KRKOŠKOVÁ, Radmila. WHAT MACROECONOMIC INDICATORS AFFECT PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES? In Jarmila ŠEBESTOVÁ, Roman ŠPERKA, Petr SUCHÁNEK, Šárka ČEMERKOVÁ, Žaneta RYLKOVÁ, Kateřina MATUŠÍNSKÁ, Radka BAUEROVÁ, Jiří MAZUREK and Radim DOLÁK. 3rd International conference on Decision making for Small and Medium-Sized Enterprises. Conference Proceedings. Karviná: Silesian University in Opava, School of Business Administration in Karviná, 2021, p. 301-309. ISBN 978-80-7510-456-4.
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Basic information
Original name WHAT MACROECONOMIC INDICATORS AFFECT PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES?
Authors KRKOŠKOVÁ, Radmila (203 Czech Republic, guarantor, belonging to the institution).
Edition Karviná, 3rd International conference on Decision making for Small and Medium-Sized Enterprises. Conference Proceedings, p. 301-309, 9 pp. 2021.
Publisher Silesian University in Opava, School of Business Administration in Karviná
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
WWW WHAT MACROECONOMIC INDICATORS AFFECT PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES?
RIV identification code RIV/47813059:19520/21:A0000219
Organization unit School of Business Administration in Karvina
ISBN 978-80-7510-456-4
Keywords in English Fisher-ADF test; Granger causality test; panel cointegration analysis; SME; V4
Changed by Changed by: Mgr. Radmila Krkošková, Ph.D., učo 48703. Changed: 13/9/2021 15:31.
Abstract
This article deals with how certain economic, social, demographic, and political factors influence the short- and long-term performance of small and medium enterprises (SMEs). Eight variables were chosen, from which we expect a specific influence in both the short- and long-run. SMEs' performance is defined by using the value-added (VA) by SMEs, as a percent of the total VA by enterprises. The VA at factor costs for SMEs was firstly reported by the European Commission in 2008. The article analyzes the countries of the Visegrad Four during the period from 2008 to 2019. The article uses the tools of time series econometrics, especially the panel cointegration analysis, and the Granger causality test. The long-term relationships were confirmed between the SME's performance and the corruption index, the gross domestic product, the life expectancy, and the unemployment rate. The short-term relationships were confirmed between the SME's performance and the gross domestic product and the life expectancy. EViews software version 11 has been used for the calculations.
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