Ecoforum Journal (University of Suceava, Romania)
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EUROPEAN FUNDS ADJUVANT OF SUSTAINABLE DEVELOPMENT OF ENTREPRENEURSHIP
No full textThe accession of states to the European Union represented an opportunity to reduce the economic gaps, improve the quality of life and entrepreneurial culture, aspects that led to the modernization of the EU countries. The European funds are real support in the revival, support, and development of the entrepreneurial spirit that can be considered a pillar of economic development and growth. Through the Europe 2020 Strategy, the need to promote entrepreneurship has been brought to the attention, which is considered a key factor in achieving smart, sustainable and inclusive growth. European funds are generating prosperity and are seen as a link between entrepreneurship and sustainable development, respectively, between the EU Member States and economic progress
EXCHANGE RATE MOVEMENTS AND STOCK PRICES: A REVIEW OF EMPIRICAL LITERATURE
No full textExchange rate and stock prices has grabbed the attention of researchers and had been a subject of empirical research for some decades now especially in the wake of events like Asian financial crisis and global recession. Exchange rates are said to effect stock prices, while a few argue that stock prices in turn effect exchange rates, this disagreement among the researchers has left the question open for research. This article attempts to review the existing empirical literature available on the subject and separating it into two (1) studies based on causality and Cointegration (2) studies based on volatility spillover. This article also tries to offer brief summary of each study for convenient understanding of researchers. Lastly, new direction for future research has been provided
THE IMPLEMENTATION OF STRUCTURAL REFORMS IN SLOVENIA AND READINESS TO THE NEW ECONOMIC AND FINANCIAL CRISIS
No full textThe last economic and financial crisis from 2008 to 2014 hit Slovenia harder than most other EU Member States. The aim of the paper was to find out in which state Slovenia emerged from the crisis and to determine the current situation with the help of secondary sources. We compared Slovenia with seven EU member states from Central and Eastern Europe (CEE) Eastern Europe, which were most similar to our former political and economic system and which joined the EU in the same year as Slovenia (Czech Republic Estonia, Latvia, Lithuania, Hungary, Poland and Slovakia). We analysed the main socio-economic aspects of the development and on this basis we drew conclusions and guidelines for the future development of Slovenia. We paid special attention to innovation and technological development and examined them in more detail. We used indicators from the international statistical database and data from international surveys to make a comparison between Slovenia and comparable EU Member States from the EU-28 CEE and the EU-28 average. We found that despite accelerating economic growth over the last five years, Slovenia has not eliminated most of its structural deficits and macroeconomic imbalances. To sum up, given the above-average GDP growth, driven mainly by increased foreign demand, Slovenia has forgotten that economic expansion is a cyclical phenomenon and will therefore run out of time for structural changes that will contribute to sustainable and stable economic growth
STATEMENT OF CASH FLOWS FOR SMALL AND MEDIUM-SIZED ENTERPRISES IN ROMANIA
No full textAn entity presents its cash flows from operating, investing and financing activities in a manner that best matches its activity. Classification by activity provides information that allows users to evaluate the impact of the respective activities on the financial position of the entity and the value of cash and cash equivalents. This information can also be used to evaluate the relationships that arise between the respective activities. A single transaction may include cash flows that are classified differently. The value of cash flows from operating activities is a key indicator of the extent to which the entity\u27s activities have generated sufficient cash flows to repay the loans, to maintain the entity\u27s operating capacity, to pay dividends and to make new investments without resorting to external sources of financing. Information on the specific components of historical operating cash flows, along with other information, is useful for forecasting future operating cash flows. They generally result from transactions and other events that determine profit or loss. The research methodology is descriptive and qualitative, making a comparison between the two methods of cash flow: the direct method and the indirect method in the operating activity
COMPARATIVE CONCERNS REGARDING THE ORGANIZATION OF THE ADMINISTRATIVE SYSTEMS IN NEW ZEALAND AND SOUTH AFRICA
No full textThe parallel examination of different states with their government systems is, was and will always be a necessary inurement for their in-depth knowledge and for the discovery of generalized orientations and developments. Regarding this affirmation, in the present article we intend to analyze from a comparative perspective two administrative systems, one from New Zealand and the other from South Africa, to identify the particularities in their organization and the way of functioning and to determine the similarities and differences between them. This research begins with the presentation of main identification data of the states, namely etymological explanations, continuing with the geographical locations and ending with the national emblems and flags. Afterwards, the present study provides insights into the genesis of the mentioned states, presenting brief historical records of how they appeared and developed. According to administrative-territorial organization criteria, New Zealand is divided into non-unitary and unitary regions, containing a territory as well, while South Africa is divided into provinces which, in turn, are divided into districts that are subdivided into local municipalities. From the point of view of the form of government, New Zealand is a unitary parliamentary constitutional monarchy, while South Africa is a unitary parliamentary republic with an executive presidency
