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Innovation Activity of Small and Medium Size Enterprises in the European Union. Summary of Supported Concerns and Poor Results

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  • Ecaterina Stanculescu

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Abstract

In this article, the author proposes a critical analysis of the present state of development of research, development and innovation of small and medium enterprises (SMEs) in the European Union. The SMEs sector is of particular importance in the EU economy, as demonstrated by the overwhelming key indicators on its share in terms of total number of enterprises, the added value of non-financial sector and employment. Conclusions of the article reveals the constant concern of policy makers in the Union relative to the subject matter and visible failures SMEs innovation, and some suggestions on improving common (and where possible, national) policies in the field.

Suggested Citation

  • Ecaterina Stanculescu, 2015. "Innovation Activity of Small and Medium Size Enterprises in the European Union. Summary of Supported Concerns and Poor Results," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(2), pages 72-76, June.
  • Handle: RePEc:khe:journl:v:7:y:2015:i:2:p:72-76
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