bluuebunny/crossref_metadata_2025 huggingface dataset:
Stress and scenario tests in the context of a Romanian non-life insurance company
Authors: Dina Manolache Aurora Elena
Published: December 2019

The main aim of the article is to assess the vulnerabilities and resilience of a Romanian non-life insurance company in the context of different predefined insurance stress scenarios: natural catastrophe scenario and business scenario. The natural catastrophe scenario consists in two distinct scenarios: earthquake and flood, which were carried out separately and aggregated based on three stress factors: increasing by 15% of PML, increasing by 5% of the gross best estimate claim provisions and reinsurer’s incapacity to pay. The business stress scenario was based on four stress parameters: increasing by 3 % of the claims provisions due to the inflation impact, increasing by 10% of the gross earned premium for MTPL due to the legislative changes, increasing by 15% of the claims provisions for MTPL due to the increase of frequency and severity of the losses induced by the exposure growth as a result of the lower premiums and decreasing by 10% of the ceded best estimate. The results of the stress testing shown that the insurer is more sensitive to business scenario compared to natural catastrophe scenario due to the significant exposure on the MTPL line of business. High exposure to earthquake risk is a characteristic for Romania and the stress testing results confirm the vulnerability of the insurer to the earthquake scenario (non-compliance of the solvency capital requirements), due to the biggest impact of the factor: reinsurer’s incapacity to pay. Therefore, the quality of reinsurance is very important for Romanian insurance companies to be able to manage the risks arising from the seismic events and to be compliant with the regulatory solvency capital requirements.
Operational risk assessment at investment funds level
Authors: Baranga Laurentiu Paul
Published: December 2019

The operational risk has been analysed quite recently, both by the academic environment and by financial entities in their practical activity. This new risk has recently been introduced into the “solvency models” provided by the Capital Requirement and Solvency legislation. The “solvency models” are absolute assessment models and are based on the idea of determining an optimal solvency ratio between the level of potential losses associated with the risks a financial entity is exposed to and the level of own funds it holds. Below this optimal ratio it is considered that, in the event of a materialization of the risk, the entity will go bankrupt. In the financial industry there is also a category of financial entities that legally cannot go bankrupt, at worst they may be affected by a galloping decapitalization. This category includes investment and pension funds. Due to the fact that investment and pension funds are managed externally, the operational risk originates at the level of the manager and produces its effects on the assets held by the fund, namely on the unit value of the net asset or on the value of the net asset in case of decapitalization. In order to assess the operational risk of the funds, different approaches to Capital Requirement and Solvency should be applied. In this respect, the classification of funds according to the level of risk to which they are exposed can be done through relative assessment models, and the determination of the loss amount caused by the operational risk can be done by indirect methods. Such relative risk assessment models can also be used by financial/non-financial entities that have legal personality, as a mechanism for controlling absolute assessment models, or as a stand-alone assessment methodology if there is no regulated methodology.
Value management in Blockchain technology related projects
Authors: Chen Kai
Published: December 2019

Because of the development of Bitcoin in recent years, the foundational technology behind it, the Blockchain technology, also begins to attract attention from international banks and companies, and entrepreneurs have developed Blockchain technology related projects not only in financial industries but also other industries. In this dynamic information economic environment nowadays, high-tech economic projects based on Blockchain are very important, and when it comes to the value management more factors have to consider. The research of value management is a long-term subject that brings benefits to projects and the analysis with Blockchain projects is very helpful for start-ups, entrepreneurs as well as stakeholders. The purpose of this study is to analyze the relationship between Blockchain technology projects and value management, and find better ways of value management in Blockchain projects.
Creative and cultural industries in Europe – case study of the performing arts in Romania
Authors: Cetină Iuliana , Bădin Andrei L.
Published: December 2019

Culture is one of the most important aspects of being human alongside education. A very interesting way of approaching the issue of culture is understanding the importance of the art in everyday life. Alan Peacock, one the first pioneers of the term cultural economy, was a man of the arts who understood the importance of culture, not only in life, but in economy. Many writers in the 1960s identified some opportunities in engaging in the cultural and arts industries. As we know, cultural goods have an economic value and an artistic value. The evaluation of artistic goods or products is made only after it is consumed by clients or customers. The world of cultural services is large and forgiving with non-professionals. The use of cultural policies in today’s European Union, United States of America and Asia is very important because of the positive spillover it causes. Creating cultural policies and dedicating funds specifically for this started in the 1980s with the implication of UNESCO. Cultural policies not only help preserve cultural sites and heritage, but offers a broader strategy that envelops both cultural goods and cultural services. The cultural marketing concept refers to the art of using marketing tactics and strategies in order to promote and develop the cultural and artistic industries or sectors. The same instruments are used but the way in which they are used is very different. The performing arts sector is ever changing and it needs a new marketing mix approach to connect to new audiences. Artists need to work closely with business and management professionals in order to have the best representation off stage.
The Enterprise Risk Profile Model and Its Implementation in Reorganised Companies
Authors: Stroie Cristina , Duţescu Adriana
Published: December 2019

