451 research outputs found
Sort by
ABOUT POSSIBILITY OF USAGE METHODOLOGICAL APPROACHES TO BANKRUPTCY PREDICTION
Get PDFAnalysis of the most common foreign methods showed that they were designed to analyze enterprises in the sustainable economic development with low-shadowing of the economy. The most appropriate retrospective analysis results were obtained using Springate model, Lis ratio and Beaver ratio. Domestic methods analysis allows us to conclude that they make it difficult to account criterion of insolvency using a number of factors. Ukrainian researchers, as well as foreigners, use indexes for bankruptcy prediction that are based on convolution values of different insolvency signs. However, we believe that usage of a single indicator as a result doesn’t allow us to make an insolvency diagnosis. The reason is high probability of an erroneous calculation because of the unreliability of the data used. Also, one of domestic methods problems is their orientation to the official statistics that increases the error due to significant domestic shadowing economy
POLISH AND EUROPEAN ECONOMIC CULTURE – A COMPARISON
Get PDFThe term "economic culture" describes historically shaped elements in the general culture of population, concerning values recognized and desired by a particular community, relating to the management and to the economic system of the states. The most important economic cultural behaviors include: awareness of economic choices, attitudes and behaviors of economic choices, the rules of the economic game. There is a theory which assumes that the globalization of the economy will lead to the emergence of a single, common to the whole world culture through enculturation, which is defined as a gradual process of growing of the individual (or group) into the culture or cultures through assimilation of cultural heritage of the surrounding community. More inculturation can be understood as a process of movement between different cultures come into contact and the transmission of cultural patterns. The article is an attempt at presenting the Polish economic culture against the European background and identifying the differences. It discusses the impact of national history and religion on the present shape of economic life, with particular regard to its negative aspects, i.e. the relatively high level of bribery and unemployment or the negative personal attitudes
AUTOMOTIVE MARKET- FROM A GENERAL TO A MARKET SEGMENTATION APPROACH
Get PDFAutomotive market and its corresponding industry are undoubtedly of outmost importance and therefore proper market segmentation is crucial for market players, potential competitors and customers as well. Time has proved that market economic analysis often shown flaws in determining the relevant market, by using solely or mainly the geographic aspect and disregarding the importance of segments on the automotive market. For these reasons we propose a new approach of the automotive market proving the importance of proper market segmentation and defining the strategic groups within the automotive market
THE MAIN DEMOGRAPHICS CHANGES IN THE POPULATION OF BACĂU COUNTY AT THE LAST CENSUS
Get PDFLivestock population and its structure is the starting point for all development strategies at both micro and macro level, reason for which accurate knowledge of it is one of the main objectives of official statistics in each state. The analysis aims to highlight the major changes produced after the 90s in terms of population of Bacău county and its structure, with time effects on economic and social activity. Both the 2002 and 2011 census, Bacău was top of the list with an absolute decrease of the population. This was a concern as it has emerged over time as a stable phenomenon. The main reason for the decrease was due to external migration of the population and secondly because of the internal migration flows of population moving towards large economic centers in the country and abroad that attract labor. As most of the migrants are young and active age groups, this phenomena has led to an aging population and to imbalances that can be observed in the age pyramid, with negative effects becoming larger in the future
PLACING ACCOUNTING AMONG SCIENCES
Get PDFFraming accounting as a science has been carried out in close connection with the development of knowledge in this field and with the meaning given to this concept of “science”. Recognizing accounting as scientific field by specialists is due to the fact that it features a combination of accounting theory and methods for the development and application of these theories. Accounting is a scientific discipline in the social sciences because: it is a creation of the human being in response to practical needs; it reflects phenomena, activities and social facts; it addresses various groups of users (managers, bankers, shareholders, employees, tax bodies, etc.) which are an integral part of society; it offers information necessary to decision-making, most of the times with impact on the behaviour of individuals; it is influenced by the economic, social, legal and political environment, that is by social phenomena
OVERVIEW ABOUT PROJECT QUALITY MANAGEMENT
