ASSESSMENT OF APPROACHES TO MEASURING THE QUALITY OF BUSINESS ENVIRONMENT IN SLOVAKIA

There are many situations and cases occurring in a business when it is necessary to use several qualitative, but mainly quantitative indicators from different areas of business environment, combined into comprehensive evaluation model, so called indexes, for purposes of evaluating the quality of the business environment,. Indexes of assessing the level of business environment published by Business Alliance of Slovakia (PAS) are consisting mainly of qualitative indicators collected by the questionnaire responses of 500 largest enterprises in the Slovak Republic. Indexes of assessing the level of the business environment established by global authorities in a field of economics mainly consists of quantitative indicators. The aim of this paper is to provide analysis of different approaches to the assessment of the business environment in Slovakia published by global and domestic organizations respecting the real development of the business environment in Slovakia. An important part of this paper is an evaluation of key factors influencing the business environment based on the research of authors in solving a scientific project. Results of business environment indexes analysis were compared with the results of the business environment assessment from the recent research. Based on these results, authors tested hypotheses about influence of external factors on the quality of business environment. Main contribution of the paper is a proposal of recommendations for improving assessment of the quality of business environment in Slovakia via Index of Business Environment (IPP) published by the Business Alliance of Slovakia.