Globalization, as a response to the accelerated developments in recent decades, has shifted the world economy to a direction in which the adaptation to uncertainty conditions has been one of the most important manifestations of rational behavior. Human activity has always been subject to risks and uncertainty, and environmental pressure naturally generates selection and adaptation. The risk profile analysis in insolvency proceedings, as an indicator of managerial and financial health, represents a challenge to complement the gaps in the literature, given the limited studies in the field, compared to the bibliography in the field of risk management, for the companies in the economic circuit. This topic is of major importance for all business environments, having in view the disasters generated by economic crises on companies. In terms of judicial reorganization and insolvency proceedings, the situation in Romania proves to be different from the practices in the countries with tradition in this field and we are referring here to the USA, Germany and France. Comparative studies have indicated dysfunctions in the reorganization procedures in Romania, related to the lack of a coercive system to remove the insolvency debtors from the economic circuit, and the lack of models for analyzing the reorganization capacity of companies in insolvency proceedings. Regarding a possible reorganization of a company, creditors do not have approved analysis models in order to vote on reorganization plans and most of the time, at least as far as public creditors are concerned, their vote is negative and unfounded. The purpose of this research is to generate a model of internal risk analysis specific to the companies undergoing insolvency proceedings and of external risks related to the activity sector, a model able to predict the possibility of reorganizing a company undergoing insolvency proceedings. The main tool used is the interview, conducted on a sample of insolvency experts in Romania, with an average experience of approx. 10-20 years in insolvency and reorganization activities. Based on the analysis of the obtained results, we will refine and restructure a model, and then we will test it on a sample of companies undergoing insolvency proceedings.
The impact of the European Directive 2014/95/EU on the energy companies’ disclosures
Authors: Dumitru Valentin-Florentin , Jinga Gabriel , Stănilă Oana Georgiana , Dumitru Mădălina
Published: December 2019

Even though the sustainability reporting is voluntary, companies are increasingly adopting it. There is a multitude of reporting standards used by companies in this regard. Along with the voluntary guidelines, in 2014 was adopted a European Directive which became mandatory for a set of companies. Our research question is which are the changes brought in the reporting of the European companies by the Directive? In doing this, we focus on the energy companies. We selected them because they are environmentally-sensitive. We selected the European energy companies which included a report for last year in the GRI’s database. We downloaded the reports published by the sample companies in the period 2014 – 2017. We selected 2014 as a starting point because it is the year in which the Directive was approved. We selected 2017 because it was the first year in which the ED 2014/95/EU became mandatory. First of all, we extracted the words used in the Directive for writing the names of the indicators. Using NVivo Pro, we searched for the indicators in the selected reports. By analyzing the core indicators for the energy domain, we pursued to identify the sample companies’ commitment to sustainability. The contribution of our study is that it provides an insight into the Directive as a driver which influences the sustainability reporting.
New Methods to Increase the Human Balance and Self Control
Authors: Mândrea Lucian , Curta Ioan
Published: December 2019

Chaos is unfortunately for humans a characteristic of the modern world. It can be seen at all levels. Each individual can abuse permanently in order to succeed in doing different things. These abuses address the own person but also other persons. The abuses reach then through stress and other ways the level of everybody’s health and state. To counterbalance these general tendencies, the authors propose an easy and original method to increase the human general balance. This method is called the method of the wire stretched slowly. It usually increases the general human balance to a level over 99%, but it also contains the possibility to bring the soul of the physical body to its stable position. The measurements show also that all the other parameters are in the optimal zone. The authors also prove with a second set of measurements made by a Bio Well device that we can control the positions of the main energy centers to increase our own self-control. The Bio Well device uses the gas discharge technique to develop the aura visualization. This time the subject, who is the first author of this article, changed his yang and yin at his own desire. He succeeded in moving the position of his first energy center, the lowest of the seven centers, as he wanted. All the measurements are presented maybe for the first time in the world. They are designed in general to show that we can take more care about us, in terms of energy and health, without seeing to doctors. They lead also to an improved physic and psychic state, wanted by everyone. The control of the position of an energy center refers also to the control of the general equilibrium of the body. Of course, these things are very useful in general behavior leading to business excellence and not only.
The role of management accounting systems in sustainable and development strategies
Authors: Nassereddine Hassan , Ahmad Amar Sayed
Published: December 2019

