rss_2.0Valahian Journal of Economic Studies FeedSciendo RSS Feed for Valahian Journal of Economic Studieshttps://sciendo.com/journal/VJEShttps://www.sciendo.comValahian Journal of Economic Studies 's Coverhttps://sciendo-parsed-data-feed.s3.eu-central-1.amazonaws.com/6005c592e797941b18f26ae0/cover-image.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20210727T014405Z&X-Amz-SignedHeaders=host&X-Amz-Expires=604800&X-Amz-Credential=AKIA6AP2G7AKDOZOEZ7H%2F20210727%2Feu-central-1%2Fs3%2Faws4_request&X-Amz-Signature=73759564aab01a8578fdf3cefd50b2d6c990993cbecaa36a13349a6f56c0c2b1200300The Phenomenon of Climate Change in Organization and HR-Related Literature: A Conceptual Brief Analysishttps://sciendo.com/article/10.2478/vjes-2018-0011<abstract><title style='display:none'>Abstract</title><p>Climate change has become one of the main challenges facing humanity. Over the past decade, this phenomenon, which may have been caused by natural variability and/or human activity, has attracted many scholars from different scientific disciplines to warn of its potential consequences.</p><p>The author of this paper has decided to address the existence of this important phenomenon in organizational literature. However, upon exploring different academic databases, the rarity of research focusing on climate change and its relationship and/or effect on HR or organizational aspects became obvious. Accordingly, the author recommends other HR and organizational scholars devote considerable space to this phenomenon in their field.</p></abstract>ARTICLE2018-09-19T00:00:00.000+00:00Selecting the Right Suppliers in Procurement Process along Supply Chain-a Mathematical Modeling Approachhttps://sciendo.com/article/10.2478/vjes-2018-0005<abstract><title style='display:none'>Abstract</title><p>Procurement management is a function for B2B market and a complex concept based on a continuous buying cycle and supposes: determining the need, taking the decision of buying, identification of sources, selecting and choosing the right suppliers, contracting, and maintaining the relationships with the future contractors.</p><p>Supplier selection is a challenging task along supply chain and is based on some important criteria in order to choose the right supplier and maintain with it a long and prosper relationship. In order to select the right supplier, the buyer may use quantitative and qualitative methods. In this article we present the importance of supplier selection along supply chain and the used criteria to do this. We also present a supplier selection method based on mathematical models, especially on regression function and time series analysis, in order to show that they bring important benefits for the companies which used them.</p></abstract>ARTICLE2018-09-19T00:00:00.000+00:00Integrate CAATS Technologies into Data Selection and Data Analysishttps://sciendo.com/article/10.2478/vjes-2018-0003<abstract><title style='display:none'>Abstract</title><p>This research paper is a study of the application of selection techniques in financial audit, with particular attention to the sampling selection technique, as well as an attempt to find out how to improve them, especially in the current informational context.</p><p>Computer assisted auditing techniques (CAATS) are able to analyze enlarge data volumes to distinguish errors by taking all activities of the economic entity in the audit period.</p></abstract>ARTICLE2018-09-19T00:00:00.000+00:00The Risk of Insolvency and its Impact on Romanian Bankshttps://sciendo.com/article/10.1515/vjes-2016-0012<abstract><title style='display:none'>Abstract</title><p>The new regulations on capital adequacy aimed to strengthen the stability of financial and banking system because a stable banking system contributes to assure a sustainable development with long term beneficial effects on economy.</p><p>This article represents a review of the impact on new higher standards for Romanian banks regarding capital adequacy.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00Management in Agritourism Promotion as an Element of Support Agritourism Services by Local Authoritieshttps://sciendo.com/article/10.1515/vjes-2016-0002<abstract><title style='display:none'>Abstract</title><p>The promotion of agritourism services is a very important factor of agritourism development. Owners of agritourism farms apply different promotional instruments.</p><p>The main objective of the authors’ research is to identify the management methods of promotional activity in agritourism by local authorities in municipalities of the Myslenice County. The region belongs to one of the most touristic attractive parts of Malopolska Province in Poland.</p><p>In order to achieve this ambitious objective, during the summer 2015 the surveys in all nine municipalities belonging to the Myslenice County: Dobczyce, Lubień, Myślenice, Pcim, Raciechowice, Siepraw, Sułkowice, Tokarnia oraz Wiśniowa were conducted. The researches related to the support of local governments in the development of agritourism services with regard to the promotion of agritourism.</p><p>In the theoretical part of the paper the essence and forms of promotion used in agritourism services and other different types of its support by local authorities were presented based on the literature.