BUSINESS REGISTRATION AND CLOSING DOWN IN ROMANIA: A COMPARATIVE ANALYSIS

Lorena Florentina Dumitrasciuc and Elena-Sabina Turnea
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Lorena Florentina Dumitrasciuc: Alexandru Ioan Cuza University of Iași, Romania
Elena-Sabina Turnea: Alexandru Ioan Cuza University of Iași, Romania

Revista Economica, 2020, vol. 72, issue 3, 44-55

Abstract: It is not as easy to succeed in business as it is to fail. The market still needs research for business owners on how to manage business properly. The authors carried out a research that studied the situation of registered and deregistered companies in Romania between January 2019 and 2020 in order to analyse what led to the success or failure of businesses in Romania. For this purpose, descriptive and correlation analyses was applied to collected data. Our results show for the two analysed periods that there is a positive and very strong correlation between total company registrations and deregistrations. Also, there has been found a positive and moderate correlation between the total number of registrations for the self-employed status and the region. This pilot study provides an alternative perspective to business owners helping them avoid the worst situation of closing down their business.

Keywords: Business; Companies; Registrations; Closing Down Business (search for similar items in EconPapers)
JEL-codes: L26 M13 M21 (search for similar items in EconPapers)
Date: 2020
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