Sustainable Development of the Economy—A Case Study of the Impacts of the Size of Enterprises and Factors Affecting Performance

Carmen Elena Stoenoiu and Lorentz Jäntschi ()
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Carmen Elena Stoenoiu: Department of Electric Machines and Drives, Technical University of Cluj-Napoca, 400641 Cluj-Napoca, Romania
Lorentz Jäntschi: Department of Physics and Chemistry, Technical University of Cluj-Napoca, 400641 Cluj-Napoca, Romania

Sustainability, 2024, vol. 16, issue 13, 1-38

Abstract: Approaches to the sustainable development of enterprises are a continuous concern of EU countries, contributing to the achievement of national well-being. Companies today face the combined effects of a multitude of factors that affect their results. This study was carried out to analyse the factors that influence the enterprises in the non-financial sector (industry, trade, and services). The analysis used the related data from eight Eastern European countries in the period of 2018–2020, and includes companies by country, size, number of employees, number of companies by number of employees, turnover, added value and average productivity per employee in generating turnover and added value, respectively. To carry out the study, four research questions and four possible hypotheses were used. For data analysis, generalized linear models were used, and four models were obtained and statistically validated. The obtained results led to the identification of the factors associated with the dependent variables that were the basis for the creation of the models.

Keywords: financial performance; economic potential; economic development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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