Abstract
The paper’s primary aim is to evaluate the influence of macroeconomic stability on transport companies’ sustainable development in the eastern EU from 2008 to 2019. The first part discusses the theoretical problems. The empirical part includes the methodology, results of the research and conclusions. To determine the relationship between variables, we use Pearson’s R and the Ordinary Least Square Method. The contribution to knowledge is using the pentagon of macroeconomic stability to evaluate macroeconomic stabilisation’s influence on transport companies’ sustainable development. The results indicate that macroeconomic stability is one of the essential determinants of the transport companies’ sustainable development. According to Pearson’s R, the highest level of dependence is in Slovenia (0.96), Bulgaria (0.9), and Slovenia (0.83). The lowest is in Latvia (0.69). The OLS regression results indicate that the highest significance is in Slovakia (α1 = 1.994), the lowest is in Lithuania (α1 = 0.691). The states’ economic policies should favour the freedom to conduct business, create appropriate legal regulations, and support ecological investments. It is necessary to act for a stable and fair tax system, ensure access to finance. The issue is contemporary and requires further analysis.
Highlights
The relationship between macroeconomic stability (MSP) and transport companies’ sustainable development (SDTC) is a current and important issue in climate degradation
We focus on eleven eastern European Union countries, which have several common characteristics, including geolocation, history, economic systems transformation, and business operations changes
The Ordinary Least Square Method (OLS) regression results indicate that the highest impact of MSP on SDTC is in Slovakia (a1 = 1.994) while the lowest is in Lithuania (a1 = 0.691)
Summary
The relationship between macroeconomic stability (MSP) and transport companies’ sustainable development (SDTC) is a current and important issue in climate degradation. M. Comporek et al Macroeconomic stability and transport companies’ sustainable development in. Transport companies were selected for the research sample due to their role in developing other economic sectors. This sector has one of the largest negative impacts on the natural environment. The Authors discuss selected theoretical issues connected with the sustainable development of transport companies in the context of macroeconomic stability. It does not consider the situation before the economic crisis and its impact on companies’ sustainable development. The model considers only quantitative data, which is a significant limitation
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