Annals of Spiru Haret University
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Foreign Currency Transaction, Translation and Performance of Supernational Companies in Nigeria, West Africa
Full text linkThe study examined foreign currency transaction, translation and performance of supernational companies in Nigeria. Specifically, the study examined effect of exchange rate, transaction rate and interest rate on return on asset of supernational companies in Nigeria. In a bid to accomplish this, panel regression analysis of fixed and random effect on five (5) selected supranational companies in Nigeria were employed. The study employed secondary data; the data for the study cover the period 2012 to 2021. The Hausman test carried out showed that fixed effect model is more realistic and produced a better result which was therefore employed in drawing inferences in the study. From the result, exchange rate exhibited significant negative relationship with supernational company’s performance in Nigeria. The finding further revealed that Interest rate has insignificant positive relationship with performance of the supernational companies in Nigeria while the translation rate indicated insignificant negative relationship. Hence, the study concluded that unfavourable movement or adjustment in foreign currency transaction and translation rate affect the performance of supernational companies in Nigeria, especially, when measured performance in term of return on asset. It was recommended that supernational companies should develop a mechanism to hedge against foreign exchange rate exposure caused by unanticipated movement in the exchange rate. More so, this should be supported by sound risk management strategies that can withstand macroeconomic instability especially inflation rate in the host economy
QUALITY MANAGEMENT IN THE ROMANIAN PHARMACEUTICAL FIELD DURING THE COVID-19 PANDEMIC
Full text linkHealth services are very important, as in any economy, because the life of all mankind depends on them. Bearing in mind that the pharmacist is the first and last filter in the medical system, we believe that they have a decisive role in the COVID-19 pandemic. Pharmacists must take extra measures to protect themselves, their families, and the community. All patients can be considered as COVID-positive, but pharmacists will offer them the same services and care as before.In the last 15 years, Romania has faced a complex socio-demographic process.The decrease in the birth rate, the general mortality rate and the emigration of the young population led both to the aging of the working age population and to the decrease of the total population of the country.All this aspect led to the reduction of the population size and required a rethinking of the health services system of social protection, in view of prolonging the active life of the population both from the point of view of the quality of the services offered and of the infrastructural facilities.The consumption of services represents an indicator of the quality of life, which we want to discuss in this article
Techno-globalisation and labour sustainability in an era of the 4th Industrial revolution
Full text linkCapitalism, as it is known is based on the concepts of competition, profit motive, private enterprises (self-interest) and scientific management. These key catalysts set the motion for capitalist expansion, exploration and exploitation. One notable area where capitalism has naturally done exceptionally well based on its characteristics, is within the domain of scientific management, which has spurred technological innovations as well as triggered techno-globalisation. In spite of several warning signs of the impact of techno-globalisation on the sustainability of labour, the world advanced into the 4th Industrial Revolutions, which is also driven by highly sophisticated technological advancements. The 4th IR has unique features, namely, smartphone takeover almost every aspect of business activity; knowledge generation is made possible through big data; robotics may likely replace many human routine activities in the workplace. The new trend will certainly lead to massive job losses as well as create new ones within the industry, which could have detriment effects for labour sustainability. However, some mechanisms have been postulated in this treatise to improve the status quo
Domain-driven design as a choice for software development in projects with complicated business processes
Full text linkThe article explains the critical concepts when using domain-led design as a software development approach. It presents what makes a domain-driven design, how that philosophy came about, the advantages and disadvantages, and when it is best to use it. All the necessary elements that are essential for software designed in this way to succeed, which together form a domain-driven design, are explained in detail. Particular emphasis is placed on the importance of domain-driven design in the case of software in projects with complicated business processes.
The analysis of the financial equilibrium based on the financial balance sheet
No full textAbstract This piece of work aims to highlight the importance of financial balance in the activity of any enterprise. Thus, we will present the financial balance sheet based on the balance count sheet. In order to establish the financial balance within an economic entity, the financial balance indicators must be analyzed, as well as their role in the analysis of the financial position of the economic agents.Keywords: balance sheet, financial sheet, financial equilibrium, working capital, necessary working capital, net treasury.JEL classification: C12, G32
Do CEO Gender and Educational Background affect the financial performance of Hotels in Nigeria?
