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Business Registration And Closing Down In Romania: A Comparative Analysis

Author

Listed:
  • DUMITRASCIUC Lorena Florentina

    (Alexandru Ioan Cuza University of Iași, Romania)

  • TURNEA Elena-Sabina

    (Alexandru Ioan Cuza University of Iași, Romania)

Abstract

It is not as easy to succeed in business as it is to fail. The market still needs research for business owners on how to manage business properly. The authors carried out a research that studied the situation of registered and deregistered companies in Romania between January 2019 and 2020 in order to analyse what led to the success or failure of businesses in Romania. For this purpose, descriptive and correlation analyses was applied to collected data. Our results show for the two analysed periods that there is a positive and very strong correlation between total company registrations and deregistrations. Also, there has been found a positive and moderate correlation between the total number of registrations for the self-employed status and the region. This pilot study provides an alternative perspective to business owners helping them avoid the worst situation of closing down their business.

Suggested Citation

  • DUMITRASCIUC Lorena Florentina & TURNEA Elena-Sabina, 2020. "Business Registration And Closing Down In Romania: A Comparative Analysis," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 72(3), pages 44-55, November.
    • Handle: RePEc:blg:reveco:v:72:y:2020:i:3:p:44-55
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    References listed on IDEAS

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    3. C. Mirjam van Praag, 2003. "Business Survival and Success of Young Small Business Owners," Small Business Economics, Springer, vol. 21(1), pages 1-17, August.
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    Keywords

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    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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