Work

Romanian SMEs Financing Options: An Empirical Analysis

Year: 2013

Type: article

Abstract: One of the most pressing problems faced by micro, small and medium sized enterprises (henceforth SMEs) in Europe is the access to sufficient funds to sustain their long term growth. Romanian SMEs make no exception. In this context the present paper focuses on analyzing the extent to which external funding sources have contributed to the value added created by the Romanian SMEs between 2007 and 2011.The investigation’s results indicate the existence of a causal link between some forms of external financing (namely bank loans, leasing, factoring, guarantee products and European funds) and the value added created by the Romanian micro, small and medium sized enterprises in the aforementioned period.

Source: RePEc: Research Papers in Economics

Authors: Ioan Nistor, Daniela-Rodica Popescu

Institution: Babeș-Bolyai University

Language: English

Topic: Working Capital and Financial Performance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W242110883

FWCI: 1.497

Cites: 15

Cited by: 3

Related to: 10