IDEAS home Printed from https://ideas.repec.org/h/lum/prchap/04-18.html
   My bibliography  Save this book chapter

Factors Affecting the Performance of Small and Medium-Sized Enterprises in Romania

In: CATES 2017

Author

Listed:
  • Silviu Constantin NASTASIA

    (Valahia University of Târgovişte, Romania)

  • Diana Elena TOMA (NASTASIA)

    (Valahia University of Târgovişte, Romania)

  • Anca VRÃŽNCEANU

    (Valahia University of Târgovişte, Romania)

Abstract

Small and medium-sized enterprises, as a main element of any economic system, have a significant influence on durable development of a state. Moreover, it becomes clearer that SMEs have gained a significant role in terms of employment, development of innovation and wealth creation. However, in many cases, enterprises face problems and, as a result, some perform dismally and fail to grow while others end up to bankruptcy. Given the high failure rate, it is of big interest to research the factors that may enable the SMEs to survive and develop up to the point they perform. The growth of an economic entity is in dependence with multiple factors, of which identification and evaluation is determinant for any proper appreciations of enterprise’s future perspectives. The objective of this paper was to examine the factors affecting business success of small and medium-sized enterprises listed in Romania such as management experience, access to infrastructure, access to finance and access to relevant information in affiliated sector of activity. Thus, the paper aimed to highlight the factors that impact enterprise’s achievements and to stress out the importance of entrepreneur’s attitude towards the influence of such factors on performance of the enterprise.

Suggested Citation

  • Silviu Constantin NASTASIA & Diana Elena TOMA (NASTASIA) & Anca VRÃŽNCEANU, 2018. "Factors Affecting the Performance of Small and Medium-Sized Enterprises in Romania," Book chapters-LUMEN Proceedings, in: Tomita CIULEI & Gabriel GORGHIU (ed.), CATES 2017, edition 1, volume 4, chapter 18, pages 183-191, Editura Lumen.
    • Handle: RePEc:lum:prchap:04-18
    DOI: https://doi.org/10.18662/lumproc.18
    as

    Download full text from publisher

    File URL: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings/article/view/20/12
    Download Restriction: no
    File URL: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings/article/view/20
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.18662/lumproc.18?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. Iuliana-Ioana Purcarea & Ion Stancu, 2008. "The Influence of R&D Policy on Performance of the Companies Listed with Bucharest Stock Exchange (through Intangible Assets)," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 9(9(526)), pages 03-10, September.
    2. Carl M. Larson & Ronald C. Clute, 1979. "The Failure Syndrome," Entrepreneurship Theory and Practice, , vol. 4(2), pages 35-43, October.
    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. Stewart Thornhill & Raphael Amit, 2003. "Learning About Failure: Bankruptcy, Firm Age, and the Resource-Based View," Organization Science, INFORMS, vol. 14(5), pages 497-509, October.
    2. Botoc Claudiu, 2013. "Profitability - Capital Structure Trade Off: Case Of Publicly Romanian Companies," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 969-975, July.
    3. Samiee, Saeed & Walters, Peter G. P., 1999. "Determinants of structured export knowledge acquisition," International Business Review, Elsevier, vol. 8(4), pages 373-397, August.
    4. Burja Vasile & Burja Camelia, 2017. "Financial Performance And The Business Risk In Agricultural Sector Of Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 75-82, June.
    5. Adesuwa Omorede, 2021. "Managing crisis: a qualitative lens on the aftermath of entrepreneurial failure," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1441-1468, September.
    6. Mamman, Aminu & Bawole, Justice & Agbebi, Motolani & Alhassan, Abdul-Razak, 2019. "SME policy formulation and implementation in Africa: Unpacking assumptions as opportunity for research direction," Journal of Business Research, Elsevier, vol. 97(C), pages 304-315.
    7. du Jardin, Philippe & Séverin, Eric, 2010. "Dynamic analysis of the business failure process: A study of bankruptcy trajectories," MPRA Paper 44379, University Library of Munich, Germany.
    8. Valentina Diana Rusu & Angela Roman, 2017. "Economic Performance of the SME sector in CEE Countries: an Empirical Investigation," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(3), pages 102-114, JUNE.
    9. Camelia Burja Decemrie, 2011. "Factors Influencing The Companies' Profitability," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-3.
    10. Adesuwa Omorede, 0. "Managing crisis: a qualitative lens on the aftermath of entrepreneurial failure," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-28.
    11. Heikki Heino, 2006. "Use of borrowed start-up capital and micro enterprises in Mexico: existence of liquidity constraints," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 5(1), pages 1-30, May.
    12. Ronald S. Lemos, 1985. "Microcomputers and the SBI Program," Entrepreneurship Theory and Practice, , vol. 10(1), pages 33-40, July.
    13. Camelia Burja, 2011. "Patrimonial Resources Management And The Economic Performance Of Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(13), pages 1-1.
    14. Zhang, Hongxu & Amankwah-Amoah, Joseph & Beaverstock, Jonathan, 2019. "Toward a construct of dynamic capabilities malfunction: Insights from failed Chinese entrepreneurs," Journal of Business Research, Elsevier, vol. 98(C), pages 415-429.
    15. Jaroslaw Ropega, 2015. "Innovations in the small businesses failure paths model (Innowacje w modelu sciezek niepowodzen gospodarczych malych firm)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 13(50), pages 220-237.
    16. Jarosław Ropęga, 2016. "Entrepreneurial Behaviour in Periods of Deterioration of Small Firms' Condition," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(2), pages 139-156.

    More about this item

    Keywords

    SME; performance; development; factors;
    All these keywords.

    JEL classification:

    • A3 - General Economics and Teaching - - Multisubject Collective Works
    • I2 - Health, Education, and Welfare - - Education
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

    Statistics

    Access and download statistics

    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:lum:prchap:04-18. 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: Antonio Sandu (email available below). General contact details of provider: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings .

    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.