<abstract xmlns="http://www.w3.org/1999/xhtml">The main objective of the present study is to examine the changes in national tourism supply and to find out whether these changes are quantifiable or not. Research analysis shows that – contrary to our hypotheses/expectations – tourism is relatively weakly connected to places, to the localization of traditional resources. Results reveal how relationships between tourism factors and resources and tourism supply and demand have changed. While tourism trends become more strongly connected to cultural resources, natural resources tend to lose ground. Post-industrial trends – such as the secondary value of the material environment, the reinterpretation of attractions and authenticity, the appearance of new contents and interpretations, etc. – are barely traceable in the Romanian statistical figures on tourism. At the same time, we have not encountered any studies of such extent on Romanian tourism and its resources or any large statistical analyses involving all settlements (all administrative units) from Romania; therefore, the current research can serve to fill this gap and offer new findings on the topic.</abstract>

Tourism with No Resources?

<abstract xmlns="http://www.w3.org/1999/xhtml">The self-employment occupational status has a determinant role in the entrepreneurship development, including generally almost all sectors of the national economy. In this paper, we will focus on this topic. The statistical analysis of this occupational status and its implications on entrepreneurship in Romania in 2015 were considered based on the INSE statistical database, followed by an analysis based on a GEM 2015 (Global Entrepreneurship Monitor) database regarding the main factors influencing early-stage entrepreneurship. To describe the start-up intention and start-up effort, setting out from the literature, we included a set of indicators into the logistic regression analysis as follows: age, income, gender, education, working status, existence of entrepreneur acquaintances, confidence in one’s own knowledge, skill, and experience, completing the set with the presence of self-employment, as new research suggests it.</abstract>

Faculty of Economics and Business Administration, Department of Economics and Business Administration in Hungarian Language

Sapientia Hungarian University of Transylvania

The Influence of Self-Employment on Early-Stage Entrepreneurship in Romania. A Global Entrepreneurship Monitor-Based Analysis

<abstract xmlns="http://www.w3.org/1999/xhtml">Based on the methods used by economic theory, the study analyses the labour demand of companies and pays special attention to people with changed working ability. The European Union emphasizes the development of active employment policy programmes in line with the wide range of benefits linked to additional labour force utilization in our country. Tax liabilities and tax allowances related to additional labour force utilization significantly affect the profitability of companies. For this reason, the study examines the effects of the use of the production factor in certain cases on the profit based on the example of a 25-person company. Despite active employment policy measures, experience shows that the labour demand of companies is less directed towards people with changed working abilities. However, in this situation, besides the estimated lower labour productivity, infrastructural and sociological factors also play an important role.</abstract>

Faculty of Economic Science, Department of Economics and Finance

Faculty of Economic Science, Institution of Regional and Agricultural Economics

The effects of employment policy measures on the labour demand of persons with changed working abilities

<abstract xmlns="http://www.w3.org/1999/xhtml">The study examines the effect of shareholder wealth maximization on investment decision in food and beverage companies listed in Nigeria. To achieve this, seven listed food and beverage companies were selected. The research adopted an ex post facto research design, while purposeful and stratified sampling techniques were used to select seven out of the fifteen companies in the food and beverage subsector. Data for the study were extracted from the annual reports and accounts of the sampled companies from 2008–2017. The result obtained from the regression analysis reveals that earnings per share and market price per share have no significant positive effect on investment decisions, while dividend per share was found to have no significant negative effect on investment decisions. In effect, the study concludes that the unique combination of the identified proxies for shareholder wealth maximization have jointly a significant positive effect on investment decisions. Arising from this, the study recommends that food and beverage companies should improve more on earnings per share, dividend per share, and market price per share so as to attract more investment from shareholders.</abstract>

Shareholder Wealth Maximization and Investment Decisions of Nigerian Food and Beverage Companies

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of the present article is to model and predict the financial failure of non-financial companies listed on the Bucharest Stock Exchange. The prediction models are based on the companies’ financial reports. The paper emphasizes the importance of processing outlier data and the significance of categorical independent variables. The paper contributes to bankruptcy and corporate financial failure research by presenting a Romanian situation. Results show that the model that uses 3-year financial data prior to the failure has a better accuracy. Several models have been compared, and it was found that using categorical independent variables as explanatory variables increased the accuracy of the models against those that used numerical regressors.</abstract>

IPHD in Regional Development, Faculty of Business and Economics

Institute of Finance and Accounting, Faculty of Economic Science

Modelling the Financial Failure of Romanian Stock Companies

AHEAD OF PRINT

Volume 11 (2023): Issue 1 (October 2023)

Volume 10 (2022): Issue 1 (September 2022)

Volume 9 (2021): Issue 1 (September 2021)

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Volume 6 (2018): Issue 1 (December 2018)

Volume 5 (2017): Issue 1 (November 2017)

Volume 4 (2016): Issue 1 (December 2016)

Volume 3 (2015): Issue 1 (December 2015)

Volume 2 (2014): Issue 1 (October 2014)

Volume 1 (2013): Issue 1 (July 2013)

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