Social Capital and SME: A Systematic Literature Review and Research Directions
No full textThis study aims to review past literature on social capital and SME. The paper systematically discusses the literature on social capital and SME between the years 1999 to 2020. The Scopus database was selected to make the literature search process transparent, and the literature survey used social capital and SME as keywords. The PRISMA 2009 helped the selection and exclusion process. During the literature classification, the final 33 articles were used to find the gap and future directions of social capital and SMEs. The results revealed literature on the methodology of the studies, Social capital and SME performance, innovation, and marketing capabilities and CSR-SME relationship. The systematic review recommends that future research may focus more on mixed methodology, the direct relationship between social capital and SME performance in less available research areas, the link between dynamic capabilities (innovation, marketing) of SMEs, social capital CSR-SME relationship, social capital, and family SMEs to remove the existing gaps in the available literature
BUILDING COMPETITIVE ADVANTAGE IN RATTAN PRODUCT INDUSTRIES: EXPLORING PROBLEM AND SOLUTION IN BUSINESS PERSPECTIVE
No full textThis research aims to build the competitive advantage of the rattan product industry through exploration of the problems encountered and develop solutions that can be taken based on a business perspective in developing the rattan product industry. This research was conducted in the rattan product industrial area in the Southeast Sulawesi Province, Indonesia. Research data sourced from informants consisting of; raw material suppliers, industry players, government, consumers and potential consumers, as well as other related parties (banks, capital guarantee institutions, partner institutions). Data collection was carried out using participatory appraisal techniques, in-depth interviews, and focus group discussions (FGD), which were then analyzed qualitatively using Nvivo 12 Plus software. The results showed that there were twenty-four problems in the business perspective encountered in developing the rattan products industry. Therefore, the solutions that can be done in building the competitive advantage of the rattan product industry produced in this study are; efforts are needed to increase the production capacity of the rattan product industry; efforts are also needed to improve the quality of human resources; efforts are needed to improve market access capabilities; and efforts are needed in the development of institutional and industrial partnerships in rattan products
ACCOUNTING INFORMATION IN CONDITIONS OF RISK REGARDING FINANCIAL INSTRUMENTS
No full textThe fast pace of business and the frequent changes in transactions make it impossible to eliminate risks from the financial market. An entity that transacts with financial instruments may be exposed to certain specific risk categories. Under these conditions, the entity is obliged to provide sufficient information to investors in order to determine the degree of risk related to financial instruments. The main objective of the paper is to identify the aspects that characterize the risk hedging operations and to ascertain their influence on the financial position and performance of a company. The orientation towards principles and not towards precise rules allows the improvement of the professional reasoning in the presentation of the information related to the derivative financial instruments
SOCIAL MEDIA FOR THE ORGANIC FOOD CONSUMER’S BEHAVIOUR AND ITS IMPACT UPON THE DEVELOPMENT OF DIGITAL TOOLS FOR SMALL FARMERS IN ROMANIA
No full textThe small entrepreneurship on the Romanian food market is facing a series of concerns closely connected to the particular issues of an emerging economic sector. The entrepreneurial reactions are, quite often, intuitive, fall within a relation with the consumer which has been historically shaped in the zone of merchant behaviour, and barely employ digital technologies for business development. Having as a starting point the correlation between the buyer’s role and digital user’s role of the Romanian consumer, as observed in a questionnaire run nationwide, in the present paper, we aim to identify the development opportunities of the small entrepreneurship on the food market of Romania, through integrated social media technologies. By analysing the dynamics of the purchase behaviour and food consumption, digital culture and pragmatism of the consumer, and also the influence exerted by the supply chains upon the purchase decision, we intend to investigate three main clusters of consumers who believe they purchase organic food and, thus, provide helpful suggestions for small entrepreneurs from this niche sector, who wish to further their development strategies
EVALUATION POLICY IMPACTS OF HOUSEHOLD WASTE MANAGEMENT IN PALEMBANG CITY
No full textThe question of household waste is a complex problem because it adversely affects society with its effects. In addition, lack of public understanding of the consequences that can be inflicted by household waste makes waste management increasingly difficult to be solved. This research aims to observe the policy evaluation impact of household waste management in Palembang City. The research method used by researchers is qualitative research. Data collection techniques through in-depth interviews, observations, and documentation, while supplemented with audio-visual material that allows it to be taken in that field. The finding shows that the domestic of waste management policy in Palembang City has not run effectively. While, in the policy implementation of household waste management, it is necessary for community participation in handling the garbage that is found in its own home. The evaluation of the impact consisting of individual impact and society will be the high volume of household waste in Palembang City that can be solved by reducing the use of disposable goods and plastics. In addition, managed household garbage by doing garbage sorting that corresponds to the type and the formation of Garbage bank as a place to manage the garbage in recycling and economical value