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Digital transformation and innovation of the European SMEs. How Romania replies to the digitalization phenomena?

Author

Listed:
  • Emilia JERCAN

    (Bucharest University of Economic Studies, Romania)

  • Teodora NACU

    (Bucharest University of Economic Studies, Romania)

Abstract

Digital technologies and digitalization represent a growing trend across countries in Europe, especially for developed economies and markets. Today, it is commonly acknowledged that an important factor for the SMEs’ competitiveness, growth, and success, is the implementation of digital innovation and new tools. The varied and multidimensional reasons that either help or prevent SMEs from adopting digital tools and innovation, nevertheless, are numerous, and the ability of SMEs in Europe to obtain digital advancement and innovation is examined in this paper in relation to the influence of external factors such as governmental policies. By analysing different governmental policies among the EU, the aim of this paper is to establish a connection between various regulations and the innovation performance of Romanian SMEs.

Suggested Citation

  • Emilia JERCAN & Teodora NACU, 2023. "Digital transformation and innovation of the European SMEs. How Romania replies to the digitalization phenomena?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(Special, ), pages 238-252.
    • Handle: RePEc:agr:journl:v:xxx:y:2023:i:special:p:238-252
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    References listed on IDEAS

    as
    1. Milé Terziovski, 2010. "Innovation practice and its performance implications in small and medium enterprises (SMEs) in the manufacturing sector: a resource‐based view," Strategic Management Journal, Wiley Blackwell, vol. 31(8), pages 892-902, August.
    2. Laura Vasilescu, 2014. "ACCESSING FINANCE FOR INNOVATIVE EU SMEs KEY DRIVERS AND CHALLENGES," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 12(2), pages 35-47.
    3. Túlio A. Cravo & Caio Piza, 2019. "The impact of business-support services on firm performance: a meta-analysis," Small Business Economics, Springer, vol. 53(3), pages 753-770, October.
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