THE PROFILE OF THE ROMANIAN ENTREPRENEUR FACING THE CHALLENGE OF START-UPS FINANCING

Bianca Cristina Ciocanea, Ioan Cosmin Pitu and Alexandru Mirel Ifrim
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Bianca Cristina Ciocanea: NAFA, 7h Regional Directorate for Fiscal Fraud Prevention, Sibiu, Romania
Ioan Cosmin Pitu: NAFA, 7h Regional Directorate for Fiscal Fraud Prevention, Sibiu, Romania
Alexandru Mirel Ifrim: Inspectorate for Emergency Situations

Revista Economica, 2018, vol. 70, issue 2, 16-22

Abstract: A distinct feature of developed economies is represented by the important role that entrepreneurship has, considered to be a central pillar of economic growth. The motivated entrepreneurs, prepared for change and risks, are setting up new job-creating firms. Technological progress is generating new businesses and also helps the development of existing ones, being an active instrument in adapting to changes of the market, acquiring new knowledge and generating productivity. Bearing in mind the restrictions that small businesses face when it comes to resources and their vulnerability to environmental change, a deep understanding of the factors and mechanisms that explain the development of small businesses is a key issue for business owners and the economy. That is why there has been an increasing interest in identifying the main sources of start-up financing in Romania.

Keywords: Entrepreneurship; business financing; start-up (search for similar items in EconPapers)
JEL-codes: L26 M13 (search for similar items in EconPapers)
Date: 2018
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