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00The Efficiency of the Macroeconomic Policieshttps://sciendo.com/article/10.1515/vjes-2016-0005<abstract><title style='display:none'>Abstract</title><p>In the present work, the authors aim to determine the efficiency of the macroeconomic policies by determining the effects of the application of the instruments (revenue change) and finding out the instrument having the highest efficiency.</p><p>In today’s macroeconomic theory and practice, the efficiency level of the macroeconomic policy instrument is measured using multipliers. The different nature of the measurement units used when calculating the multipliers makes it impossible to compare the multipliers in order to establish the more efficient instrument, and for this reason it becomes necessary to use elasticity as an efficiency indicator.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00Return on Investment – Indicator for Measuring the Profitability of Invested Capitalhttps://sciendo.com/article/10.1515/vjes-2016-0010<abstract><title style='display:none'>Abstract</title><p>The decision of investment is a strategic decision and it is an integral part of the general policy of the company. The purpose of this paper is to present the manner in which the ROI (Return on Investment) indicator can be used in the analysis of investment projects.</p><p>Understanding the concept of investment is the first issue addressed. Then ROI is analyzed, highlighting the advantages and limitations of its use. They are addressed the aspects related to the manner in which the size of the ROI indicator is influenced by the method of valuation of assets, but also by the method of calculation of the working capital. The research results can be used by any investor to select based on ROI indicator, an investment project of several possible. As well, ROI may serve after completion of the investment to measure its profitability.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00The Effects of Motivation on Employees Performance in Organizationshttps://sciendo.com/article/10.1515/vjes-2016-0006<abstract><title style='display:none'>Abstract</title><p>Society since ancient times faced with a weak involvement of human resources in organizations. Therefore motivating employees became today an important objective for organizations that want to remain viable on the market today. Motivation of human resources in the organization will bring extra performance to the manager that hopes to reach the organization's goals.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00The Evolution of the Regional Development Policieshttps://sciendo.com/article/10.1515/vjes-2016-0003<abstract><title style='display:none'>Abstract</title><p>Kuklinski (<xref ref-type="bibr" rid="j_vjes-2016-0003_ref_004_w2aab2b8c11b1b7b1ab1ab4Aa">Kuklinski A. 1987</xref>), realized, from an epistemological perspective, a history of the international and interdisciplinary progress in matters of regional policy.</p><p>According to the authors’ conception, an international scientific movement in the domain of regional studies refers to: the examination of the regional studies carried out in different countries to identify the diversity of ideological and intellectual attitudes, the techniques and the motivations.</p><p>Today this phenomenon must be considered from a new perspective in the framework of a global analysis of the different scientific schools which perceive regional studies in particular and original ways.</p><p>A scientific school can be defined as all the activities of a well-organized team, capable of producing, in the course of a long period, a series of relatively important and diversified innovations in three domains: <list list-type="simple"><list-item><label>a)</label><p>theory and research methods;</p></list-item><list-item><label>b)</label><p>empirical knowledge of the existing reality;</p></list-item><list-item><label>c)</label><p>creation of tools and policies in order to transform this reality according to the development goals accepted by a determined epoch and in a determined region.</p></list-item></list></p><p>The main feature of a scientific school is represented by its capacity to innovate a series of theoretical and empirical studies (<xref ref-type="bibr" rid="j_vjes-2016-0003_ref_004_w2aab2b8c11b1b7b1ab1ab4Aa">Kuklinski A. 1987</xref>).</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00Alternative Methods for Business Process Planninghttps://sciendo.com/article/10.1515/vjes-2016-0011<abstract><title style='display:none'>Abstract</title><p>Identifying, analyzing and using the most appropriate and efficient methods for planning business processes is a key to success for every enterprise.</p><p>Our paper are two objectives: to identify the most proper methods used for planning and applying for the same case study. We are looking to demonstrate the methodology of using some software tools and compare the obtained results. The application domain will be the planning of production processes but these methods can be extended to the service processes.</p><p>The methodology is represented by the mathematical models and software applications in this fields, such as Simplex model theory, Solver Excel tools, WinQSE application, linear programming with PL.exe.</p><p>The results of the research have a high applicability level and can be extended in other business fields too.