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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Volume 12, Number 3, Year 2024
| 2. THE CRISIS AND THE FINANCIAL DIFFICULTY WITHIN THE ENTERPRISE FRAMEWORK - AN OVERALL VIEW OF ROMANIA | 
Download | | Author(s): Anisoara Apetri, Ancuta- Anisia Chelba | | DOI: 10.4316/EJAFB.2024.12301 | | Abstract: Financial difficulty creates many inconveniences within a company, from blockages in making payments to jeopardizing the company's survival. The purpose of this research paper is to survey the representatives of 120 companies in Romania in order to present the situation regarding the financial difficulty within them, but also the most representative symptoms in the emergence of a crisis within the analyzed companies. The first objective considers the review of specialized literature on the topic of financial difficulty, implicitly presenting the evolution of the number of scientific publications on this topic, and the second objective is focused on the analysis of the companies in the research sample. The results consist in providing an overview of Romanian companies in terms of financial difficulty, as well as highlighting the three most representative symptoms of the existence of a crisis within the company, according to the analysis carried out on the basis of the selected sample. | | Keywords: Financial Difficulty; Crisis; Romania; Entreprises. |
| 3. EXPLORING THE RELATION BETWEEN MACH SCORES AND RISK ATTITUDE: EMPIRICAL FINDINGS FROM INDIVIDUAL VERSUS GROUP TESTING |
Download | | Author(s): Dan Dacian Cuzdriorean, Alina Beattrice Vladu, Szilveszter Fekete Pali- Pista, Paula Ramona Rachisan, Adrian Grosanu | | DOI: 10.4316/EJAFB.2024.12302 | | Abstract: Our research delves into the correlation between Mach scores and risk attitudes in both individual and group testing. We conducted a quasi-experiment involving accounting students and performed a statistical analysis of the data. Our findings reveal two key points: firstly, individuals with high Mach scores tend to be more inclined towards risk-taking compared to those with low scores on the Mach IV scale; and secondly, high Mach scores exert a greater influence on group decision-making. Our results underscore the distinction between group and individual behavior in terms of risk attitudes and highlight the predictive utility of the Mach-IV scale in assessing risk attitudes. | | Keywords: Machiavellianism; Mach IV Scale; Risk Attitude; Individual Level; Group Level |
| 4. ASSESSING THE LIVING STANDARDS OF THE UNEMPLOYED IN THE
REPUBLIC OF MOLDOVA AND THE CONVERGENCE OF WELL-BEING
INDICATORS WITH EUROPEAN UNION STANDARDS |
Download | | Author(s): Oxana Barbaneagra | | DOI: 10.4316/EJAFB.2024.12303 | | Abstract: The article explores the living conditions of the unemployed in the Republic of Moldova, emphasizing the need to
harmonize welfare indicators with European standards. The analysis reveals multiple challenges such as low
incomes, increased dependence on social benefits and high vulnerability to poverty. The study suggests that despite
recent wage and social increases, these fall short of meeting the basic needs of the unemployed. The authors
concludes by recommending the implementation of a more effective social protection system, supported by active employment policies, together with economic measures aimed at reducing inequality and improving social equity,
in order to increase the living standards of the unemployed and facilitate their social and occupational integration. | | Keywords: Standard Of Living; Unemployed; Social Protection; Social Insurance; At-risk-of-poverty. |
| 5. ASSESSING THE EFFECTIVENESS OF SOCIAL SECURITY IN NIGERIA:
COVERAGE GAPS, SOCIOECONOMIC IMPACTS, AND POLICY
RECOMMENDATIONS FOR STABILITY |
Download | | Author(s): Enyinnaya Emmanuel Sike, Adedeji Adegoke, Rauf I. Rauf | | DOI: 10.4316/EJAFB.2024.12304 | | Abstract: This study examines the effectiveness of Social Security Programs (SSPs) in Nigeria, focusing on awareness levels,
coverage gaps, socioeconomic impacts, and their role in addressing social security challenges. Using a mixed-
methods approach and cross-sectional survey design, the research analyzes data from respondents in the Federal
Capital Territory (FCT), Abuja, representing formal and informal workers, retirees, and vulnerable populations.
Findings reveal significant limitations in SSP coverage, particularly for informal sector workers, due to barriers
such as high costs and lack of awareness. While pension schemes demonstrate positive impacts on retirees' financial stability, the overall effectiveness of SSPs in reducing poverty and unemployment remains limited.
Security challenges persist because of insufficient youth-focused initiatives and administrative inefficiencies,
though programs show potential for mitigating crime and enhancing public order when effectively implemented.
