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Romanian SMEs During the Crisis: Economic Results and Perceptions

Author

Listed:
  • Luminitaa Nicolescu

    (Academy of Economic Studies, Bucharest, Romania)

  • Irina Alina Popescu

    (Academy of Economic Studies, Bucharest, Romania)

  • Ciprian Nicolescu

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

The paper looks at how SMEs from Romania evolved in the period 2004–2011. The main objective of the paper is to compare SMEs’ situation before the start of the economic crisis and during the period of the crisis. The examination is done from a dynamic perspective and the analysis comprises two aspects: (a) the evolution of a number of economic indicators related to Romanian SMEs’ in the studied period and (b) the opinions and the perceptions of SMEs about the impact of the economic crisis on their activity. The paper advances proposals of possible strategies to help SMEs better cope with the on-going economic crisis.

Suggested Citation

  • Luminitaa Nicolescu & Irina Alina Popescu & Ciprian Nicolescu, 2013. "Romanian SMEs During the Crisis: Economic Results and Perceptions," Management, University of Primorska, Faculty of Management Koper, vol. 8(1), pages 5-19.
    • Handle: RePEc:mgt:youmng:v:8:y:2013:i:1:p:5-19
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    References listed on IDEAS

    as
    1. Gábor HUNYA, 2011. "Problems of Romanian SMEs with tapping EU structural funds," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2, pages 129-146, June.
    2. International Finance Corporation & World Bank, 2012. "Doing Business 2012 : Doing Business in a More Transparent World," World Bank Publications - Books, The World Bank Group, number 5907, December.
    3. Visinescu, Sorin & Micuda, Dan, 2011. "Romanian SME’s sector trough crisis: the effectiveness of government policies and the present situation," MPRA Paper 30618, University Library of Munich, Germany.
    4. Jason Henderson, 2002. "Building the rural economy with high-growth entrepreneurs," Economic Review, Federal Reserve Bank of Kansas City, vol. 87(Q III), pages 45-70.
    Full references (including those not matched with items on IDEAS)

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