Financial Stability an Imperative Condition to Develop the Enterprise Phenomenon

Isac Bors


The recent years research that aimed at identifying means and tools of encouraging entrepreneurship, have shown how important it is to be profoundly acknowledged and to improve the business environment as well as the investment climate. In the present paper I am focusing my studies on the impact the financial stability has on the investment climate and its pertinence to the entrepreneurship phenomenon in Romania, during the years of 1996-2012, where I make use of an aggregated index for the specific purpose of measuring the financial stability.

The main objective of the present article is to highlight the important role the financial stability plays, as essential integral part of the business environment, in ensuring the most favorable context of developing the entrepreneurship phenomenon. The tests applied indicate there is a strong connection, statistically significant, between the entrepreneurship and a better business environment, financial stability having a positive impact on the financial system ability to ensure financing for new businesses, for young companies or for Small and Medium Enterprises.

Full Text:




  • There are currently no refbacks.

Copyright (c)

Accounting and Finance Research
ISSN 1927-5986 (Print)   ISSN 1927-5994 (Online) Email:

Copyright © Sciedu Press

To make sure that you can receive messages from us, please add the '' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.