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The Vulnerability Of Smes In The Economic Crisis


  • Nicolae , ŢÂU


  • Raluca Ionela , CREŢOIU

    (Faculty of Marketing and International Affairs Bucharest)


The vulnerability of small and medium enterprises is closely related to their reduced volume of activity and insufficient financial resources available to them. Therefore, these types of organizations are more likely to be the subject of the changes that occur in the market. Although there are available a variety of funding sources, most SMEs in Romania are not able to access existing funds as they are not competitive on the single European market. During the economic crisis, the businesses environment but the economical one as well was not beneficial for the Romanian SMEs due to the financial, structural and fiscal instability, which led to negative results, especially on long term.

Suggested Citation

  • Nicolae , ŢÂU & Raluca Ionela , CREŢOIU, 2014. "The Vulnerability Of Smes In The Economic Crisis," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 5(2), pages 9-16.
  • Handle: RePEc:ris:sphecs:0207

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    References listed on IDEAS

    1. Delia Popescu & Constanta Popescu & Ana Lucia Ristea & Daniel Dumitru Stan, 2012. "Strategic Dimensions of the SME System in Romania in the Context of the European Strategic Framework," Chapters, in: Hector Cuadra-Montiel (ed.), Globalization - Education and Management Agendas, IntechOpen.
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      More about this item


      SME; funds; entrepreneurship; economic crisis;
      All these keywords.

      JEL classification:

      • G01 - Financial Economics - - General - - - Financial Crises


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