This paper aims to provide Romanian firm-level evidence concerning the investmentdecisions - financial leverage - growth opportunities relation. Using traditional panel datatechniques on a sample of 67 companies listed at Bucharest Stock Exchange, we found thatincreasing debt and firm size have...

The South of Romania experiences important climate changes, with importanteffects over the traditional crops, as wheat, sunflower, and especially maize, affected verynegative by the summers’ draught. These evolutions leaded to a diminution of the agriculturalfarms economic efficiency in this...

The investment process is a complex economic process that implies risks. Allottingcapital resources in an investment project without using an adequate discount rate of the cashflows, which will take into account the evolution of the base leading rate of NBR (National Bank ofRomania), can lead to...

The purpose of this study is to analyze the efficiency of working capital management ofcompanies from Alba County. The relation between the efficiency of the working capital management andprofitability is examined using Pearson correlation analyses and using a sample of 20 annual...

The complexity and dynamic of the organizations, which are in a permanentcompetition for resources and for the life quota in a turbulent economic environment, imposes thecontrolling as a functional concept of management having the role of coordinating the planning,control and information in the...

ABSTRACT. The core elements of one firm’s existence as the patrimonial situation andperformance, are related in a great measure by the business strategy adopted, the economicenvironment in which it is operating and the way of resources’ management. An efficientmanagement of all patrimonial...

Our review aims to assess theoretical and empirical studies concerning the existence,magnitude and threats of information asymmetry in insurance field. Based on the fact that most ofthe papers examined approached both static and dynamic frameworks, a particular emphasis is puton the testable...

Management accounting is an important part of the economic information system,with a key role in decision making, whether we talk about small and medium enterprises or largecompanies. However, management accounting is superficially treated in most economic entities,there are entities in which...

This study aims to explore some particularities concerning the Romanian auditedentities which are oriented mainly towards contracting audit services from the largest companiesproviding auditing services (Big 4 companies). The assessment criteria taken into consideration forthe differentiation of...

Despite the growing interest, the empirical results found in the literature concerningMachiavellianism and its impact on ethical judgments document both inconsistent andcontradictory results. On the other hand, the acceptance of short-term earnings managementpractices raises the most important...