Received: 2021-03-15  |  Accepted: 2021-08-08  |  Published: 2021-09-30

Title

Business environment analysis based on the Doing Business: case study Slovakia


Abstract

Business activity is logically influenced by a certain environment in which it takes place. We call this the business environment. It consists of conditions in a specific country, respectively. specific location. Today, we can also talk about the global business environment. The business environment consists of all entities in the vicinity of the company, which directly or indirectly affect it and interfere with its activities. Every business or person doing business operates in a specific business environment. The business environment should create the conditions for entrepreneurs to pay them start-ups and existing ones to thrive in business, while being able to offer vacancies. Based on the Doing business indicator in this paper, we analyze the development of the business environment in the Slovak Republic for the period 2009 to 2020. The data were used in an international database available online within the data provided by the World Bank. The aim of this paper is to point out the development and analyze the reasons for development trends in the Slovak Republic.


Keywords

business environment, doing business, Slovak Republic


JEL classifications

E22 , F21 , F43


URI

http://jssidoi.org/ird/article/75


DOI


HAL


Pages

56-65


Funding

This paper is the output of an international project of the Grant Agency Academia aurea no. GA_10_5 / 2020 entitled "International business environment - a concept determining current changes and megatrends of future development (with emphasis on quantification phenomena and the response of companies)" and IGA no. 1/2020 "International business environment - determinant of current trends" (Funder: VSEMvs IGA VSEMvs, i.e. School of Economics and Management in Public Administration, Slovak Republic)

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Fabuš, Michal
School of Economics and Management of Public Administration in Bratislava, Bratislava, Slovakia http://www.vsemvs.sk
Articles by this author in: CrossRef |  Google Scholar

Dudáš, Tomáš
Pan-European University, Bratislava, Slovakia https://www.paneurouni.com
Articles by this author in: CrossRef |  Google Scholar

Cihelková, Eva
Pan-European University, Bratislava, Slovakia https://www.paneurouni.com
Articles by this author in: CrossRef |  Google Scholar

Journal title

Insights into Regional Development

Volume

3


Number

3


Issue date

September 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1832  |  PDF downloads: 628

References


Doing Business. (Official website). About us. 2020. Retrieved from http://doingbusiness.org/

Search via ReFindit


Doing Business. (Official website). Doing Business in Slovak Republic. 2020. Retrieved from http://doingbusiness.org/data/exploreeconomies/slovakia/

Search via ReFindit


Doing Business. (Official website). Methodology. 2020. Retrieved from http://doingbusiness.org/methodology

Search via ReFindit


Doing Business. (Official website). Statistical Data. 2020. Retrieved from http://doingbusiness.org

Search via ReFindit


Estevao, J., Lopes, J.D., Penela, D. & Soares, J.M. 2020. The Doing Business ranking and the GDP. A qualitative study. Journal of Business Research, 115, 435-442 http://doi.org/10.1016/j.jbusres.2019.11.067

Search via ReFindit


Fabus, M. 2018. Business environment analysis based on the Global Competitiveness Index (GCI) and Doing Business (DB): case study Slovakia. Journal of Security and Sustainability Issues, 7(4), 831-839. http://doi.org/10.9770/jssi.2018.7.4(18)

Search via ReFindit


Gogokhia, T. & Berulava, G. 2021. Business environment reforms, innovation and firm productivity in transition economies. Eurasian Business Review, 11(2), 221-245. http://doi.org/10.1007/s40821-020-00167-5

Search via ReFindit


Guay, T. 2014. The Business Environment of Europe. Cambridge: Cambridge University Press, 2014.

Search via ReFindit


Hallberg, K. 2006. Improving Investment Climates. Washington: The World Bank, 2006.

Search via ReFindit


Hamilton, L. & Webster, P. 2015. The International Business Environment. The 3rd Edition. Oxford: Oxford University Press.

Search via ReFindit


Harrison, A. 2014. Business Environment in a Global Context. The 2nd Edition. Oxford: Oxford University Press, 2014.