The cycle of corporate measures in line with consideration of apprehensions related to supportable progress and communal and environmental accountability broadens the constraint of routine measurement to take into justification social and environmental gauges. The role of management accounting, historically orientated toward the dimension of economic and financial performance, is consequently questioned in its capacity to evolve towards an integration of these standards into the dimension, management and performance reporting fashions. Environmental control Accounting may be understood as an extension of outmoded management accounting (Anthony 1988, Simons 1995) toward environmental control (Boiral 2007, Renaud 2009). Conversely, several pieces of research tend to indicate that, some distance from integration, we’d rather witness phenomena of loose coupling among monetary, environmental and social performance systems. Management accounting could then be refocused on management and reporting of economic and economic overall performance, even as different functions of the enterprise might be in charge of the social and environmental dimensions of overall performance. This can be seen as an instance of Brunsson’s (1989) thesis on organizational hypocrisy. The purpose of this paper is to look at the position of management accounting structures in sustainable and development techniques. Specifically, it is a concern of interrogating closely the speculation of a decoupling that would bring about the focusing of control accounting systems on the sole scope of financial and economic measures and reporting. The study will use a survey method of quantitative research to examine the impacts of the inclusion of environmental and social dimensions to the management accounting basic functions. It will engage workers of entities working in Lebanon. A survey will examine management accountants’ perceptions about the Environmental Management Accounting. The results will show the possibilities of actions of the environmental management accounting and the arbitration between financial priorities, environmental and social issues and will propose different configurations of environmental management accounting.
The study of Accountants Perceptions of Different Security Systems Adopted in the Public Accounting Sector in Lebanon
Authors: Kassem Ali , Ionescu Bogdan Stefan
Published: December 2019

Public Accounting is one of the very rising sectors in the industry. The aim is to produce bulk of financial information that can be further used for making informed decisions by the stakeholders. The wrong information or might jeopardize the involved businesses and thus it is necessary to protect this sort of information from outside and vulnerable attacks. As, the transparency and accountability of financial statement is very crucial for the stakeholder’s trust as well as the investment, the security of financial information is very essential for the relevance, validity, and reliability of the financial data. However, there is always a lingering risk of security breaches such as brute force attacks to get the information. The main focus of this paper is to examine the security systems and the strategies used by the public accountants in Lebanon to secure the financial data and relevance of financial reports. To carry out this study a quantitative methodology was applied and a survey was conducted with a representative sample of accountants, who are currently employed in the Lebanese governmental sector. The survey questionnaire was prepared to measure their perceptions regarding the security of the public accounting in Lebanon and to also evaluate their efficiency in protecting the data as well as detecting threats. The research conducted is likely to determine the quality of financial data protection in public accounting in Lebanon and suggest possible solutions in increasing security. As, the security measures are an integral part of the IPSAS implementation process this study highly contributes to both the theory of the IPSAS adoption and the practice of aligning local accounting practices in accordance to the international standards by doing exorbitant efforts to strengthen the security management in Lebanon’s Public Accounting Sector.
Understanding the internet banking adoption factors in the Romanian market
Authors: Ganciu Mihaela-Rodica , Neghină Ramona-Alexandra , Mănescu Valentin-Andrei , Simion Petronela-Cristina , Militaru Gheorghe
Published: December 2019

