The Quality of Macro-Environment and Business Environment and University Student Entrepreneurship - Comparison of the Czech and the Slovak Republic

Abstract

Abstract The aim of this paper was to examine university students’ propensity for entrepreneurship in the context of the evaluation of the quality of macro-environment and business environment. A part of this aim was a comparison of defined factors in the Czech and the Slovak Republic. In relation with the research aim, a survey-based research was conducted with university students in the Czech Republic and Slovakia. 409 students in the Czech Republic and 568 students in Slovakia were approached during this research. To verify the defined scientific hypotheses, the regression analysis was used. The research results brought interesting findings, namely that the present macroeconomic environment does not prevent students from starting their own business, and that the present level of basic macroeconomic factors (GDP, employment, inflation) determine the students’ propensity for entrepreneurship in both countries. In Slovak Republic, the administrative workload is seen by the students as a factor discouraging them from entrepreneurship after graduating from college. The students feel that the conditions for doing business have improved in the last five years. Students in the Czech Republic think that the conditions for doing business have improved over the past five years, and consider the business environment to be reasonably risky and of good quality.