Impact of Economic Crisis on SMEs
Impact of Economic Crisis on SMEs

Summary/Abstract: The world economic crisis started in 2008 was also felt in Romania. Most specialists believe that it is a major international economic crisis, with multiple negative effects on the world economies. The purpose of this item is to reveal few findings of an extensive empirical research of SMEs made in 2009, regarding dynamics of the activity of SMEs during October 2008 - March 2009, psychological impact of economic crisis on entrepreneurs, opinions regarding the peak of the crisis and entrepreneurs’ perceptions related to the Government’s capacity to combat the economic crisis The research has been conducted on a sample of 1099 SMEs – micro, small and medium sized firms - operating in all economic sectors, covering every age category and each of the eight development regions, being considered as representative for the Romanian SMEs’ situation.

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