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The Evolution of Romanian SMEs Performance – Multi-year Analysis between 2011 and 2015

Author

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  • Stefan-Florin CORCODEL

    () (The Bucharest University of Economic Studies, Romania)

Abstract

Evaluating an indicator has always been the first step needed in order to assure the improvement of that certain indicator. Having this principle in mind, the current paper aims to analyse the evolution of performance within Romanian small and medium-sized enterprises, between 2011 and 2015. In order to assure a relevant and correct evaluation, the analysis was carried taking into account multiple key performance indicators: number of employees, volume of receivables, volume of provider liabilities, volume of sales and amount of profit. The most significant result of the analysis refers to a general improvement of the performance of Romanian SMEs in the five years of analysis, with a peak of performance in 2015. The synergy of positive results registered in the multiple areas that were analysed resulted in a positive evolution of the most important KPI of an economic organization: its profit.

Suggested Citation

  • Stefan-Florin CORCODEL, 2016. "The Evolution of Romanian SMEs Performance – Multi-year Analysis between 2011 and 2015," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 180-189, May.
  • Handle: RePEc:rom:rmcimn:v:17:y:2016:i:2:p:180-189
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    More about this item

    Keywords

    Economic Performance; Entrepreneurship; Key Performance Indicators; SMEs.;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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