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The impact of significant political factors on starting a new business

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dc.title The impact of significant political factors on starting a new business en
dc.contributor.author Cepel, Martin
dc.contributor.author Belás, Jaroslav
dc.contributor.author Dvorský, Ján
dc.relation.ispartof Proceedings of the European Conference on Innovation and Entrepreneurship, ECIE
dc.identifier.issn 2049-1050 Scopus Sources, Sherpa/RoMEO, JCR
dc.identifier.isbn 978-1-912764-34-1
dc.date.issued 2019
utb.relation.volume 1
dc.citation.spage 220
dc.citation.epage 228
dc.event.title 14th European Conference on Innovation and Entrepreneurship, ECIE 2019
dc.event.location Kalamata
utb.event.state-en Greece
utb.event.state-cs Řecko
dc.event.sdate 2019-09-19
dc.event.edate 2019-09-20
dc.type conferenceObject
dc.language.iso en
dc.publisher Academic Conferences and Publishing International Limited
dc.identifier.doi 10.34190/ECIE.19.117
dc.subject political factors en
dc.subject small and medium-sized enterprises en
dc.subject starting a business en
dc.description.abstract Small and medium-sized enterprises (SMEs) are an essential part of every country's economic system. The entry of new potential business entities plays an important role in this regard, what is also the focus of the European Commission, which calls for a significant improvement in the conditions for starting a new business. The aim of the paper is to define significant political factors influencing the quality of the business environment and quantify their impact on starting a new business. In regards to the defined aim, a survey-based research was conducted with the enterprises operating in the SME segment in the Czech and the Slovak Republic. The research was done on a sample of 641 respondents. They were business owners and managers active in small and medium-sized enterprises. The respondents had the option to express their agreement using the Likert scale: strongly agree, agree, neutral, disagree and strongly disagree. The results of the research were processed via the method of regression analysis. State regulation and business support has a major impact on the decision to start a business. The second most important factor is the legislative environment and the least significant factor is the state bureaucracy. The evaluation of political factors is quite negative in both countries. Just a small proportion of entrepreneurs in both countries positively evaluated the level of legislation in business and the administrative burden on workforce for businesses. The results of the research show the need to create more appropriate conditions for starting a new business. © Proceedings of the 14th European Conference on Innovation and Entrepreneurship, ECIE 2019. All rights reserved. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009215
utb.identifier.obdid 43880306
utb.identifier.scopus 2-s2.0-85073346571
utb.source d-scopus
dc.date.accessioned 2019-11-20T10:30:29Z
dc.date.available 2019-11-20T10:30:29Z
utb.contributor.internalauthor Belás, Jaroslav
utb.contributor.internalauthor Dvorský, Ján
utb.scopus.affiliation Faculty of Economics and Business, Pan-European University, Bratislava, Slovakia; Department of Enterprise Economics, Faculty of Management and Economics, Tomas Bata University, Zlín, Czech Republic; Department of Enterprise Economics, Faculty of Management and Economics, Tomas Bata University, Zlín, Czech Republic
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