Performance Improvements for Romanian SMEs and Their Predictors
| Autor: | Laura-Maria Herța, Sorin Romulus Berinde |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Geography
Planning and Development Local Development corporate governance TJ807-830 Context (language use) Accounting Management Monitoring Policy and Law TD194-195 local development Renewable energy sources 0502 economics and business self-funding strategies GE1-350 Government 050208 finance sustainable SMEs Environmental effects of industries and plants Renewable Energy Sustainability and the Environment business.industry Corporate governance Romanian 05 social sciences Flexibility (personality) Regression analysis Legislature language.human_language Environmental sciences managerial consultancy services excessive taxation language legislative regulations business 050203 business & management performance |
| Zdroj: | Sustainability Volume 13 Issue 15 Sustainability, Vol 13, Iss 8202, p 8202 (2021) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su13158202 |
| Popis: | The corporate governance of Romanian SMEs states that these companies have been less and less able to generate performance over the last few years. An average number of 1.273 SMEs per year have been included in the study, coming from all the eight local development regions of Romania. The data covers a period of 14 financial years, between 2005 and 2018. The findings showed, after statistical computations using regression models, that the performance of Romanian SMEs depended on the level of external managerial consultancy that corporate governance received from specialized companies and on the increasing level of wages. Given the high flexibility potential of SMEs, these choices are seen as tailored actions and strategies to compete successfully and support sustainable performance in the local context where its trend is downward. Moreover, the act of achieving performance at present is upheld by the performance attained in previous financial years. The impact of these factors could be established as a matter of priority in a long-term approach, for a time lag of up to 3 years. Moreover, the performance of companies covering all the local development regions is influenced only to a small degree by taxation levels, by the frequency of tax supervision performed by government institutions, by the capacity of corporate governance to be up to date with legislative change or by the self-financing of the activity conducted by the companies. |
| Databáze: | OpenAIRE |
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