The Vulnerability of SMES in the Economic Crisis

Nicolae ŢÂU, Raluca Ionela CREŢOIU

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.

 


Keywords


SME, funds, entrepreneurship, economic crisis

References


Agenţia pentru Dezvoltare Regională Centru Alba Iulia (2012), Strategia de dezvoltare regională 2014-2020, Axa prioritară 2. Creşterea competitivităţii economice, stimularea inovării, http://hargitamegye.ro/_user/biztosjovo/images/ROP/Axa2_ Cres_comp_econ_inov.pdf

Barta Péter, Modreanu Ileana, Spirea Nina, & Piti Marius (2013), Raportul Fundaţiei Post-Privatizare privind sectorul IMM din România, http://www.postprivatizare.ro/ romana/wp-content/uploads/2013/06/Raport-IMM-2013.pdf, 146 p.

Clusel Sophie, Guranieri Franck, Martin Christophe, & Lagarde Didier (2013), Assessing the vulnerability of SMEs: a qualitative analysis, 22nd European Safety and Reliability Conference - ESREL sept 2013, Amsterdam, Netherlands. CRC Press

Hodorogel Roxana Gabriela (2011), Criza economică globală. Provocări pentru IMM-urile din România, Economie teoretică şi aplicată, vol. XVIII, no. 4(557), p. 113-124

Ionescu Eduard, & Oprea Cristian (2012), The infrastructure of the Romanian Financial System in the current crisis, Annals of Spiru Haret University, Economic Series, vol. 3 (12), issue 1, p. 51-58.

Nicolescu Ovidiu (2013), scientifical coordinator, Carta Albă a IMM-urilor din România, ediţia a XI-a, Bucharest.

OECD, Centre for Entrepreneurship, SMEs and Local Development, (2009) The Impact of the Global Crisis on SME and Entrepreneurship Financing and Policy Responses, http://www.oecd.org/cfe/smes/43183090.pdf, 70 p.

Pistol Gheorghe, Gârdan Daniel Adrian, & Geangu Iuliana Petronela (2009), The importance of managerial communication in establishing the company marketing communication, The International Conference on Administration and Business ICEA – FAA, 14 – 15 noiembrie, Bucharest: Cartea Studenţească, p. 316-322.

Popa Lucia-Ramona, (2013), Efectele crizei asupra întreprinderilor mici şi mijlocii şi necesitatea dezvoltării acestora în România, Strategii manageriale, no 2(20): p. 31-37.

Popescu Delia Mioara, Popescu Constanţa, Ristea Ana Lucia, & Stan Daniel Dumitru (2012), Strategic Dimensions of the SME System in Romania in the Context of the European Strategic Framework, in Globalization - Education and Management Agendas, Edited by Hector Cuadra-Montiel, INTECH Open Access Publisher.

http://www.rbls.ro/UploadedFiles/Files/File_Taskforce1_41.pdf.

http://www.aippimm.ro/otimmc/craiova/articol/firmele-mici-351-i-mijlocii-creeaz-259-85-din-noile-locuri-de-munc-259-/

http://undp.ro/libraries/projects/CSR/deliverables/Prezentare%20ghid_Consilier%20 Tehnic_RO.pdf




DOI: https://doi.org/10.26458/1421

Copyright (c) 2014 author

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.


As to respect GDPR, this site do not allow free registation. Please contact us at: ashues@spiruharet.ro

GDPR Policy:

Please read the statement below:
Processing of personal data and free movement of these data

Registering with this site the author agree with the collection, processing and use of his personal data, exclusively within the ASHUES journal.


 

AWARDS 

WILL BE CONFERRED AT THE END OF THE YEAR

To crown and encourage research efforts of the authors, at the end of a year of publishing our journal board will award online the best papers by distinctions:

1. Best Original Paper Award -  for the paper that has brought something completely new in the reader's attention (a new concept, a new trend, a new proposal in research, etc.)

2. Excellence Award - for the most cited paper and visualized in the online environment during the year

3. First, Second and Third Award- for the best documented and substantiated papers during the year

4. Special Award - to award PhD students and postdocs for the most well documented and substantiated paper


Administred:Rocsana B. Manea Tonis

http://icourses.wix.com/itmk