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Is the Category of Micro-Undertakings in the Visegrad Group Countries Relevantly Defined?

Author

Listed:
  • Milena Otavová

    (Mendel University in Brno, Czech Republic)

  • Jana Gláserová

    (Mendel University in Brno, Czech Republic)

  • Pavel Semerád

    (Mendel University in Brno, Czech Republic)

Abstract

This paper deals with the definition of micro-undertakings in the Visegrad Group countries (V4). To define micro-undertakings is a task of EU Member States with effect from 1 January 2016. The goal of the Directive is to create better conditions for undertakings and make them more competitive, in particular by reducing the administrative burden. The aim of this paper is to evaluate the level of criteria adopted for defining micro-undertakings in the V4 in relation to the intended reduction in their administrative burden. In addition to the V4, Germany is also researched as a representative of an advanced economy. The study was based on data from the Amadeus database and it was found out that most companies in the V4 belong to the category of micro-undertakings. To achieve the goal of the Directive, it is necessary to reduce their number. As the submitted proposals suggest, their number should be reduced to a level comparable to that of Germany.

Suggested Citation

  • Milena Otavová & Jana Gláserová & Pavel Semerád, 2021. "Is the Category of Micro-Undertakings in the Visegrad Group Countries Relevantly Defined?," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 7(2), pages 198-209.
    • Handle: RePEc:men:journl:v:7:y:2021:i:2:p:198-209
    DOI: 10.11118/ejobsat.2021.013
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    References listed on IDEAS

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    1. Valentyna Ozimkovska & Stanislaw Kubielas, 2013. "Deviation of the Ukrainian hryvnia from the equilibrium exchange rate," Post-Communist Economies, Taylor & Francis Journals, vol. 25(1), pages 18-36, March.
    2. Marius Deac, 2014. "The New Eu Accounting Directive – A Comparation Of Reporting Requirements," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 197-205, April.
    3. Tanja Broz, 2010. "Introduction of the euro in CEE countries - is it economically justifiable? The Croatian case," Post-Communist Economies, Taylor & Francis Journals, vol. 22(4), pages 427-447.
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    More about this item

    Keywords

    administrative burden; average number of employees; balance sheet; micro-undertakings; net turnover; V4 countries;
    All these keywords.

    JEL classification:

    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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