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Funding, Turnover, Sustainability and Digital Technologies: A Multicriteria Research Model for SMEs Facing a Challenging Context

Author

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  • Mara Del Baldo

    (Department of Economics, Society and Politics, School of Economics, University of Urbino Carlo Bo, 61029 Urbino, Italy)

  • Cătălina Sitnikov

    (Department of Management, Marketing and Business Administration, Faculty of Economics and Business Administration, University of Craiova, 200585 Craiova, Romania)

  • Laura Vasilescu

    (Department of Finance and Economic Analysis, Faculty of Economics and Business Administration, University of Craiova, 200585 Craiova, Romania)

  • Lucian Mandache

    (Faculty of Electrical Engineering, University of Craiova, 200440 Craiova, Romania)

  • Radu Ogarcă

    (Department of Management, Marketing and Business Administration, Faculty of Economics and Business Administration, University of Craiova, 200585 Craiova, Romania)

  • Anca Băndoi

    (Department of Finance and Economic Analysis, Faculty of Economics and Business Administration, University of Craiova, 200585 Craiova, Romania)

  • Eugen Ganea

    (Faculty of Automation, Computers and Electronics, University of Craiova, 200776 Craiova, Romania)

Abstract

The pandemic crisis has meant a challenge for SMEs and a factor that can change the way of doing business. The current paper analyses the correlations between financial resources, turnover, sustainability, and digital technologies and how these components can be adapted to changes in the economy triggered by the pandemic crisis in the structure of activities carried out by SMEs. Resting on the importance of integrating the innovative, digital component to the activities of SMEs, in close connection with the financial resources component, a multicriteria research model for business has been developed, assessing the correlations between key variables and their influence on European SMEs. In order to fully define the concepts envisaged and to emphasise these correlations, multiple linear regression, clustering techniques, and correlation analysis were used. In the end, the proposed solution provided a common language through which companies can evaluate traditional processes and bring together the research components into business activities.

Suggested Citation

  • Mara Del Baldo & Cătălina Sitnikov & Laura Vasilescu & Lucian Mandache & Radu Ogarcă & Anca Băndoi & Eugen Ganea, 2022. "Funding, Turnover, Sustainability and Digital Technologies: A Multicriteria Research Model for SMEs Facing a Challenging Context," Sustainability, MDPI, vol. 14(7), pages 1-33, March.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:7:p:3953-:d:780812
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    References listed on IDEAS

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    Cited by:

    1. Monica Mihaela Maer Matei & Cristina Mocanu & Ana Maria Zamfir & Anamaria Nastasa, 2023. "Implications of Digitalisation on Skill Needs in a Sustainable Economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(S17), pages 1115-1115, November.

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