Ecoforum Journal (University of Suceava, Romania)
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FEATURES OF AN INTEGRATED BANKING RISKS MANAGEMENT SYSTEM
No full textIn the context of modern globalization and the financial crisis caused by the Covid pandemic, the integrated risk management system, which is conditioned and based on the international standard of Basel 3, has become widespread in the banking sector. Therefore, it is important to discuss the features and problems of the integrated banking risk management system, as well as to characterize its key elements and tools and to establish the procedures for its implementation in the banking system
MERGERS AND ACQUISITIONS IN EASTERN EUROPE: 1990-2018
No full textIn a context of globalized competition, mergers and acquisitions are presented as effective strategies in front of continues technological changes and rapid growth in global markets, particularly in Eastern European region, which is becoming increasingly important in terms of number and volume of mergers and acquisitions’ operations. Our research work consists in providing descriptive complementary insights to previous research, by analyzing the characteristics of mergers and acquisitions market in this region. Our sample includes all transactions realized between the years 1990 to 2018, collected from the Thomson Reuters Eikon database. The statistics indicate that most transactions are in the financial sector, the country of Turkey is the main target region regarding mergers and acquisitions investments, and approximately all transactions are friendl
FACTORS THAT PREVENT COMMUNITY PARTICIPATION IN SUPPORTING COMMUNITY-BASED ENTERPRISES
No full textCommunity-based entrepreneurship is a type of entrepreneurship that is being focused on today. This type of entrepreneurship is based on the need for community participation in any development process of enterprises. Through getting community support, community-based enterprises can thrive at their best. In addition, community-based enterprises and the community contribute to solving the community\u27s problems and developing economic benefits for both. This study aims to identify the factors that prevent community participation in supporting community-based enterprises in the specific case here of the Vietnamese community in Romania. In this study, fifteen members of the Vietnamese community in Romania were interviewed through a semi-structured questionnaire. The analysis results show that the barriers of geographical distance, time constraints, financial barriers, the barrier of awareness and psychological, and the lack of knowledge play a role in preventing community participation in supporting Vietnamese community-based enterprises in Romania. This study contributes to the theoretical contribution related to the factors influencing community participation for stimulating the entrepreneurship of community-based enterprises. Through this article, stakeholders such as the community, enterprises, and local managers will have solutions to improve the support and ability of communities to help community-based enterprises
SCALE DEVELOPMENT TO MEASURE THE TOURISTS’ ALCOHOL CONSUMPTION EXPERIENCE
No full textWhile the role of alcohol tourism has begun to gain importance in the last decade, little effort has been made to explain what influences the tourist\u27s consumption of alcoholic beverages in a tourist destination and to establish a measurement scale for those influencers. This study followed the systematic procedures of scale development measurement recommended by prior studies. The scale development process yielded a measurement scale with appropriate reliability and content validity. The five underlying influential dimensions of alcohol consumption experience were identified as tourists\u27 knowledge and past experience, choice of alcoholic beverage, choice of drinkscape, social setting and service experience. This is the first study to focus on scale development for measuring the alcoholic beverage experience of a tourist and modelling it to the revisit intention or the willingness to recommend the alcohol consumption or the drinkscapes. The findings and implementations of the developed scale are discussed in terms of both theoretical and managerial implications.
IMPLEMENTATION OF THE RO E-INVOICE ELECTRONIC INVOICING SYSTEM IN THE HORECA FIELD
No full textIn recent years, the Romanian state has implemented legislative measures aimed at aligning national regulations with European ones regarding the issuance and transmission of invoices only by electronic means, at least in relation to public institutions. A public system for sending them where interested companies could send invoices was launched in 2021, being in the testing phase until April 2022, in order to eliminate all problems that could arise in the process of uploading documents in the system, or to identify errors that could result from their validation. Thus, from April of the current year, companies that accepted as a payment method holiday vouchers on paper or holiday cards (which starting from July 2022 will be the only support accepted for this type of vouchers) were forced to transmit to the national e-Invoice system the invoices that were collected in this way. This paper was prepared with the aim of identifying the elements that distinguish an electronic invoice from a classic one, what such a document must contain in order to comply with the substantive conditions and to be considered truthful, what type of commercial relations are concerned and how the process should be carried out under national law.
