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Active Ageing Index, New Emphasis Within the Same Methodology. The Role of the Internet

Abstract

Our paper focuses on the role of the Internet in older people’s lives and suggests that the weighting given to Internet usage should be increased when calculating the Active Ageing Index (AAI). We analyse the results of two weighting systems, which differ from the original one created by an expert group. First, we use the coefficients calculated by Djurovic et al. (2017), then create our own system in which the Internet usage component is given a very high coefficient value, ceteris paribus. Evaluations are done for AAI 2010, 2012, 2014, 2016 and 2018. The rank order of countries differs in the alternative weighting systems, but these differences are slight, and decrease year by year, suggesting the robustness of the original weighting system. This also shows that older EU citizens are using the Internet more and more, and that Internet usage is becoming a category similar to basic literacy. Finally, we recommend that AAI include a more sophisticated indicator of Internet usage instead of just asking respondents if they have used the Internet at least once a week in the previous three months.

Open access
Actuarial Assumptions for Employees Benefits

Abstract

Entities that have assumed the obligation to provide benefits to employees both during employment and post-employment, in accordance with international regulations, in particular IAS 19 “Employee benefits”, have the obligation to present to users’ financial payments and rights related to employees. The evaluation of the employees’ benefits is based on actuarial techniques and on professional judgments that require the highlighting of the arguments underlying the identification and establishment of the actuarial hypotheses. To achieve this objective, we conducted research on how to select actuarial assumptions in the process of determining the benefits of employees in an entity in the energy field. The conclusions established highlight the role of the actuarial assumptions chosen in establishing the managerial vision on the obligations to be estimated for the personnel expenses, both present and in the future, in the context of the unpredictable evolution of the dynamics of the employees, as well as of economic circumstances created by constantly changing wage policies.

Open access
Assessment of the Insolvency Risk in Companies Listed on the Bucharest Stock Exchange

Abstract

The present study presents, from the theoretical and pragmatic point of view, 6 of the established score models regarding the assessment of the insolvency risk, belonging to the Anglo-Saxon, Continental and Romanian schools. The research sample is made up of 26 companies belonging to the hotel industry and restaurants, listed on the Bucharest Stock Exchange. The research was carried out over a period of 11 years (2007-2017). Following the application of the score models, it was found that during the period covered by the research, a number of 14 companies had a relatively high insolvency risk and 12 of them had a relatively low insolvency risk.

Open access
Effects of Energy Use on Socioeconomic Predictors in Africa: Synthesizing Evidence

Abstract

The paper examined the effects of energy use on socioeconomic predictors in Africa. The Gary Becker hypothesis and the Michael Grossman demand for healthcare model were used to interact with energy related predictors on socioeconomic essentials. Our experimented model foretold the urgent need for government intervention programmes to resolve the energy misery in the African region.

Open access
The effects of experiential training in teaching-learning entrepreneurship in VET schools from Europe

Abstract

Following the training organized in vocational schools in five European countries, in which were used experiential methods of teaching entrepreneurship, through questionnaires applied to both students and teachers, the results obtained were analyzed, respectively the students’ perception on the teaching methods used by the teachers, the knowledge, skills, abilities acquired. In order to carry out the study, three research hypotheses were formulated, and the results obtained have fully confirmed them. The conclusions of the study highlighted the positive effects of the experiential methods on the entrepreneurship teaching-learning process.

Open access
The Impact of Gender on Food Waste at the Consumer Level

Abstract

Food waste is one of the main contributors to economic disparities, social inequalities and environmental pollution. Numerous studies have sought to understand the drivers of food waste at various stages in the food supply chain, including the consumption stage. Based on a quantitative analysis of 252 Romanian consumers, the present study shows that gender is an important factor that affects the individuals’ attitudes and behaviours in regard to food and a potential factor that could affect the amount of food wasted. The study found that attitudes towards food waste evolve as individuals age, and that, at each stage, women tend to be more concerned about the negative impact of food waste on social equity or the family budget than men. In addition, women were found to display behaviours in regard to food acquisition and preparation that can result in higher food waste in a larger degree than men, even though the study found no differences in the actual amount of food wasted by the two genders. The results of the study are important because they show the need to adapt the public awareness campaigns on food waste on the particularities of each gender across several age groups.

Open access
Investigations Regarding the Influence of Corporate Governance on Financial Performance. Empirical Study on Banks Listed on the Romanian Capital Market

Abstract

The role of corporate governance in achieving the financial performance in a sustainable development context is recognized. A fundamental premise in defining and applying good corporate governance is the area of the elements that describe the structure of the capital, elements that influence the guidelines and policies of the Board of Directors regarding the obtaining of the financial performance. On the equation “share capital - financial performance” we find the imprint of the compliance rate of the management statements with the requirements of the Corporate Governance Code applicable on the capital market on which the entity trades its shares. In this context, considering the compliance of the management statements published in the set of annual reports with the Corporate Governance Code, our researches investigate the relationship between the capital structure and the financial performance of the banks listed on the Bucharest Stock Exchange.

Open access
Rebranding and its Impact on Banking Activities – Case Study

Abstract

Rebranding is regarded as a necessary form when an organisation faces different problems due to the economic transformations of the society that requires new ways of visibility and decides to assign revitalization techniques to the brand image in order to refresh it. Nowadays, most of the Romanian banking companies went through the rebranding process firstly because they were involved in mergers and acquisitions, and secondly, to expand their target markets and to keep their loyal customers in an ever-changing market environment. This study aims to outline the impact of rebranding on a financial institution in Romania, CEC Bank, the oldest Romanian bank operating on the Romanian market since 1864. Following the 2007 rebranding, the purpose of the bank was to create a competitive commercial bank image. For this bank the rebranding process proved to be successful.

Open access
Six Sigma Method Important Element of Sustainability

Abstract

Six Sigma is not a training, but it is business strategy which involves the entire staff. The main goal of this works represents the analysis of the implementation of Six Sigma method within a company, like future solution for growing and developing a business. As main method of research was used documentation. The research carried out in this work will try to test/research two important aspects regarding the situation of a company: applying these methods accordingly may produce positive effects on long term on the business environment and create a healthy growth and economic development within a company.

Open access
Social measures, financial support to maintain, increase population in some European countries

Abstract

The evolution of the number of the population in many countries, even at European level, gives signs of concern, of which we should be aware: the significant decrease of the population, the negative changes in its structure can have negative and drastic economic and social effects if the governments do not intervene reasonable time. The implementation of measures must be well thought out, with the possibility of financial support and maintained for a long time, so that the expected effects appear. In Europe, some governments (especially in Eastern Europe) have already assumed this responsibility, implemented a series of measures to keep the youth in the country, to increase the number of children, with the purpose of increasing the population and balancing its structure. The paper presents a comparative analysis of the measures implemented by three European countries (Poland, Romania and Hungary) in order to increase the population in the following decades.

Open access