Search via ReFindit


Hudakova, M. & Papula, J. 2016. Podnikanie a podnikateľské myslenie II. Wolters Kluver. Praha. 2016. ISBN 978-80-7478-994-6

Search via ReFindit


Hudakova, M. 2010. Small and Medium Sized Enterprises in Slovakia. 2010. In: The impact of V4 Countries in the European Union on enterprise and regional development. Bratislava: Merkury, pp. 99-104. ISBN 978-80-89458-20-2

Search via ReFindit


Ibidunni, A.S., Ogundana, O.M. & Okonkwo, A. 2021. Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment. Journal of African Business Early Access http://doi.org/10.1080/15228916.2021.1874784

Search via ReFindit


Jimenez, D.L., Dittmar, E.C. & Portillo, J.P.V. 2021. New Directions in Corporate Social Responsibility and Ethics: Codes of Conduct in the Digital Environment. Journal of Business Ethics Early Access https://doi.org/10.1007/s10551-021-04753-z

Search via ReFindit


Juríčková, V. et al. 2006. Podnikateľské prostredie a firemné stratégie. [Business environment and corporate strategies] Bratislava: Ekonomický ústav SAV (in Slovak)

Search via ReFindit


Kogut, C.S., da Fonseca, L.N.M., da Silva, J.F. 2021. Entrepreneurial environment attractiveness: a cross-country longitudinal cluster analysis. Competitiveness Review Early Access http://doi.org/10.1108/CR-06-2020-0081

Search via ReFindit


Krugman, P. R., Obstfeld, M. 2015. International Economics: Theory and Policy. 10. Ed. Harlow: Pearson Education Limited, 785p. ISBN 978-1-292-01955-0.

Search via ReFindit


Lux, A.A., Macau, F.R. & Brown, K.A. 2020. Putting the entrepreneur back into entrepreneurial ecosystems. International Journal Of Entrepreneurial Behavior & Research, 26(5), 1011-1041 http://doi.org/10.1108/IJEBR-01-2020-0031

Search via ReFindit


Majtán, Š. et al. 2012. Podnikové hospodárstvo. [Business Economy] The 2nd Edition. Bratislava: Sprint 2, 2012 (in Slovak)

Search via ReFindit


Martinovičová, D. et al. 2014. Úvod do podnikové ekonomiky. [Introduction to the Business Economy] Praha: Grada, (in Slovak)

Search via ReFindit


Moller, K., Nenonen, S. & Storbacka, K. 2020. Networks, ecosystems, fields, market systems? Making sense of the business environment. Industrial Marketing Management, 90, 380-399. http://doi.org/10.1016/j.indmarman.2020.07.013

Search via ReFindit


Osiyevskyy, O., Shirokova, G. & Ritala, P. 2020. Exploration and exploitation in crisis environment: Implications for level and variability of firm performance. Journal of Business Research, 114, 227-239. http://doi.org/10.1016/j.jbusres.2020.04.015

Search via ReFindit


Peng, M. & Meyer, K. 2016. International Business. 2. Ed. Andover: Cengage Learning EMEA, 2016. p. 606. ISBN 978-1-4737-2264-4.

Search via ReFindit


Penttila, K., Ravald, A., Dahl, J. & Bjork, P. 2020. Managerial sensemaking in a transforming business ecosystem: Conditioning forces, moderating frames, and strategizing options. Industrial Marketing Management, 91, 209-222. http://doi.org/10.1016/j.indmarman.2020.09.008

Search via ReFindit


Rugman, A.M. & Collinson, S. 2012. International Business. 6. Ed. Harlow: Pearson Education Limited, 765p. ISBN 978-0-273-76097-9.

Search via ReFindit


Stokes, D. & Wilson, N. 2016. Small business management and Enteprenourship. 7th edition. Hampshire: Cengage Learning EMEA, 496p. ISBN: 978-14-737-2973-5.

Search via ReFindit


Tancosova, J. 2013. Foreign direct investments and their influence on the economic development of Slovakia. Economic Annals-XXI, 3-4(1), 31-34. Retrieved from http://soskin.info/ea/2013/3-4/zmist.html

Search via ReFindit


Tancosova, J. 2014. Investment attractiveness of Slovak republic and its determinants. Economic Annals-XXI, 3-4(1), 8-11. Retrieved from http://soskin.info/userfiles/file/2014/3-4_2014/1/Tancosova.pdf

Search via ReFindit


Thomas, D.C. & Peterson, M.F. 2018. Cross-cultural management. Essential Concepts. Fourth edition. London: SAGE, 313p. ISBN 978-1-5063-8752-9

Search via ReFindit


Wagner, S.M. 2016. The Business Environment of Europe: Firms, Governments, and Institutions. Academy of management learning & education, 16(1), 169-171. https://doi.org/10.5465/amle.2017.0053

Search via ReFindit


Wetherly, P. & Otter, D. 2014. The Business Environment. The 3rd Edition. Oxford: Oxford University Press.

Search via ReFindit