Online banking services create a way to reduce costs, attracting new segments of population and growing the bank performance and improvement of services. Client’s satisfaction is the main benefits of the banks. The aim of the paper is to investigate and to analyze the factors that influence the adoption of internet banking system in Romania. One of the problems faced by consumers using Internet banking is confidentiality. This makes security in transactions to be essential. For this, the main objectives are: identifying critical factors that contribute to the acceptance of internet banking system and the link between them and also identifying the demographic factors that influence the adoption of this system in Romania. The data collection was done by a quantitative research using the questionnaire method as a survey tool and it was made up of questions measured using the Likert scale. It contains variables based on the construct’s relevance to Internet Banking. All assumptions about the relationship between dependent variables and independent variables are developed and tested using multiple reliability, validity, and regression. It was used a statistical software and with it were analised 6 independent variables, named social influence, perceived ease of use, perceived usefulness, perceived risk, perceived confidence and intention to use Internet banking. The attitude toward using Internet banking system will be the dependent variable. To verify the acceptability model’s validity, it was used the Structural Equations Model. The results are partly supported by the developed hypotheses and are presented after the reliability test where Cronbach’s Alpha is calculated suggesting the internal reliability of the consistency for the scale. The significant effect that influences the attitude toward using Internet banking system is represented by the perceived usefulness, the perceived risk, the perceived confidence and the intention to use internet banking.
Impact of ERPS on Organizations’ Financial Performance
Authors: Serhan Ali , Hajj Wissam El
Published: December 2019

In accounting, enterprise resource planning system is the database software package for supporting all corporations’ operations and processes such as marketing, human resources, finance, manufacturing, and several others. ERPS stores different forms of data for various computerized functions in a single database, user interface, and application. Although ERPS were initially utilized by huge manufacturing corporations, they are currently used by all sizes of businesses. Therefore, there is a need to identify the performance advantages that businesses gain from ERPS together with its impact on the performance of a firm. The goal of the research is to offer insights regarding the implementation of ERPS and their influence on organizational performance. The study will determine the benefits of ERPS, identify if there is a reliable or valid performance measurement system that connects ERPS to the performance of the organization, identify if ERPS have a positive effect on the performance of a company in the time periods after implementation and finally set the success factors accountable for the ERPS benefits. Accordingly, the study will establish the effect of ERPS on the performance of a company. The study will be a quantitative research where questionnaires will be used to collect the primary data. Purposive sampling will be used to obtain 50 answers from accounting experts so that to evaluate the effect of ERPS on financial performance and auditing of Lebanese firms. Moreover, financial performance indicators will be used to assess the overall company performance together with supply-chain operations. Quantitative analysis of data will be done through the use of SPSS based on the research objectives.
Multi-organ Transplantation Center in Romania: a story of persuasion for a controverted issue
Authors: Copcă Narcis , Mihăescu-Pinţia Constanța
Published: December 2019

Many countries built their own models of transplantation, collaborating to exchange knowledge and donor organs for effectively help their patients in need. Despite great clinical research on transplantation, literature regarding its management is scarce. Transplantation is quite a controverted issue in Romania, without a culture of donation, within a poor healthcare system. Yet, first attempts were in early 20th century, and modern transplantation started since 1995. There was always a shortage of organs, but after recent press scandals, people became more reluctant to donate, therefore transplantations went down, dramatically impacting patients.Our objective is to emphasize opportunity, need and sustainability for developing a multi-organ transplantation center in Romania, of regional importance, in order to better serve our patient needs in an effective and efficient manner. This research used descriptive analysis, secondary data compilation and review, legislative diagram, case study. Currently there are 68 transplantation centers accredited in Romania with 13,702 transplants accomplished (organs, tissues, cells), at a rate of 19.3/million, covering 19.4 millions of people living just 75.5 years in average (EU=80.2). But 5,400 Romanian patients wait for a transplant, while 550 died waiting... After modernization and building a great surgical center and team, Clinical Hospital St. Maria of 300 beds started complex surgery and successful liver transplantation in 2014, continued with lung transplant in 2018 – Romanian premiere, after many struggles. Next step is a modern multi-organ transplantation center. Vision, persuasion and effective leadership are crucial. Romanian potential for overspecialized surgery is greater than actual practice. Experience indicates that multi-organ transplantation centers are more effective and efficient than separated ones, by concentrating the best specialists, technology, knowledge and resources available for harvest, transplant and care, thus improving health outcomes (donors, successful transplants, lives saved, quality of life), prestige, retention of excellent professionals, and trust in healthcare system, at lower costs than in developed countries.
Conceptual Model of Decision Making Information Used by Managers in Bulgarian Non-hospital Medical Organizations
Authors: Angelova Petya
Published: December 2019

