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The Financial Management And Regional Development

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  • Mihaela Brîndusa Tudose

Abstract

The main objective of the study is to examine the role that financial management plays in ensuring regional development. This is because the crisis, economic globalisation, the increasing external growth of companies and the institutionalisation of the autonomy of local communities have fuelled the interest in identifying alternatives to local and thereby regional development. The targeted operational objectives were: to define the preliminary coordinates of regional development; to identify the role of private and public financial management in supporting regional development; and to present the financing framework of the Siret-Prut-Nistru Euroregion. The main financial levers with a direct impact on regional economic development there are: tax incentives; using EU financing programmes; leverage based on ownership of buildings and land; business incubators, etc. The study suggests that financial management (both public and private) plays an important role in the development of the Euroregion, with wide-ranging present (in the post-crisis) as well as future implications.

Suggested Citation

  • Mihaela Brîndusa Tudose, 2015. "The Financial Management And Regional Development," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 21.
    • Handle: RePEc:bac:fsecub:15-21-06
    as

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    References listed on IDEAS

    as
    1. Mihaela Brînduşa TUDOSE, 2013. "The analysis of the financial performance of local authorities in the context of budgetary constraints," Management & Marketing, Economic Publishing House, vol. 8(3), Autumn.
    2. Fritsch, Michael, 2013. "New Business Formation and Regional Development: A Survey and Assessment of the Evidence," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 9(3), pages 249-364, February.
    3. M. Patrizia Vittoria & Giuseppe Lubrano Lavadera, 2014. "Knowledge networks and dynamic capabilities as the new regional policy milieu. A social network analysis of the Campania biotechnology community in southern Italy," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 26(7-8), pages 594-618, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial management; public sector; private sector; regional community; regional development; Siret-Prut-Nistru Euroregion; crisis;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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