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Considerations On The Measures To Counter The Risk Of Bankruptcy For Smes During The Financial Crisis

Author

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  • NEGOESCU GHEORGHE
  • LUKACS EDIT

Abstract

The financial crisis in Romania has expressed in an eloquent manner and meant large negative effects, such as external factors generated by trigger of the financial crisis in Romania in October 2008 and internal factors for society that fundamentally influenced the decreasing of funding in 2009. Promotion of private initiative is, in our opinion, one of the methods that attenuate the financial effort of state for social segment which generates costs and, is producing revenue for the state. In this paper we promote the idea of opening a fundamental process of restructuring the SME’s management mentality, that of safeguarding of the enterprises with existing instruments, but also with new proposals to the Government, for regeneration as soon as possible of the country's economic and human factors capable of working.

Suggested Citation

  • Negoescu Gheorghe & Lukacs Edit, 2010. "Considerations On The Measures To Counter The Risk Of Bankruptcy For Smes During The Financial Crisis," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 378-381, July.
    • Handle: RePEc:ora:journl:v:1:y:2010:i:1:p:378-381
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n1/059.pdf
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    Cited by:

    1. repec:agr:journl:v:3(604):y:2015:i:3(604):p:39-52 is not listed on IDEAS
    2. Dan Costin NIȚESCU, 2015. "A new beginning for SMEs development?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(604), A), pages 39-52, Autumn.

    More about this item

    Keywords

    bankruptcy; SME; Reorganization; companies; crisis; fusion.;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G01 - Financial Economics - - General - - - Financial Crises

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