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00The Information Integration in the SMEshttps://sciendo.com/article/10.1515/vjes-2016-0009<abstract><title style='display:none'>Abstract</title><p>The evolution of technology in the field of business has led to the emergence of software programs to facilitate marketing operations, analysis and reporting various activities. Thus, there are programs for the warehouse management of raw materials and finished goods, accounting programs which facilitate the recording of accounting operations, programs for booking income and expenses.</p><p>His work, “Integrated Computer Systems ERP in SMEs” means a coordinated study for completion of undergraduate studies master's degree where we tried along with the graduate to identify ERP solutions available on the market in Romania, and to determine the degree to which SMEs use such computer solutions.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00The Place and Role of Information System in Exercising the Financial Controlhttps://sciendo.com/article/10.1515/vjes-2016-0008<abstract><title style='display:none'>Abstract</title><p>Considering the technological and economic changes over the years, we have found that we are currently witnessing an increase in the information system in the future. In fact, it is found that the information domain has known divergence over time, significantly in practice. Therefore, it is not surprising that the academic recommendations are rarely adopted by practitioners in response to this problem, so it is suggested in the future a turn towards the practice.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00Low-Cost Aerial Transport in Europehttps://sciendo.com/article/10.1515/vjes-2016-0004<abstract><title style='display:none'>Abstract</title><p>Fast and continuous development of the low cost airlines is due to the low prices that have attracted more and more clients. These companies react to the market conditions and search to develop their operating fields towards areas with high potential. Low cost operators are very dynamic meaning that they continuously develop not only their network but also their price strategy. Competition in aerial transport is very tight especially because of low cost lines that attract customers with low charges for the consumers who do not want to invest a lot of money in a plane ticket.</p><p>Airlines industry in Europe is continuously adapted to the reality and conditions of the low cost airlines that consists of most European customers and constantly increase their market.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00Foreign Direct Investments, Open Source to Increase the Participation of Romania within Global Production Networkshttps://sciendo.com/article/10.1515/vjes-2016-0007<abstract><title style='display:none'>Abstract</title><p>The transactions into the international trade of services, today, represent a major component of the international flows of values. This work aims a brief analyze of the Foreign Direct Investments flows’ evolution of the Romanian services economy in terms of volume (as value) and dynamics during the post-crisis years that highlight the Romanian modern economy participation within the global and European production networks level” after 2013 year.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00Using Simulation and Six Sigma to Analyze and Improve Motivation Process of Teachers from Undergraduate Institutionshttps://sciendo.com/article/10.1515/vjes-2016-0001<abstract><title style='display:none'>Abstract</title><p>It is well known that the performance of a person or of an organization depends on the degree of development (skills, competencies, knowledge, experiences) which may be achieved through a continuous process of learning; process which starts in medium schools and can depend on the efforts of teachers, of their commitment, passion, and enthusiasm to obtain results.</p><p>In this article we will analyze the motivation of teachers in providing information and learning to students, their degree of implication and satisfaction in order to motivate students to develop and to obtain results through their different stages of their lives. We will also be using simulation and six sigma (weighted average method, semantic differentiation, and simple percentage technique, regression function and Chi-square test) to analyze and interpret results in order to predict and improve teachers’ motivation, to observe the relationship between variables and to show its importance in obtaining performance.