Annals of Spiru Haret University
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The classical labour theory of value and the future of American power
Get PDFIn the present article the author makes an eloquent inquiry regarding the current economic and financial crisis and its relationship with the classical labour theory of value. The author realized a full synopsis about economical, social and military evolution of America after the Second World War until nowadays, stressing out the assertion that “the military power is depending on the economic one”.As a conclusion, the author presents some of the key actions and policies strongly needed for The United States in order to remain the preeminent superpower of the world in the 21st century
Bayesian analysis of cartel stability and regime switching
Get PDFEmpirical analysis of collusive regimes typically requires the construction of structural econometric models, with explicit ties to theoretical models of firm behavior in equilibrium. To that end, theory often elicits a wealth of important information regarding the structural parameters, information that is indispensable in accurately identifying desired phenomena, but nevertheless, is inevitably disregarded by classical techniques. Motivated by these considerations, the paper demonstrates how Bayesian methods may be used to better incorporate such structural knowledge through prior probabilistic beliefs. As a result, Bayesian posterior inference provides a clear and precise empirical interpretation of collusive behavior and cartel stability
Evaluating the financiery banking risk
No full textCommercial banks that were formed in Romania after the 1989’s are societies based on stocks and have an universal feature meaning they manage all the products and banking services for all the fields and levels of the branches, sectors and segments of the national economy. There are no narrow specialized banks, at least not in this transition period. For example, before World War II the specialization has gone so far in banking sector that there were particularly organized banks only for loans on mortgage.Banking risks represent a source of unexpected expenses, therefore it is compulsory for a bank to have a proper and an adequate management in order to establish the incomes. This paper presents the importance of the awareness upon a strategic role and a good handling of the banking risks both in dealing with traditional products and services, as well as with new and modern ones.
The business from a macro-social perspective
Get PDFEvery human activity aims at a specific purpose, and way to achieve that goal or misses it shows us how well or how badly that activity is taken place. Sternberg describes the teleopathique like any activity that distorts its intrinsic purpose or pursuing other improper purposes, either aiming to be correct, but with inadequate resources. The medical purpose, for example, is life and patient health. The medical practice becomes teleopathique if, we say, the doctor wants to enrich themselves at the expense of patients (improper purpose) or if they try to cure a patient through a risky surgery, when there is possibility of treatment by the natural methods or by administration of drugs (inadequate resources).
Diverse and educated workforce –requirement in the recovery context
Get PDFThe existence of a highly skilled workforce is a key factor to the new challenges of globalization, population growth, aging, development of new information technologies and the need for appropriate and rational use of resources. Investing in training in terms of ensuring equal opportunities is a requisite for ensuring a healthy, creative and innovative workforce, with appropriate professional skills and knowledge to produce tangible and intangible goods and services that can meet the challenges of economic recovery, being the main driver of innovation and progress. Also, a diverse workforce with varied characteristics, perspectives and ideas, is more effective in today's society where creativity and innovation are essential.
The accounting law and the Globalisation Era
Get PDFThe accounting law appeared as a new procedure together with the globalisation period and the knowledge economy. The accounting information relevance for company patrimony approach is both an economic theoretical issue and an accounting law one. Apart from the norms regarding significance breakeven and economic axiom, contractual aspects are also important. The most precise, organized and significant data can be obtained only from accounting. In this way, managers and administrators would like to get information ignoring the real capacity of accounting as much as possible. For this kind of situations, it is the accounting law that puts things into light.
Brand management in media crisis
Get PDFDue to the turbulent and chaotic economic climate over the entire advertising industry, the TV stations, and particularly those in Romania, face a critical challenge in terms of dealing with an unprecedented crisis within this market. Since the last quarter of 2008, the Romanian advertising market is going through a serious phase of contraction and reconfiguration.One of the causes is the strong connection with the other similar markets within the Central and Eastern Europe, as well as with those from the West, which face the same decline. Several important publications were closed during 2009 and the beginning of 2010, together with higher unemployment in the media sector and major changes of the biggest media groups strategies. This paper aims to portrait the perspective of the TV Brand Managers in the center of a challenging environment, both in the organizations and in the overall market.
Efficacy of internal control and controlling business risks
Get PDFCompanies can gain additional efficiency in designing and implementing or assessing internal control by focusing on only those financial reporting objectives directly applicable to the company’s activities and circumstances, taking a risk based approach to internal control. It is important for any organization to have reliable financial data for internal decision-making purpose. Financial information is often useful in many internal decisions such as product or service pricing. This is why the most important function of the controller is to create and maintain the corporate financial control system. Today’s corporation operates in an increasingly complex environment and the controller’s role is to advice the management of current or future problems of the business environment or to prevent the fraud.
Corruption, fraud and internal control
No full textThe economic crunch created a specific context for activity and profitability failing. The corruption is more and more common in our days. In the same time, the amount of money lost by businesses and the public sector to larger frauds increased last year to unthinkable limits. The shareholders expect the directors to take care to protect their company’s assets. This is why the financial controller has a very important role in each organization. The techniques to detect corruption or a fraud are developing every year. Thus, the introduction of computerized accounting has created the opportunities to conduct very comprehensive tests at relatively little cost. However, the fraudsters became more and more clever, and the controllers are responsible for the prevention and detection of fraud. The procedures that controllers should adopt with regard to fraud depend on the risk that fraud could occur and remain undetected and also the risk of that fraud impairing the truth and fairness of the statement.
The role of strategic planning in relationship marketing
Get PDFThe evolution of relationship marketing has been one of the most talked about, partly because it not only proposed a radical change at the very beginning of the marketing action and philosophy, but also because of its complexity.Among many different issues regarding the relationship marketing, the one referring to the strategic planning process has been very little dealt with among the marketing specialists.The present article discusses this sensitive matter and represents a short insight into this complex dilemma: is planning possible or not when talking about commitment, trust, harmony, empathy with the consumer on a regular basis, during a lifetime relationship?