PERSPECTIVES ON FAMILY FIRMS IN THE ROMANIAN ECONOMIC FRAMEWORK
The paperwork focuses on emphasizing the increasingly significant role of family firms in the Romanian economic framework, by bringing into attention legislative matters, their advantages and disadvantages compared to other similar forms of organization (sole proprietorship (IF) and PFA (self-empl...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University Publishing House
2018-05-01
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| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/uploads/cks_2018_articles/index.php?dir=5_economic_sciences%2F&download=CKS_2018_economic_sciences_003.pdf |
| Summary: | The paperwork focuses on emphasizing the increasingly significant role of family firms in the Romanian economic
framework, by bringing into attention legislative matters, their advantages and disadvantages compared to other similar forms
of organization (sole proprietorship (IF) and PFA (self-employed person)). The importance of FFs is indisputable, not only
generally, from the economic point of view, but also in terms of the commitment shown to local communities, business
responsibility, long-term stability and moral values. They are also a fertile soil for entrepreneurship as incubators for future
entrepreneurs. Our goal is to capture their features, their evolution in time in the local framework, development tendencies,
but also the peculiarities of their financial instrumentation. Their specific aspects in what concerns financial instrumentation
of FFs may be the subject of future debates on proposals to improve the management of their work, to analyze their financial
activity by highlighting the legislative aspects which are compared to similar forms of organization, by also assessing the
evolution in time of family firms in terms of their importance within the economy. Therefore, the paperwork points out some of
the key aspects and characteristics of such organizations which act as a balance in entrepreneurial development, along with
the economic support of thousands of families, both from rural and urban environment. |
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| ISSN: | 2068-7796 2068-7796 |