RBV) theory. Research Design & Methods: The key analysed parameters are funding dimensions, survivability, acquisition, and growth of 1286 new ventures that graduated from the top two accelerators in Brazil, India, and the USA, i.e. countries from developed and emerging economies. Methods we used were machine learning and two independent sample t-tests. Findings: Input seed funding by accelerators played a dominant role and improved funding trajectories. The external ecosystem was an important differentiator and impacted new ventures' survivability, growth, and funding outcomes. Capabilities and competencies of accelerators differentiated outcomes within the same ecosystem while external environment dampened accelerator outcomes in emerging economies. Implications & Recommendations: Accelerators from emerging ecosystems should strive to augment their human capital and network capabilities, including seed funding, while policy-makers should improve ecosystem index values mentioned in this study. Contribution & Value Added: This is the first of its kind study that extended the RBV theory to accelerators and disentangled the effect of the external environment and RBV on accelerators across three ecosystems with a comprehensive framework of measures. It provides value to practitioners in India and Brazil by highlighting lacunae in their accelerator programs and possible approaches to address them successfully. Article type: research article

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The Potential of Business Environment Institutions and the Support for the Development of Small and Medium-sized Enterprises

Cited by 16 publications

References 4 publications

Discrepancies in Perception and Evaluation of Macroenvironment – Sectoral Analysis

Discrepancies in Perception and Evaluation of Macroenvironment – Sectoral Analysis

Study of legislative and administrative obstacles to SMEs business in the Czech Republic and Slovakia

Assessing and Comparing Top Accelerators in Brazil, India, and the USA: Through the Lens of New Ventures’ Performance

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