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ROAD FREIGHT TRANSPORT ENTITIES DEALING WITH THE COVID-19 PANDEMIC
Get PDFThe road transport business has changed dramatically in the previous three years and will confront new problems in the next years. From the start of the pandemic crisis to the current geopolitical and economic uncertainty, industry players have had to constantly come up with new ways to deal with the paradigm shift and support clients. The aim of this paper is to identify, through a comparative analysis of SMEs in the road transport sector, if and how they contribute to job creation and what economic contribution they make in Romania in the context of the pandemic crisis. For this purpose, through the topfirme.com platform, the economic and financial statements of a sample of 100 enterprises were collected for the period 2016-2020. The study suggests that small firms are significantly more willing than medium and big businesses to endure financial troubles and take remedial steps in this context. However, according to the analysis, the group of tiny firms manages to cope well with uncertainties and shifting market trends in the case of the current study, based on the indicators examine
SOME PUBLIC POLICY INSTRUMENTS INITIATED IN ROMANIA IN THE COVID-19 CONTEXT
Get PDFEnsuring the convergence in the process of the Romanian economic and social environment adaptation, to the requirements of internal market of European Union, but also the alignment of public policies with good practices of European Union, led to the emergence of new types of policies and instruments, for different fields of implementation, in the new conjuncture. As a consequence the COVID-19 pandemic crisis, governments all over the world, imposed restrictions intended for the protection of population, with effects on the economic and social life. In Romania, the government\u27s intervention policies consisted of actions aimed at preventing the collapse in the national economy, materialized in plans, programs and measures, supported by laws and Government Decisions, which constitutes as basic instruments of the period 2020-2021. The present paper tries to present, in a synthetic manner, two essential public policy instruments used in Romania, to combat the negative effects caused by pandemic crisis, respectively, National Recovery and Resilience Plan and National Reform Programme 2021. The conclusions and proposals which ends the paper express the essence of the results obtained. The research methodology used was the documentation from specialty literature, focus on significant issues, synthesis and processing of information, through the author’ own interpretation
THE NEXUS BETWEEN IMPORTS AND ECONOMIC GROWTH IN SOUTH AFRICA: A DISAGGREGATED APPROACH
Get PDFIn this study, the causal relationship between disaggregated imports and economic growth is investigated in South Africa. The study was motivated by the need to establish how South Africa can achieve the growth trajectory that is much needed by the country to achieve sustainable development goals. The study applied the autoregressive distributed lag (ARDL) approach to cointegration and the ECM-based Granger causality test on annual time series data covering the period from 1988 to 2021. The findings confirmed a bidirectional causality between all measures of imports and economic growth, thereby confirming the significance of imports in buttressing economic growth. The findings point to the important role that imports play in achieving sustainable growth and development
THE INFLUENCE OF URBANIZATION AND GENDER ON THE HEALTH STATUS IN EUROPEAN UNION
Get PDFIn our endeavor to analyze the influence of urbanization and gender on self-perceived health status among the member states, we started by using an assessment scale, with a score ranging from 1 to 5 points for the 5 levels pertaining to the health status, as well as by determining an average score of the health status for each member state, by gender or by degree of urbanization. Ranking the scores, building Crosstabs and determining the Kendall and Spearman coefficients were the fundamental methods used in analyzing the influence of urbanization and gender on the health status in European Union (EU), and the results confirmed the fact that there is a connection between these variables. Thus, the population living in “cities” (where we have the highest degree of urbanization) tended to rate their health better than the population living in “rural” areas (where we have the lowest degree of urbanization), and the males tended to rate their health better than females
CLUSTERING BASED BIBLIOMETRIC ANALYSIS OF THE BUSINESS PERFORMANCE CONCEPT
Get PDFBusiness performance, as a whole, represents the main concern for financial information users, as a risk assessment tool meant to establish the effectiveness and efficiency of the work performed. Over time, there was an ongoing challenge related to business performance analysis. The purpose of this research is to identify and examine the interdependency relations between the determining factors in the bibliometric analysis of the published literature, when the main topic is business performance. Therefore, to reach this purpose we pursued the following objectives: O1- bibliometric coupling analysis of the scientific papers published on the Web of Sciences and Scopus databases, which addressed the business performance topic by means of clustering; O2 – identifying the correlations between research projects already in place and highlighting research projects not yet approached by researchers, creating new research niches, impacting the development of the performance model applied to current demands
BUSINESS OPPORTUNITIES IN ROMANIA: INFOMEDIARY, LINK BETWEEN GOVERNMENT INSTITUTIONS AND THE BUSINESS ENVIRONMENT
