Ecoforum Journal (University of Suceava, Romania)
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PRIORITIES OF LOCAL DEVELOPMENT IN PUBLIC MANAGEMENT. EXPERIENCE OF THE ADMINISTRATIVE-TERRITORIAL UNIT CAJVANA CITY, SUCEAVA COUNTY
In the content of this article, we aim to analyze the organization and functioning of the administrative apparatus in the Cajvana City, in order to identify the strategic directions and opportunities for the future development of the respective administrative-territorial unit. The research shows that the strategic development benchmarks of the community in the Cajvana City for the period 2016 - 2022 are: the development of the technical-urban infrastructure and the protection of the environment; increasing the quality of life; creating a competitive and prosperous economic environment; development of the leisure sector. From the interpretation of the answers received from the citizens in a survey based on a questionnaire regarding the future investment projects proposed by the local authority for the development of the Cajvana City, we found that the project "Building water and sewerage networks" is considered very important, and the project "Creation of an information point regarding the financing of European funds" is declared to be unimportant. The analysis shows that at Cajvana Locality level several objectives were achieved, by accessing European funds and financing from their own budget, of which: building a new town hall; school with grades 0-IV Body E of the Technological High School ″Ștefan Cel Mare″ Cajvana; public services building; the arrangement of a green space and a playground
PERCEPTIONS ON ENTREPRENEURIAL START-UP INTENT USING A STUDY BASED ON GLOBAL ENTREPRENEURSHIP MONITOR DATA: EVIDENCE FROM ROMANIA
Entrepreneurship can promote innovation and economic development in a region or country. The importance given to entrepreneurship can be partly explained by the fact that the innovation resulted from the formation of new enterprises is considered the basis for economic growth and development. The objective of this study is to investigate the impact of perceptions of enablers of entrepreneurial intention in Romania. Therefore, using a sample of 2002 surveys from Global Entrepreneurship Monitor from 2015, we measured the influence of perceptions on entrepreneurial intention of Romanian respondents. We tested their effect using also control variables such as: age, income, education, and gender. The empirical results show that perceived opportunities, perceived skills, and role models are important factors in the intention of starting a new business in Romania
BIG DATA A BIG DEAL FOR CAPITAL MARKET COMPANIES IN THEIR TRANSFORMATION PROCESS?
Abstract The following article discusses the importance of using big data, especially in the operation of capital market companies, both in terms of benefits and potential risks. Given the growing dynamic business environment, capital market companies have to transform their operations in order to accommodate the raising demands. Fast business decision making is of particular importance in this process. Structured use of data plays a major role in decision-making, especially as the amount of large digital data in the modern world grows at an unprecedented rate. Author of the article focuses on the statistical and econometric techniques required for the analysis of big data. The article also highlights some use cases and the growing interest of capital market companies in introducing big data analytical technologies and the relevant challenges and benefits. In addition, using so-called "Simpson’s Reversal Paradox" author explains that using big data and digging deep into details might be counterproductive and lead to loss of global picture and wrong decision-making
Stores Instead of factories. From Deindustrialization to Modern Trade - Statistical Analysis of Suceava
Abstract The role of industrialization was to turn Romania from a rather agrarian country into a country with an industrial profile. We can say that the communist period was marked by forced industrialization, which had even created an industrial tradition that characterized the centralized economy of the country. The Romanian retail is currently characterized by an accelerated development, which leads to increased competitiveness, crystallization of modern trade forms, consolidation of modern retail networks and, last but not least, the attainment of attractive profit rates. Today, after the period of the communist regime, characterized by strong industrialization, Suceava has become a powerful trade center. Many malls are located in the place of former factories, which have been left behind or moved out of urban centers. Romanians are doing shopping in over 60 malls today. Most of the modern retail spaces, about 75% of the total, are grouped in Bucharest, Cluj-Napoca, Timisoara, Iasi, Constanta, Craiova and Brasov. In a short time, the area of modern retail space per thousand people became the largest in the country. The paper presents and analyses the transition of Suceava, from a commercial dimension perpetuated since the medieval times until the late nineteenth - early twentieth century to an industrial dimension started, timidly, in the early twentieth century and continued into an advanced form after the Second World War, during the communist regime. The paper also presents the return to a commercial dimension, after the communist regime
ACCOUNTING INFORMATION-SOURCE OF DATA IN THE DECISION PROCESS ON THE FINANCIAL POSITION OF THE COMPANIES IN THE HOTEL SECTOR LISTED ON THE BUCHAREST STOCK EXCHANGE
