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MEASURES TO SUPPORT SMEs IN THE EUROPEAN UNION

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  • VALENTINA DIANA IGNATESCU

    () („Alexandru Ioan Cuza” University, Iasi, Romania)

Abstract

This paper aims to identify and analyze the principal measures by which European Union supports the establishment and development of small and medium enterprises. SMEs taken individually have a very small power but if we analyze all SMEs in a country we find that they have a very important role in the economy because they provide jobs and their performance may influence the degree of development of an economy. Thus, the European Union focuses its efforts to support SMEs in various fields; these efforts are geared towards both easier accesses to financing and in the direction of regulations, competition, stimulating entrepreneurship. Through this paper we analyze all these measures taken by the European Union and their implementation results. And finally, we will conclude if these measures are effective or not.

Suggested Citation

  • Valentina Diana Ignatescu, 2010. "MEASURES TO SUPPORT SMEs IN THE EUROPEAN UNION," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
  • Handle: RePEc:bbn:journl:2010_1_12_ignatescu
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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/2010_1_12_Ignatescu.pdf
    File Function: Revised version, 2009
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    References listed on IDEAS

    as
    1. Jasmina GRZINIC, 2008. "Trends in Croatian hotel industry," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(36), pages 905-912, may.
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    3. Jasmina GRZINIC, 2008. "Trends in croatian hotel industry," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 6(1), pages 122-128, November.
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    5. Mohammad SHAMSUDDOHA & Tayub CHOWDHURY, 2009. "Opportunities Of Developing Tourism Industry In Bangladesh," Revista de turism - studii si cercetari in turism / Journal of tourism - studies and research in tourism, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 8(8), pages 22-26, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    structural funds; the internationalization of SMEs; entrepreneurship;

    JEL classification:

    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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