The Influence of Macroeconomic Factors of the Business Environment on the Development of the Number of SMEs
The Influence of Macroeconomic Factors of the Business Environment on the Development of the Number of SMEs

Author(s): Katarína Kráľová, Dana Jašková, Jana Sochuľáková
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Summary/Abstract: The precondition for the development of any economy is the existence of a sufcient number of promising and developing SMEs. The basic element of successful SME development is the socio-economic business environment, which motivates to develop business. The paper analyses the socio-economic factors of the business environment in the regions of the Slovak Republic in the context of the development of SME business activities. The authors used survey methods to identify and better understand the socio-economic factors that stimulate business development, as well as barriers to the development of SME business activities in the regions of the Slovak Republic. To assess the relationship between the socio-economic level of the regions and the development of business in the regions, the authors constructed a composite indicator, which made it possible to compare and monitor the development of selected indicators. The authors used more complex multidimensional statistical methods for the calculation.

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