Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.4
Brenda-Andreea Mușa (Piuaru)
Communication in European funding foresees detailed obligations for implementing bodies and beneficiaries. However, beneficiaries claim a significant difference in communication between the projects managed by authorities in Romania, as compared to those managed by European authorities. This paper aims to highlight some of the challenges that beneficiaries face when implementing projects, in terms of communication with the authorities, emphasizing its effects on the absorption rate of European funds. By conducting qualitative research, the author unveiled a link between communication and the absorption rate, along with some aspects of the communication with the authorities.
{"title":"Communication as an Influencing Factor for the Absorption Rate of European Funds in Romania","authors":"Brenda-Andreea Mușa (Piuaru)","doi":"10.31926/but.es.2023.16.65.1.4","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.4","url":null,"abstract":"Communication in European funding foresees detailed obligations for implementing bodies and beneficiaries. However, beneficiaries claim a significant difference in communication between the projects managed by authorities in Romania, as compared to those managed by European authorities. This paper aims to highlight some of the challenges that beneficiaries face when implementing projects, in terms of communication with the authorities, emphasizing its effects on the absorption rate of European funds. By conducting qualitative research, the author unveiled a link between communication and the absorption rate, along with some aspects of the communication with the authorities.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88311733","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.8
M.C. Grigoroiu, C. Țurcanu
The European Union's education policy supports actions in the field of education through specific funding mechanisms at the Member State level with the aim of contributing to addressing common challenges and building the 'European Education Area'. The study aims to analyse the funding programmes in the field of education, for preschool and compulsory education, implemented in Romania in the period 2014-2022, from the Structural and Investment Funds of the European Union. For this purpose, through secondary data, an analysis of the main funding programmes was carried out. The results of this study outline an overview of the main components of the funding programmes in the field of education.
{"title":"Analysis of European Financial Interventions to Strengthen Education in Romania","authors":"M.C. Grigoroiu, C. Țurcanu","doi":"10.31926/but.es.2023.16.65.1.8","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.8","url":null,"abstract":"The European Union's education policy supports actions in the field of education through specific funding mechanisms at the Member State level with the aim of contributing to addressing common challenges and building the 'European Education Area'. The study aims to analyse the funding programmes in the field of education, for preschool and compulsory education, implemented in Romania in the period 2014-2022, from the Structural and Investment Funds of the European Union. For this purpose, through secondary data, an analysis of the main funding programmes was carried out. The results of this study outline an overview of the main components of the funding programmes in the field of education.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74927452","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.14
N. Marinescu
This paper aims to investigate the role of foreign direct investment (FDI) on economic development in transition countries of Central and Eastern Europe. Statistical analysis is applied to investigate the relationship between FDI indicators and some explanatory variables. Findings show that FDI stock and especially labor productivity significantly stimulate exports. Moreover, the ratio of FDI stock to GDP is found to be the most powerful driver of employment. Outcomes depend however on FDI policies. Therefore, policy-makers need to carefully consider the side effects of the measures they design, to avoid negative effects.
{"title":"Foreign Direct Investment and Economic Development: Evidence from Central and Eastern Europe","authors":"N. Marinescu","doi":"10.31926/but.es.2023.16.65.1.14","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.14","url":null,"abstract":"This paper aims to investigate the role of foreign direct investment (FDI) on economic development in transition countries of Central and Eastern Europe. Statistical analysis is applied to investigate the relationship between FDI indicators and some explanatory variables. Findings show that FDI stock and especially labor productivity significantly stimulate exports. Moreover, the ratio of FDI stock to GDP is found to be the most powerful driver of employment. Outcomes depend however on FDI policies. Therefore, policy-makers need to carefully consider the side effects of the measures they design, to avoid negative effects.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74612128","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.10
L. Sava, V. Tîrsu
The rapid pace of technology development in all fields of activity contributes to updating the knowledge of employees through continuous training and learning. The standard of knowledge that a trained person must possess changes from one period of time to another, in ever shorter time intervals. Thus, in order to become competitive, economic entities must invest in human resources, the main resource that brings added value over time. The purpose of the training and professional development of the personnel is to help the economic entity, in continuous development, to achieve its objectives by increasing the human and intellectual potential of the employees. Through the professional training of employees, the economic entity will contribute to the development of skills and competencies in order to increase professional performances, as well as their development, so that the future needs of the labor force for the economic entity are met, as much as possible, from within it. Presently, the issue of making investments in the intellectual potential of the staff and evaluating their efficiency is current and requires a detailed study. Thus, in order to determine the economic contribution of the training activity, the economic entities are to carry out the evaluation of the activities carried out in order to identify to what extent this activity led to the achievement of the planned objectives and the justification of the investments made by the economic entity.
