European Journal of Business Science and Technology 2021, 7(2):198-209 | DOI: 10.11118/ejobsat.2021.013

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

Milena Otavová1, Jana Gláserová1, Pavel Semerád1
1 Mendel University in Brno, Czech Republic

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
JEL classification: M20, M40

Received: June 30, 2021; Revised: November 11, 2021; Accepted: November 15, 2021; Published: December 21, 2021  Show citation

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Otavová, M., Gláserová, J., & Semerád, P. (2021). Is the Category of Micro-Undertakings in the Visegrad Group Countries Relevantly Defined? European Journal of Business Science and Technology, 7(2), 198-209. doi: 10.11118/ejobsat.2021.013
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