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Some Considerations on the Measures to Counter the Risk of Bankruptcy for Small and Medium Enterprises during the Financial Crisis

Author

Listed:
  • Professor Doctor Negoescu Gheorghe
  • Lecturer drd. Radu Riana Iren
  • Lecturer Doctor Ioana Lupasc

    (”Ovidius” University Constanta, Faculty of Economics
    “Dunarea de Jos” University Galati, Faculty of Economics
    “Dunarea de Jos” University Galati, Faculty of Economics)

Abstract

The financial crisis in Romania has expressed in an eloquent manner and meant large negative effects, such as external factors generated by the trigger of the financial crisis in Romania in October 2008 and internal factors for society that fundamentally influenced the decreasing of funding in 2009. In 2010, 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

  • Professor Doctor Negoescu Gheorghe & Lecturer drd. Radu Riana Iren & Lecturer Doctor Ioana Lupasc, 2010. "Some Considerations on the Measures to Counter the Risk of Bankruptcy for Small and Medium Enterprises during the Financial Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1731-1736, May.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:1731-1736
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumatemai2010.pdf
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    Cited by:

    1. Andrei-Mirel Florea & Riana-Iren Radu & Iuliana Oana Mihai, 2015. "The Implications Of Information Systems Audit For Financial Statement," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 320-325.

    More about this item

    Keywords

    risk; financial crisis; enterprises;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G01 - Financial Economics - - General - - - Financial Crises

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