Managerial decision making process is broadly discussed in the specialized literature. There is a great number of views and opinions about the needed prerequisites to achieve better managerial performance. No consensus on the problem has been achieved so far and the universal formula for managerial success is still a chimera. The only point upon which everyone agrees is that the information access is the milestone of an effective decision making process. That was the reason why we decided to investigate what types of information are needed by the managers in Bulgarian non-hospital medical centers to take their managerial decisions. Medical centers are specific organizations which offer specific services. They are highly regulated and this unifies to a great extent the information needs of healthcare managers. Therefore we were able to develop a conceptual model for the decision making process. The model is based on the results of a scientific research which investigates managerial practices of most successful non-hospital healthcare managers in Varna, Bulgaria. The main purpose of the conceptual model is to illustrate the relationships between the basic information needs of the healthcare managers in non-hospital medical care, their managerial decisions and conducted managerial functions. On one hand it gives an opportunity for development of more useful and complete information system for healthcare purposes. On the other hand it can serve to healthcare managers as a good start point for further development of their managerial potential in the needed directions.
Does migration influence corruption in Europe?
Authors: Begu Liviu-Stelian , Davidescu Adriana AnaMaria , Apostu Simona-Andreea , Enache Andreea-Oana
Published: December 2019

Corruption and migration influence the country level of development, so they have been debated and studied for a long time. Has been written a lot about the two phenomena and their relations with many social and economic factors, but the two also influence each other. The higher the level of corruption in a country, the more people will be more likely to migrate and vice versa. This study aims to study the link between the two phenomena considering the countries from Europe, over time, for the period 2008-2016, highlighting the implications in the economy. The variables analyzed are the Corruption Perception Index and the number of emigrants. The methods used are panel regression and cluster analysis and the processing and analysis was performed using the statistical software SAS (version 9.2) and SPSS (version 13 and 25). The findings show that there is a link at European level between the two phenomena, corruption and migration have a similar trend over time, and significant differences are registered between countries.
Repositioning sales as an influence on innovation and a source of sustainable competitive advantage
Authors: Bunea Ovidiu-Iulian
Published: December 2019

The main purpose of this paper was to analyze the relationship between the company’s sales activity, innovation and competitive advantage using a representative sample of firms analyzed in dynamics in 2014-2018 time period. Scientific literature on the determinants of innovation has shown that large firms are more likely to innovate when compared to small firms and that innovation inputs significantly increase innovation output. The types of innovation to which this work refers are process, product, organizational and marketing innovation. Thus, looking at the history and evolution of companies, in terms of financial statement and, more specifically, sales, we can reveal relevant information about their innovation activities and potential sustainable competitive advantage emerging from innovation. Sales can be considered input into the innovation process through the information gathered from customers, thus contributing to the innovation process. For example, when it comes to launching a new product or improving the existing one, sales feedback could be of great help because the salesperson has the ability to collect important customer feedback such as: what are the issues with the present product, what could be improved and how etc. So, we ask: Does sales contribute to the innovation process and gaining sustainable competitive advantage? If so, what happens with the degree of innovation according to the volume of sales, the size of the company, the number of employees? To highlight the relationship between sales, innovation and competitive advantage, and to estimate the predictability of the model, multiple linear regression was used. Thus, the analysis has shown that sales activity positively and significantly influences innovation when it comes to the information that sales can make available, contributing in some cases as a source of sustainable competitive advantage. Research also identified a significant but negative influence between sales, innovation and sustainable competitive advantage when we talk about sales in terms of their volume.
Corporate social entrepreneurship initiatives against food waste – The case of Lidl in Romania
Authors: Cantaragiu Ramona
Published: December 2019

Food waste is one of the major global sustainability issues which, in the last few decades, has come to the attention of numerous organizations which have implemented strategies aimed either at preventing food waste, recovering the food and reusing it for human consumption or ensuring that the food unfit for human consumption is recycled into compost, animal feed etc. Previous studies have highlighted that major retailers share a large portion of the responsibility for combating food waste and that they are particularly well-positioned to contribute with a solution to this issue. Thus, the study explores the ways in which food chain responsibility can be incorporated into the overall strategy of large chain retailers through the theoretical framework of corporate social entrepreneurship. Lidl’s initiative against food waste in Romania provides the background for the discussion of the means through which the resources owned by these chain retailers can be mobilized in order to help increase the amount of food that is recovered and reused for alleviating the problem of food scarcity among disadvantaged groups. The study highlights the aspects that are necessary for a successful corporate social entrepreneurship initiative aimed at reducing food waste: a) a clear articulation of the problem and solution; b) the mobilization of actors from the civil society; c) continuous investment; and d) the alignment of the scaling up strategy of the initiative with the retailer’s resources. The study concludes that a food waste program based on the principles of corporate social entrepreneurship can generate a sustainable competitive advantage for retailers.
Assessing the influence of Information and Communication Technologies on energy productivity
Authors: Chinie Alexandra Catalina
Published: December 2019

