Emerging Markets Economics and Business. Contributions of Young Researchers Proceedings of the 6th Conference of Doctoral Students in Economic Sciences 2 UNIVERSITY OF ORADEA FACULTY OF ECONOMIC SCIENCES Emerging Markets Economics and Business. Contributions of Young Researchers Proceedings of the 6th Conference of Doctoral Students in Economic Sciences No. 3 - December 2015 Editor-in-Chief: Prof.Dr. Alina Badulescu Oradea University Press 2015 3 Scientific Board: Prof. Dr. Laura Mariana Cismaș – West University of Timișoara, Romania Associate Prof. Dr. Adriana Giurgiu – University of Oradea, Romania Prof. Dr. Dongheng Hao – Shijiazhuang University of Economics, China Prof. Dr. Dezhi Liu – Shijiazhuang University of Economics, China Editorial Board: Prof. Dr. habil. Daniel Bădulescu – University of Oradea, Romania Prof. Dr. Mihai Berinde – University of Oradea, Romania Associate Prof. Dr. Olimpia Ban – University of Oradea, Romania Associate Prof. Dr. Ioana Meșter – University of Oradea, Romania Associate Prof. Dr. Adrian Florea – University of Oradea, Romania Assistant Professor Dr. Dorin Bâc – University of Oradea, Romania Reviewers: Prof. Dr. habil. Daniel Bădulescu – University of Oradea, Romania Prof. Dr. Mihai Berinde – University of Oradea, Romania Associate Prof. Dr. Olimpia Ban – University of Oradea, Romania Associate Prof. Dr. Ioana Meșter – University of Oradea, Romania Associate Prof. Dr. Adrian Florea – University of Oradea, Romania Assistant Professor Dr. Dorin Bâc – University of Oradea, Romania Assistant Professor Dr. Mariana Sehleanu – University of Oradea, Romania Assistant Dr. Diana Perțicaș – University of Oradea, Romania Scientific Assistants: PhD.s. Diana Sava – University of Oradea, Romania PhD.s. Felix-Angel Popescu – University of Oradea, Romania PhD.s. Otilia Cadar – University of Oradea, Romania Emerging Markets Economics and Business. Contributions of Young Researchers. Proceedings of the th Conference of Doctoral Students in Economic Sciences No. 3 - December 2015 Editura Universităţii din Oradea este acreditată de CNCSIS, cod 149 / Oradea University Press is accredited by Romanian National Council for Research in Higher Education, code 149 ISBN 978-606-10-1676-1 ISSN 2344 – 6617 ISSN-L 2344 – 6617 Copyright The Authors, 2015. All Rights Reserved. No reproduction, copy or transmission may be made without written permission from the individual authors. Authors are fully responsible for the content of articles. Cover: Cătălin Zmole, Adrian Nicula Text revision: PhD s. Diana Sava, PhD. s. Felix-Angel Popescu, PhD.s. Otilia Cadar 4 TABLE OF CONTENTS PREFACE .................................................................................................................. 9 THE INFLUENCE OF CLIMATE CHANGE PRODUCED BY THE GREENHOUSE EFFECT ON WATER RESOURCES, Petrică Sorin ANGHELUȚĂ, Carmen Georgiana BADEA ................................................................................................... 11 THE INFLUENCE ON THE COMPETITIVENESS OF THE LEVEL OF EDUCATION OF THE HUMAN FACTOR, Carmen Georgiana BADEA, Petrică Sorin ANGHELUȚĂ ................................................................................................. 15 THE UNDERGROUND ECONOMY SEEN FROM THE JUSTICE-TAXATION BINOMIAL PERSPECTIVE, Corneliu-Sorin BAICU ................................................ 19 FROM ENTREPRENEURSHIP TO INTRAPRENEURSHIP. A LITERATURE REVIEW, Otilia CADAR ........................................................................................... 23 ANNUAL FINANCIAL STATEMENTS - SOURCE OF INFORMATION UNDER THE ACCOUNTING INFORMATION SYSTEM AT TRADE ENTITIES, Adrian-Cosmin CARAIMAN .............................................................................................................. 27 THE ROLE OF ECONOMIC DIPLOMACY IN PROMOTING ROMANIA`S ECONOMIC INTERESTS, Cosmina - Ioana CODREAN ........................................ 31 CONCEPTUAL DELIMITATION OF THE TERM EDUCATION, Csaba CSINTALAN34 EDUCATION – PART OF HUMAN CAPITAL. AN ECONOMIC APPROACH, Csaba CSINTALAN, Alina BĂDULESCU ........................................................................... 38 THE RESULTS OF USING EU CROSS BORDER FUNDS - LESSONS LEARNED IN CASE OF COOPERATION BETWEEN ROMANIA AND HUNGARY, Flavius - Cosmin FEIER ......................................................................................................... 42 THE DEFINITION OF SMALL AND MEDIUM ENTERPRISES IN THE IMPROVEMENT PROCESS OF THE BUSINESS ENVIRONMENT, Florin Emil FILIP ........................................................................................................................ 47 MARKETING COMMUNICATIONS ON THE DIY MARKET IN ROMANIA, Mihai- Cosmin FANARU ..................................................................................................... 