Legal and Organizational Constraints on Entrepreneurship: A Case Study of Poland

Malgorzata Maliszewska, Barbara Karlikowska
European Research Studies Journal, Volume XXVIΙ, Issue 4, 1404-1420, 2024
DOI: 10.35808/ersj/3577

Abstract:

Purpose: The article explores the intricacies of business trading, emphasizing the diverse aspects of entrepreneurship. It defines the participants to business trading and focuses on the multifaceted nature of entrepreneurship. Design/methodology/approach: The study uses an analytical approach based on a review of legislation and micro/macroeconomic data from 2019-2023. Findings: The study reveals that frequent alterations in business-related legal regulations contribute to a lack of legal stability. The inclination to invest is diminished by legal instability, imprecise regulations, a lack of public consultation, or consultations that are shortened in duration. All these factors contribute to difficulties in planning the course of business development and increase the scope of possible risks. In addition to regulatory uncertainty, rising labor costs further strain the financial performance of organizations. The study also highlights how many regulations directly implemented from EU legislation can lead to misinformation and challenges, particularly for micro, small, and medium enterprises (SMEs). These findings underscore the inherently complex nature of entrepreneurship and the need for a unified voice representing the interests of entrepreneurs. The article recommends establishing a universal economic self-governing body to advocate for and support entrepreneurs across all sectors. Practical implications: The article highlights the great importance of the SME sector and points out key obstacles hindering business growth for entrepreneurs. Originality/value: The article advocates for the establishment of a Universal Economic Self-Government, a body designed to support entrepreneurs by providing them with clear, accessible information regarding the legal and operational requirements associated with their chosen business structures.


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