Recommendations include expanding coverage to informal workers, improving administrative efficiency,
increasing public awareness, and integrating youth empowerment initiatives into SSP frameworks. | | Keywords: Social Security; Socioeconomic Stability; Pension Reform. |
| 6. PSYCHOLOGICAL HARASSMENT AT WORK IN MOROCCO: HUMAN RESOURCES EXPERTS' POINT OF VIEW |
Download | | Author(s): Karima Laghrifi | | DOI: 10.4316/EJAFB.2024.12305 | | Abstract: This research examines the key elements of the phenomenon of workplace mobbing, highlighting its various manifestations, triggers, and repercussions on individuals, specifically victimized employees, and on organizations themselves. The impact of this phenomenon on employees' professional lives is examined from several angles, including its influence on their organizational commitment, job satisfaction, and their intention to leave their jobs. An important issue lies in the semantic ambiguity surrounding the term "workplace psychological harassment" in the Moroccan context. To provide answers, a qualitative contextualization study was conducted, revealing significant findings concerning the link between exposure to workplace harassment acts and employees' organizational commitment, job satisfaction, and propensity to consider leaving their position. This relationship is informed by psychological contract theory and reinforced by the findings of our qualitative study involving experts such as Human Resources Managers, wellness consultants, psychologists, occupational doctors, and lawyers. | | Keywords: Workplace Harassment, Mobbing, Organizational Commitment, Job Satisfaction, Intention To Leave, Psychological Contract Theory. |
| 7. THE PERFORMANCE OF ONLINE MARKETING COMPANIES |
Download | | Author(s): Gabriela- Liliana Cioban | | DOI: 10.4316/EJAFB.2024.12306 | | Abstract: Marketing communication has become an extremely important phenomenon due to its scope and implications on the life of organizations and society in general. Marketing research should improve our understanding of how digital advertising influences the purchase of products or services. A number of studies have examined how advertising influences consumers' intentions to seek product information, particularly in a digital context, but recent changes in marketing spending and consumer behavior suggest that an investigation is warranted. Digital advertising is a digital advertising strategy effort in online-based decision making that accomplishes the promotion and marketing of a brand or brand through the use of digital media. This paper aimed to provide a comprehensive understanding of how companies can utilize online marketing techniques to enhance their digital presence and effectively engage consumers. From the definition and evolution of online marketing to a detailed exploration of promotional campaigns on various digital platforms (Google Ads, YouTube Ads, Facebook Ads nd Instagram Ads) this paper has addressed the key issues shaping today's digital landscape. | | Keywords: Online Branding, Marketing Campaigns, Video Campaigns, Video Advertising, Video Advertising, Internet. |
| 8. CORPORATE GOVERNANCE: TRENDS, PERSPECTIVES AND FUTURE DIRECTIONS |
Download | | Author(s): Anatol Melega, Florin Boghean | | DOI: 10.4316/EJAFB.2024.12307 | | Abstract: Managing stakeholder relations and achieving the strategic goals of sustainable development is only possible with a strengthened corporate governance system. Developed in the 1970s, the concept of corporate governance has been widely debated in the literature, adapting to changes and developments in the global economy. The purpose of this article is to analyze the evolution of corporate governance research and highlight current and future research directions. The research methodology is based on bibliometric analysis of research on Web of Science platforms using VOSviewer and Bibliometrix software. The results of the research are to highlight the evolution of corporate governance practices and to establish current and future research directions. The research is useful for academics and regulators tracking the evolution of corporate governance and the adaptability of governance principles to current paradigm shifts. | | Keywords: Corporate Governance; Evolution; Trends; Perspectives; Bibliometric Analysis. |
| 9. A BIBLIOMETRIC MAPPING CONCERNIG THE INFLUENCE OF GENDER DIFFERENCES ON THE PERFORMANCE OF FIRMS IN THE OIL ENERGY SECTOR |
Download | | Author(s): Camelia Catalina Mihalciuc, Anisoara Niculina Apetri, Maria Grosu, Alina Butnaru (ciobotar) | | DOI: 10.4316/EJAFB.2024.12308 | | Abstract: The influences exerted by gender differences on firms' performance is a thematic of interest addressed both in academia and in company management, along the lines of the existence of subtle and systematic disparities between men and women in the professional environment, in various fields of activity, despite the progress made in promoting gender equality. Thus, the objective is oriented towards examining the perspectives from the point of view of conducting a bibliometric analysis that will contribute to the identification of the main research directions and concerns related to the influence of gender diversity on the performance of companies in the oil and gas energy sector. The methodological approach provides a broad perspective on the existing knowledge on this research topic, as the authors aim to contribute to the analysis of gender diversity in the energy-oil sector by conducting a bibliometric review of the existing literature on the Web of Science platform, from 2007 to 2024. This work contributes to a deeper understanding of the interplay between gender diversity and the performance of firms in the energy-oil sector, and can thus provide useful guidelines, both for future research and as examples of good managerial practices. | | Keywords: Company Performance; Top Management; Gender Diversity; Bibliometric Mapping. |
