1-THE MONETARY REGIMES AND THE INFLATION DEVELOPMENTS IN THE CENTRAL AND EASTERN EUROPEAN COUNTRIES Magdalena RADULESCU, Doina Elena DASCALU Faculty of Economics, University of Pitesti, Romania, [email protected] Faculty of Economics, Spiru Haret University, Bucharest, Romania
Abstract: This paper aims to presents some considerations regarding some specific monetary regimes adopted in the Central and eastern European countries and the developments of the inflation rate in the frame of these monetary regimes (namely the inflation targeting regime and the Monetary Council regime). The analysis covers both the EU accession moments in 2004 and 2007 and the crisis period started in 2008.
Key words: inflation targeting; Monetary Council; Central and Eastern European countries. JEL Classifications: E31, E42, E52, E58. Pg 3-15
2-COMPARISON OF THE PROFITABILITY OF TOP 1000 FIRMS IN CANADA AND USA Shah SAUD, Waqar BADSHAH Lakehead University, Canada, [email protected] Istanbul Sabahattin Zaim University, Istanbul, Turkey, [email protected]
Abstract: This study examines large Canadian and US firms to decompose the variation of firm profitability into year, industry, year-industry and firm components. Return on Assets (ROA), Return on Equity (ROE) and Return on Sales (ROS) provide three measures of firm profitability. For all three measures and both countries, firm effects provide the biggest contribution to the variability in firm profits with year-industry effects second, year effects third, and industry effects last. These results match those of previous studies. Comparing Canadian and US firms, firm effects explain more of the variation in the profitability of Canadian firms. Finally, the combination of industry, year and firm factors explain more the overall variation in profitability of our sample of Canadian firms than our sample of US firms.
Key words: Return on Equity (ROE), Return on Asset (ROA), Return on Sale (ROS) JEL Classification Codes: F65, G20. Pg. 16-32
3-MOTIVATION AND JOB SATISFACTION OF HUMAN RESOURCES WITHIN AN ORGANIZATION Nicoleta ISAC , Mian Waqar BADSHAH University of Pitesti, Faculty of Economics, Romania, [email protected] Istanbul Sabahattin Zaim University, Istanbul, Turkey, [email protected]
Abstract: The purpose of this paper is of highlighting the link between motivation and job satisfaction. The research was started from a number of assumptions to show that the individual's expectations are related to motivation, while real rewards obtained by acts carried out are related to satisfaction. To achieve this goal was achieved an investigation on 68 employees using questionnaire method. The empirical basis of this paper is the interpretation’ results of all answers, obtained from the applied within the company questionnaire.
Key words: human resources; motivation; job satisfaction. JEL Classification Codes: M220. Pg. 33-40 4- CORPORATE GOVERNANCE – WAY OF GOVERNANCE FOR MODERN COMPANIES Alina HAGIU, Marinela BĂRBULESCU Faculty of Economics, University of Pitesti, Romania, [email protected] Faculty of Economics, University of Piteşti, Romania, [email protected]
Abstract: Through corporate governance is aimed the building of a structure enabling a wide degree of freedom, within the law, and includes several changes of principle in accordance with international standards of transparency. A good governance within an organization mitigate risk, increase performance, pave the way towards financial markets, brings competitive goods and services on market, improves management style, show transparency towards all stakeholders and social responsibility. The lack of some mandatory rules and structures can lead to chaos in business. The paper aims to present the role and the importance of the corporate governance for modern companies, as well as the principles on which this is based. In order to do that we also identified the main ways to quantificate the level of corporate governance, including also the non-financial performance criteria used by investors to assess companies listed on stock exchange.
Key words: corporate governance, performance, quantification, principles, success. JEL Classification Codes: G34, F15, F23.
Pg.41-48
5 THE LABEL - AN ESSENTIAL TOOL FOR KEEPING THE CONSUMER INFORMED AND FOR PROMOTING PRODUCTS IN THE ECONOMIC AREA Victoria-Mihaela BRÎNZEA, Olimpia Elena Mihaela OANCEA Faculty of Economics, University of Pitesti, Romania, mihaelabranzea @ yahoo .com Faculty of Economics, University of Pitesti, Romania, [email protected]
Abstract: The lifestyle and the technology evolution have significantly changed the consumers’ expectations and behaviors for the alimentary products. Paying more attention to health and welfare, consumers are looking for healthy products, which induces a special sensitivity to all information on the packaging and to the guarantees offered by the presence of official signs of quality. The quality of the product itself is undoubtedly the key to success, but before arriving there, the consumer must be convinced that the product should be bought from all the others that are available in the same category, moment at which the visual appearance of the product must fulfill his role. Deepening the analysis, we can say that although the shape, color, packaging originality are particularly important points, finally, the element that will really make the difference for consumers, today, is the label and the containing information.
Key words: label, branding, advertising, nutrition information, design. JEL Classification Codes: M31, M38.
Pg. 49-59
6 SPECIFIC ELEMENTS OF INTERCULTURAL MANAGEMENT Ruxandra GEORGESCU University Valahia Targoviste, Romania, [email protected]
Abstract: The article aims to highlight the structures that influence intercultural management, the link between them and the approach of each one separately in order to understand the mechanisms of cooperation in a group of people of different cultures.
Key words: intercultural management, cultures of management, religion, region JEL Classification: A140
Pg. 60-68 7. ASPECTS OF THE FINANCIAL RISK IN THE ROMANIAN ECONOMY VERSUS THE FRENCH ECONOMY - COMPARATIVE PERSPECTIVE AND ANALYSIS Marinela BĂRBULESCU, Alina HAGIU Faculty of Economics, University of Pitesti, Romania, [email protected] Faculty of Economics, University of Piteşti, Romania, [email protected]
Abstract: Financial risk is characterizing the variability of outcome indicators within the subject of the company's financial structure. A firm's capital structure is: equity and borrowed capital. In the first part of the paper we presented the types of risks that surround us in contemporary economic life, followed by the detailing and analyzing financial risk at the Romanian enterprise level, and in the last part we applied practically the fundamental financial analysis of risk on the French model. The aim of this paper was to present and analyze the most important situations in which the risk is presented in the economy and to offer suggestions and methods by which it’s unwanted effects can be avoided, minimized or controlled, so as to improve human performance.
Key words: financial risk, analysis, perspectives, financial balance. JEL Classification Codes: G32, G38.
Pg. 69-76
8. ECONOMIC GROWTH AND TAXATION IN CENTRAL AND EASTERN EUROPE Cristina BOROVINĂ (COJOCARU) Bucharest University of Economic Studies, Romania, [email protected]
Abstract: In the context of the economic crisis that started in the United States in 2007, economic growth has become of great importance for the countries affected by the crisis further to their confrontation with lower growth rates of GDP per capita. At national level, governments are searching for that mix of optimal economic policies that would revive economies on the upward and also sustainable trend. One of the key policies in this regard, especially for the countries in Central and Eastern Europe which intend to adopt the euro currency, is the tax policy. Its main instruments are taxes. In this paper, we pay special attention to these instruments and to the connection that they have with the economic growth. This paper is divided into three parts. The first part presents a few ideas related to the importance of taxes at national level, the second part is an analysis in terms of taxation of the Central and Eastern Europe countries, while the third part consists of a panel-type assessment of the relation between economic growth and taxation level.
Key words: economic growth, taxes, Central and Eastern Europe JEL Classification: C23, E62, H30, F43. Pg.77-86