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Title: Export potential of SMEs and Euro adoption in the Czech Republic
Authors: Helisek, Mojmir
Keywords: Small business -- Czech Republic
Small business -- Finance
Euro -- Czech Republic
Transaction costs
Foreign exchange rates -- Czech Republic
Issue Date: 2013
Publisher: University of Piraeus. International Strategic Management Association
Citation: Helisek, M. (2013). Export potential of SMEs and Euro adoption in the Czech Republic. European Research Studies Journal, 16(4), 71-78.
Abstract: The objective of this essay is to access the expected impact of the euro substitution for the Czech crown on exports of small and medium sized enterprises. The assessment has led to a theoretical definition of the transmission mechanism concerning the impact of the currency change on exports. It is the trade effect, transmitted through the elimination of certain transaction costs and exchange rate risk. This effect may also be promoted by the Rose Effect, specifically via SMEs. The Rose Effect is unlikely. This results from 1) currently high share of exports of SMEs in total export that corresponds to the share of GDP generated within the SME sector; 2) above-average share of Czech SMEs that export today.
Appears in Collections:European Research Studies Journal, Volume 16, Issue 4

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