The digitalization current is among one of the most relevant factors that currently drive transformation in the economy, with different degrees of impact across the main segments of the economy. As the topic of sustainability is now on the agenda of the biggest economic players, digitalization and the ability to leverage Information and Communication Technology opportunities have been recognized as drivers for innovation and change and a means to reach the sustainability goals. Reaching energy efficiency has been among the main objectives of both the public and the private sectors, leading to an increased interest in recognizing and capitalizing on energy efficiency opportunities. This in turn has an impact on the overall energy productivity, defined as the economic output per unit of energy. While this indicator has relevance at both micro and macro level, it is important to identify which makes some countries perform better than others. In the current economic context, studying how the performance of countries in the digital era correlates with the energy productivity can reveal further information on how it can be improved. The Networked Readiness Index is an indicator which assesses how well a country can capitalize on digital technologies and whether their usage of Information and Communication Technology has a relevant socio-economic impact. This paper analyzes which components that are assessed in a country’s Networked Readiness Index might influence energy productivity. Based on a panel data analysis performed on European countries, the study identifies that the individual usage of Information and Communication Technologies, the business and innovation environment and the usage of ICT by the business segment could have an impact on the energy productivity of a country.
Considerations regarding compliance with the Regulation (EU) 2016/679 (GDPR) in Human Resources Departments
Authors: Calopereanu Monica Florentina , Șuică Marian , Calopereanu Alin Nicușor
Published: December 2019

Most companies and institutions, collect and process personal data about their employees, such as: name, phone number, email address, person’s location information and activities at work, surveillance images from CCTV cameras, - all of these are personal data of individuals. And the list remains open. Consequently, all state or private institutions are affected by REGULATION no. 679 of 27 April 2016 on the protection of individuals with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46 (“GDPR”). In this paper we will present also, some of the past laws available in European Union prior to the approval of the REGULATION no. 679 of 27 April 2016. Those were also important for the life of the European citizens, but they have not been so well implemented and transposed into the legislation of all EU countries, which led in time to the appearance of the new REGULATION no. 679 of 27 April 2016. GDPR has a global impact as its rules are applicable to personal data that concern or describe the behavior of any natural person within the European Union even if the entities collecting and processing personal data are located outside the Union. Through this paper we aim to identify some of the main implications and risks deriving from the application of the GDPR at the level of the Human Resources Departments from the companies operating within the European Union.
Patients’ attitudes toward the use of IoT medical devices: empirical evidence from Romania
Authors: Costea-Marcu Iustina-Cristina , Militaru Gheorghe
Published: December 2019

The Internet of Things (IoT) in healthcare sector is the collection of medical devices and applications that connect through online computer networks. The purpose of this study is to analyse the acceptance of medical devices that are based on IoT technology and monitor the health of individuals/patients. Most IoT medical initiatives have been focused on remote monitoring, improving patient care through various sensors and data processing those measures, for example, patients’ vital signs. In medical services trust plays a key role in the patients’ decision to adopt IoT technologies in medical industry. For this analysis, the Technology Acceptance Model was adopted in order to explain the way users accept and utilize these new medical devices that are based on IoT technology. The model was also used in order to identify those factors that influence the patients’ decision of accepting this technology and also analyse the way they use it. Cross-sectional data were collected from 96 patients through a survey. Data were then analysed by means of multiple regression analysis. The findings verified the research hypotheses. Thus, different securities challenges could face the adoption of the IoT. In addition, privacy requirements are another major challenge in using these technologies. Risks arise where devices and applications are untested, resulting in issues with interoperability, stability, compatibility and data security. For the elderly and people with disabilities, these IoT provisions are very useful in providing autonomy, a personalized approach and permanent monitoring. The theoretical contributions and practical implications of the study are discusses.
The role of Supply Chain in improving competitiveness
Authors: Ghoumrassi Amine , Kabalan Habib , Ţigu Gabriela
Published: December 2019

