The affirmation of multinational companies from emerging economies in the global economic area is often discussed as one of the significant trends in recent decades. Traditionally, literature on IB has developed a vein around the issue of multinational companies from developed economies. However, multinational companies from emerging economies offer a particular context that has imposed a paradigm shift and a refinement of approaches, which are also dictated by the specificities of developing economies. In this exploratory research, based on information provided by UNCTAD and Fortune Global 500 list, we aim to identify a series of trends and peculiarities in the corporate universe of developing economies. The analysis carried out leads to a series of conclusions regarding the dynamics and configuration of the world's most important multinational companies from developing economies. Although it is mainly an exploratory research, we appreciate that this approach leads to a deeper level of analysis, expanding the area of knowledge in the field, and creating a framework for new investigative perspectives.
{"title":"EMERGING MARKET MULTINATIONALS: HOW LATECOMERS HAVE BECOME GLOBAL CHALLENGERS","authors":"Rozalia Kicsi, Aurel Burciu","doi":"10.4316/ejafb.2018.611","DOIUrl":"https://doi.org/10.4316/ejafb.2018.611","url":null,"abstract":"The affirmation of multinational companies from emerging economies in the global economic area is often discussed as one of the significant trends in recent decades. Traditionally, literature on IB has developed a vein around the issue of multinational companies from developed economies. However, multinational companies from emerging economies offer a particular context that has imposed a paradigm shift and a refinement of approaches, which are also dictated by the specificities of developing economies. In this exploratory research, based on information provided by UNCTAD and Fortune Global 500 list, we aim to identify a series of trends and peculiarities in the corporate universe of developing economies. The analysis carried out leads to a series of conclusions regarding the dynamics and configuration of the world's most important multinational companies from developing economies. Although it is mainly an exploratory research, we appreciate that this approach leads to a deeper level of analysis, expanding the area of knowledge in the field, and creating a framework for new investigative perspectives.","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126137280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The credit has a special importance in the modern economic system, playing a vital role in business financing and thus the increase in welfare by mobilizing capital availability and redistribute them according to the requirements of the economy. Economic growth stimulates the development of the credit market in times of low inflation rates, encouraging risky investments in innovative products from domestic and foreign investors, which will lead to greater economic growth in the long term. Starting from these considerations, through this paper, the authors propose to analyze the evolution of credit in Romania during the last seven years, from 2010-2017, this analysis being carried out by types of credits and types of entities. Also, an important point of the paper focuses on the positive/negative aspects of the impact of monetary policy measures and the NBR regulations on the banking credit .
{"title":"SYNTHESIS ON THE EVOLUTION OF THE BANKING CREDIT IN ROMANIA","authors":"A. Apetri, C. Mihalciuc","doi":"10.4316/ejafb.2018.612","DOIUrl":"https://doi.org/10.4316/ejafb.2018.612","url":null,"abstract":"The credit has a special importance in the modern economic system, playing a vital role in business financing and thus the increase in welfare by mobilizing capital availability and redistribute them according to the requirements of the economy. Economic growth stimulates the development of the credit market in times of low inflation rates, encouraging risky investments in innovative products from domestic and foreign investors, which will lead to greater economic growth in the long term. Starting from these considerations, through this paper, the authors propose to analyze the evolution of credit in Romania during the last seven years, from 2010-2017, this analysis being carried out by types of credits and types of entities. Also, an important point of the paper focuses on the positive/negative aspects of the impact of monetary policy measures and the NBR regulations on the banking credit .","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116487432","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The present paper analyzes, in conceptual terms, the extent to which the IPSAS 17 public sector accounting standard has been implemented in the national law. The definition of concepts and their implementation in national legislation is of particular importance in the desire of international regulatory bodies to create a common language at international level and for public institutions, not only for private ones. We therefore believe that this approach must be based on a rigorous analysis of the concepts used. Without being exhaustive, the paper analyzes the specific terminology of tangible assets / fixed assets only, from the perspective of the international and national accounting referential, incident to the present theme.