</p></abstract>ARTICLE2017-04-18T00:00:00.000+00:00Entrepreneurial Education - a New Challenge for Universities in Romaniahttps://sciendo.com/article/10.2478/vjes-2018-0018<p>Entrepreneurial spirit plays an increasingly important role in the economic sphere, and universities are meant to play a central role in this process, where the main objective is the continuous development and mediation of the knowledge increasingly geared to the applications through innovation and patenting a secure platform for employment and well-being growth. The Universities have to take a position in if/and how they want to grow into a so-called “University of Entrepreneurship” which is characterized by a high degree of openness to the surrounding society and here we are talking, especially, about, the business sector in Romania. This evolution of expectations for the social role of universities has resulted from increased and recent interest in entrepreneurship and innovation of areas as research and theory of the business environment. The experience gained as teachers indicates that education and entrepreneurship education should include different theories and methodology than those applied in the usual way. The theory of traditional management and microeconomic models could even be a barrier to new thinking and change and, therefore, to the implementation of modern entrepreneurial actions. We want this article to be a source of inspiration for educational institutions and to have a positive contribution to research in business education and to be applicable in business decision-making.</p>ARTICLE2019-03-04T00:00:00.000+00:00The Corelation between Labour Market and Education – Results of a Comparative Study Conducted in the Hungarian, Romanian and British Educational Systemshttps://sciendo.com/article/10.2478/vjes-2018-0014<p>The present study aims at highlighting some of the impacts that labour market an education mutually have on each other both in the context of economies in transition (even if they used to have long historic traditions related to pioneering in instruction and education at mass and elite level) and that of a steady and consequent capitalist state undisturbed by the storms of radical political changes and periods of totally negating the values and results created by former historic eras and communities.</p>ARTICLE2019-03-04T00:00:00.000+00:00The Populist Political Parties and their Overthrow in the Prevalent Orderhttps://sciendo.com/article/10.2478/vjes-2018-0016<p>The world is entering a new international economic order, with clearly different characteristics to the previous one. Apart from the fundamental rotation (every 40-50 years) between the regimes of free trade and protectionism, the decisive difference is the rapid rise of populist parties that are gradually displacing traditional political parties and traditional governments in Europe and the world. This development is the angry response of the victims of globalization, which has created many losers and few winners. Despite some differences among these new political parties, depending on whether they belong to the right or left, they all share certain basic choices, such as closed borders, the return of nationalism, the need for state intervention in the economy, a more equitable distribution of wealth, the demonstration of hostility to elitism and the status quo, the limitation of unregulated stock market economy, the greater emphasis on domestic production and consumption than exports. This status change is important not only from the point of view of mutating from liberal to illiberal democracy, but also from the point of view of the radical economic changes expected at the international and national levels. The main question, which at present cannot be answered, is whether life on the planet Earth will be better or worse as a result of these fundamental changes that penetrate our everyday life.</p>ARTICLE2019-03-04T00:00:00.000+00:00Integrated Reporting in the Context of Corporate Governance. Case study on the Adoption of Integrated Reporting of Romanian Companies listed on BSEhttps://sciendo.com/article/10.2478/vjes-2018-0024<p>Integrated Reporting (IR), the latest approach in corporate reporting, is one of the most discussed topics of the past several years. Recently, companies and companies have realized that the former business model, which was based only on profit-taking without regard to employees, the environment and society, needs to be revised and should take into account wider objectives than financial ones. Therefore, current societies adopt a pluralistic approach and aim to include in their concerns stakeholders’ needs, sustainability, business ethics and transparency. From the aforementioned aspects derives the research question of the present study, aiming in this way to determine the degree of adoption of the integrated reporting of the Romanian companies listed on the Bucharest Stock Exchange, as well as the analysis of the corporate governance reporting degree of the companies included in the study. The results show us the current state of the art for this issue.</p>ARTICLE2019-03-04T00:00:00.000+00:00IoT and EU Law – E-Human Securityhttps://sciendo.com/article/10.2478/vjes-2018-0015<p>The new realities brought on us by the growing usage of IoT devices should be paralleled by new sets of paradigms and regulations, in order to not only accomplish the raise in the living standards of people but also to increase their level of human security. The IoT devices, as well as, in whole, the virtually completely internet connected society we live in today, need strong and clear rules and regulations, need laws that can help maintain and improve the cyber-security level. While being able to electronically track one’s children, by a multitude of IoT and other electronic devices, it is a great and useful feature we have to take into account that the same information, now shared over the internet, might also get into the wrong hands and lead to unpleasant or even dangerous situations.</p>ARTICLE2019-03-04T00:00:00.000+00:00en-us-1