THE STATE OF SME’s ECONOMIC AND SOCIAL RATIONALITY

Monica Biolan () and Ilie Gavrila ()
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Monica Biolan: The Bucharest Academy of Economic Studies, Faculty of Economics, Romania
Ilie Gavrila: The Bucharest Academy of Economic Studies, Faculty of Economics, Romania

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, 2010

Abstract: The paper analyse the economic rationality of SMEs (Small and medium size enterprises) trough some pertinent indicators that revels the importance of SME for the employment market and for the entire economy. Despite their adaptability these entities have faced always different problems and the most noticeable has been the need of capital infusion. The paper proposes a new type of capital infusion in Romania: the private equity investment. We explore the venture investment mechanism and its implications at economic level for the SME. To identify the economic impact of venture capital, European preliminary figures provided by EVCA (European Venture Capital Association) will be analysed to determine if private equity capital represents a solution for capital infusion in SMEs.

Keywords: economic rationality; social rationality; venture capital; SME (search for similar items in EconPapers)
JEL-codes: D29 (search for similar items in EconPapers)
Date: 2009
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http://tbs.ubbcluj.ro/RePEc/bbn/journl/2010_1_8_Biolan.pdf Revised version, 2009 (application/pdf)

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