INFLUENCE OF STATE PARTICIPATION ON BUSINESS CONDITIONS AND ENTREPRENEURSHIP IN THE EU COUNTRIES OF THE FORMER EASTERN BLOC

Journal Title: e-Finanse - Year 2018, Vol 14, Issue 2

Abstract

The purpose of this paper is to show the extent to which state interference in the economy affects the conditions of functioning for small and medium-sized enterprises in economies of the former eastern bloc which have already gone through the EU accession process. The data on SMEs’ situation were taken from the Fact Sheets of the EU program Small Business Act. Due to the fact that the variables proposed to describe the business environment differ significantly it was necessary to standardize them. The zero unitarization method was applied to rank countries properly. Special attention in this paper is devoted to Poland and the situation of businesses operating in this country. The research has identified some areas requiring urgent changes. It is crucial to improve the situation so that companies can play a proper role in the economy. A country which could be an example of good solutions that support business development is also described.

Authors and Affiliations

Ada Domańska, Robert Zajkowski

Keywords

Related Articles

ANALYZING THE LINK BETWEEN AGENCY PROBLEMS, GOVERNANCE AND CONTROL ATTRIBUTES FOR PAKISTAN

This research attempts to analyze the relationship between agency, control and corporate gover- nance attributes for a sample of 267 firms listed on the Pakistan Stock Exchange (PSX) from 2005 to 2008. The results show t...

Financialization and income inequality selected European countries 2004-2013

The article examines the impact of financialization on income inequality between 2004 and 2013, through a panel analysis of seven European countries. Moreover, it attempts to examine differences in the perception of the...

Crowdfunding as a mechanism for financing small and medium-sized enterprises

The implementation of an innovative idea by small and medium-sized enterprises often is difficult because of the difficulty in finding a source of financing. The modern level of development of communication technology, e...

Financialization and the cultural attitude of Polish society towards the banking sector

The article is dedicated to changes in the cultural attitude of Polish society towards the banking sector under the conditions of progressing financialization and arising consequences for the banking sector. First of all...

EVALUATION OF THE FACTORS INFLUENCING BUSINESS BANKRUPTCY RISK IN POLAND

This article is devoted to the issue of assessing the causes of business failure. The presented studies answer two research questions – what are the causes of corporate bankruptcies in Poland and how to more effectively...

Download PDF file
  • EP ID EP492710
  • DOI 10.2478/fiqf-2018-0008
  • Views 99
  • Downloads 0

How To Cite

Ada Domańska, Robert Zajkowski (2018). INFLUENCE OF STATE PARTICIPATION ON BUSINESS CONDITIONS AND ENTREPRENEURSHIP IN THE EU COUNTRIES OF THE FORMER EASTERN BLOC. e-Finanse, 14(2), 9-17. https://europub.co.uk/articles/-A-492710