{"title":"Management of the Professional Training of the Personnel and the Process of Evaluating the Training Activity at the Level of the Economic Entities","authors":"L. Sava, V. Tîrsu","doi":"10.31926/but.es.2023.16.65.1.10","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.10","url":null,"abstract":"The rapid pace of technology development in all fields of activity contributes to updating the knowledge of employees through continuous training and learning. The standard of knowledge that a trained person must possess changes from one period of time to another, in ever shorter time intervals. Thus, in order to become competitive, economic entities must invest in human resources, the main resource that brings added value over time. The purpose of the training and professional development of the personnel is to help the economic entity, in continuous development, to achieve its objectives by increasing the human and intellectual potential of the employees. Through the professional training of employees, the economic entity will contribute to the development of skills and competencies in order to increase professional performances, as well as their development, so that the future needs of the labor force for the economic entity are met, as much as possible, from within it. Presently, the issue of making investments in the intellectual potential of the staff and evaluating their efficiency is current and requires a detailed study. Thus, in order to determine the economic contribution of the training activity, the economic entities are to carry out the evaluation of the activities carried out in order to identify to what extent this activity led to the achievement of the planned objectives and the justification of the investments made by the economic entity.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"229 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89213626","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.12
Lucian Gabriel Maxim
The aim of the paper is to study the influence of capital structure on the profitability of retail companies within the Romanian market. The study examined the capital structure situation for 597 companies, the financial data being subjected to an analysis using the correlation matrix as well as multiple regression for panel data. The analyzed period is 10 years from 2013 to 2021 and it involved the collection of financial data with the help of the tpsoft.ro website. The research results showed that between the dependent variable ROA and the independent variables (RSG - total debt to total assets, RSP - equity/total capital) that represent the capital structure, there is a significant positive correlation, while between ROA and RDCP (debt to equity) there is an insignificant correlation.
{"title":"The Influence of the Capital Structure on the Profitability: Evidence from the Romanian Retail Industry","authors":"Lucian Gabriel Maxim","doi":"10.31926/but.es.2023.16.65.1.12","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.12","url":null,"abstract":"The aim of the paper is to study the influence of capital structure on the profitability of retail companies within the Romanian market. The study examined the capital structure situation for 597 companies, the financial data being subjected to an analysis using the correlation matrix as well as multiple regression for panel data. The analyzed period is 10 years from 2013 to 2021 and it involved the collection of financial data with the help of the tpsoft.ro website. The research results showed that between the dependent variable ROA and the independent variables (RSG - total debt to total assets, RSP - equity/total capital) that represent the capital structure, there is a significant positive correlation, while between ROA and RDCP (debt to equity) there is an insignificant correlation.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"288 1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72908807","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.11
C. Anton
Digitalization is a process that accounting firms are also subjected to if they want to remain competitive and meet the needs of real-time communication with customers. The purpose of this paperwork was to know the opinions of the managers of these companies on the adoption and implementation of artificial intelligence. The main objectives of the paper are the impact of digitalization on professional accountants, the challenges to which they are subjected, and the advantages/ disadvantages of digitalizing accounting and communication with clients. The research method used falls into the category of qualitative research, i.e. the semi-directive in-depth interview.
{"title":"Opinions of Accounting Companies Managers Regarding the Digitalization Process of Accounting","authors":"C. Anton","doi":"10.31926/but.es.2023.16.65.1.11","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.11","url":null,"abstract":"Digitalization is a process that accounting firms are also subjected to if they want to remain competitive and meet the needs of real-time communication with customers. The purpose of this paperwork was to know the opinions of the managers of these companies on the adoption and implementation of artificial intelligence. The main objectives of the paper are the impact of digitalization on professional accountants, the challenges to which they are subjected, and the advantages/ disadvantages of digitalizing accounting and communication with clients. The research method used falls into the category of qualitative research, i.e. the semi-directive in-depth interview.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78503818","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.2
G.G. Manea, B. Tescașiu
As a result of the increase in the number of lawyers, the need arose for them to become as well-known as possible in the market, both with the aim of attracting new clients and retaining the loyalty of existing clients. The manner in which lawyers can make themselves known has raised a number of problems as a result of legislative barriers restricting their rights in this regard. By conducting research, the authors tried to identify the ways in which lawyers can make their services known without violating the legal provisions. By bringing into discussion the specific aspects regarding the methods used in order to promote, the article makes not only a theoretical contribution but also a practical one, as it represents a valid opinion that could be used by the academic environment or other lawyers. The research aimed to answer the following questions: What are the main elements of Marketing that can be used by lawyers?; How can lawyers use the elements of Marketing? The results of the research revealed a series of interesting conclusions - namely the fact that there are ways in which lawyers can promote their services online, apart from the classic professional website, without prejudice to the legal provisions.