| 10. THEORETICAL INSIGHTS INTO OPTIMIZING EMPLOYEE PERFORMANCE THROUGH THE FUNCTIONALITY OF TIGHT MANAGEMENT CONTROL SYSTEMS |
Download | | Author(s): Wibisono Wibisono, Sapta Lestari, Iskandar Muda, Alexandru- Mircea Nedelea, Cristina Gabriela Cosmulese | | DOI: 10.4316/EJAFB.2024.12309 | | Abstract: This study uses a qualitative descriptive methodology using literature reviews and theoretical investigations. It looks at how tightening control systems (TCS) and management control systems (MCS) affect worker performance. In order to reach findings and offer comprehensive insights, the study gathers and examines hypotheses and prior research from recognized publications, summarizing and connecting them. Research papers, books, and journals are examples of theoretical sources. The study compares theory with empirical results in order to demonstrate how MCS and TCS work. For businesses to succeed, effective human resource management is crucial, and the more stringent the controls, the more likely the outcome will be. Employee performance is evaluated, challenges are noted, and goal accomplishment is measured, with deviations for improvement highlighted. Strict results control requires regular, in-depth monitoring, and success is contingent on incentives, performance metrics, and well-defined intended outcomes. Businesses can improve performance and accomplish organizational goals by comprehending these dynamics. | | Keywords: Management Control System Function, Control System Tightness, Employee Performance. |
| 11. RESEARCH ON THE BANKRUPTCY RISK OF ROMANIAN INSURANCE COMPANIES BASED ON FINANCIAL INDICATORS FROM FINANCIAL STATEMENTS |
Download | | Author(s): Elena Hlaciuc | | DOI: 10.4316/EJAFB.2024.12310 | | Abstract: The purpose of this paper is to show whether the information available to the general public, provided by the Ministry of Finance, is sufficient to form an opinion on the economic and financial background of an insurance company and whether it can protect us from the unpleasantness of taking out an insurance policy with a company that will go bankrupt in the near future. Clearly, we also aim to provide an understanding of the risks faced by insurance companies, to assess the effectiveness of regulations and supervisory bodies, and to propose solutions to prevent bankruptcies and protect future customers. In these contexts, the objectives set focus on analyzing the indicators in the annual financial statements that may or may not signal a future bankruptcy and whether this information can protect potential customers. The research methodology is based on techniques such as documentary synthesis on insurance, risk in insurance, analysis of financial statements on several indicators (solvency ratio, equity, return on equity (ROE), return on total assets (ROA), overall leverage ratio) in order to identify the risks that the main users of information provided by the financial statements of insurance companies are taking. | | Keywords: Bankruptcy Risk; Insurance Market; Solvency Ratio; Return On Equity; Return On Total Assets. |
| 12. INFLUENCE OF ESG FACTORS ON COMPANIES MARKET CAPITALIZATION |
Download | | Author(s): Iulian Dascalu, Ioana Andrioaia, Veronica Grosu | | DOI: 10.4316/EJAFB.2024.12311 | | Abstract: This study examines how environmental, social, and governance (ESG) performance correlates with market capitalization among companies listed on NASDAQ stock market. Drawing on a dataset of 200 companies, split evenly between the highest and lowest ESG performers from a Newsweek ranking, the research investigates whether robust ESG practices translate into superior market valuations. The method used was an econometric technique applied in SPSS, incorporating descriptive statistics, correlation tests, and a log-log (power) regression model to capture the potential non-linear relationship between ESG scores and market value. The ESG data, sourced and processed from publicly available rankings, is integrated with market capitalization figures retrieved from recognized financial platforms. The results provide evidence of a statistically significant relationship, suggesting that higher ESG scores may have a positive impact on a company's market capitalization. Furthermore, industries such as technology and financial services, which often emphasize sustainability and governance, emerged as leading examples where strong ESG policies align with a higher market value. | | Keywords: ESG Performance; Market Capitalization; Corporate Sustainability; Corporate Governance; Non-linear Regression. |
| 13. REPUBLIC OF MOLDOVA ECONOMIC AND ECOLOGICAL COMPETITIVENESS OF URBAN AGGLOMERATIONS AND CLUSTERING POLICY IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT |
