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The Place And Role Of Financing In The Management Of Small Businesses In The Tourism And Hospitality Industry

Author

Listed:
  • Iuliana CIOCHINA

    (”Constantin Brâncoveanu” University of Pite?ti, Romania)

  • Carmen IORDACHE

    (”Constantin Brâncoveanu” University of Pite?ti, Romania)

Abstract

Tourism, through the variety of activities it encompasses, and its relations with other economic sectors, has the features of a branch of interference and synthesis. In this context, promoting Romania as a tourist destination, and increasing the number of tourists are objectives that can be achieved through the implementation of financing policies striving to increase economic competitiveness, in order to attract investors and entrepreneurs in the field of tourism and hospitality. In addition to improvements in the legislative department, funding plays an important role in stimulating and developing SMEs and supporting the business environment. The diversity of activities embedded in the tourism industry's content gives it its complexity.

Suggested Citation

  • Iuliana CIOCHINA & Carmen IORDACHE, 2017. "The Place And Role Of Financing In The Management Of Small Businesses In The Tourism And Hospitality Industry," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(4), pages 163-171.
    • Handle: RePEc:brc:brccej:v:2:y:2017:i:4:p:163-171
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    References listed on IDEAS

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    1. Ocde, 2017. "Stratégies de financement des PME et des entrepreneurs du tourisme," Études de l'OCDE sur le tourisme 2017/3, OECD Publishing.
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      More about this item

      Keywords

      tourism; hospitality industry; business; finance;
      All these keywords.

      JEL classification:

      • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
      • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
      • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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