{"title":"CONCEPTUAL CONVERGENCE OF ROMANIAN ACCOUNTING WITH INTERNATIONAL ACCOUNTING STANDARDS FOR THE PUBLIC SECTOR IN THE FIELD OF TANGIBLE ASSETS/FIXED ASSETS","authors":"M. Socoliuc","doi":"10.4316/ejafb.2018.617","DOIUrl":"https://doi.org/10.4316/ejafb.2018.617","url":null,"abstract":"The present paper analyzes, in conceptual terms, the extent to which the IPSAS 17 public sector accounting standard has been implemented in the national law. The definition of concepts and their implementation in national legislation is of particular importance in the desire of international regulatory bodies to create a common language at international level and for public institutions, not only for private ones. We therefore believe that this approach must be based on a rigorous analysis of the concepts used. Without being exhaustive, the paper analyzes the specific terminology of tangible assets / fixed assets only, from the perspective of the international and national accounting referential, incident to the present theme.","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115043272","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Lately, the leasing concept has begun to become more and more important due to the fact that this financing method satisfies in very short time the need for investment funds of economic agents. Also, by leasing, economic agents avoided complicated procedures for contracting bank credits. The popularity of this funding is due generally to affordability, but also to the benefits offered, with fiscal treatment being just one of them. In the present paper we have dealt with some theoretical aspects regarding the concept of leasing, by defining the concept, the presentation of the types of leasing operations and the contract underlying the leasing operations, by exemplifying the main operations regarding the financial leasing and of the fiscal treatment applicable to it.
{"title":"ACCOUNTING AND FISCAL ASPECTS ON LEASING FINANCING","authors":"Cristina Iacoban","doi":"10.4316/ejafb.2018.618","DOIUrl":"https://doi.org/10.4316/ejafb.2018.618","url":null,"abstract":"Lately, the leasing concept has begun to become more and more important due to the fact that this financing method satisfies in very short time the need for investment funds of economic agents. Also, by leasing, economic agents avoided complicated procedures for contracting bank credits. The popularity of this funding is due generally to affordability, but also to the benefits offered, with fiscal treatment being just one of them. In the present paper we have dealt with some theoretical aspects regarding the concept of leasing, by defining the concept, the presentation of the types of leasing operations and the contract underlying the leasing operations, by exemplifying the main operations regarding the financial leasing and of the fiscal treatment applicable to it.","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"90 3-4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123732718","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
From the beginning, tax evasion has been an intensely studied, particularly harmful, unusual and condemned concept. Due to the increased number of obligations that tax law imposes on taxpayers, or especially the burden of these obligations, it has stimulated the ingenuity of taxpayers in making them invent various processes to elucidate these tax obligations. The objective of this paper is to investigate the potential for tax evasion and explain the causes, effects and means of production
{"title":"TAX EVASION IN THE CURRENT ECONOMIC INTERNATIONAL CONTEXT","authors":"V. Grosu","doi":"10.4316/ejafb.2018.616","DOIUrl":"https://doi.org/10.4316/ejafb.2018.616","url":null,"abstract":"From the beginning, tax evasion has been an intensely studied, particularly harmful, unusual and condemned concept. Due to the increased number of obligations that tax law imposes on taxpayers, or especially the burden of these obligations, it has stimulated the ingenuity of taxpayers in making them invent various processes to elucidate these tax obligations. The objective of this paper is to investigate the potential for tax evasion and explain the causes, effects and means of production","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130434895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Public institutions are entities through which the State conducts its activity, as regulated by Law 500/2002 on public finances. Like any other operating entity, the public institution acts through a budget, comprised of public revenues and expenditures. A particular case that I will address in this paper is that of the economic activity conducted in public institutions and the taxation-related aspects of this area of activity. I will also include here a structure of the revenues and expenditures of this area of activity and the way taxes and duties are determined
{"title":"THE TAX IMPLICATIONS ON THE ECONOMIC ACTIVITY CONDUCTED IN PUBLIC INSTITUTIONS IN ROMANIA","authors":"Rodica Ailoaiei","doi":"10.4316/ejafb.2018.614","DOIUrl":"https://doi.org/10.4316/ejafb.2018.614","url":null,"abstract":"Public institutions are entities through which the State conducts its activity, as regulated by Law 500/2002 on public finances. Like any other operating entity, the public institution acts through a budget, comprised of public revenues and expenditures. A particular case that I will address in this paper is that of the economic activity conducted in public institutions and the taxation-related aspects of this area of activity. I will also include here a structure of the revenues and expenditures of this area of activity and the way taxes and duties are determined","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"212 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132392782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
V. Antohi, M. Zlati, Petronela Cardon, Dimitrie Stoica
