%0 Journal Article
%T Current Challenges and Future Trends for Romanian Small and Medium Enterprises: An Empirical Study
%A Ionica Oncioiu
%J Advances in Management and Applied Economics
%D 2013
%I Scienpress Ltd
%X This study is an exploration of the dynamics of the present Romanian SME¡¯ landscape. I offer first an overview of the characteristics of Romanian entrepreneurship and of the general impact of the recent crisis on the Romanian SME. I outline further the main constraints faced by the SME in the specific Romanian context and sketch current trends of Romanian SME. I employ hereby an econometric model - Markov chains - which I state as rewarding when investigating the evolution of SME, and apply it to a set of empirical data (SME from Romania¡¯s South-Eastern region), in order to assess the evolution of these Romanian SME during the period 2007-2011. I present further two scenarios for the evolution of Romanian SME for the current and next period (up to 2016). Based on the results of this analysis, I formulate in the conclusions a set of recommendations which are aimed at supporting the consolidation of the Romanian SME sector.
%U http://www.scienpress.com/Upload/AMAE/Vol%203_3_5.pdf