Small and Medium-sized Enterprises in Romania in the Dynamic Context of Recent Years

Alexandru Paru (), Iyad Isbaita () and Paul Marinescu ()
Additional contact information
Alexandru Paru: Academy of Economic Sciences
Iyad Isbaita: Academy of Economic Sciences
Paul Marinescu: University of Bucharest

Manager Journal, 2022, vol. 36, issue 2, 33-44

Abstract: This paper examines Small and Medium-sized Enterprises (SMEs) in the dynamic context marked by the Fourth Industrial Revolution, the conflict in Ukraine, and, particularly, the COVID-19 pandemic. The study highlights the measures taken in various countries to support their economies, with a specific focus on SMEs. Moreover, the paper emphasizes the significance of female entrepreneurship in the Romanian economy, both in general and in the current context. Research indicates that female entrepreneurship can bring greater value to the labor market and contribute to diversity and innovation. The research methodology adopts a descriptive approach based on specialized literature and statistical data, utilizing bibliographic research and the analysis of secondary data. The study analyzes data related to the number of active SMEs in Romania and the impact of the pandemic on the establishment of new businesses. It underscores the need for effective management to handle risks in a dynamic and complex entrepreneurial environment. This paper emphasizes the importance of SMEs for the economy and the necessity of efficient management to mitigate risks in the context of the COVID-19 pandemic and the Fourth Industrial Revolution. The development of female entrepreneurship adds supplementary value and can contribute to economic recovery. Thus, this paper serves as a valuable source of information for those interested in the situation of SMEs and their management

Keywords: Small and Medium-sized Enterprises (SMEs); challenges in the current context; resilience; Romania; development prospects (search for similar items in EconPapers)
JEL-codes: D81 L21 L26 M21 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://manager.faa.ro/wp-content/uploads/2023/08/36m_33_44.pdf (application/pdf)
https://manager.faa.ro/?p=8707 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:but:manage:v:36:y:2022:i:2:p:33-44

Access Statistics for this article

Manager Journal is currently edited by Paul Marinescu

More articles in Manager Journal from Faculty of Business and Administration, University of Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Cosmin Catalin Olteanu ().