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The Profile Of The Romanian Entrepreneur Facing The Challenge Of Start-Ups Financing

Author

Listed:
  • CIOCANEA Bianca Cristina

    (NAFA, 7h Regional Directorate for Fiscal Fraud Prevention, Sibiu, Romania)

  • PITU Ioan Cosmin

    (NAFA, 7h Regional Directorate for Fiscal Fraud Prevention, Sibiu, Romania)

  • IFRIM Alexandru Mirel

    (Inspectorate for Emergency Situations)

Abstract

A distinct feature of developed economies is represented by the important role that entrepreneurship has, considered to be a central pillar of economic growth. The motivated entrepreneurs, prepared for change and risks, are setting up new job-creating firms. Technological progress is generating new businesses and also helps the development of existing ones, being an active instrument in adapting to changes of the market, acquiring new knowledge and generating productivity. Bearing in mind the restrictions that small businesses face when it comes to resources and their vulnerability to environmental change, a deep understanding of the factors and mechanisms that explain the development of small businesses is a key issue for business owners and the economy. That is why there has been an increasing interest in identifying the main sources of start-up financing in Romania.

Suggested Citation

  • CIOCANEA Bianca Cristina & PITU Ioan Cosmin & IFRIM Alexandru Mirel, 2018. "The Profile Of The Romanian Entrepreneur Facing The Challenge Of Start-Ups Financing," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 70(2), pages 16-22, August.
    • Handle: RePEc:blg:reveco:v:70:y:2018:i:2:p:16-22
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/70202ciocanea&pitu&ifrim.pdf
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    More about this item

    Keywords

    Entrepreneurship; business financing; start-up;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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