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The Impact of Economic Crisis on the Business Environment in Romania

Author

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  • Rusei Alexandru

    (Academy of Economic Studies)

Abstract

The business environment in Romania in the period 2009-2012 was strongly influenced by global crisis: economic performance declined, entrepreneurship has suffered and many companies were closed. Resisted those who have managed to adapt and to conduct business in areas that have survived best. Regional differences, size of company, financial results were the main characteristics were determined the company's ability not to leave the market. For this work i used descriptive statistics to highlight companies that have survived the global crisis. After that, using the cluster tehnique, i showed characteristics of these companies. This paper aims to indetify through empirical studies the relationship between economic performances and economic characteristics in Romania.

Suggested Citation

  • Rusei Alexandru, 2012. "The Impact of Economic Crisis on the Business Environment in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 305-309, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:305-309
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    More about this item

    Keywords

    firm size; competitiveness; economic performance; business environment; survivor;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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