OPTIMAL ROUTE PLANNING OF TOURISM SPOTS IN TRIPURA, INDIA USING MULTI-TRIP VEHICLE ROUTING PROBLEM
No full textOptimal travel route selection in real time basis minimizes the transportation cost for the tourists and guarantees the ease of travel as well. Accordingly, this paper deals with the problem of selecting the appropriate route selection to visit the identified tourists’ spots in Tripura, India using the vehicle routing problem with time windows. The different tourist spots in the study area are identified from the Tourism Department of the Government of Tripura. This study considers only two cities as the gateway to reach to Tripura. After which, based on Bing map portal, geographic information for all the selected tourist spots is mapped; and one to one distance matrix is prepared considering the identified tourist spots and the two-gateway point of Tripura. The result so derived is compared and contrasted with the traditional route followed by the travel operators of Tripura; and found significant differences in terms of cost of transportation and time spent to visit the different tourist spots in Tripura. Finally, this paper concluded that selection of optimal route for transport network of tourism spots in Tripura, India using multi-trip vehicle routing problem can ensure the ease of travel and satisfaction for the tourists visiting in Tripura, India
ASPECTS RELATED TO ACCESSING FUNDS FOR THE ORGANIZATION OF ARTS FESTIVALS: COMPARISON BETWEEN PUBLIC INSTITUTIONS AND NON-GOVERNMENTAL ORGANIZATIONS
No full textIn the present study, a quantitative research is carried out on the training needs in the field of accessing funds to support some festivals that are organized in the Cluj area, aiming at non-reimbursable financing of cultural actions. Based on the data collected from the questionnaire for the analysis of the financing/development needs of cultural operators relying on a comparison between the experience acquired by public institutions and by non-governmental organizations, we conducted a statistical analysis using the SPSS software package, including the responses of two samples of 30 respondents each, which sought to identify the level of training in the field, as well as the formulation of future training requirements. For necessities linked to the “development support fields”, the results of the survey highlighted a sensitively resembling attitude for the two categories of festivals, as in both cases a request was formulated to train human resources capable of accessing funds from projects, as well as to increase the organizational capacity. In line with the answers of the festival organizers, we concluded that it is mandatory to train and involve organizations in the field of fund accessing as well as to increase the organization’s capacity to gather information and manage the use of the funds throughout the project’s implementation
USING GENETIC ALGORITHMS TO UNIVERSITY TIMETABLING PROBLEM
No full textThe problem of timetabling in universities is an NP-hard problem, which involves a task scheduling activity for certain people based on multiple constraints and a limited number of resources. This paper addresses a complicated issue, that of scheduling academic classes (timetabling). The aim is to find a feasible schedule for the Faculty of Economics, Administration and Business at the University "Stefan cel Mare" in Suceava. The approach focuses on the use of genetic algorithms and has, as its main objective, the minimization of idle time for students who participate in teaching activities
EMPIRICAL STUDY ON THE ROLE OF FINANCIAL AUDIT IN ASSESSING THE RISKS OF MONEY LAUNDERING AND TERRORISM FINANCING
No full textIn recent years, the scale of criminal activity has reached alarming levels and the globalisation of the financial services industry and advances in technology have made the financial aspects of crime increasingly complex. Money laundering and terrorist financing are most often carried out by economic entities. Accounting professionals in general and financial auditors in particular occupy positions that enable them to fight criminal acts of this nature. The overall aim of the research is to assess the extent to which the financial auditor can contribute to the prevention or mitigation of money laundering and terrorist financing at the level of audited companies, following the adoption of legislative changes. More specifically, the first direction of this research consists in identifying and analyzing the variables that characterize the susceptibility of the involvement of companies, listed on the BSE on the regulated market, in acts of money laundering and terrorist financing in the period 2019-2020 by sector of activity. The second direction of the research aims to assess the extent to which the financial auditor can contribute to preventing and combating money laundering and terrorist financing by identifying and reporting the factors of occurrence of risks of this nature as key audit issues. Statistical methods of multivariate data analysis are used to test the research hypotheses.In recent years, the scale of criminal activity has reached alarming levels and the globalisation of the financial services industry and advances in technology have made the financial aspects of crime increasingly complex. Money laundering and terrorist financing are most often carried out by economic entities. Accounting professionals in general and financial auditors in particular occupy positions that enable them to fight criminal acts of this nature. The overall aim of the research is to assess the extent to which the financial auditor can contribute to the prevention or mitigation of money laundering and terrorist financing at the level of audited companies, following the adoption of legislative changes. More specifically, the first direction of this research consists in identifying and analyzing the variables that characterize the susceptibility of the involvement of companies, listed on the BSE on the regulated market, in acts of money laundering and terrorist financing in the period 2019-2020 by sector of activity. The second direction of the research aims to assess the extent to which the financial auditor can contribute to preventing and combating money laundering and terrorist financing by identifying and reporting the factors of occurrence of risks of this nature as key audit issues. Statistical methods of multivariate data analysis are used to test the research hypotheses