Get PDFThe purpose of this study is to emphasize the main aspects regarding project quality management. This study tries to present in the comparative manner, different approaches of the main guidelines, international standards and methodologies regarding project quality management (the PMBOK ® Guide elaborated by the Project Management Institute, the PRINCE method elaborated by the British Office of Government Commerce etc.). The PMBOK® Guide describes three elements (processes) of quality management: quality planning (plan quality management), quality assurance (perform quality assurance) and quality control (control quality). The PMBOK approach regarding project quality management is that quality management must lead to achieving and validating project requirements. According the PRINCE method the quality is one of the six variables involved in any project. The PRINCE approach regarding project quality management considers that strategy in this field must lead to achieving just the level of quality needed to achieve in the project and not to ensuring the best quality
THE ROLE OF THE PERFORMANCE DASHBOARD IN THE MANAGEMENT OF MODERN ENTERPRISES
Get PDFNowadays, the management of any modern enterprise requires a real-time information system which should allow the continuous and quick display of the data which is critical in order to control the company in the current economic context. The performance dashboard is such an information system. It is made up of quantity, quality or financial management indicators or, in other words, of greatly significant pieces of information put together, which have immediate meaning for the person reading it. We must take into consideration the fact that the data is extremely dense and it is in continuous movement, being used in forming plans, in supporting decisions and in achieving control. The quality of decision and the achievement of performance depend on the quality of the information supplied. That is the reason why, in order to be useful for the decision-making process, the information must be reliable, up-to-date, complete, pertinent and accessible for the decision makers. Thus, an efficient performance dashboard is the one that allows the assessment and management of performance by means of the progress methods set in the strategy, and that helps the management face the changes and the challenges in the current economic climate
AN ANALYSIS OF THE FISCAL CONVERGENCE CRITERIA IN THE EUROPEAN UNION IN TERMS OF THE SUSTAINABILITY
Get PDFAlthough the convergence criteria in the Maastricht Treaty led to the creation of the EMU and the euro area has resisted more than some of its critics believed, in the context of major macroeconomic imbalances, the issue of nominal convergence has been the subject of numerous research. This paper aims to analyze the capacity of fiscal criteria to reflect the ability of EU Member States to achieve economic development for the integration in the EMU and to comply strict fiscal policy that governing its operation. In the context of certain technical deficiencies of fiscal criteria, we analyzed the developments of budget deficit and gross public debt in the EU during 2000 and 2012. The results show that until 2007 the EU economies were able, overall, to meet the budget deficit criteria, but due to the financial crisis and the prolonged slowdown in economic growth, the fiscal balance had an unfavorable evolution since 2008, while the evolution of the gross public debt has worsened increasingly. Due to this pressure situation on the sustainability of public finances, examining the adoption, application and enforcement of the fiscal policy rules expressed by the evolution of the Fiscal Rule Index for the period 2000-2011, the importance of rules in the fiscal management of the Union and especially of the euro area appears increasingly obvious
EUROPEAN URBANIZATION – BETWEEN STRENGTHS AND RISKS
Get PDFOn the European continent, urban population, representing a significant segment of the market, with features specific to a particular model of purchase, consumption, lifestyle, etc. , has the potential for growth. The possible effects of this increase (strengths or risks), include: increasing opportunities for employment, increasing level and structure of demand for consumer goods and, in conjunction, of the level and structure of supply, raising of the standard of living, changing requirements and personal taste level population, increased interaction, socializing, psycho-social conversions on the recently urbanised population as well as for the people there, etc. but also the increase in demand for land areas intended for dwellings, commercial premises and hence reducing spaces with vegetation, increasing the degree of concentration of the population in a small grounds, effects on air quality, etc. This study highlights dynamic and interdependent effects of European urbanization on the human population, businesses, and the environment
TASK FOR POST-CRISIS IN ROMANIA: THE DEVELOPMENT OF INDUSTRY
Get PDFThe present paper illustrates the role of industry in economic and social development of Romania, in the context of the propagated effects of the contemporary economic and financial crisis and mission that is in the recovery of gaps in relation to EU countries. The dynamic of the industrial sector after 1989, highlighting the continuing decline in its contribution to the GDP formation and changing industry structure in favor of industries producing consumer goods. The situation has changed, however, after the crisis, the industry producing capital goods coming back in force, and hosting the entire sector. Significant is that the development of the Romanian industry must integrate into a viable and sustainable formula, scientific research and technological development with environmental quality. Moreover, the qualitative and quantitative dimensions of industrial development in Romania should be integrated in the dynamic dimensions of the EU, with all the implications and costs derived from this, in the short term. The plea for industrial development in the post-crisis period is supported by the need to ensure a solid foundation for the development of other economic activities specific to the primary and tertiary sectors