<abstract xmlns="http://www.w3.org/1999/xhtml">The purpose of corporate governance is to achieve a responsible and value-oriented control of a company. The corporate governance provisions promote and strengthen the confidence of current and future shareholders, creditors, employees, business partners and the general public in national and international markets. For the resilience of financial markets but also for sustainable economic development it is crucial as a governance practice of companies listed on financial markets to be enshrined in the current corporate governance codes’ provisions. Therefore, the approaches of this research bring to the public's attention the conformity of the corporate governance declarations of companies from oil industry that trade shares on the Bucharest Stock Exchange. The results show that, in 2019, the analyzed companies register a high level of compliance with the provisions of the Corporate Governance Code applicable on the Romanian financial market.</abstract>

Consistency of corporate governance statements with the Corporate Governance Code provisions. The case of Romanian oil market

<abstract xmlns="http://www.w3.org/1999/xhtml">Augmented Reality (AR) is a current, sustainable, efficient, and promising tool that will make an essential contribution to the development of the Industry 4.0 revolution. AR technology fully and effectively responds to the current extended digital age, in the last year and in the field of education, of learning at all levels. The applicability of AR technology is varied and complex: retail interior design, health, industry, logistics, etc. This paper show the applicability of AR technology in the learning process, from the perspective of the Industry 4.0 concept, highlighting the sustainable and efficient aspects on the economic performance and not only of the companies. The main conclusion of this research is that the use of modern digital technology (AR and VR) in learning in various fields, including education, must be based on the principles of ROI (Return on Investments) and SROI (Social Return on Investments).</abstract>

Augmented Reality technology - a sustainable element for Industry 4.0

<abstract xmlns="http://www.w3.org/1999/xhtml">The experience of fraudulent financial reporting scandals that shocked American corporate history in the early 2000’s marked a turning point in the evolution of the financial auditing profession, out of a desire to restore investors’ confidence in the integrity of listed companies’ financial information. The establishment of a public supervision authority for audit firms (PCAOB), the establishment of an audit committee for listed companies or the obligation to report on the effectiveness of internal control over financial reporting, among with severe financial sanctions for corporate fraud, are the most representative legislative measures imposed in the US by the Sarbanex-Oxley Act (2002) to achieve this goal. To a large extent, these measures have also been adopted in Community law, most likely under the impetus of similar events, such as the Parmalat case (2003). Here that, at a not appreciable time distance, such a sensitive issue of fraudulent reporting returns to the center of investors’ attention through the case of the German electronic payment processor - Wirecard (2020). The article aims to investigate possible early signals that could have indicated risk factors or circumstances that could have favored fraudulent financial reporting in the case of this issuer. In essence, the research methodology is limited to the application of the Beneish model on the annual financial reports from 2016-2018, in order to assess its validation in relation to the values of the score function (M).</abstract>

Testing early signs of fraudulent financial reporting – case of WIRECARD

<abstract xmlns="http://www.w3.org/1999/xhtml">The COVID-19 crisis, undoubtedly, raised a series of questions concerning aspects of national and human security. The crisis impact, per se, tested, in extremis, the medical systems and the political capacity to take swift decisions needed to protect the population. It is a general accepted thesis that the world will face a second wave of effects: economic and systemic. Regarding the last aspect, the current international system is constructed around many principles among them, relevant for our research are, global governance and national sovereignty. The manner in which the two concepts operate was tested during the pandemic. On one hand the international system of global governance failed to ensure a higher level of human security when facing a crisis. On the other hand, states were left to tackle the effects of the pandemic, more or less alone, as the entire international system was paralyzed. In this context state had to turn to classic concepts of national security, egocentric and protectionist, but needed to ensure one of its fundamental functions – providing the security of its citizens.As others crisis are expected to unfold in a domino like effect, redefining national security will be essential for states and regional organizations. But in this process decisions could collide with assumed international obligations. In this context the article explores this impact of the COVID 19 over the how states define their national security concepts. In this context a special attention will be given, as an example, to the industry sector in the context of the green deal, as European states will be pioneering in implementing new standards in climate protection policies that will affect certain sectors of the economy. Rethinking the national security agenda will certainly face aspects which impose the protection of certain sectors that have a higher negative impact over climate change.</abstract>

GE Palade University of Medicine, Pharmacy Sciences and Technology of Targu Mures

Reshaping European and national security in a post COVID – 19 context

<abstract xmlns="http://www.w3.org/1999/xhtml">The field of luxury has a series of characteristics that allowed a spectacular growth over time, to acquire stability and remarkable recovery power after adverse economic events, including global ones. Associated with extravagance, prestige or elitism, luxury is a need that manifests itself at the level of individuals due to the emotional side that these products highlight. In this paper we conducted a study on the purchase of luxury products among consumers of the Mureș county, mainly aiming to identify the importance and characteristics of the consumption of luxury clothing and accessories.</abstract>

Study on the personal luxury goods market

<abstract xmlns="http://www.w3.org/1999/xhtml">COVID-19 is currently a pandemic of such a magnitude that it affects economy, labour market, society and all aspects of life. Many researchers are currently engaged in examining the issues, challenges and impacts caused by COVID-19. It causes changes of such nature and degree in the economy and labour market that have been unprecedented. In fact, as a result of the pandemic, the operation and composition of the economy and the structure of the labour market will change. The present study examines how Romanian respondents see the impact of COVID-19 on the labour market, employment and on the different sectors of the economy.</abstract>

Sapientia Hungarian University of Transylvania

Faculty of Economics, Károly Ihrig Doctoral School of Management and Business

The effects of COVID-19 on the labour market

AHEAD OF PRINT

Volume 17 (2023): Issue 1 (December 2023)

Volume 16 (2022): Issue 1 (June 2022)

Volume 15 (2021): Issue 2 (December 2021)

Volume 15 (2021): Issue 1 (June 2021)

Volume 14 (2020): Issue 2 (December 2020)

Volume 14 (2020): Issue 1 (June 2020)

Volume 13 (2019): Issue 1 (December 2019)

Acta Marisiensis. Seria Oeconomica

Acta Marisiensis. Seria Oeconomica publishes original scientific works in a variety of economic fields, but priority is given to articles covering topics in areas related to finance, accounting and business. The journal is available both in printed and electronic version. The electronic version is published online and open access. We encourage scientists from anywhere to send original articles for publication. Articles can be submitted in both English and Romanian languages, however for foreign authors we can provide free translation for articles submitted only in English, after the peer review process is finished, if the article is accepted. The journal uses a double-blind peer-review policy. Submitted articles are reviewed for scientific quality and originality. Articles sent are verified using anti-plagiarism software prior to peer-review, and suspicious articles are rejected. The journal covers topics such as: accounting innovations; behavioral studies regarding financial information users; relationship between accounting information systems and other organizational structures and processes; organizational strategies for designing accounting systems; cognitive aspects of decision making, planning and investment appraisal.   Acta Marisiensis. Seria Oeconomica promotes original and quality research in finance, accounting and business-related areas. The main scope is to publish annually articles that have a significant contribution to the theoretical and/or methodological literature on topics specific to the journal’s profile. The editorial policy encourages young researchers and students to publish their significant research findings accomplished during the process of elaborating the dissertation thesis/license papers.  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 