Download | | Author(s): Diana Ignatiuc | | DOI: 10.4316/EJAFB.2024.12312 | | Abstract: The development of economic agglomerations is acknowledged as a key factor in enhancing national competitiveness. This article focuses on examining the distinctive features of economic and ecological competitiveness in urban agglomerations within the Republic of Moldova. It provides an analysis of the conceptual underpinnings of urban agglomerations, encompassing a range of theories and concepts related to the spatial organization of the economy, as well as the underlying logic governing the formation and growth of agglomerations. The study draws upon statistical data, with its methodological framework grounded in general scientific methods of theoretical and empirical inquiry. Findings from the assessment of economic and ecological competitiveness within Moldovan urban agglomerations, alongside an evaluation of sustainable development goals and associated indicators, reveal a lack of alignment with contemporary challenges and standards, posing significant implications for the efficient functioning of urbanized territories. The practical relevance of these findings lies in their potential application for the formulation of regional and national development strategies and programs. | | Keywords: Competitiveness; Economic Agglomerations; Principles Of Agglomeration Development; Regional Policy; Regionalization; Urbanization. |
| 14. SOCIAL AND SOLIDARITY ECONOMY: PRINCIPLES AND CONTRIBUTIONS TO SUSTAINABLE DEVELOPMENT AND SOCIAL INCLUSION |
Download | | Author(s): Tatiana Bucos | | DOI: 10.4316/EJAFB.2024.12313 | | Abstract: The Social and Solidarity Economy (SSE) offers an innovative framework for addressing global challenges related to sustainable development and social inclusion. By integrating principles of equity, solidarity, participatory governance, and sustainability, the SSE provides a viable alternative to traditional economic models. It aims to empower marginalized communities and foster systemic change through innovative and inclusive approaches. This article examines the core principles and operational frameworks of the SSE, emphasizing its significant role in advancing Sustainable Development Goals (SDGs). The methodology used includes a conceptual analysis and an assessment of the operational frameworks supporting the development of the SSE, with a focus on legislative measures, institutional support and social entrepreneurship. The analysis shows that they relate on the importance of robust ecosystems in supporting SSE initiatives, focusing on key factors such as tailored legislative measures, institutional support, and entrepreneurial activity. Raising public awareness about social entrepreneurship is also identified as a critical element for fostering a cultural shift that enhances the sector's reach and impact. The study concludes that the successful implementation and scalability of SSE initiatives depend on sustained policy support, innovative practices, and mobilizing entrepreneurial efforts. By aligning social, economic, and environmental objectives, the SSE emerges as a transformative model capable of driving sustainability and inclusivity. Its capacity to address systemic challenges positions the SSE as a key contributor to building equitable and resilient societies. | | Keywords: SSE; SDGs; Legal Frameworks; Social Entrepreneurship; Social Inclusion; Marginalized Communities; Entrepreneurial Drivers. |
| 15. THE IMPACT OF ARTIFICIAL INTELLIGENCE ON E-COMMERCE: THE SYNERGY BETWEEN INNOVATION AND OPERATIONAL EFFICIENCY |
Download | | Author(s): Diana Bragoi, Cristina Gabriela Cosmulese | | DOI: 10.4316/EJAFB.2024.12314 | | Abstract: In the field of e-commerce, artificial intelligence has managed to change the very way we shop online, not only by changing the shopping experience, making it simple, efficient and, above all, personalized for the user, but it has also revolutionized the way companies manage their online stores, improving inventory management and optimizing marketing operations. In this context, this paper analyzes how the technological frontiers of artificial intelligence are increasingly entering into synergy, increasing the efficiency of e-commerce services. The analysis performed highlights the innovative impact that artificial intelligence brings in improving operational management, personalizing the user experience and perfecting the production of digital products offered for sale, demonstrating how these innovations are completely redefining the world of e-commerce. | | Keywords: Technological Frontiers; Artificial Intelligence; E-commerce; Operational Efficiency; User Experience (UX). |
| 16. DIAGNOSING THE RISK OF MANIPULATION IN FINANCIAL ACCOUNTING INFORMATION. AN M-SCORE BASED APPROACH |
Download | | Author(s): Marius- Sorin Ciubotariu, Cristina- Raluca Cernovschi | | DOI: 10.4316/EJAFB.2024.12315 | | Abstract: The information provided by accounting is the raw material for the reports used in the decision-making process, and attempts to compromise its quality affect both the company and external users, generating attitude changes and wrong decisions. Starting from this idea, the aim of our study is to assess and measure the quality of financial information reported by some companies listed on the Bucharest Stock Exchange in 2023, operating in the HoReCa, construction, IT and agriculture industries. In order to succeed our goal, we set out to identify the main research directions and apply the M-Score model to capture the level of vulnerability to financial statement manipulation techniques of certain industries. The results of the research will materialize in a synthesis of the main issues that need to be known by users of accounting information and in a hierarchy of the most secure areas of activity among those analyzed, in order to help stakeholders and prevent wrong decisions or misallocation of resources. | | Keywords: Financial Manipulation; M-Score; Financial Quality Reporting; Creative Accounting. |
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