Get PDFIn many fields of activity of the national economy, the legislative basis is one that is constantly changing, being numerous situations in which the impact of legislative initiatives is unfavorable for business environment, and not only that. In this context, the representatives of the business environment, directly affected, can express their opinion by participating in public debates, thus appearing, in their case and for others, the real need for correct, complete, and real-time information in relation to the various events/debates organized by the various public bodies. At this stage, infomediaries intervene providing monitoring, collection, analysis, and synthesis services of data of interest, from different fields of activity, from multiple formal and informal sources found in the virtual environment, offering real support in the involvement of interested parties in the public decision-making process. The article wants, starting from the existing theoretical support in the literature, to highlight the particularities of the specific market in Romania, the emphasis being on identifying the attractiveness of this field of activity and, implicitly, the competitiveness of the active units of the profile
DIGITAL MARKETING IN POST-PANDEMIC CONDITIONS
Get PDFAs the COVID-19 pandemic affected the entire world, companies had to develop new techniques and practices to adapt to digital transformation, there came a need for change, for a restructuring of organizational management policy with reference to marketing and communication processes and strategies, organizational procedures, as well as for an awareness of the new technologies that are the bridge towards the online environment. New innovative technologies are the enablers of efficiency and working time reduction, with a focus on automation and systematization. Our aim is to highlight the impact of digitalization on business marketing, the importance of the company’s position and mentality in relation to the current context, as well as the changes in consumer behaviour. The dynamics and fast pace of current trends changes in marketing increase the need to be open about the implementation and adoption of new communication technologies and tools. In this context, organizations must take into account the remodelling of marketing strategies that should be streamlined taking into account intra-organizational and strategic management challenges. Therefore the study aims to outline the implications of digital marketing on the post-pandemic management of companies, and comes up with suggestions related to the allocation of resources in terms of digitalization, that may have a positive impact on improving operational tasks, effectiveness and efficiency through automation
ASPECTS REGARDING FUNCTIONAL STRATEGIES IN ROMANIAN ORGANIZATIONS
Get PDFThis paper is a theoretical approach of the importance of functional strategies use by organizations in order to reach set targets. Functional strategies are closely linked to the changing competitive environment. Functional strategies may be the competitive advantage of each company. These strategies contribute to the implementation of the integrated business strategy of the company. They are the foundation for achieving the company\u27s strategic intent. Functional strategies clarify the corporate and business strategies of a company or business unit. In contemporary times, these strategies offer a series of more specific details on the way in which key functional areas shall be managed in the near future by operations managers. Through functional strategies, managers make decisions and carry out actions acquiring higher competencies in different business functions (marketing, financial, operational, human resources) in accordance with corporate strategies and on business level. If corporate strategies and strategies on business level are developed by managers, strategies may be prepared for the functional areas of each business unit. The development of functional strategies may fluctuate from formal to informal. Within larger organizations that carry out complex operations there may be several strategies regarding each major function. Smaller organizations may usually function with lesser policies, and most of them may be informal
THE TRANSFER PRICING FILE AND TAX CONTROVERSIES - AN EMPIRICAL STUDY
Get PDFTransfer pricing is a real challenge for both tax regulators and multinationals who use this procedure, in most cases to erode the tax base. The purpose of this paper is to analyse the tax practices and regulations of countries applying OECD transfer pricing regulations. To this end, the profiles of 69 countries on the application of transfer pricing regulations and methods of assessing the transfer pricing file have been analysed. The research results indicate that countries with developed economies and high tax burdens have more rigid transfer pricing tax regulations, the aim of which is to prevent tax evasion through transfer pricing. At the same time, emerging economies with a more lenient tax system do not pay particular attention to transfer pricing, but provide clear regulations on the methods of assessing the transfer pricing case. At the other end of the spectrum there are weakly developed countries, which apply OECD transfer pricing regulations but are flawed in their practical application. The results of the research are of real use both to national and international regulators and to multinationals applying transfer pricing in intra-group transactions
THE EVOLUTION OF THE CAPITAL MARKET IN ROMANIA IN THE CONTEXT OF THE COVID-19 PANDEMIC
Get PDFThe purpose of this study is to emphasize the main aspects regarding the evolution of the capital market in Romania in the context of the COVID-19 pandemic. This study tries to present the main aspects which marked the evolution of the national capital market in the last period. The domestic capital market went through a delicate period during the beginning of 2020, since in times of crisis the stock markets react emotionally and thus, are recorded relatively important fluctuations. Although the COVID-19 pandemic created a lot of uncertainty in the capital market, the end of 2020 brought back optimism among investors. In 2021, the d domestic capital market recovered all the decreases registered in 2020 and ended this year with very good results