35 research outputs found
THE FINANCIAL EQUILIBRIUM AND COMPETITIVENESS WITHIN AGRICULTURAL HOLDINGS
No full textThe paper refers to traditional methods of appreciating the financial equilibriumof the agricultural company, methods based on the study of the company’s financialstatements. As far as financial equilibrium is concerned, we consider that there’s no specificindicator to be analyzed in order to appreciate financial equilibrium due to differentperception the stakeholders have on the enterprise equilibrium. In real life we often see thesame indicator calculated differently according to the objective pursued by the analyst. Thispaper shows the calculation method of the static financial equilibrium indicators, theevolution and the factors leading to the alteration of these indicators, their financialmanagement. It also determines financial equilibrium by financing rates method and assessesfinancial equilibrium using profitableness rates for agricultural holding companies. Itconcludes with the specific factors that affect the financial equilibrium in agriculturalholdings.financial equilibrium, competitiveness, agricultural holdings, indicator
Laser use in endodontic for increase the adhesion of root canal filling a synchrotron radiation micro tomography study
No full textThe aim of the present paper is to explore, through a high-resolution synchrotron radiation-based micro
computed tomography experiment, the efficiency of the Er:YAG laser involvement in the debridement of the
root canal of pathologic teeth, applied after the chemo-mechanical treatment of the canal. The adhesion
quality of root canal filling is the consequence of the root canal cleaning and shaping, thus preventing the
leakage. Twelve extracted single-rooted teeth were considered. The first 5 mm of the roots, corresponding to
the apical region of the teeth, were initially investigated through high-resolution synchrotron radiation phasecontrast
micro computed tomography. Afterwards, a chemo-mechanical endodontic treatment was performed
and the same region of the teeth was imaged again. Finally, an Er:YAG laser with PIPS tip treatment was
applied on the same teeth and a last tomographic scan was done. The chemo-mechanical treatment properly
removed the necrotic tissue only in the upper part of the apical area of root canal, but tissue debris were found
in the lower and partially also in the medium and upper part of the apical region, especially when the apical
area exhibited a larger curvature. The laser treatment applied afterwards gave good results in terms of removing
the debris from the apical area of root canal, mainly when they remained in the main canal. The present study
proves the capability of Er:YAG with PIPS tips laser treatment to enhance the removing of tissue debris from
the apical region of root canals after a chemo-mechanical treatment. The high-resolution synchrotron radiationbased
phase contrast micro computed tomography is the most powerful tool for a non-destructive 3D
investigation method of the root canal morphology analysis and a proper characterization technique for the
assessment of the endodontic treatment
Technical Analysis and Stochastic Properties of Exchange Rate Movements: Empirical Evidence from the Romanian Currency Market
No full textRomanian currency market considering the episodic character of linear and/or nonlinear dependencies, between 1999 and 2008. The main conclusion is that profitability of moving average strategies is not constant over time and that is mainly due to linear and nonlinear episodic dependencies. The trading rule profits did not declined over time in the case of the Romanian currency market. Exploring the causes of profitability, it was found that it was closely related to the intensity of manifestation of episodic linear and nonlinear dependencies, the state of the market, and it was not the result of a time varying risk premium. The empirical results are consistent with the Adaptive Markets Hypothesis (Lo, 2004), but not with the Efficient Market Hypothesis.technical analysis, exchange rate, random walk, episodic dependencies, bicorrelation test
CULTURAL TIGHTNESS-LOOSENESS AND STOCK MARKET INTEGRATION
No full textThis study examines the relationship between Cultural Tightness-Looseness (CTL) and stock market integration, focusing on a sample of 36 markets from 2004 to 2022. The analysis demonstrates that “loose” cultures, characterized by greater social flexibility, exhibit higher levels of financial integration with the global market. This relationship remains robust after controlling for alternative cultural determinants, such as genetic distance and Hofstede’s dimensions. Additionally, the study investigates CTL’s moderating effect on the relationship between global uncertainty and stock market integration. The findings reveal that in “loose” countries, the impact of global uncertainty on integration is less pronounced, suggesting a buffering effect. The results, validated through alternative specifications and robustness tests, extend the literature by identifying CTL as a unique cultural determinant of financial integration, distinct from long-term cultural barriers like genetic distance. These insights have implications for understanding market behavior under varying cultural and uncertainty conditions.