In the context of globalization, the need for security is getting stronger economic valences. The vulnerability of the national economy to global insecurity factors amid the intensification of technology transfer and know-how is a subject of interest that involves a pertinent analysis of the positioning of the national economy in the global context. We intend to highlight by this work the role of guarantor of the economic security of the Romanian state through its specific security bodies and to develop an economic security model by quantifying the security risks and the protection measures that Romania can adopt in the geopolitical and geostrategic context
{"title":"ANALYSIS OF ROMANIA'S ECONOMIC SECURITY IN THE CONTEXT OF GLOBAL SECURITY THROUGH ECONOMETRIC MODELING","authors":"V. Antohi, M. Zlati, Petronela Cardon, Dimitrie Stoica","doi":"10.4316/ejafb.2018.619","DOIUrl":"https://doi.org/10.4316/ejafb.2018.619","url":null,"abstract":"In the context of globalization, the need for security is getting stronger economic valences. The vulnerability of the national economy to global insecurity factors amid the intensification of technology transfer and know-how is a subject of interest that involves a pertinent analysis of the positioning of the national economy in the global context. We intend to highlight by this work the role of guarantor of the economic security of the Romanian state through its specific security bodies and to develop an economic security model by quantifying the security risks and the protection measures that Romania can adopt in the geopolitical and geostrategic context","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130837103","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Through this research we aim to identify the main similarities and differences regarding the approaching of the international mobility of worker concept. The importance of this research derives from the fact that workers’ mobility is a concept that has taken a new meaning in the business globalization era. We often see employees which must provide various job or specific activities into different places than those from home area. These changes, most of the time, take place across borders, and has a major impact on the workers who have agreed to change their workplace and on the organization in terms of the cost of the mobility process. In this context, the paper brings into discussion a wide range of approaches from the perspective of academics and practitioners regarding the European mobility of workers concept, on one hand, and the triple (legal, accounting and especially fiscal) impact that may have an erroneous interpretation of this concept, on the other hand. The results of the research are useful to both practitioners and future research in this field because, after identifying the many interpretations of this concept, we hope, first of all, to clarify the essence of European mobility terminology.
{"title":"COMPARATIVE ANALISYS OF ROMANIAN AND EU LEGISLATIVE FRAMEWORK REGARDING EUROPEAN MOBILITY OF WORKERS","authors":"E. Hlaciuc, Daniel Rață","doi":"10.4316/ejafb.2018.613","DOIUrl":"https://doi.org/10.4316/ejafb.2018.613","url":null,"abstract":"Through this research we aim to identify the main similarities and differences regarding the approaching of the international mobility of worker concept. The importance of this research derives from the fact that workers’ mobility is a concept that has taken a new meaning in the business globalization era. We often see employees which must provide various job or specific activities into different places than those from home area. These changes, most of the time, take place across borders, and has a major impact on the workers who have agreed to change their workplace and on the organization in terms of the cost of the mobility process. In this context, the paper brings into discussion a wide range of approaches from the perspective of academics and practitioners regarding the European mobility of workers concept, on one hand, and the triple (legal, accounting and especially fiscal) impact that may have an erroneous interpretation of this concept, on the other hand. The results of the research are useful to both practitioners and future research in this field because, after identifying the many interpretations of this concept, we hope, first of all, to clarify the essence of European mobility terminology.","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116251389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the current context in which businesses are increasingly concerned with resorting to alternative sources of funding, factoring has become an increasingly used and diffused tool in the economic and financial environment. Starting from the definition of the factoring concept, the paper proposes a more comprehensive approach to this type of operations, treating and analysing the types of factoring, in particular the factoring with and without regress, the ways of deployment, the details of each stage of the operation mechanism, the costs and risks to which those involved in the operation are exposed
{"title":"ASSETS BASED LENDING: THE ADVANTAGES AND DISADVANTAGES OF FACTORING","authors":"C. Cosmulese","doi":"10.4316/ejafb.2018.615","DOIUrl":"https://doi.org/10.4316/ejafb.2018.615","url":null,"abstract":"In the current context in which businesses are increasingly concerned with resorting to alternative sources of funding, factoring has become an increasingly used and diffused tool in the economic and financial environment. Starting from the definition of the factoring concept, the paper proposes a more comprehensive approach to this type of operations, treating and analysing the types of factoring, in particular the factoring with and without regress, the ways of deployment, the details of each stage of the operation mechanism, the costs and risks to which those involved in the operation are exposed","PeriodicalId":190599,"journal":{"name":"European Journal of Accounting, Finance & Business","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114767562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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