51 ACCOUNTANCY IN THE CONTINENTAL SYSTEM VS. ACCOUNTANCY IN THE ANGLO-SAXONE SYSTEM, Daniela GEORGESCU ............................................. 56 COMPLYING WITH THE CORPORATE GOVERNANCE GOOD PRACTICES CODE IN THE COMPANIES FROM THE BUSINESS ENVIRONMENT, Alina GAL, Bogdan BÂLC .......................................................................................................... 60 FORMS OF YOUTH TOURISM, Ana Maria GHEŢE .............................................. 64 5 CHILDHOOD DISABILITY WITHIN THE FAMILY AND SOCIAL INCLUSION: A CASE STUDY IN BIHOR COUNTY, Maria HANYECZ-DEBELKA ......................... 68 E-GOVERNANCE AS A WAY OF INNOVATION IN PUBLIC ADMINISTRATION, Lucia KOLOZSI ........................................................................................................ 72 E-GOVERNMENT - BETWEEN EXPECTATIONS AND OPPORTUNITIES. A LITERATURE REVIEW, Calin LUPAU .................................................................... 76 INTANGIBLE ASSETS VALUATION IN INTERNATIONAL ARBITRATION, Mihai BERINDE, Dana PETRICA...................................................................................... 80 THE INFLUENCE OF GENETIC BACKGROUND UPON THE EVOLUTION OF AN ABSTINENT ALCOHOLIC, Ianos-Matyas-Tamas MIHOK-GECZI.......................... 84 DOES HYDROPOWER STILL DOMINATE THE RENEWABLE ELECTRICITY PRODUCTION?, Călin Florin MOCAN .................................................................... 88 OPENING OF CURRENT BANKING MARKETS AND ROLE OF REGULATIONS IN AVOIDING FINANCIAL CONVULSIVE ACTIONS, Anca MITU, Robert-Claudiu HELLVIG, Constantin–Adrian BLANARU ................................................................ 93 MACROECONOMICS AND MACROECONOMIC STABILITY. A LITERATURE REVIEW, Radu Alin MORUȚAN .............................................................................. 99 THEORETICAL AND EMPIRICAL APPROACHES OF SOCIAL ECONOMY IN EUROPE, Lioara Mariana MUDURA ..................................................................... 104 TERRITORIAL COMPETITIVENESS. THEORETICAL APPROACH, Ovidiu MUREŞAN ............................................................................................................. 109 DYNAMICS OF MIGRATION NETWORKS, Adina-Iulia NICOLAE ...................... 113 THE IT MARKET IN CENTRAL AND EASTERN EUROPE (CEE), Loredana PATRUTIU BALTES .............................................................................................. 117 COMPARISON OF ABSORPTION RATES OF STRUCTURAL AND COHESION FUNDS IN CENTRAL AND EASTERN EUROPE DURING 2007-2014 PERIOD, Felix Angel POPESCU .......................................................................................... 122 PERFORMANCE INDICATORS OF TOURIST ACCOMMODATION STRUCTURES, Daniela POPA ROȘCA ............................................................... 127 ENERGY MARKET LIBERALISATION ASSESSMENT IN THE EUROPEAN UNION, Mihaela IONESCU-SAS ........................................................................... 132 ROMANIA’S UNFULFILLED DEVELOPMENT POTENTIAL THROUGH THE CREATIVE SECTOR, Diana Cristina SAVA ......................................................... 138 TRANSPORT INFRASTRUCTURE AND EU FUNDS, Sebastian Dan STURZ ... 142 6 CAPABILITIES OF RESIDENTIAL CHILD PROTECTION SERVICES IN PUBLIC AND PRIVATE INSTITUTIONS OF BIHOR COUNTY, Ildiko SZANTO ................ 147 THE ROLE OF CREATIVE CLASS IN REGIONAL ECONOMIC DEVELOPMENT, Tünde Angéla SILADI-KINTER ............................................................................. 151 THE QUALITY OF THE RESEARCH AND DEVELOPMENT SYSTEM WITHIN EUROPE 2020 STRATEGY: A REVIEW ON ROMANIA, Ana Maria TALMACIU 155 DEVELOPING CUSTOMER RELATIONSHIPS BY USING SOCIAL MEDIA IN THE CASE OF FASHION BRANDS, Daiana Maria TONȚ ........................................... 159 USING SOCIAL MEDIA MARKETING FOR THE DEVELOPMENT OF CUSTOMER RELATIONSHIPS, Daiana Maria TONȚ .......................................... 163 WORKFORCE SHORTAGE, A NEW CHALLENGE FOR ROMANIAN SMES, Mălina Lucia TURCUȚ ........................................................................................... 167 7 8 PREFACE Scientific research in economics presently plays, more than ever, an important role in generating solutions and models of economic and social development. Moreover, in the contemporary world, development is inconceivable in the absence of sustained research and development activities. Undoubtedly, scientific research must be conducted primarily in higher education institutions, in academic and research laboratories. In this context, the scientific research of young people - students, master students and, in particular PhD students - acquires special meanings and its stimulation is a duty of honour to academics and supervisors at all levels.