FROM STRATEGIC DECISIONS TO CORPORATE GOVERNANCE IN THE SME SECTOR IN GERMANY

The purpose of this research is a better understanding of the past and present tendencies with regard to entrepreneurship in modern economies, in order to be able to anticipate the fields in which SMEs are going to develop. Particularly at times of economic crises, it becomes clear that smaller firm...

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Bibliographic Details
Published in:Studia Universitatis Babeș-Bolyai. Oeconomica 2014-12, Vol.59 (3), p.57-67
Main Authors: Borza, Anca, Pop, Zenovia Cristiana, Bordean, Ovidiu-Niculae, Stümpel, Hans Jürgen
Format: Article
Language:English
Subjects:
Corporate governance
Decision making
Demographics
Economic crisis
Economic fluctuations
Economy
Employees
Franchising
Germany
Global economy
Intangible assets
Knowledge economy
Knowledge management
Manufacturing
Polls & surveys
Questionnaires
Small & medium sized enterprises-SME
Small and medium sized enterprises
Software
Strategic planning
Studies
Trends
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Summary:The purpose of this research is a better understanding of the past and present tendencies with regard to entrepreneurship in modern economies, in order to be able to anticipate the fields in which SMEs are going to develop. Particularly at times of economic crises, it becomes clear that smaller firms are often capable to respond faster, more targeted and more flexibly to global economic fluctuations, and to withstand recessionary phases. Based on the results of a survey on 120 German SMEs, we will illustrate the connection between factors determining the adoption of corporate governance by small enterprises, using GAMMA software.
ISSN:2065-9644
1220-0506
2065-9644