The Influence of the Institutions on Entrepreneurship Development: Public Support and Perception of Entrepreneurship Development in the Czech Republic
Author:Petr Hlavacek, Marta Zambochova and Tomas Sivicek
JEL:D70, H70, O43, O52
DOI:
Keywords:entrepreneurship, institutional environment, barriers, development, public
support, Czech Republic
Abstract:
This article deals with the research of entrepreneurship development in the frame of
institutional environment in the Czech Republic. The example of the Czech Republic shows
similar problems and specifics of post-transformation economies in Central and Eastern
Europe. The goal is to discover the impact of specific institutional barriers on
entrepreneurship development from the perspective of entrepreneurs and willingness to
start own business.
The surveys revealed that institutional barriers have significant impact on business. The
influence of public administration and the configuration of the legislative environment are
other key factors. Entrepreneurship policies should be more effective and public
administration needs to create a better system of support and information transfer for new
entrepreneurs and entrepreneurship development.