Theoretical and Applied Economics
No. 9 / 2013 (586)
Harmonization process in defining small and medium-sized enterprises. Arguments for a quantitative definition versus a qualitative one
The Bucharest University of Economic Studies
Abstract. Harmonization process of the definition and financial reporting of small and medium-sized enterprises is still a challenge for European and international organizations and institutions. Analysing the definitions of SMEs issued by European Commission, World Bank, OECD, the definitions used within a couple of countries and other studies regarding this aspect, it concluded that is not yet a consensus regarding the definition of the small and medium-sized enterprises. The various criteria used to classify the enterprises in the category of SMEs, different thresholds, the economic activity and economic context of each country are the main factors which interfere with the existence of one international available quantitative definition for small and medium-sized enterprises.
Contents
The sustainable company: new challenges and strategies for more sustainability
The impact of accounting information on managerial decisions – Empirical study conducted in the hospitality industry entities in Romania
Exchange rate volatility effects on export competitiveness. Romanian Case
Do investors consider composite leading indicators? Time series evidence from emerging countries
Can Member States unlock the national competitiveness through export market share effects?
Innovation – a national priority, supported by the regional development agencies
Pros and cons of using derivatives
Harmonization process in defining small and medium-sized enterprises. Arguments for a quantitative definition versus a qualitative one
Management strategies of the financial-economical crisis in the hotel’s domain
Mathematics in economics. A perspective on necessity and sufficiency
Financial stability between liberalization and regulation