PUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?

The role of entrepreneurship and private initiative in economic development and jobs creation, for the development of a dynamic and innovative small and medium enterprises (SME) sector is widely recognized in economic theory and practice. Entrepreneurship do not only contribute to productivity impro...

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Autores principales:	Dragos Dianu, Monica (Cenan) Ciucos, Alina Badulescu, Daniel Badulescu
Formato:	article
Lenguaje:	DE EN FR IT
Publicado:	University of Oradea 2021
Materias:	entrepreneurship; SMEs; public policy support, EU. Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/09b9f5e8a15348bab905f86feca43587
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spelling	oai:doaj.org-article:09b9f5e8a15348bab905f86feca435872021-11-09T19:43:05ZPUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?1222-569X1582-5450https://doaj.org/article/09b9f5e8a15348bab905f86feca435872021-07-01T00:00:00Zhttp://anale.steconomiceuoradea.ro/volume/2021/n1/003.pdfhttps://doaj.org/toc/1222-569Xhttps://doaj.org/toc/1582-5450The role of entrepreneurship and private initiative in economic development and jobs creation, for the development of a dynamic and innovative small and medium enterprises (SME) sector is widely recognized in economic theory and practice. Entrepreneurship do not only contribute to productivity improvements, but it could also help finding practical solutions to social and environmental challenges, climate change, global economic or health crises. However, despite this widespread recognition, entrepreneurship relatively recently becomes a concern for the decision-makers’, and in many cases the support measures are partial, difficult to understand and access, marked by bureaucracy and over-regulation, even in developed countries. Therefore, the active involvement of policy makers, the contribution of public or private support structures, education, public awareness of the benefits of entrepreneurship and small and medium-sized businesses are essential. Building policies and strategies to support entrepreneurship starts from objective characteristics, but it must be adapted to the specific conditions of each country, the profile, size and structure of the business sector in that country (or region) in order to enhance its contribution to development goals. In our article we state that public policies for entrepreneurship must find a balance between stimulating the new firms’ creation, the size of existing ones and the impetus given to the sub-sector of dynamic, innovative companies, high growth-oriented. In the case of the developed countries analysed here, characterized by opportunity-driven entrepreneurship, the objectives of public policies to support entrepreneurship and SMEs should not excessively focus on setting up new companies. Rather, they must insist on creating a business-friendly environment and promoting an entrepreneurial culture, on the efficient functioning of support structures and networks, on encouraging the establishment and development of companies based on high knowledge, on strengthening and growth of the existing SMEs.Dragos DianuMonica (Cenan) CiucosAlina BadulescuDaniel BadulescuUniversity of Oradeaarticleentrepreneurship; SMEs; public policy support, EU.BusinessHF5001-6182FinanceHG1-9999DEENFRITAnnals of the University of Oradea: Economic Science, Vol 30, Iss 1, Pp 39-48 (2021)
institution	DOAJ
collection	DOAJ
language	DE EN FR IT
topic	entrepreneurship; SMEs; public policy support, EU. Business HF5001-6182 Finance HG1-9999
spellingShingle	entrepreneurship; SMEs; public policy support, EU. Business HF5001-6182 Finance HG1-9999 Dragos Dianu Monica (Cenan) Ciucos Alina Badulescu Daniel Badulescu PUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?
description	The role of entrepreneurship and private initiative in economic development and jobs creation, for the development of a dynamic and innovative small and medium enterprises (SME) sector is widely recognized in economic theory and practice. Entrepreneurship do not only contribute to productivity improvements, but it could also help finding practical solutions to social and environmental challenges, climate change, global economic or health crises. However, despite this widespread recognition, entrepreneurship relatively recently becomes a concern for the decision-makers’, and in many cases the support measures are partial, difficult to understand and access, marked by bureaucracy and over-regulation, even in developed countries. Therefore, the active involvement of policy makers, the contribution of public or private support structures, education, public awareness of the benefits of entrepreneurship and small and medium-sized businesses are essential. Building policies and strategies to support entrepreneurship starts from objective characteristics, but it must be adapted to the specific conditions of each country, the profile, size and structure of the business sector in that country (or region) in order to enhance its contribution to development goals. In our article we state that public policies for entrepreneurship must find a balance between stimulating the new firms’ creation, the size of existing ones and the impetus given to the sub-sector of dynamic, innovative companies, high growth-oriented. In the case of the developed countries analysed here, characterized by opportunity-driven entrepreneurship, the objectives of public policies to support entrepreneurship and SMEs should not excessively focus on setting up new companies. Rather, they must insist on creating a business-friendly environment and promoting an entrepreneurial culture, on the efficient functioning of support structures and networks, on encouraging the establishment and development of companies based on high knowledge, on strengthening and growth of the existing SMEs.
format	article
author	Dragos Dianu Monica (Cenan) Ciucos Alina Badulescu Daniel Badulescu
author_facet	Dragos Dianu Monica (Cenan) Ciucos Alina Badulescu Daniel Badulescu
author_sort	Dragos Dianu
title	PUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?
title_short	PUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?
title_full	PUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?
title_fullStr	PUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?
title_full_unstemmed	PUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?
title_sort	public policies to support entrepreneurship: do they contribute to strengthen smes sector?
publisher	University of Oradea
publishDate	2021
url	https://doaj.org/article/09b9f5e8a15348bab905f86feca43587
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PUBLIC POLICIES TO SUPPORT ENTREPRENEURSHIP: DO THEY CONTRIBUTE TO STRENGTHEN SMES SECTOR?

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