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Romanian SME’s sector trough crisis: the effectiveness of government policies and the present situation

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Author Info

  • Visinescu, Sorin
  • Micuda, Dan

Abstract

SMEs play a crucial role in modern societies; being regarded as the foundation of a global competitive economy. Entire economic concepts evolved based on the SMEs sector evolution like entrepreneurship, innovation, competitiveness, etc. The current paper is aimed at presenting the current state and role of the SME sector in Romanian economy, in light of the challenges imposed by the global financial and economic crisis and the reaction measures taken (or not taken) by the Romanian authorities.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 30618.

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Date of creation: May 2011
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Handle: RePEc:pra:mprapa:30618

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Keywords: financial crisis; government policies; SME’s;

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References

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  1. Caloghirou, Yiannis & Protogerou, Aimilia & Spanos, Yiannis & Papagiannakis, Lefteris, 2004. "Industry-Versus Firm-specific Effects on Performance:: Contrasting SMEs and Large-sized Firms," European Management Journal, Elsevier, vol. 22(2), pages 231-243, April.
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Cited by:
  1. 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.
  2. Zsuzsanna K.SZABO, 2011. "The impact of the crisis on the SME sector in Romania-The back-up of innovation and entrepreneurship development," Romanian Journal of Economics, Institute of National Economy, vol. 33(2(42)), pages 90-108, December.

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