The international economic environment is witnessing a series of radical transformations, particularly in the marketing field. The liberalization of markets and the international marketplace integration have led to qualitative developments of the economic entities at various levels especially from the technological point of view. These transformations have affected most of the modern world, and Algeria is no exception to that phenomenon. Its economy is witnessing several modifications in order to move towards a modern market economy compliant with the current definition of freedom of exchange. This is the goal that Algeria seeks to reach by adhering to the World Trade Organization, whose rules are based on concept of free market, lawful competition as well as the lifting of major customs barriers. Companies have to exploit all the possibilities and strategies to improve their productivity, management and overall workflow in order to rise above the challenge and succeed in establishing themselves strongly in such a market. In this instance, the supply chain becomes the main symbol of the link between production sites and consumption locations thus making supply chain management one of the most progressive forms of dynamic and integrated management and is considered a main driver of competitive. In this paper, we attempt to prove the importance of the aforementioned concept of supply chain management under the form of a case study that assess the competitiveness of the AURAS mills in Algeria to determine the various elements that are the main contributors to the improvement of the overall position of the company on the market as well as the drivers behind the continuous progress and innovation in management of the dynamic components of the company. We expect to prove that a shift in the structure of the company towards the creation of an autonomous supply chain department will improve the competitiveness of AURAS mills as well as provide a clear development and amelioration path for the overall functioning of the company.
Study on the fiscal behavior at an international level
Authors: Brezeanu Petre , Popa Adriana Florina , Sahlian Daniela Nicoleta , Calopereanu Monica Florentina , Damian Ramona Tatiana
Published: December 2019

Apparently, defining fiscal behavior is a relatively easy approach, but in essence, this concept requires the research of several elements, both economic and psychological. The taxpayer is the component of the tax system that reflects the fiscal policy and, implicitly, its changes. Thus, research in the field has shown that two types of behavior can be identified by combining several economic, psychological, religious or cultural factors: fiscal compliance or fiscal non-compliance. The research ideea may be motivated by the growing importance of tax behavior and compliance subject, especially in the current economic situation, when taxation has become a controversy at any time and in any society, regardless of the degree of democracy. Moreover, tax compliance does not refer only to the economic aspects, but also to the behavioral aspects that influence the process of raising public taxes. The econometric study analyzes the fiscal correlation between the public debt and tax variables such as tax revenues from direct and indirect taxes or social contributions, conected to the dynamics of the gross domestic product and the scale of payments balance. The study is conducted for two groups of countries: developed and emerging countries. The purpose of this research is to identify both the impact of tax revenues on direct, indirect taxes and social contributions, and that of the dynamics of gross domestic product and scale of payments balance on public debt, showing how fiscal behavior is influenced by the two groups of countries and what factors contribute to this.
Protection of personal data at the level of economic structures within companies in Romania
Authors: Calopereanu Monica Florentina , Calopereanu Alin Nicușor , Sahlian Daniela Nicoleta , Popa Adriana Florina , Șuică Marian
Published: December 2019

The accounting profession must comply with the provisions of the Regulation no. 679 of 27 April 2016 on the protection of individuals with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46 (“GDPR”). GDPR requires companies to take mandatory technical and organizational measures to demonstrate that personal data has been secured. Accounting practitioners process personal data and are therefore required to comply with specific legislation in the field of personal data protection. Professionals accountants are directly affected by these provisions as they collect, store and process personal data relating to customers, employees and subcontractors. This article aims to identify the risks and implications that can appear from the application of the GDPR at the level of the economic departments of the companies operating in Romania
Change management within companies
Authors: Paraschiv Dorel , Niţu Maria , Savin Mihai
Published: December 2019

The environment in which a company operates is diverse and demanding, as there are unnoticed variables. In order to ensure success in the transformation process of a company’s management, leaders need to take into account certain factors that will help the company gain competitive advantage. The ability of companies to adapt, start or implement a change will depend to a large extent on the human resources and skills, attitudes and knowledge they hold. So change is an essential component of the evolution process of companies that put effort, time and resources into implementing an advantageous strategy, but, on the other hand, transformation can be the decay of an organization. For such a strategy, managers need to balance all relevant aspects of the organization and the outside, so that they can position themselves to the current realities of the business environment. This article highlights the importance of change management for the companies, the challenges that they encounter in this process, as well as the main models and theories of change management.
Digital transformation trends reshaping companies
Authors: Pînzaru Florina , Zbuchea Alexandra , Viţelar Alexandra
Published: December 2019

