IDEAS home Printed from https://ideas.repec.org/a/vrs/mfitdj/v1y2018i1p49-58n5.html
   My bibliography  Save this article

European Union Integration Impact on Romanian SMEs Performance

Author

Listed:
  • Achim Sorin Adrian
  • Pintea Mirela Oana
  • Scridon Mircea-Andrei

    (Babeş-Bolyai University, Faculty of Economics and Business Administration, Cluj-Napoca, Romania)

Abstract

Since SMEs are the most important entities of the national economy we can say that their performance is the locomotive of performance at the microeconomic level. The present material is not limited to measuring the performance of SMEs in Romania for a given period, but aims to analyze what impact did the European integration of Romania had on the performance of SME within the development regions. For this we took from the annual edition of White Paper of SMEs for the period 2004-2011 the values of eight indicators used to quantified performance (net result, turnover, return on equity, commercial rate, rotation rate of own capital, overall autonomy rate, labor productivity and overall solvency ratio), we explained the choice of these indicators, we applied the model of unobserved components and established a global performance index of SME development for each region separately. With this index we could determine whether Romania's EU accession had an influence on the performance of SME development in the regions and we could compare this influence with the influences of economic crisis manifested in the analyzed period on the same performance indicators.

Suggested Citation

  • Achim Sorin Adrian & Pintea Mirela Oana & Scridon Mircea-Andrei, 2018. "European Union Integration Impact on Romanian SMEs Performance," Marketing – from Information to Decision Journal, Sciendo, vol. 1(1), pages 49-58, January.
    • Handle: RePEc:vrs:mfitdj:v:1:y:2018:i:1:p:49-58:n:5
    DOI: 10.2478/midj-2018-0005
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/midj-2018-0005
    Download Restriction: no
    File URL: https://libkey.io/10.2478/midj-2018-0005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Wassim Aloulou & Alain Fayolle, 2005. "A Conceptual Approach Of Entrepreneurial Orientation Within Small Business Context," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 21-45.
    2. Nicholas O'Regan & Abby Ghobadian, 2004. "Re-visiting the strategy-performance question: an empirical analysis," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 5(2/3), pages 144-170.
    3. Gregory, M. J., 1993. "Integrated performance measurement: A review of current practice and emerging trends," International Journal of Production Economics, Elsevier, vol. 30(1), pages 281-296, July.
    4. A. Fayolle & W. Aloulou, 2005. "A Conceptual Approach of the Entrepreneurial Orientation Within the Small Business Context," Post-Print halshs-00094453, HAL.
    5. Alain Fayolle & Wassim Aloulou, 2005. "A conceptual approach of entrepreneurial orientation within small business context," Post-Print hal-02311766, HAL.
    6. Louis Raymond & Josee St-Pierre & Marie Marchand, 2009. "A taxonomic approach to studying the performance of manufacturing SMEs," International Journal of Business Performance Management, Inderscience Enterprises Ltd, vol. 11(4), pages 277-291.
    7. Goldberger, Arthur S, 1972. "Maximum-Likelihood Estimation of Regressions Containing Unobservable Independent Variables," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(1), pages 1-15, February.
    8. Shashua, L & Goldschmidt, Y, 1974. "An Index for Evaluating Financial Performance," Journal of Finance, American Finance Association, vol. 29(3), pages 797-814, June.
    9. Moujib Bahri & Josée St‐Pierre & Ouafa Sakka, 2011. "Economic value added: a useful tool for SME performance management," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 60(6), pages 603-621, July.
    10. Hudson Smith, Mel & Smith, Dave, 2007. "Implementing strategically aligned performance measurement in small firms," International Journal of Production Economics, Elsevier, vol. 106(2), pages 393-408, April.
    11. Wiesner, Retha & McDonald, Jim & Banham, Heather C, 2007. "Australian small and medium sized enterprises (SMEs): A study of high performance management practices," Journal of Management & Organization, Cambridge University Press, vol. 13(3), pages 227-248, September.
    12. Iuliana, CIOCHINA & Iuliana, CEBUC, 2013. "Marketing In The Performance Of Sme'S," Management Strategies Journal, Constantin Brancoveanu University, vol. 22(Special), pages 403-410.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chung, Henry F.L. & Kingshott, Russel P.J. & MacDonald, Robyn V.G. & Putranta, Martinus Parnawa, 2021. "Dynamism and B2B firm performance: The dark and bright contingent role of B2B relationships," Journal of Business Research, Elsevier, vol. 129(C), pages 250-259.
