FINANCIAL DEVELOPMENT AND ROMANIAN SMES
Research has shown that financial development accelerates economic growth but little has been discussed about the disproportionate effect a country’s financial development has on the growth of its small firms. With this in mind we propose a panel data analysis of the Romanian SMEs over the period 20...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University Publishing House
2011-04-01
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| Series: | Challenges of the Knowledge Society |
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| Online Access: | http://cks.univnt.ro/uploads/cks_2011_articles/index.php?dir=02_economy%2F&download=cks_2011_economy_art_062.pdf |
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| _version_ | 1846095362162425856 |
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| author | DANIELA-RODICA SILIVESTRU (POPESCU) |
| author_facet | DANIELA-RODICA SILIVESTRU (POPESCU) |
| author_sort | DANIELA-RODICA SILIVESTRU (POPESCU) |
| collection | DOAJ |
| description | Research has shown that financial development accelerates economic growth but little has been discussed about the disproportionate effect a country’s financial development has on the growth of its small firms. With this in mind we propose a panel data analysis of the Romanian SMEs over the period 2002-2008. The results show that financial development exerts a positive effect on small firms relative to large ones. The analysis is based on data regarding: (a) the relative size of Romanian small and medium size enterprises (SMEs) in sectors like: industry, trade and services (calculated as the share of value added by different size class SMEs in total country’s value added); (b) each sector’s employment share and (c) Romania’s level of financial development. |
| format | Article |
| id | doaj-art-df49613f1adc4849970ee63d6eeddab4 |
| institution | Kabale University |
| issn | 2068-7796 |
| language | English |
| publishDate | 2011-04-01 |
| publisher | Nicolae Titulescu University Publishing House |
| record_format | Article |
| series | Challenges of the Knowledge Society |
| spelling | doaj-art-df49613f1adc4849970ee63d6eeddab42025-01-02T10:51:22ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962011-04-011-14181428FINANCIAL DEVELOPMENT AND ROMANIAN SMESDANIELA-RODICA SILIVESTRU (POPESCU)Research has shown that financial development accelerates economic growth but little has been discussed about the disproportionate effect a country’s financial development has on the growth of its small firms. With this in mind we propose a panel data analysis of the Romanian SMEs over the period 2002-2008. The results show that financial development exerts a positive effect on small firms relative to large ones. The analysis is based on data regarding: (a) the relative size of Romanian small and medium size enterprises (SMEs) in sectors like: industry, trade and services (calculated as the share of value added by different size class SMEs in total country’s value added); (b) each sector’s employment share and (c) Romania’s level of financial development.http://cks.univnt.ro/uploads/cks_2011_articles/index.php?dir=02_economy%2F&download=cks_2011_economy_art_062.pdffinancial developmentSMEsfirm size |
| spellingShingle | DANIELA-RODICA SILIVESTRU (POPESCU) FINANCIAL DEVELOPMENT AND ROMANIAN SMES Challenges of the Knowledge Society financial development SMEs firm size |
| title | FINANCIAL DEVELOPMENT AND ROMANIAN SMES |
| title_full | FINANCIAL DEVELOPMENT AND ROMANIAN SMES |
| title_fullStr | FINANCIAL DEVELOPMENT AND ROMANIAN SMES |
| title_full_unstemmed | FINANCIAL DEVELOPMENT AND ROMANIAN SMES |
| title_short | FINANCIAL DEVELOPMENT AND ROMANIAN SMES |
| title_sort | financial development and romanian smes |
| topic | financial development SMEs firm size |
| url | http://cks.univnt.ro/uploads/cks_2011_articles/index.php?dir=02_economy%2F&download=cks_2011_economy_art_062.pdf |
| work_keys_str_mv | AT danielarodicasilivestrupopescu financialdevelopmentandromaniansmes |