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

Milena Otavová, Jana Gláserová and Pavel Semerád
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Milena Otavová: Mendel University in Brno, Czech Republic
Jana Gláserová: Mendel University in Brno, Czech Republic
Pavel Semerád: Mendel University in Brno, Czech Republic

European Journal of Business Science and Technology, 2021, vol. 7, issue 2, 198-209

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.

Keywords: administrative burden; average number of employees; balance sheet; micro-undertakings; net turnover; V4 countries (search for similar items in EconPapers)
JEL-codes: M20 M40 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:men:journl:v:7:y:2021:i:2:p:198-209

DOI: 10.11118/ejobsat.2021.013

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