Economic Dimension of the Romanian Companies in Financial Crisis

Codreanu Carmen Mariana () and Costuleanu Carmen Luiza ()
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Codreanu Carmen Mariana: “Petre Andrei“University of Iasi, Faculty of Economics,
Costuleanu Carmen Luiza: “Petre Andrei“University of Iasi, Faculty of Economics,

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 121-124

Abstract: Once Romania joins the European Union, the corporate environment has undergone significant structural changes and remodelling, the impact of accession reflecting on all companies in Romania, regardless of the economic sectors operating, capital structure or size. In terms of integration, domestic market size is no longer a stimulator advantage, which transfers the competition for foreign direct investments in terms of cost and labour skills, level of corruption and taxation. In recent years there have been many changes in the strategic behaviour of firms, from dependency and economic adaptation to the system states to give priority to competitive advantage, focusing on increasing quality, technology and production efficiency. Any company has one goal, to maximize profit. The process of maximizing profit is simple. Analyze demand of consumers, and provide appropriate supply, in good quality and quantity. There are however many factors that affect this simple operation. These factors are often classified as macro and micro, internal and external, technical and non-technical. All the same, the sales, production and procurement of the business organizations, directly or indirectly depends on these factors.

Keywords: integration; economic adaptation; profit; business. (search for similar items in EconPapers)
JEL-codes: M2 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:121-124

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