Annals of Spiru Haret University
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INTERNATIONALIZATION OF ECONOMIC ACTIVITIES AND GOVERNMENT’S INVOLVEMENT IN THE MARKET ECONOMY
Get PDFExpanding economic relations and creating an international business environment, international business and the internationalization of the commercial transactions across national borders have become a prerequisite for companies, regardless of the activity they carry. Thus, internationalization is seen as a set of strategic methods, techniques and tools necessary to the companies to function abroad. As the effects of – fiscal and monetary – policies on the global demand and supply are unpredictable in time and space, it appears the requirement to substantiate, develop and put into practice a stabilizing strategy. Besides the indexes showing the evolution of the demand and supply, the market can offer economic agents other analysis and decision parameters as well, such as: economic and financial instruments for influencing the behaviour of the business environment.Obviously, the results depend also on how the authorities (legislative and executive, central and local) work for a friendly business environment. There are two mechanisms that can be used for this purpose: fiscal policy (measures to enhance or reduce taxes, dues and public spending) initiated by the Government and approved by Parliament; monetary policy (setting the interest rate and the money supply, respectively of the money stock for a specified period of time) emitted and monitored (supervised) by the National Bank.
CULTURAL DUE DILIGENCE IN M&A. IMPORTANCE OF SOFT RISKS FACTORS
Get PDFDuring the last decades, the corporate world has witnessed a significant rise in the number of cross border mergers and acquisitions (M&As).In cross border M&As, not only different corporate cultures collide, but also different professional and national cultures.The purpose of Cultural Due Diligence (CDD) is to get a coherent image of the intercultural challenges of the M&A in order to be aware of the intercultural risks and opportunities.This article aims to reveal the perception of managers involved in the pre-M&A stage on the soft risks factors that need to be investigated during CDD.This study proposes an appraisal of the most important intercultural issues that need to be considered in M&A.Our contribution to the intercultural aspects of M&A literature consists in improving the current understanding of Cultural Due Diligence content
MEASUREMENT OF INTANGIBLE ASSETS IN RECOVERY AREAS AND OPERATION OF NATURAL RESOURCES
Get PDFThe paper shows that to date, intangible assets are considered "goods" and as such, the practice of classical accounting consider intellectual capital in the same category of "goods equivalent / similar to those visible / tangible". From research that literature on measuring knowledge assets / intellectual capital, both in Romania and worldwide, is not large enough and does not provide finite significant "strong" on classifications semantic of the content and quality issues in the field. The book titled New Economy between knowledge and risk – Infomin Ed., Deva, 2010 (www.infomindeva.ro) (ISBN 978-973-7646-11-8), (Ioan I. Gâf-Deac) presents systematization and classification of original models and methodologies for measuring knowledge assets, intellectual capital in socio-economic sciences, and as such, in this present article resorting to the extension applied to formalizing measurement of intangible assets in areas operation and exploitation of natural resources
The Importance of Financial Management Principles in the State Budget Execution
Get PDFIn the structure of the financial system of each state, one of the most important places is given to the budget, which characterizes the degree of development of budget relations that arise between government bodies and economic entities in the process of distributing gross domestic product. The budget as an instrument of macroeconomic regulation has an impact on the development of social sectors, the functioning and modernization of national defense and law enforcement activities, the development of national economic sectors and the welfare of the society. At the same time, the implementation of budgeted activities of supporting the sectors of the national economy and other activities depends not only on their consideration in drawing up the budget, but also on the quality of its execution.In this paper author determine the possibilities of using the financial management principles in public sector during all stages of state budget execution
The Public Purchases in Romania, A Geopolitical Dynamic of Yesterday and Today Environment
Get PDFThis paper intends to briefly explain how the internal regulations have changed lately concerning the Romanian Public Purchases
STUDENTS’MOTIVATION IN THE TRAINING PROCESS AND ITS RELATIONTO THE REWARDS FROM SUPERIORS FOR GETTING BETTER PERFORMANCE
Get PDFThis article presents a research on the influence of positive reinforcements on the motivation of civilian and military students in the training process and its relation with therewards given from the superiors for getting better performanceat the university. The study is conducted in a real educational environment. The subject of the study is the positive reinforcements and the end results in the training process. The object of the study is cadets in the last year of their education in the Military Science professional field, specialising in Organisation and Management of Military Units at a Tactical Level at the National Military University in Bulgaria. In the course of theoretical research were studied motivational theories of needs, socially acquired knowledge, behavioural, cognitive, psychoanalytic and biological motivational theories.
Foreword
Get PDFIn the middle of 2017, global activity is firming broadly as expected. Manufacturing and trade are picking up, confidence is improving and international financing conditions remain benign. Global growth is projected to strengthen to 2.7 percent in 2017 and 2.9 percent in 2018-19, in line with OECD January forecasts. In emerging market and developing economies (EMDEs), growth is predicted to recover to 4.1 percent in 2017 and reach an average of 4.6 percent in 2018-19, as obstacles to growth in commodity exporters diminish, while activity in commodity importers continues to be robust. Risks to the global outlook remain tilted to the downside. These include increased trade protectionism, elevated economic policy uncertainty, the possibility of financial market disruptions, and, over the longer term, weaker potential growth. ....
EMERGENT GENDER RELATIONS IN FEMALE EMPLOYMENT WITHIN THE SOCIAL STRATIFICATION IN RURAL INDIA
Get PDFThe paper has presented an empirical picture of inequalities, both within and outside the labour market for women, from gender relations emerging within the framework of overlapping social stratification in rural India. Analysis is based on secondary data, where the emphasis is not only on measurement of quantitative variables, but also on the interactions between various qualitative, socio-economic and socio-cultural variables. Main finding of the present study is that the participation of women in labour force varies across economic classes, social groups, religions, regions and the rural urban divide. Factors determining labour supply decisions of women are different from those of men. Interconnectedness of female employment with other social parameters which are outside the realm of the standard labour market analysis gets highlighted in the study
EFFECT OF INVESTOR SENTIMENT ON FUTURE RETURNS IN THE NIGERIAN STOCK MARKET
Get PDFThe study examined the effect of investor sentiment on future returns in the Nigerian stock market. The OLS regression and granger causality techniques were employed for data analyses. The results showed that (1) investor sentiment has a significant positive effect on stock market returns even after control for fundamentals such as Industrial production index, consumer price index and Treasury bill rate; (2) there is a uni-directional causality that runs from change in investor sentiment (ΔCCI) to stock market returns (Rm). Derived finding showed that the inclusion of fundamentals increased the explanatory power of investor sentiment from 3.96% to 33.05%, though at both level, investor sentiment (ΔCCI) has low explanatory power on stock market returns. The study posits existence of a dynamic relationship between investor sentiment and the behaviour of stock future returns in Nigeria such that higher sentiment concurrently leads to higher stock prices.
CONNECTION BETWEEN ECONOMICS, CULTURE AND CULTURAL DIPLOMACY
Get PDFToday, culture is one of the main feeble factors of economic development. The leading role of culture in economic development should be argued as multiplied: so, on firstly, as domestic value, on secondly, as a main factor of regional economic development advanced to raised gravity of different regions for residents, tourists and investors, on thirdly, as major parameters of social development based on tolerance, creativity and knowledge. To the different international experiences, culture is main part of economic development in our life. Cultural diversities are combined into a main reason economic development model. The article consist of explainations about the understanding of culture, cultural diplomacy and economics, approach on conflicts between culture and economics, to find how affecting of culture to economic development, the role of culture in economic development of Azerbaijan. The article can be considered as a useful resource for experts and researchers conducting research in this field