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Facilities Granted to Students for Business Development

Author

Listed:
  • Claudia Isac

    (University of Petroşani, Romania)

Abstract

Starting from the important contribution of SMEs to the economic growth and from the reality that social and economic effects arising from their development is an engine of the national economy, we have highlighted the arguments of setting up there stereotype companies. Thus, in the first part of the paper we have presented, in addition to the defining characteristics of the facilities awarded to students for initiating a business, their role for the development of entrepreneurial attitudes. In continuation of this work I have highlighted the benefits of setting up such firms, advantages that cover both organizational and financial aspects, namely tax breaks and other facilities granted to finance the company's activities. Toward the end of the paper I did a statistical analysis on the evolution of the number of companies set up by students, based on different criteria, such as: the evolution of the number of companies in operation or removed from register, the number of companies/capita, the number of firms by geographical areas, etc. At the end I have highlighted several conclusions on the importance of encouraging entrepreneurial competences and the creation of a legal framework and tax incentives.

Suggested Citation

  • Claudia Isac, 2016. "Facilities Granted to Students for Business Development," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(2), pages 37-44.
    • Handle: RePEc:pet:annals:v:16:y:2016:i:2:p:37-44
    as

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    File URL: https://www.upet.ro/annals/economics/pdf/2016/part2/Isac.pdf
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    References listed on IDEAS

    as
    1. Codruța Dura & Imola Drigă, 2015. "Overview on Romania’s small bussines act profile in 2015," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 15(2), pages 37-44.
    2. Ovidiu NICOLESCU & Ciprian NICOLESCU, 2010. "Coordinates of Policy Concerning SMEs Development in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 5-20, March.
    3. Ovidiu NICOLESCU & Ciprian NICOLESCU & Ana BONTEA, 2010. "Getting out of Crisis of SME Sector," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(2), pages 175-185, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    entrepreneur; SMM; entrepreneurial phenomenon; entrepreneurial activities; LTD-Student; tax advantages; entrepreneurial competences; statistical analysis; economic growth;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

    Statistics

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