Analysis of support and identification of barriers to SMEs in Slovakia and in the Czech Republic
Sažetak
The aim of the paper is to identify main obstacles in small and medium enterprises and evaluate similar and different features of the state support for entrepreneurship in Slovakia and the Czech Republic, based on detailed analysis and data from questionnaire research. Paper is divided into 5 chapters. In the introduction, authors are trying to focus on purpose of why it is important to support SMEs. The second chapter defines entrepreneurial support and individual support programs for SMEs in the Czech Republic and Slovakia by the European Union and by individual countries. The third chapter focuses on selected questions from research, which was made under the auspices of the project “How to prevent SMEs from failure”. It´s followed by a discussion and conclusion in which authors point out the biggest obstacles to SMEs that prevent them from successfully remaining on the market.
Reference
SBA Fact Sheet Slovakia. (2019, October 1). European Commission. Retrieved from: ec.europa.eu: https://ec.europa.eu/growth/smes/business-friendly-environment/performance-review_en#annual-report
Allah, M.A., & Nakhaie, H. (2011). Entrepreneurship and risk – taking. Procidings of International Conference on E-business, Management and Economics, 25. IACSIT Press, Singapore. 77-79.
Bartlett, A.C., & Ghoshal, S. (2003).What is a global manager? Harvard Business Review, 81 (8), 101-108.
Brozyna, J., Mentel, G., & Pisula, T. (2016). Statistical methods of the bankruptcy prediction in the logistics sector in Poland and Slovakia. Transformations in Business & Economics,15 (1), 93-114.
Center for Regional Development of the Czech Republic. (2017). Program for support businesses. Retrieved from: http://www.crr.cz/cs/podpora-podnikani/sluzby-a-poradenstvi/programy-podpor-podnikani/.
Czechinvest. (2018). Use of new financial instruments. Retrieved from: https://www.czechinvest.org/cz/Sluzby-pro-male-a-stredni-podnikatele/Chcete-dotace/OPPI/Radce/Definice-maleho-a-stredniho-podnikatele.
Eliašová, D., Bažó, L., Fodranová, I., Krošláková, M., & Valenteová, K. (2017). Businesses enterprise (in Slovak). Vydavateľstvo EKONÓM. Bratislava, Slovakia.
European Commission. (2016). Financial guidelines for applicants. Retrieved from http://www.zcrsr.sk/
European Commission. (2018). Business and SME. Retrieved from: https://ec.europa.eu/growth/smes_en.
European investment fund. (2016). EaSI Guarantee Instrument. Retrieved from: https://www.eif.org/what_we_do/microfinance/easi/easi-guarantee-instrument/index.htm.
European Social Fund in the Czech Republic. (2018). Retrieved from: https://www.esfcr.cz/detail-clanku/-/asset_publisher/BBFAoaudKGfE/content/evropsky-socialni-fond-v-cr.
Fi Compass. (2019, September). European regional development fund. Retrieved from: https://www.fi-compass.eu/esif/erdf
Hanová, S. (2017). Business contribution in 2017. Retrieved from Podnikam.sk: https://podnikam.sk/prispevok-na-podnikanie-v-roku-2017/.
Irimia-Dieguez, A., Blanco-Oliver, A., & Vazquez-Cueto, M. (2015). A Comparison of Classification/Regression Trees and Logistic Regression in Failure Models. Procedia Economics and Finance, 26, 23-28.
Ježková, R. & Ježek, J. (2011). Entrepreneurship and its municipal and regional support (in Slovak). Eurokódex. Bratislava, Slovakia.
Karas, M., & Reznakova, M. (2017). Predicting the Bankruptcy of Construction Companies: A CART-Based Model. Engineering Economics, 28 (2), 145-154.
Kliestik, T., Siekelova, A., & Misankova, M. (2017). Financial Health Prediction of Company’s Business Partners Based on Selected Quantitative and Qualitative Indicators. Journal of Economics, Business and Management, 5 (3), 143–147.
Kliestikova, J., Misankova, M., & Kliestik, T. (2017). Bankruptcy in Slovakia: International comparison of the creditor ́s position. Oeconomia Copernicana, 8 (2), 221-237.
Liu, J., & Wu, C. (2017). A gradient-boosting decision-tree approach for firm failure prediction: An empirical model evaluation of Chinese listed companies. The Journal of Risk Model Validation, 11 (2), 43-64.
Moore, S.E., Ulbrich, H., & Hepburn, K. (2018). Behavioral economics: a new lens for understanding genomic decision making. Journal of Nursing Scholarship, 50 (3), 241-248.
Pastuh, D. (2015). Book review: Global Themes and Local Variations in Organization and Management—Perspectives on Glocalization, Drori, G.S., Höllerer, M.A., Walgenbach P. (Eds.), Routledge, New York/London (2014). Journal of International Management, 21 (1), 78-81.
SARIO. (2018). Support of internationalization of SMEs. Retrieved from The Slovak Investment and Trade Development Agency: https://www.sario.sk/en/support-internationalization-smes.
Slovak Business Agency. (2017a). Guide to initiatives to support SMEs. Retrieved from: http://www.sbagency.sk/podpora-msp-v-sr-sprievodca-iniciativami.
Slovak Business Agency. (2017b). Establishment and demise of small and medium enterprises in Slovakia 2017. Retrieved from: https://www.npc.sk/media/uploads/files/Vznik_a_zanik_MSP_2017.pdf
Visegrad Fund Project 2018. (2019). How to prevent SMEs from failure (Actions based on comparative analysis in Visegrad countries and Serbia). Reteived from: http://mksm.sjm06.com/
The Author wishes to submit the Work to SJM for publication. To enable SJM to publish the Work and to give effect to the parties’ intention set forth herein, they have agreed to cede the first right to publication and republication in the SJM Journal.
Cession
The Author hereby cedes to SJM, who accepts the cession, to the copyright in and to the paper.
The purpose of the cession is to enable SJM to publish the Work, as first publisher world-wide, and for republication in the SJM Journal, and to grant the right to others to publish the Work world-wide, for so long as such copyright subsists;
SJM shall be entitled to edit the work before publication, as it deems fit, subject to the Authors approval
The Author warrants to SJM that:
- the Author is the owner of the copyright in the Work, whether as author or as reassigned from the Author’s employee and that the Author is entitled to cede the copyright to SJM;
- the paper (or any of its part) is not submitted or accepted for publication in any other Journal;
- the Work is an original work created by the Author;
- the Author has not transferred, ceded, or assigned the copyright, or any part thereof, to any third party; or granted any third party a licence or other right to the copyright, which may affect or detract from the rights granted to SJM in terms of this agreement.
The Author hereby indemnifies the SJM as a body and its individual members, to the fullest extent permitted in law, against all or any claims which may arise consequent to the warranties set forth.
No monetary consideration shall be payable by SJM to the Author for the cession, but SJM shall clearly identify the Author as having produced the Work and ensure that due recognition is given to the Author in any publication of the Work.
Should SJM, in its sole discretion, elect not to publish the Work within 1 year after the date of this agreement, the cession shall lapse and be of no further effect. In such event the copyright shall revert to the Author and SJM shall not publish the Work, or any part thereof, without the Author’s prior written consent.