Economic Performance of the SME sector in CEE Countries: an Empirical Investigation

• Main Authors: Valentina Diana Rusu, Angela Roman
• Format: Article
• Language: English
• Published: Danubius University 2017-06-01
• Series: Acta Universitatis Danubius: Oeconomica
• Subjects: SME; performance; value added; employment; CEE
• Online Access: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/4209/4078

Small and medium enterprises are an important part of a country’s economy and are a significant source for creating value added, employment, innovation and economic growth. Because of this improving their performance is a major concern of the specialists in the field. Through this paper we intend to evaluate the evolution of the SMEs performance between 2008 and 2014, but also to determine the factors that are influencing the growth of the value added of SMEs in the Central and Eastern European countries. In order to achieve the objectives proposed we use as methods the comparison of indicators and multiple linear regression models. The results obtained show that a part of the considered macroeconomic performance indicators, such as: total tax rate, exports of goods and services and private final consumption are statistically significant and have a strong influence on the SMEs performance. Also we observe important differences according to firm size.