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Economic Performance of the SME sector in CEE Countries: an Empirical Investigation

Author

Listed:
  • Valentina Diana Rusu

    (“Alexandru Ioan Cuza” University)

  • Angela Roman

    (“Alexandru Ioan Cuza” University)

Abstract

Small and medium enterprises are an important part of a country’s economy and are a significant source for creating value added, employment, innovation and economic growth. Because of this improving their performance is a major concern of the specialists in the field. Through this paper we intend to evaluate the evolution of the SMEs performance between 2008 and 2014, but also to determine the factors that are influencing the growth of the value added of SMEs in the Central and Eastern European countries. In order to achieve the objectives proposed we use as methods the comparison of indicators and multiple linear regression models. The results obtained show that a part of the considered macroeconomic performance indicators, such as: total tax rate, exports of goods and services and private final consumption are statistically significant and have a strong influence on the SMEs performance. Also we observe important differences according to firm size.

Suggested Citation

  • Valentina Diana Rusu & Angela Roman, 2017. "Economic Performance of the SME sector in CEE Countries: an Empirical Investigation," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(3), pages 102-114, JUNE.
    • Handle: RePEc:dug:actaec:y:2017:i:3:p:102-114
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/4209/4078
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    References listed on IDEAS

    as
    1. Iuliana-Ioana Purcarea & Ion Stancu, 2008. "The Influence of R&D Policy on Performance of the Companies Listed with Bucharest Stock Exchange (through Intangible Assets)," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 9(9(526)), pages 03-10, September.
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    Cited by:

    1. Dr. Gilbert Mugambi Miriti, Ph.D., 2021. "Entrepreneurial Orientation and the Performance of Youth Owned Funded Small and Medium Enterprises (SMEs) in Chuka Town (Tharaka-Nithi County) Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(5), pages 120-127, May.
    2. Monika Sipa & Malgorzata Smolarek & Tomasz Jalowiec & Piotr Masloch & Henryk Wojtaszek & Ireneusz Miciula & Grzegorz Masloch, 2021. "Diversity of Factors Determining Employee Satisfaction as an Area of CSR Activity in Companies of Different Scale," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 507-522.
    3. Bojan Ćudić & Iwona Skrodzka, 2021. "‘Soft’ Support Infrastructure And The Performance Of Small And Medium-Sized Enterprises In European Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 66(230), pages 67-100, July – Se.

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