{"title":"Marketing Elements in the Field of Legal Services","authors":"G.G. Manea, B. Tescașiu","doi":"10.31926/but.es.2023.16.65.1.2","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.2","url":null,"abstract":"As a result of the increase in the number of lawyers, the need arose for them to become as well-known as possible in the market, both with the aim of attracting new clients and retaining the loyalty of existing clients. The manner in which lawyers can make themselves known has raised a number of problems as a result of legislative barriers restricting their rights in this regard. By conducting research, the authors tried to identify the ways in which lawyers can make their services known without violating the legal provisions. By bringing into discussion the specific aspects regarding the methods used in order to promote, the article makes not only a theoretical contribution but also a practical one, as it represents a valid opinion that could be used by the academic environment or other lawyers. The research aimed to answer the following questions: What are the main elements of Marketing that can be used by lawyers?; How can lawyers use the elements of Marketing? The results of the research revealed a series of interesting conclusions - namely the fact that there are ways in which lawyers can promote their services online, apart from the classic professional website, without prejudice to the legal provisions.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81021833","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.7
A. P. Pricope (Vancia), C. Băltescu, A. Zamfirache
The tourism industry has experienced notable changes because of the widespread adoption of social media. As a result, travel companies have been compelled to give greater importance to their online presence and proactively interact with customers via social media channels. This study aimed to assess the concern of Romanian travel agencies for their presence on social networks such as Facebook, Instagram, and TikTok through an analysis of social media metrics. According to the research findings, even though travel agencies exhibit a preference for Facebook when promoting tourism-related products and services, the other two analyzed platforms yield greater user engagement. The study has implications for both management and marketing activities within the tourism field.
{"title":"Are Romanian Travel Agencies Concerned about their Social Media Presence?","authors":"A. P. Pricope (Vancia), C. Băltescu, A. Zamfirache","doi":"10.31926/but.es.2023.16.65.1.7","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.7","url":null,"abstract":"The tourism industry has experienced notable changes because of the widespread adoption of social media. As a result, travel companies have been compelled to give greater importance to their online presence and proactively interact with customers via social media channels. This study aimed to assess the concern of Romanian travel agencies for their presence on social networks such as Facebook, Instagram, and TikTok through an analysis of social media metrics. According to the research findings, even though travel agencies exhibit a preference for Facebook when promoting tourism-related products and services, the other two analyzed platforms yield greater user engagement. The study has implications for both management and marketing activities within the tourism field.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87824264","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.1
M. Bălășescu
Today, many companies have turned their attention from the traditional "features and benefits" to the activity of creating experiences for their customers. In this way, the emotional activation of the customer is attempted, in addition to the rational part of buying the product. As part of this work, we have carried out quantitative marketing research, to find out the opinions of Romanian consumers related to the wine consumption experience. The general objectives of the research are the following: identify consumption habits among Romanian wine consumers; identify how Romanian consumers prefer to enjoy their favorite wine; determine the preferences of Romanian consumers regarding the color and type of preferred wine; determine the frequency of the purchase of wine by Romanian consumers and the place where they purchase their preferred types of wine. The research results can address wine-producing companies from Romania, wine distributors, hotels, and restaurants, for the future development of activities in this field.
{"title":"The Marketing of Experiences in the Wine Industry in Romania","authors":"M. Bălășescu","doi":"10.31926/but.es.2023.16.65.1.1","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.1","url":null,"abstract":"Today, many companies have turned their attention from the traditional \"features and benefits\" to the activity of creating experiences for their customers. In this way, the emotional activation of the customer is attempted, in addition to the rational part of buying the product. As part of this work, we have carried out quantitative marketing research, to find out the opinions of Romanian consumers related to the wine consumption experience. The general objectives of the research are the following: identify consumption habits among Romanian wine consumers; identify how Romanian consumers prefer to enjoy their favorite wine; determine the preferences of Romanian consumers regarding the color and type of preferred wine; determine the frequency of the purchase of wine by Romanian consumers and the place where they purchase their preferred types of wine. The research results can address wine-producing companies from Romania, wine distributors, hotels, and restaurants, for the future development of activities in this field.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85096447","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}
Pub Date : 2023-06-22DOI: 10.31926/but.es.2023.16.65.1.9
O. Negulescu
The paper aims at illustrating the new developments of information technology applied in production management and at providing a conceptual model of the configuration of the intelligent or smart enterprise. After a brief overview of Industry 4.0 addressed in the introduction, the paper presents the concept of smart manufacturing, where the role of 5G connection, Internet of Things (IoT), artificial intelligence (AI), and digital twin is explained. Next, a conceptual model of the smart manufacturing company configuration is proposed, with examples from the Bosch company. The paper ends with conclusions highlighting the qualities and usefulness of a smart manufacturing company.
{"title":"A Configuration Model of the Smart Manufacturing Company","authors":"O. Negulescu","doi":"10.31926/but.es.2023.16.65.1.9","DOIUrl":"https://doi.org/10.31926/but.es.2023.16.65.1.9","url":null,"abstract":"The paper aims at illustrating the new developments of information technology applied in production management and at providing a conceptual model of the configuration of the intelligent or smart enterprise. After a brief overview of Industry 4.0 addressed in the introduction, the paper presents the concept of smart manufacturing, where the role of 5G connection, Internet of Things (IoT), artificial intelligence (AI), and digital twin is explained. Next, a conceptual model of the smart manufacturing company configuration is proposed, with examples from the Bosch company. The paper ends with conclusions highlighting the qualities and usefulness of a smart manufacturing company.","PeriodicalId":53266,"journal":{"name":"Bulletin of the Transilvania University of Brasov Series V Economic Sciences","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86481027","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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