Abstract: One of the most important concerns of the managers, as a strategic user of the accounting information, is that in the elaboration of the set of financial statements, the accounting principles and procedures are respected, the accounting information is efficient, useful and represents exactly the situation of the economic entity. Through this article, as a main purpose I proposed an analysis of 10 entities in the hotel sector, listed on the Bucharest Stock Exchange, for the period 2013-2018, based on the information in the balance sheet. Thus, by studying the specialized literature, we highlighted the current state of knowledge in the field, then we calculated the indicators global solvency, general liquidity and indebtedness, for the 10 economic entities, to analyze their ability to pay long-term liabilities, short-term liabilities and the risk associated with non-payment of financial commitments on time. The conclusion is that tourism entities are very careful when contracting long-term obligations, as their main source of activity financing. Regarding the degree of indebtedness, the risk associated with the non-payment of the financial commitments on time is low, this avoids the request of external sources of financing, except doing only when major investments occur, implementation of new projects, or other high financial efforts for the entity
RESPONSE TOWARDS CLIMATE CHANGE: A COMPARATIVE STUDY OF SELECT CHAIN OF HOTELS IN NORTH INDIA
The study endeavours the perception of hotel’s managers towards Climate Change. The response was sought from 119 senior and mid-level managers of the different departments of the two chain of hotels namely Taj group and Radisson group located in the northern part of the country (Srinagar, Jammu, Amritsar, Jalandhar and Chandigarh and New Delhi). Descriptive statistics & Independent t -test were applied to analyse the response of select hotels towards various climatic factors like “Perception of Climate Change Impacts on Hotel’s Location; Level of Implementation of UNWTO and UNEP (2008). The findings of the study revealed that Hotel chains (Radisson and Taj) perception with regard to temperature changes is higher in summer as compared to winter temperature and also disclosed that hotel sector has an obligation to react to environmental change and will attempt to react to environmental change regardless of fact whether the administration would support it or not. With regard to the level of implementation measures as suggested by the UNWTO and UNEP for accommodation sector, there are certain measures where the selected hotels have shown low level of implementation. Key Words: Climate Change, Hotel’s manager’s perception, hospitality industr
THE INTERWAR COMMERCIAL HIGH SCHOOLS FROM BOTOȘANI COUNTY AND THEIR ROLE IN DEVELOPING THE ENTREPRENEURSHIP SPIRIT
The leading commercial high schools from Botoșani county, during the interwar period, were The Boys\u27 Commercial High School Botoșani and The Girls’ Commercial High School Botoșani. The two institutions played an important role in creating and developing trade and industry in Botoșani County, preparing the necessary human resource in this area. Another role of the commercial schools was to develop entrepreneurial spirit and economic initiative, through the subjects they taught in these specialized schools. Although they were facing financial difficulties, both local authorities and teachers made efforts to fulfil a high-quality education
SOME CONSIDERATIONS REGARDING THE PRICE SETTING OF MEDICINES IN THE REPUBLIC OF MOLDOVA
In this article, the authors describe some approaches to medicine price formation in the Republic of Moldova. Following the study, we can say that the health system of the Republic of Moldova (Moldova) is part of the social sphere, and medicines are an important element in the treatment of various diseases. Thus, at the same time with the reform actionsand development of the pharmaceutical sector, a high-priority issue is the price setting of medicines, which is influenced by a number of factors. The research was based on the multitude of normative acts and the specialized literature, where the priority problem was established - the development of the pharmaceutical sector. The authors, through this research, using the methods of observation, analysis and deduction, aimed to analyze the normative basis at national level and the literature, to distinguish some problematic aspects in the field, to estimate the current state of medicine pricing quality. In order to achieve this goal the authors used the following methods: analysis, observation, comparison, etc. The following indicators were analyzed in this paper: the indicators on healthcare expenditure in the consolidated budget; the fundraising mechanism to support the activity of the health sector; the dynamics of the development of the medical institutions network in the Republic of Moldova; the mechanism of supply and regulation of medicines
PERFORMANCE MEASUREMENT USING PERFORMANCE INDICATORS WITHIN THE COMPANY
The article presents the general framework for measuring performance at company level, after carrying out a thorough research of managerial accounting. Detailed objectives and how to measure performance as well as performance assessment using performance indicators presented as a study object of managerial accounting through management programmes treated as a single measure, representing return on investment. The article shall also include the assessment of financial performance using financial statements and cash flows situations. The study is theoretically carried out on a company. This article concludes with the authors\u27 conclusions on the measurement and evaluation of performance at company level