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Corporations, Entrepreneurs And Urban Development

Author

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  • Dan Cristian POPESCU

    () (Faculty of Agrifood and Environment Economics, Bucharest University of Economic Studies)

Abstract

The state, local administration, corporations (private/ joint ventures/ multinational corporations), banks and syndicates represent the most important actors in urban management. Following the financial crisis, governments seek to attract and maintain high-growth firms that will fuel job growth after the recession. Still a lot of governments have failed in their roles to assure a sustainable level of foreign direct investments, to boost venture capital and entrepreneurship. The main reasons for this failure are the poor expertise and lack of understanding for the financing process, the incapacity or unwillingness to assure a competitive economic environment for entrepreneurs and the lack of interest to create attractive conditions for foreign investors. An important key to success is also the legal framework and the institutional process, which creates the reputation of a market in terms of transparency of information and flexibility for business development. In this paper I investigated the importance of corporations, entrepreneurs and legal framework in order to create urban growth. I also analyzed the case of Dacia Pitesti plant and the positive effects that the automotive activity has for the Romanian economy, local employment, staff skills and technical competences development, local suppliers and entrepreneur’s growth.

Suggested Citation

  • Dan Cristian POPESCU, 2012. "Corporations, Entrepreneurs And Urban Development," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2012(8), pages 386-396, June.
  • Handle: RePEc:rom:rampas:v:8:y:2012:i:1:p:386-396
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    File URL: http://www.confcamp.ase.ro/2012/pdf/Section3/34.pdf
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    References listed on IDEAS

    as
    1. Palich, Leslie E. & Ray Bagby, D., 1995. "Using cognitive theory to explain entrepreneurial risk-taking: Challenging conventional wisdom," Journal of Business Venturing, Elsevier, vol. 10(6), pages 425-438, November.
    2. John Armour & Douglas Cumming, 2006. "The legislative road to Silicon Valley," Oxford Economic Papers, Oxford University Press, vol. 58(4), pages 596-635, October.
    3. Chen, Chao C. & Greene, Patricia Gene & Crick, Ann, 1998. "Does entrepreneurial self-efficacy distinguish entrepreneurs from managers?," Journal of Business Venturing, Elsevier, vol. 13(4), pages 295-316, July.
    4. Henry Chen & Paul Gompers & Anna Kovner & Josh Lerner, 2009. "Buy Local? The Geography of Successful and Unsuccessful Venture Capital Expansion," NBER Working Papers 15102, National Bureau of Economic Research, Inc.
    5. Couyoumdjian, Juan Pablo, 2012. "Who walks out? Entrepreneurship in a global economy," International Review of Law and Economics, Elsevier, vol. 32(1), pages 158-165.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    entrepreneurship; venture capital; foreign investors; monopoly; clusters;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • N90 - Economic History - - Regional and Urban History - - - General, International, or Comparative
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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