Ways to Improve the Access to Finance of Romanian SME

Valentin Mihai Leoveanu ()
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Valentin Mihai Leoveanu: University of Bucharest

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 2, 532-537

Abstract: The present study intends to highlight the principal aspects concerning SME’s financing in Romania by analyzing the European Union context of SME’s financing, the research done by World Bank, OECD and NBR specialists regarding the actual framework of SME’s financing and the surveys realized by some Romanian market researchers and the National Council of Romanian SMEs. The starting point is a theoretical approach about SME’s financing that underline the role and the importance of SME for the economy and the main issues concerning access of SME to finance. The author tries to emphasize some particularities for SME’s financing by European Union in order to better approach the framework for Romania. In this respect, the research undertaken on Romania materializes into a SWOT analysis that encapsulate the internal and external constraints of SME’s financing and also factors favoring it in order that entrepreneurs and policy makers take better actions to improve the SME access to finance.

Keywords: access to finance; type of finance; internal and external constraints; SWOT analysis (search for similar items in EconPapers)
JEL-codes: D53 E51 G32 L26 L53 (search for similar items in EconPapers)
Date: 2016
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