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The Impact of COVID-19 on Romanian SMEs

Author

Listed:
  • Elena Rusu (Cigu)

    (“Alexandru Ioan Cuza†University of Iași)

  • Anca Elena Afloarei Nucu

    (“Alexandru Ioan Cuza†University of Iași)

Abstract

In the context of the COVID-19 pandemic, all countries are facing a sharp economic recession. Small and medium sized enterprises (SMEs) are severely affected and thus the involvement of the state in the economy is inevitable. The purpose of the paper is to analyze the impact of coronavirus outbreak on Romanian SMEs. The research explores the literature regarding economic strategies and model in recession times. Also, based on descriptive analysis methodology, the status of SMEs in the 42 counties of Romania corresponding to NUTS 2. The paper can be considered a useful viewpoint in understanding the impact of COVID-19 on Romanian SMEs.

Suggested Citation

  • Elena Rusu (Cigu) & Anca Elena Afloarei Nucu, 2020. "The Impact of COVID-19 on Romanian SMEs," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1065-1071, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:1065-1071
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    References listed on IDEAS

    as
    1. Joseph Amankwah‐Amoah & Johnny Syllias, 2020. "Can adopting ambitious environmental sustainability initiatives lead to business failures? An analytical framework," Business Strategy and the Environment, Wiley Blackwell, vol. 29(1), pages 240-249, January.
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    More about this item

    Keywords

    Coronavirus crisis; SMEs;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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