Insight into the resilience of the Romanian economy

Sorin Somitca (), Alina Somitca () and Elena Hlaciuc ()
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Sorin Somitca: Stefan cel Mare University, Romania
Alina Somitca: Stefan cel Mare University, Romania
Elena Hlaciuc: Stefan cel Mare University, Romania

Entrepreneurship and Sustainability Issues, 2023, vol. 10, issue 3, 84-101

Abstract: We are contemporary with various financial crises of global magnitude, starting with the Great Depression of 2008-2009, so-called the "subprime crisis", the economic crisis generated by the COVID 19 pandemic, but also the one that is ongoing nowadays, caused by the Russian-Ukrainian conflict. All these extreme situations generate reactions of the most diverse and challenging to delimit and predict so that the economic entities must show permanent resilience to recover quickly and emerge victorious from the fight with the disturbing phenomena. The present study attempted an x-ray of the Romanian economy after the first year of the COVID pandemic, the most difficult year when the restrictions were among the most severe, analyzing at the same time the years before the beginning of the pandemic for an accurate picture. At the same time, we tried to answer the questions of why a company is more resilient than others using a sample of the top 100 companies in Romania, analyzing the impact on revenue growth of 13 indicators grouped in 4 classes, namely Business efficiency, Sustainable Profitability, Financial Stability, Business dynamics & stability. The obtained results may have significan economic policy implications.

Keywords: resilience; financial health; crisis; econometric model; economic growth (search for similar items in EconPapers)
JEL-codes: O11 O32 O47 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:10:y:2023:i:3:p:84-101

DOI: 10.9770/jesi.2023.10.3(7)

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