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Romanian SME’s sector trough crisis: the effectiveness of government policies and the present situation


  • Visinescu, Sorin
  • Micuda, Dan


SMEs play a crucial role in modern societies; being regarded as the foundation of a global competitive economy. Entire economic concepts evolved based on the SMEs sector evolution like entrepreneurship, innovation, competitiveness, etc. The current paper is aimed at presenting the current state and role of the SME sector in Romanian economy, in light of the challenges imposed by the global financial and economic crisis and the reaction measures taken (or not taken) by the Romanian authorities.

Suggested Citation

  • Visinescu, Sorin & Micuda, Dan, 2011. "Romanian SME’s sector trough crisis: the effectiveness of government policies and the present situation," MPRA Paper 30618, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:30618

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    References listed on IDEAS

    1. Caloghirou, Yiannis & Protogerou, Aimilia & Spanos, Yiannis & Papagiannakis, Lefteris, 2004. "Industry-Versus Firm-specific Effects on Performance:: Contrasting SMEs and Large-sized Firms," European Management Journal, Elsevier, vol. 22(2), pages 231-243, April.
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    Cited by:

    1. Zsuzsanna K.SZABO, 2011. "The impact of the crisis on the SME sector in Romania-The back-up of innovation and entrepreneurship development," Romanian Journal of Economics, Institute of National Economy, vol. 33(2(42)), pages 90-108, December.
    2. Luminitaa Nicolescu & Irina Alina Popescu & Ciprian Nicolescu, 2013. "Romanian SMEs During the Crisis: Economic Results and Perceptions," Management, University of Primorska, Faculty of Management Koper, vol. 8(1), pages 5-19.
    3. repec:agr:journl:v:3(604):y:2015:i:3(604):p:39-52 is not listed on IDEAS
    4. Dan Costin NIȚESCU, 2015. "A new beginning for SMEs development?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(604), A), pages 39-52, Autumn.

    More about this item


    financial crisis; government policies; SME’s;

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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