JEL Classifications: F15; F36; G15; O5
IMPACT OF FINANCIAL CRISIS OVER THE COMPANIES OF BET INDEX COMPOSITION
No full textMortgage crisis has affected indirectly three risk levels of the Romanian economy: the currency, external financing and the stock exchange. Foreign exchange market in Romania is of little depth, open to the speculation stormings. Romanian stock indices fefinancial crisis, stock exchange, BET index
The Legal Status of Real Estates in The Land Registry in Case of Unfinished Documents of the General Cadastre
No full textThe real estate advertizing rights are closely linked to the record of the Land Fund. The introduction of law acts and facts concerning the real estates from the same commune in land registry is the object of the real estate advertizing. The real estate advertizing business goal is to ensure free access, with ease and in a timely manner, of all those interested in information on the legal position of the buildings and the creation of an effective safeguards system in the protection of broadcasting rights
Sudden Changes in Volatility - the Case of the Five Financial Investment Companies in Romania
No full textAbstractThis paper studies the sudden changes in volatility of the five most traded shares on the Bucharest Stock Exchange Financial Investment Companies, by using the ICSS algorithm proposed by Inclan and Tiao (1994). Events leading to unexpected changes in variance are predominantly local ones; the only significant global event, with negative influence on the volatility regime is the evolution of foreign markets in 2008-2009, following the global financial crisis. In terms of persistence in volatility, it is found that the false long memory effect is gone when the dummy variables associated to events that have caused sudden changes in volatility are incorporated in the GARCH model
LA CHIESA GRECO-CATTOLICA ROMENA E IL VESCOVO IULIU HIRȚEA SOTTO IL REGIME COMUNISTA
No full textThe Romanian Greek-Catholic Church and the Bishop Iuliu Hirțea under the Communist Regime. The present paper enrolls in the series of documentary restitution of the recent history, particularly focusing on the destiny of the Greek-Catholic Episcopacy of Oradea, taken on the 28th of July 1949 by the priest and teacher Iuliu Hirțea. Amongst Romania’s most recent personalities, the name of the bishop Iuliu Hirțea has its well-deserved place due to his exemplary life that he has chosen to put into the service of the Greek-Catholic Church. Together with the bishops Ioan Ploscaru (1911-1998), Ioan Chertes (1911-1992), Tit Liviu Chinezu (1904-1955), Ioan Dragomir (1905-1985) and Alexandru Todea (1912-2002), Iuliu Hirțea belongs to the second generation of martyr bishops called to serve the Greek-Catholic Church from Romania in the time of the communist regime.
Biserica Greco-Catolică română și episcopul Iuliu Hirțea în timpul regimului comunist. Prezentul studiu se înscrie în seria restituirilor documentare ale istoriei recente, cu o focalizare aparte pe destinul Episcopiei Greco-Catolice de Oradea încredințat la 28 iulie 1949 preotului-profesor dr. Iuliu Hirțea. Între personalitățile istoriei recente a României, numele Episcopului dr. Iuliu Hirțea are un loc bine meritat, datorită exemplarității vieții pe care și-a pus-o în slujirea Bisericii Greco-Catolice. Alături de Episcopii Ioan Ploscaru (1911-1998), Ioan Chertes (1911-1992), Tit Liviu Chinezu (1904-1955), Ioan Dragomir (1905-1985) și Alexandru Todea (1912-2002), Iuliu Hirțea face parte din a doua generație a episcopilor martiri și mărturisitori chemați să servească Biserica Greco-Catolică în perioada regimului comunist.
Cuvinte-cheie: România, Biserica Greco-Catolică, comunism, Iuliu Hirțea, Episcop, Orade
Mică Romă, Papa Te salută! Papa Francisic la Blaj. Beatificarea Episcopilor Martiri. 2 iunie 2019, Editura Buna Vestire, Blaj 2021, pp. 227. Piccola Roma, il Papa Ti saluta! Papa Francesco a Blaj. La Beatificazione dei vescovi Martiri. 2 giugno 2019, Blaj
No full textPiccola Roma, faro di cultura e di spiritualità, Blaj, già modesto villaggio transilvano prevalentemente magiaro, chiamato in ungherese Balázsfalva, si sviluppò su impulso del vescovo Ioan Inochentie Micu Klein (1700-1768) che volle in esso la cattedrale ideata e realizzata da Giovanni Battista Martinelli (1701-1754). E questo piccolo villaggio divenne centro importantissimo per la cultura e la Chiesa greco-cattolica di Transilvania.
Il vescovo Ioan Micu -Klein, spentosi a Roma in esilio, fu fautore e sostenitore inconcusso dei Romeni, come “Quarta Natio”!
Nel tempio, dedicato alla Santissima Trinità un giorno avrebbe trovato riposo anche questo ecclesiastico Ioan Inochentie che aveva gettato il seme della Scuola di Transilvana, la cui salma aveva riposato nella chiesa ucraina greco-cattolica di Roma dei Santi Sergio e Bacco. Trovò riposo, più recentemente, assieme a lui il Cardinale Alexandru Todea (1912-2002), Metropolita della Chiesa greco-cattolica romena, II Cardinale di questa Chiesa
