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Romanian Country Risk in the Context of the Adherence to the European Union

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Author Info

  • Monica Violeta Achim
  • Sorin Adrian Achim
  • Sorin Nicolae Borlea

Abstract

The main aim of this paper is to analyse all possible characteristics related to the country risk factor for the state of Romania. The country risk factor is a measure of a risk related to economic, political, physical and other unforeseen events able to affect the stability of the financial sector in a certain country with immediate results in the profitability index of the multinational companies operated in the country especially banks. Nowadays, in the context of a very high rhythm of economic globalization and of international investor’s expansion in multinational companies, the country risk factor is very important. The paper tries to assess the Romanian country risk factor especially after the year 2007, when Romania has became a member of the European Union. Some comparisons between its country risk factor and that of the other new member states will be also made in an attempt to find out the relative position of Romania with respect to the other nations joined the European Union recently. A valid analysis of the business environment will be also presented as it is consider as a key element for the enterprises in order to be aware of the direction they are heading and contributes to improve the favorable factors they should develop to come out with the competitive advantage. The SWOT analysis will be used to emphasize the strengths, the weaknesses, the opportunities and the drawbacks of the Romanian business environment and their mode to influence the country risk factor of the state of Romania.

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File URL: http://www.ersj.eu/repec/ers/papers/09_1_p3.pdf
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Bibliographic Info

Article provided by European Research Studies Journal in its journal European Research Studies Journal.

Volume (Year): XII (2009)
Issue (Month): 1 ()
Pages: 37-62

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Handle: RePEc:ers:journl:v:xii:y:2009:i:1:p:37-62

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Web page: http://www.ersj.eu/

Related research

Keywords: Global performance; competitivity; business environment; competitional advantage; European Union; rank; SWOT Analysis; macroeconomic indicators; country risk.;

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