Factors Affecting the Performance of Small and Medium-Sized Enterprises in Romania

Silviu Constantin Nastasia (), Diana Elena TOMA (nastasia) () and Anca Vrãžnceanu ()
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Silviu Constantin Nastasia: Valahia University of Târgovişte, Romania
Diana Elena TOMA (nastasia): Valahia University of Târgovişte, Romania
Anca Vrãžnceanu: Valahia University of TârgoviÅŸte, Romania

Chapter 18 in CATES 2017, 2018, vol. 4, pp 183-191 from Editura Lumen

Abstract: Small and medium-sized enterprises, as a main element of any economic system, have a significant influence on durable development of a state. Moreover, it becomes clearer that SMEs have gained a significant role in terms of employment, development of innovation and wealth creation. However, in many cases, enterprises face problems and, as a result, some perform dismally and fail to grow while others end up to bankruptcy. Given the high failure rate, it is of big interest to research the factors that may enable the SMEs to survive and develop up to the point they perform. The growth of an economic entity is in dependence with multiple factors, of which identification and evaluation is determinant for any proper appreciations of enterprise’s future perspectives. The objective of this paper was to examine the factors affecting business success of small and medium-sized enterprises listed in Romania such as management experience, access to infrastructure, access to finance and access to relevant information in affiliated sector of activity. Thus, the paper aimed to highlight the factors that impact enterprise’s achievements and to stress out the importance of entrepreneur’s attitude towards the influence of such factors on performance of the enterprise.

Keywords: SME; performance; development; factors (search for similar items in EconPapers)
JEL-codes: A3 I2 I3 M0 (search for similar items in EconPapers)
Date: 2018
ISBN: 978-1-910129-16-6
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Persistent link: https://EconPapers.repec.org/RePEc:lum:prchap:04-18

DOI: 10.18662/lumproc.18

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