The Vulnerability of SMES in the Economic Crisis

Authors

  • Nicolae ŢÂU Vice Rector, dr. hab., PhD. Prof. ULIM
  • Raluca Ionela CREŢOIU Assist. PhD. Candidate at ULIM Faculty of Marketing and International Affairs Bucharest, Spiru Haret University

DOI:

https://doi.org/10.26458/1421

Keywords:

SME, funds, entrepreneurship, economic crisis

Abstract

The vulnerability of small and medium enterprises is closely related to their reduced volume of activity and insufficient financial resources available to them. Therefore, these types of organizations are more likely to be the subject of the changes that occur in the market. Although there are available a variety of funding sources, most SMEs in Romania are not able to access existing funds as they are not competitive on the single European market. During the economic crisis, the businesses environment but the economical one as well was not beneficial for the Romanian SMEs due to the financial, structural and fiscal instability, which led to negative results, especially on long term.  

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Published

2014-06-30

How to Cite

ŢÂU, N., & CREŢOIU, R. I. (2014). The Vulnerability of SMES in the Economic Crisis. Annals of Spiru Haret University. Economic Series, 14(2), 9–16. https://doi.org/10.26458/1421

Issue

Section

ACADEMIA PAPERS