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Statement Of Cash Flows For Small And Medium-Sized Enterprises In Romania

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  • Cristina-Valeria Laslo

    (1 Decembrie 1918 Universitatea of Alba Iulia, Romania)

Abstract

In recent years, the number of small and medium-sized enterprises has increased considerably, according to statistics presented by the NIS. This was also stimulated by the emergence of national programs, such as the case of Startup Nation. But, many of them failed to remain in the market and remain competitive, going into insolvency. This aspect determined us to carry out a quantitative study based on a questionnaire addressed online to the owners of a number of 360 economic entities, in order to identify the cause of the insolvency determination. 85% of the responses received from respondents resulted in poor cash flow management and non-compliance with the business plan. The lack of historical background has led to a future forecast of cash flows from operating activities, investments or bad financing. Inadequate cash flows to repay loans, pay dividends, maintain the entity's operating capacity or make new investments were other issues reported. The research methodology is a descriptive one that aimed to achieve the objectives transposed in the questionnaire by formulating the questions. The two hypotheses considered were validated.

Suggested Citation

  • Cristina-Valeria Laslo, 2020. "Statement Of Cash Flows For Small And Medium-Sized Enterprises In Romania," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 20(1(31)), pages 181-186, June.
    • Handle: RePEc:scm:usvaep:v:20:y:2020:i:1(31):p:181-186
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