Nowadays, the ubiquity of the digital technology and the transformation it brings both within the societies and economies around the globe has become a well-accepted fact. For business is no longer a matter of whether or not to incorporate technology in their daily activity, but a matter how to change their way of approaching, and doing when adapting to digital. The digital transformation has enabled the emergence of new business models, as well as many other changes when it comes to satisfying the customer’s needs and expectations, by creating opportunities for value and sustainability. The present paper highlights all these aspects, emphasizing on how businesses can think about the digital transformation to achieve the highest benefits and create competitive advantage.
Sustainable Entrepreneurship in the Romanian Sports Industry
Authors: Dan Mihaela-Cornelia
Published: December 2019

Sustainable entrepreneurship is a new business driven concept with the aim to increase both social and business value. The three pillars of sustainable entrepreneurship are people, profit and planet. The question that comes frequently in discussion is how businesses can mix these three and bring human beings in a balance with the nature by keeping the profit goal. Sports industry registered a huge increase in the last twenty years, including Romania, especially on the side of amateur sports people, usually employees who are seeing sports activity as a way of reaching the life-work balance and a way of destressing after a hard working day. Sports entrepreneurs observed very quickly the opportunity of this form of spending free time, especially through activities done outside in the nature and started to organize diverse events like mountain marathons, cross biking, duathlons etc. The novelty comes from the fact that many events, especially in Romania, have the component of “planet”. People are participating because e.g. part of the fee is financing ecological or social projects in different regions of the country. The aim of this paper is to analyze the concept of sustainable entrepreneurship in relation with different sports events and answer to some questions. How many organizers take into account the social part of the events? Are they more interested in ecological, social or other type of value? Participants decide where to go based on the social or ecological causes financed? Based on different research methods the author is outlining the typology of sports events at the amateur level in Romania and the interest of combining the profit with the social value goal. The results of the study might be of interest for several groups of stakeholders (public authorities, NGOs, companies, managers etc.) when developing public policies, proposing life-work balance programs and other measures aimed at stimulating sustainable entrepreneurship.
On the court jurisdiction in case of litigation between entrepreneurs
Authors: Cojocaru Cristina
Published: December 2019

According to the Romanian legislation, the parties may agree in writing that the disputes concerning goods and other rights deriving from the non-performance of the contract be judged by other courts that, according to the law, would have territorial jurisdiction to hear the case, unless the competence of the court is exclusive. By decision no. 18/2016 the Romanian High Court of Cassation and Justice, through the competent division to judge the appeal in the interest of the law, decided that in matters of procedural substantive (material) jurisdiction of the specialized courts, the competence of the specialized courts is determined depending on the object or the nature of disputes such as those considered examples by art. 226 paragraph 1 of Law no. 71/2011 on the application of Law no. 287/2009 on Civil Code. Considering also this decision, the article aims to analyze the practical implications of another recent decision of the Romanian supreme court, namely Decision no. 561/2018, on the competence of the specialized court in litigations between entrepreneurs and, without claiming to cover extensively the subject, to offer a view on the Romanian current legal framework, on the court jurisdiction and the notion of professional, underlining the freedom of entrepreneurs or professionals of choosing the relevant court.
The role of the emotional intelligence in the relationship between medical personnel and the patient
Authors: Chicu Nicoleta , Deaconu Alecxandrina , Rasca Lavinia
Published: December 2019

The way we recognize and manage emotions, empathy, stress management, and the ability to build harmonious relationships, or emotional intelligence, are little explored in the medical field, although they have been shown to play a very important role in recovering patients and increasing the degree of their satisfaction with the accessed medical services. The purpose of the research is to highlight, based on the results of an investigation, whether the emotional intelligence of medical staff influences the quality of the medical services offered and patients’ satisfaction. Towards this end, the authors performed a survey based on the emotional intelligence test developed by Daniel Goleman and presented in his book “Emotional Intelligence”, and modified and adapted by Mihaela Roco. The patients included in the sample answered to a questionnaire related to their satisfaction when they used medical services.
An analysis of the impact of the knowledge management technique of e-learning on developing the students’ learning process from ASE Bucharest
Authors: Dincă Violeta Mihaela
Published: December 2019

The paper focuses on providing an academic context that will help to understand better the concepts of knowledge management and e-learning on a university background. The study investigates the use of e-learning tools within the student learning process on 200 respondents (students) from the Bucharest University of Economic Studies. It was based on a survey analyzing in a comparative manner the features and benefits of e-learning versus traditional learning and the outcomes revealed that e-learning should be used in a more frequent and efficient manner as it presents much interest to the students and it can contribute to their research abilities, not only to their final grades for different disciplines.