TY - BOOK ID - 91919381 TI - EIB Working Papers 2019/08 - Investment : What Holds Romanian Firms Back? AU - Pal, Rozalia AU - Catalin Dumitrescu, Constantin AU - Stamate, Amalia AU - Wruuck, Patricia AU - European Investment Bank PY - 2019 SN - 9286143605 PB - Luxembourg : European Investment Bank, DB - UniCat KW - Business & Economics / Finance KW - Economics KW - Economic theory KW - Political economy KW - Social sciences KW - Economic man UR - https://www.unicat.be/uniCat?func=search&query=sysid:91919381 AB - In Romania, the share of firms carrying out investment is amongst the lowest in the European Union. This is despite strong economic growth in recent years and persistent needs for upgrading the capital stock in the country. This paper draws on information from two surveys - the EIB Investment Survey and a survey on access to finance conducted by the National Bank of Romania - to analyse the reasons for this subdued corporate investment activity. It also contributes to the debate on why investment in central, eastern and south eastern Europe has remained relatively subdued after the crisis. ER -