European Union Integration Impact on Romanian SMEs Performance

Achim Sorin Adrian (), Pintea Mirela Oana and Andrei Scridon ()

Marketing – from Information to Decision Journal, 2018, vol. 1, issue 1, 49-58

Abstract: Since SMEs are the most important entities of the national economy we can say that their performance is the locomotive of performance at the microeconomic level. The present material is not limited to measuring the performance of SMEs in Romania for a given period, but aims to analyze what impact did the European integration of Romania had on the performance of SME within the development regions. For this we took from the annual edition of White Paper of SMEs for the period 2004-2011 the values of eight indicators used to quantified performance (net result, turnover, return on equity, commercial rate, rotation rate of own capital, overall autonomy rate, labor productivity and overall solvency ratio), we explained the choice of these indicators, we applied the model of unobserved components and established a global performance index of SME development for each region separately. With this index we could determine whether Romania's EU accession had an influence on the performance of SME development in the regions and we could compare this influence with the influences of economic crisis manifested in the analyzed period on the same performance indicators.

Keywords: Performance; European integration; Small and medium enterprises (SMEs); Model of unobserved components (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:mfitdj:v:1:y:2018:i:1:p:49-58:n:5

DOI: 10.2478/midj-2018-0005

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