Title:	Key determinants of the quality of business environment of SMEs in the Czech republic
Authors:	Virglerová, Zuzana Homolka, Lubor Smrčka, Luboš Lazányi, Kornélia Klieštik, Tomáš
Citation:	E+M. Ekonomie a Management = Economics and Management. 2017, č. 2, s. 87-101.
Issue Date:	2017
Publisher:	Technická univerzita v Liberci
Document type:	článek article
URI:	http://hdl.handle.net/11025/26264
ISSN:	2336-5604 (Online) 1212-3609 (Print)
Keywords:	podnikatelské prostředí;SMEs;řízení rizik
Keywords in different language:	business environment;SMEs;risk management
Abstract in different language:	The business environment is determined by various obstacles the business owners have to deal with in the course of their work. This article aims to create a model of the quality of business environment, defi ne the key determinants of this model, and quantify the correlations among the individual determinants in the area of small and medium-sized enterprises (SMEs) in the Czech Republic. Partial results of a survey carried out at the Tomas Bata University in Zlín in 2015 were used for the analysis. On the basis of previous surveys, four determinants were set that infl uence the quality of business environment (State, Public perception, Financial markets and banks, Business risks). From these four areas, questions were selected and asked to business owners in the Czech Republic in the abovementioned survey. Links were identifi ed among selected questions asked to the owners. These links led to adjusting the business environment to four determinants: State and public perception, Banks and their approach to business, Knowledge of rules and principles, and fi nancial risks and their increase in post-crisis time. Subsequently, correlations were identifi ed among these determinants. It was ascertained that the knowledge of the conditions of the fi nancial system leads to a positive perception of the banks’ approach in terms of external fi nance. Moreover, a positive infl uence of the banking sector on how the business owners perceive fi nancial risks was identifi ed. Another important result of the survey is the fact that business owners who have the necessary knowledge of the fi nancial market perceive fi nancial risks as less intense compared to those lacking such knowledge of the fi nancial market.
Rights:	© Technická univerzita v Liberci CC BY-NC 4.0
Appears in Collections:	Číslo 2 (2017) Číslo 2 (2017)

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