<abstract xmlns="http://www.w3.org/1999/xhtml">

The article is devoted to the methodological basis of comparative assessment of the level of inclusion of economic development in different areas and regions. The article focuses on the methodological problems of analyzing, evaluating, and raising the level of inclusiveness of economic development. The importance of raising the level of inclusion in the context of new development trends in society and the economy is interpreted. The need for a new look at the scientific and theoretical basics of economic development are emphasized. Available studies on inclusive development issues are analyzed. Indicators and sub-indices characterizing the inclusive development of the society are proposed. An analysis of international scientific research on the problems of inclusive development was conducted. As the increase in the inclusion of the economy leads to an increase in the Gross Domestic Product (GDP), the urgency of developing its prospects is justified. Ratings of advanced countries on inclusive economic development indices were analyzed. Indicators of inclusive development of international economic organizations have been identified and based on them, relevant improvements have been made and additions have been made. Indicators and sub-indices characterizing the inclusive development of society are offered. The evaluation of inclusive development at the international level is analyzed. The methodological basis of the evaluation of the inclusiveness level is explained and a technique is developed. Key efficiency indicators for inclusive growth and development have been identified. The country's National Inclusive Development Index (NII) is proposed as a dependency on sub-indices that reflect several areas. Subindices and indicators forming the level of inclusion of national economic development have been proposed. The scientific-methodological approach proposed for the assessment of inclusion at the national level is presented in the form of algorithms and conceptual stages. Assessment of the level of national inclusion is offered as Level I - inclusion at the national, social, or macro-level; Level II - inclusion of regional or individual cities and regions; Level III - intersectoral or sectorial inclusion; Level IV - inclusion in the private sector, non-governmental structures; Level V - inclusion in non-governmental and public administration; Level VI - inclusion in the micro or enterprises, production level; Level VII - in several sub-levels as individual inclusion in homes and families. National and international evaluation of the inclusive society and economic development is studied. The main factors of inclusive development of Azerbaijan's economy such as GDP per capita, labor productivity, expected healthy life length, employment level, Gini index of income, poverty level, Gini index of wealth, monthly household income, net savings, carbon capacity, public debt to GDP indicators such as ratio, demographic load ratio have been developed. The importance of the use of inclusion technologies was highlighted and reported on. It was noted that the effective platform for increasing the inclusion of the information society has many opportunities. It was noted that the globally implemented “Internet of Things” (IoT), Cloud computing, soft-computing, Big Data technologies, and components of the 4.0 Industrial Revolution will create additional opportunities for joint effective activities of citizens in society, increasing the level of inclusion.
</abstract>

Methodological Basis of the Comparative Evaluation of Inclusiveness Level of Economic Development

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This paper is an attempt to analyze the effects of current exchange rate regimes on the economic growth achieved by the MENA countries. To determine in a dynamic perspective new relationships that will be established between growth and exchange rate regimes, we are looking for an answer to two major concerns, namely: the question of the choice of the exchange rate regime and the question of the impact of this choice on economic performance. To reach our objective we first studied the theoretical and empirical literature of the exchange rate regime and then we had to study the evolution of the exchange rate regime in MENA countries. Then, we got an economic model based on the determinants of growth. The data used on this model takes the form of panel data for 5 MENA countries (Algeria, Egypt, Jordan, Morocco, and Tunisia) for the period 1984-2019, as well as, several methods of modeling will be discussed, to finally adopt one from them that best applies to our research goal and shows several possibilities that can be used to apply this model in different ways depending on the country considered. The results reveal that it is very important to take into account the monetary policy framework that accompanies the exchange rate regime when assessing the effects of this regime on the overall performance of the economy.
</abstract>

University of Mascara; BP 305 Route de Mamounia

The Current Exchange Rate Regimes Effect’s on the Economic Growth: Case Studies of MENA Countries

