Small and Medium-Sized Enterprises (SMEs): The Engine of Economic Growth through Investments and Innovation
| Autor: | Alexandra Hosszu, Mihai Alexandru Botezatu, Ștefan Cristian Gherghina, Liliana Nicoleta Simionescu |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Geography
Planning and Development TJ807-830 SMEs Management Monitoring Policy and Law TD194-195 Renewable energy sources regression analysis Order (exchange) investments 0502 economics and business GE1-350 National level Industrial organization Job creation Estimation competitiveness Environmental effects of industries and plants Poverty Renewable Energy Sustainability and the Environment 05 social sciences turnover Local economic development innovation Environmental sciences 050211 marketing Business 050203 business & management |
| Zdroj: | Sustainability Volume 12 Issue 1 Sustainability, Vol 12, Iss 1, p 347 (2020) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su12010347 |
| Popis: | Small and medium-sized enterprises (SMEs) are crucial for local economic development, playing a noteworthy role in job creation, poverty alleviation and economic growth, but they encounter many funding barriers. The purpose of the current paper is to investigate the impact of investments and innovation on territorial economic growth, as measured by turnover, for Romanian active enterprises, especially SMEs, over the period 2009&ndash 2017. By estimating several log&ndash log linear regressions, the quantitative outcomes provide support for a positive influence of investments on turnover. The association was confirmed both for all active enterprises at the national level, as well as for micro, small, middle-sized and big companies. As regards expenditures on innovation, a positive impact on turnover was acknowledged for all enterprises and particularly for big companies, but there was an absence of any statistically significant relation in the case of SMEs. The impact of firm size on turnover was positive for all active enterprises at the national level, along with active micro-units. Also, the estimation results show a positive impact of the number of active micro-units on territorial economic growth. The empirical findings are relevant to managers and policymakers in order to stimulate, encourage and offer support to SMEs&rsquo development through their strategies. |
| Databáze: | OpenAIRE |
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