Living conditions in the rural area are precarious in Romania, our country being at the bottom of the European ranking, and the situation is getting worse as the degree of isolation increases (mainly in the hilly and mountain areas) combined with the precariousness of livelihood resources in...

According to the possibilities offered by the existing resources, rural development in Romania is still difficult to achieve. The economic-social gaps between the urban and rural areas are among the highest in the EU and relatively at the same amplitude for many years. The recent period, marked...

In the first article, I examine managers' decision to pay dividends with a dynamic cash model. The model departs from the Modigliani and Miller world according to two dimensions: Agency costs and financing frictions. In this paper, I show that managers with more valuable outside options pay more...