Universitatea din Bucuresti, Facultatea de Administratie si Afaceri

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ISSN-L 1453-0503
ISSN (e) 2286-170X
ISSN (p) 1453-0503



Elisabeta Queen
No. 4 - 12, District 1,
Bucharest, Romania

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Leadership and Economic Efficiency of Public Enterprises in Romania


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  1. Authors:
      • Ph. D. Teaching Assistant MBA Valentin Mihai Leoveanu, email: valentin.leoveanu@faa.unibuc.ro, Afiliation: Faculty of Business and Administration, University of Bucharest, Romania

      • 121|129

  2. Keywords: state owned enterprises, corporate governance, leadership, economic efficiency, financial indicators

  3. Abstract:
    The place and role of SOEs in a national economy was debated many years ago from the
    collapse of socialist economies when it came to the former communist countries to make a transition from
    the planned economy to an economy of free market, and even back in time to the early 80s, an example being
    the Teacher government in the UK. The subject remains as important nowadays for Romania, given
    that there are still many problems in connection with the responsibility of the state towards various fields
    of economic activity, the leadership and the involvement of public authorities and, not least, the economic
    performances brought by this type of enterprise. This paper try to make a review of the scientific literature
    in order to reveal significant researches in the domain, a short presentation of Romanians SOEs and their
    economic environment in 2014 and an analysis of the economic efficiency of public enterprises in Romania
    that focuses on the evolution of the 2012-2014 period of the number of public companies, of the major
    financial indicators, of the number of insolvencies, of the outstanding payments and of the state subsidies,
    as well as correlation between these results and the type of management and leadership applied in public
    enterprises, and that reflects the importance of this study for actual research in Romania.

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