Monetary and Fiscal Policy Strategies for Enhancing Financial Sustainability and Growth in Startups: Insights From Romania’s Ecosystem
Romania’s entrepreneurial ecosystem continues to struggle with significant challenges, including limited access to venture capital, bureaucratic inefficiencies, and fragmented policy execution. Despite the European Union’s support for entrepreneurship, Romania’s startup success rates remain comparat...
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| Format: | Article |
| Language: | English |
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Institutul de Studii Financiare
2025-05-01
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| Series: | Revista de Studii Financiare |
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| Online Access: | https://revista.isfin.ro/wp-content/uploads/2025/02/10.-Cotescu-Razvan-et..pdf |
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| author | Răzvan-George Cotescu Miruna-Mihaela Vasilca Edi-CristianDumitra Cezara-Georgiana Radu |
| author_facet | Răzvan-George Cotescu Miruna-Mihaela Vasilca Edi-CristianDumitra Cezara-Georgiana Radu |
| author_sort | Răzvan-George Cotescu |
| collection | DOAJ |
| description | Romania’s entrepreneurial ecosystem continues to struggle with significant challenges, including limited access to venture capital, bureaucratic inefficiencies, and fragmented policy execution. Despite the European Union’s support for entrepreneurship, Romania’s startup success rates remain comparatively low. This study investigates the role of fiscal and monetary policies in enhancing financial sustainability and growth in the Romanian startup ecosystem. Using quantitative research methods, such as regression analysis, the research quantifies the impact of key policy interventions, like government funding, tax incentives, and credit access on startup survival and performance. The analysis reveals a robust relationship between policy measures and startup success, with policy impact emerging as the most significant driver. It also highlights the effectiveness of targeted interventions. However, the results showed a certain degree of variability due to regional disparities and limited private-sector participation. These steps aim to bridge financial gaps, reduce inefficiencies, and align Romania’s entrepreneurial ecosystem with best practices seen in EU leaders, such as Germany, France, or Poland. In addition, the study discusses behavioral insights to address cognitive and psychological barriers faced by entrepreneurs and offers a set of possible suggestions for policymakers. Future research should investigate longitudinal and sector-specific effects to further optimize these policies for sustainable startup growth. |
| format | Article |
| id | doaj-art-7268f72b71a84bd19fd92e86e2c67bbb |
| institution | DOAJ |
| issn | 2537-3714 2559-1347 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | Institutul de Studii Financiare |
| record_format | Article |
| series | Revista de Studii Financiare |
| spelling | doaj-art-7268f72b71a84bd19fd92e86e2c67bbb2025-08-20T03:14:35ZengInstitutul de Studii FinanciareRevista de Studii Financiare2537-37142559-13472025-05-01101819521010.55654/JFS.2025.10.18.10Monetary and Fiscal Policy Strategies for Enhancing Financial Sustainability and Growth in Startups: Insights From Romania’s EcosystemRăzvan-George Cotescu0Miruna-Mihaela Vasilca1Edi-CristianDumitra2Cezara-Georgiana Radu3The Bucharest University of Economic Studies, Bucharest, RomaniaThe Bucharest University of Economic Studies, Bucharest, RomaniaThe Bucharest University of Economic Studies, Bucharest, RomaniaThe Bucharest University of Economic Studies, Bucharest, RomaniaRomania’s entrepreneurial ecosystem continues to struggle with significant challenges, including limited access to venture capital, bureaucratic inefficiencies, and fragmented policy execution. Despite the European Union’s support for entrepreneurship, Romania’s startup success rates remain comparatively low. This study investigates the role of fiscal and monetary policies in enhancing financial sustainability and growth in the Romanian startup ecosystem. Using quantitative research methods, such as regression analysis, the research quantifies the impact of key policy interventions, like government funding, tax incentives, and credit access on startup survival and performance. The analysis reveals a robust relationship between policy measures and startup success, with policy impact emerging as the most significant driver. It also highlights the effectiveness of targeted interventions. However, the results showed a certain degree of variability due to regional disparities and limited private-sector participation. These steps aim to bridge financial gaps, reduce inefficiencies, and align Romania’s entrepreneurial ecosystem with best practices seen in EU leaders, such as Germany, France, or Poland. In addition, the study discusses behavioral insights to address cognitive and psychological barriers faced by entrepreneurs and offers a set of possible suggestions for policymakers. Future research should investigate longitudinal and sector-specific effects to further optimize these policies for sustainable startup growth.https://revista.isfin.ro/wp-content/uploads/2025/02/10.-Cotescu-Razvan-et..pdffiscal policymonetary policystartupsromaniafinancial sustainabilitypolicy impactbehavioral economics |
| spellingShingle | Răzvan-George Cotescu Miruna-Mihaela Vasilca Edi-CristianDumitra Cezara-Georgiana Radu Monetary and Fiscal Policy Strategies for Enhancing Financial Sustainability and Growth in Startups: Insights From Romania’s Ecosystem Revista de Studii Financiare fiscal policy monetary policy startups romania financial sustainability policy impact behavioral economics |
| title | Monetary and Fiscal Policy Strategies for Enhancing Financial Sustainability and Growth in Startups: Insights From Romania’s Ecosystem |
| title_full | Monetary and Fiscal Policy Strategies for Enhancing Financial Sustainability and Growth in Startups: Insights From Romania’s Ecosystem |
| title_fullStr | Monetary and Fiscal Policy Strategies for Enhancing Financial Sustainability and Growth in Startups: Insights From Romania’s Ecosystem |
| title_full_unstemmed | Monetary and Fiscal Policy Strategies for Enhancing Financial Sustainability and Growth in Startups: Insights From Romania’s Ecosystem |
| title_short | Monetary and Fiscal Policy Strategies for Enhancing Financial Sustainability and Growth in Startups: Insights From Romania’s Ecosystem |
| title_sort | monetary and fiscal policy strategies for enhancing financial sustainability and growth in startups insights from romania s ecosystem |
| topic | fiscal policy monetary policy startups romania financial sustainability policy impact behavioral economics |
| url | https://revista.isfin.ro/wp-content/uploads/2025/02/10.-Cotescu-Razvan-et..pdf |
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