Full text linkIn recent times, firms or businesses in the Hotel and Tourism industry across the globe have suffered setback financially in terms of patronage and turnover. This is out rightly attributed to the emergence of the invincible enemy – the COVID-19 pandemic. The upper echelon of organization, thus have a role to play in reviving this sector. Against this backdrop, this study examined the impact CEO gender and educational background on the financial performance of hotels in Nigeria. This study sampled three listed hotel in the Nigeria Stock Exchange from 2017 to 2020. Ordinary least squares regression was employed to empirically ascertain the relationship between variables of the study. The study found that CEO gender has no significant impact on the financial performance of Hotels in Nigeria. Secondly, the study found that CEO educational background has positive and significant impact on the financial performance of Hotels in Nigeria. The study recommends that CEO with hotel and tourism educational background should be appointed in hotels in Nigeria to improve the financial performanc
CULTURAL DIFFERENCES IN BUSINESS VALUES PERSPECTIVE AND MANAGER-EMPLOYEE HARMONIZATION
Full text linkIn the research, manager-employee harmony is examined in the perspective of business values. Since manager-employee compatibility is the subject of study in the perspective of work values, the values that emerge as a result of the work values of the managers and employees and the work values of the employees regarding their managers are also determined as a prerequisite, since the fit can be determined and guides the research
Determinants of Forensic Accounting Techniques and Theories: An Empirical Investigation
Full text link This study sought and investigated the determinants of forensic accounting techniques. The data analysed in this study were gathered from both primary and secondary sources. The 120 respondents were purposively selected, which includes forensic accountants, fraud auditors, bankers, forensic investigators, finance enthusiasts, fraud investigators, and those in academia. The data for this study were gathered electronically using an online questionnaire through Google Form. The Google Form analysis was adopted. Secondary data were the existing data, established by seasoned professionals and academics. The data were presented through pie charts, bar chats, and descriptions. The study shows that the nature of fraud under investigation which includes the level of crime perpetrated, how much involved, stages, complexity, and who is involved are the determinant of techniques to be applied to fraud examination. Also, other factors such as criminal evidence, the expertise and experience of the examiner, organisational policies, and the risks involved determine what techniques to be applied to forensic investigations. Data mining emerged as the most appropriate technique for fraud investigation, however, the combination of two or more techniques is advised for forensic accountants, forensic legal practitioners, and all other similar parties. This study recommends the need for stakeholders to engage, recruit, and employ the services of a forensic accountant to review, strengthen, reappraise records and internal control systems on a routine basis; Organisations should train employees on the dynamics and scope of financial crimes, the legal environment, fraud prevention, and ethical issues
CRITICAL EVALUATION OF EU MIGRATION POLICY IN CRISIS AGENDA WITHIN FRAMEWORK OF BORDER MANAGEMENT
Full text linkIf we try to define the concept of migration, which is one of the critical issues faced by all countries today, we will see that it is more a search for innovation stemming from a "problem", and this process has tried to preserve this feature from the very beginning of history until today. When we open the concept of "problem" here, it can be seen that sometimes there can be a direct threat to human existence, such as natural disaster, war, oppression and persecution, and sometimes this process can occur for personal reasons, such as unemployment, the desire for a better life. At the same time, the issue of migration can be considered optional as well as mandatory within the framework of interstate agreements and various difficulties experienced. It is known that the migration crisis observed in 2015 as a result of the fragmentation trend among the member states turned into an integration crisis in the EU migration policy. In this regard, this study aims to reveal the validity of independent national policy requirements by analyzing them. The secondary data methods have applied for this study by using different official sources from EU and other statistical sources. With this aim, the evaluation of the EU's migration policy goals, financial, legal and institutional tools in the context of inter-national and intergovernmental tension in the example of border management is considered as the main final goal of the study
Aspects of Career Management and Success in Educational Organizations
Full text linkA modern educational institution should create the necessary conditions for the integration and development of the personal and professional competences of the teachers in order to obtain a successful career. In the current context of the educational system in the Republic of Moldova and Romania, the capitalization of human resources is a priority objective of the managers of educational institutions. The difficulties they face, the constantly changing educational reforms, the unpredictable and challenging situations are known partially or impartially theoretically and practically by teachers who are beginning to integrate into the institution, and the process of insertion from educational institutions is often not effective. We will analyse the characteristics of a successful career but also the motivation for achievement as an important component of the professionalization process, teachers thus tending to pursue challenging careers, complex enough, but not so difficult as to end in failure. Therefore, if professional motivation is an important endeavor, because it starts from the idea that a large part of everyone's life spends at work, performance denotes the achievement and ability of the teacher to respond to tasks and to be a model for those in the organization when it comes to involvement and responsibility