Publication detail

The Venture Capital in the Czech Companies: Development of Number of Employees and Efficiency of Employees

RAJCHLOVÁ, J. FEDOROVÁ, A. BROŽ, Z.

Original Title

The Venture Capital in the Czech Companies: Development of Number of Employees and Efficiency of Employees

Type

journal article in Scopus

Language

English

Original Abstract

This article summarizes research in which several chosen characteristics of Czech firms financed by venture capital were observed between 1998 and 2011. This research has two research objectives. The first objective is to evaluate the development of selected characteristics like for example the number of employees or the productivity of employees. The second objective is to research the observed characteristics and their dependence on the size of the business enterprise. This research is useful and original because it analyzes a large group of Czech enterprises which use venture capital financing. Quantitative data were evaluated with the help of descriptive statistics and Microsoft Excel. Following conclusions can be drawn from this research. The average number of employees did not grow in the observed time period unlike the productivity of employees. Several other important observations were made from the analysis. For example both small to medium sized businesses and large enterprises recorded a measureable average increase in the productivity of employees. Small businesses recorded an increasing average number of employees. Medium sized businesses had decreasing productivity and also a decreasing number of employees. The conclusions of this research can help managers of businesses that would like to use venture capital financing in the near future. This research also provides a valuable feedback to venture capital investors and helps to understand the long term macroeconomic impacts on enterprises financed by venture capital.

Keywords

the productivity of employees, venture capital, employees

Authors

RAJCHLOVÁ, J.; FEDOROVÁ, A.; BROŽ, Z.

RIV year

2014

Released

4. 4. 2014

Publisher

Business Perspektives

Location

Sumy, UA

ISBN

1810-4967

Periodical

Investment Management and Financial Innovations

Year of study

11

Number

1

State

Czech Republic

Pages from

77

Pages to

87

Pages count

10

BibTex

@article{BUT107409,
  author="Jaroslava {Rajchlová} and Anna {Fedorová} and Zdeněk {Brož}",
  title="The Venture Capital in the Czech Companies: Development of Number of Employees and Efficiency of Employees",
  journal="Investment Management and Financial Innovations",
  year="2014",
  volume="11",
  number="1",
  pages="77--87",
  issn="1810-4967"
}