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
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