    2. Wickramaratne, Aruni & Kiminami, Akira & Yagi, Hironori, 2017. "External relationships and entrepreneurial orientation of tea manufacturing firms in Sri Lanka," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 20(3), January.
    3. Engelen, Andreas, 2010. "Entrepreneurial orientation as a function of national cultural variations in two countries," Journal of International Management, Elsevier, vol. 16(4), pages 354-368, December.
    4. Pureta, Igor & Pureta, Tanja, 2017. "Entrepreneurial orientation of employees," MPRA Paper 89208, University Library of Munich, Germany.
    5. Yan Ling & María Concepción López-Fernández & Ana María Serrano-Bedia & Franz W. Kellermanns, 2020. "Organizational culture and entrepreneurial orientation: examination through a new conceptualization lens," International Entrepreneurship and Management Journal, Springer, vol. 16(2), pages 709-737, June.
    6. Claudia Lood Alayón & Kristina Säfsten & Glenn Johansson, 2022. "Barriers and Enablers for the Adoption of Sustainable Manufacturing by Manufacturing SMEs," Sustainability, MDPI, vol. 14(4), pages 1-34, February.
    7. Pratikshya Bhandari & Fuangfa Amponstira, 2020. "Effect of Entrepreneurial Orientation on Profitability of Women Owned Enterprises in Pokhara City, Nepal," International Business Research, Canadian Center of Science and Education, vol. 13(10), pages 1-66, October.
    8. Galina Shirokova & Karina Bogatyreva & Tatiana Beliaeva, 2015. "Entrepreneurial Orientation of Russian Firms: The Role of External Environment," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 9(3), pages 6-25.
    9. R. Lamadrid & A. Heene & X. Gellynck, 2008. "Rewiring Business Firms through an Entrepreneurial-Oriented Strategy Making," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/499, Ghent University, Faculty of Economics and Business Administration.
    10. García-Villaverde, Pedro M. & Rodrigo-Alarcón, Job & Parra-Requena, Gloria & Ruiz-Ortega, María José, 2018. "Technological dynamism and entrepreneurial orientation: The heterogeneous effects of social capital," Journal of Business Research, Elsevier, vol. 83(C), pages 51-64.
    11. Christopher Arz, 2017. "Mechanisms of Organizational Culture for Fostering Corporate Entrepreneurship: A Systematic Review and Research Agenda," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 25(04), pages 361-409, December.
    12. Chiho Ok & He Soung Ahn, 2019. "How Does Entrepreneurial Orientation Influence the Sustainable Growth of SMEs? The Role of Relative Performance," Sustainability, MDPI, vol. 11(19), pages 1-16, September.
    13. Anmari Viljamaa & Elina Varamäki & Sanna Joensuu-Salo, 2017. "Best of Both Worlds? Persistent Hybrid Entrepreneurship," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 25(04), pages 339-359, December.
    14. Constantin Bratianu & Rares Mocanu & Dan Florin Stanescu & Ruxandra Bejinaru, 2023. "The Impact of Knowledge Hiding on Entrepreneurial Orientation: The Mediating Role of Factual Autonomy," Sustainability, MDPI, vol. 15(17), pages 1-21, August.
    15. Palmer, Carolin & Niemand, Thomas & Stöckmann, Christoph & Kraus, Sascha & Kailer, Norbert, 2019. "The interplay of entrepreneurial orientation and psychological traits in explaining firm performance," Journal of Business Research, Elsevier, vol. 94(C), pages 183-194.
    16. Karani Beth Mbore, 2021. "Effect of entrepreneurship education on innovation capability of technical and vocational and education training (TVET) graduates in Kenya," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(3), pages 490-500, April.
    17. Schmidberger, Stephan & Bals, Lydia & Hartmann, Evi & Jahns, Christopher, 2009. "Ground handling services at European hub airports: Development of a performance measurement system for benchmarking," International Journal of Production Economics, Elsevier, vol. 117(1), pages 104-116, January.
    18. Weijia You & Hui Shu & Suyuan Luo, 2018. "Competition, cooperation, and performance: an empirical investigation of Chinese online sellers," Information Systems and e-Business Management, Springer, vol. 16(4), pages 743-760, November.
    19. Abdul RAZIQ, 2014. "Strategic Planning And High Performance Human Resource Management Practices In Pakistani Smes," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 123-134, November.
    20. Francis,David C. & Kubinec ,Robert, 2022. "Beyond Political Connections : A Measurement Model Approach to Estimating Firm-levelPolitical Influence in 41 Economies," Policy Research Working Paper Series 10119, The World Bank.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:mfitdj:v:1:y:2018:i:1:p:49-58:n:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.