<abstract xmlns="http://www.w3.org/1999/xhtml">

Market risk with its major components, such as the risk of interest rate instruments, currency risk, and risk related to stock and commodity investigations, represents the risk of losses in balance sheet and off-balance sheet positions, resulting from negative market price movements. Portfolios of instruments traded for short-term profits, called trading portfolios, are exposed to market risk or risk of loss, resulting from changes in the prices of instruments, such as stocks, bonds, and currencies. This paper, through theoretical and empirical methods, assesses risk by using the probability distribution of daily variations in government bond yields. Long-term government securities in most cases have a higher return due to the higher level of risk assumed regarding changes in risk factors such as interest rates, which, when raised above a certain threshold, cause a price decrease, which illustrates the price sensitivity to long-term bonds. Using Value at Risk as the main element for determining the maximum possible loss on investment in a trading book, as well as statistical tests to measure the similarity between two or more distributions such as the Kolmogorov-Smirnov test, Anderson -Darling or Chi-squared, we identified the most representative theoretical probabilistic distribution both for the value of losses and for the frequency of risk events. At the same time, the most used distributions to manage the market risk by advanced methods and, of course, the distributions used in this paper, were Weibull and Pareto (including the generalized form), as well as other distributions, because they better capture the asymmetry in queues and the presence of thick tails. Modeling the distribution of losses requires choosing from a set of probable distributions, the one with the highest log-likelihood.
</abstract>

National University of Political Studies and Public Administration

Market Risk Management - Modeling the Distribution of Losses Using Romanian Securities

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The objective of this empirical study is to analyze the role of the industrial revolution 4.0 (IR4.0) on Vietnamese enterprises. The IR4.0, which relates to the breakthrough of the Internet of Things and artificial intelligence, has brought about changes in the manufacturing industry and had a significant impact on Vietnamese enterprises. A review of previous studies combined with secondary data has been applied for analyzing and supporting the evidence of the impact of IR4.0 on Vietnamese enterprises. The analysis has provided evidence that aside from its beneficial opportunities, the IR4.0 will create many challenges for Vietnamese enterprises, impacting management, operations, and the manufacturing sector. The concept of IR4.0 and its impact on enterprises and economies should be considered and the IR4.0 will accelerate the process of technological innovation. This is derived from the nature of the IR4.0, which is based on digital technology and integrates all intelligent technologies. It is evident from the data analysis and the synthesized information that Vietnamese enterprises in IR4.0 have advantages and opportunities to access the new technologies. In adapting to the requirements stemming from this revolution, enterprises should increase their investment in applying new technologies to take opportunities into the current market. Due to this issue, Vietnamese enterprises need to change and be innovative in their overall strategy, adapt and make good use of the benefits and opportunities, provide solutions to the new challenges, and achieve the competitive advantages within the IR4.0. Based on the outcomes of this study, management practitioners and researchers can refer to and apply these findings for future in-depth studies of how IR4.0 is affecting Vietnamese enterprises and make relevant recommendations.
</abstract>

Malaysia University of Science and Technology

An Analysis of the Effects of the Fourth Industrial Revolution on Vietnamese Enterprises

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Throughout this research paper we want to emphasize the correlations of theory and practice regarding the topic of the entrepreneurial university. The research combines a two-level approach by correlating both a qualitative-bibliometric analysis and a quantitative exploratory analysis. To identify the theoretical descriptors of the “entrepreneurial university” concept we performed a cluster analysis by using VOSviewer software selecting the published articles in the Scopus database since its beginning. The relevance of this analysis consists in the opportunity of extracting the most relevant information on the analyzed topic according to several criteria such as keywords, co-occurrence, co-citation, or publication topics by year. From this perspective the pieces of evidence are meaningful and we shall present them within the sections of the paper. On the other hand, for obtaining a practice grounded perspective, we applied 350 questionnaires to a target group involved in a university grant for young entrepreneurs. The purpose of the survey was to determine a series of characteristics and patterns of behavior of respondents related to their entrepreneurial orientation. The questionnaire contained a large number of variables for each individual to identify his/her distinct options and thus to draw the big picture. The variables were grouped into 6 dimensions which we identified as a priority for the entrepreneurial orientation framework: personal traits, motivation, attitude, framework conditions, and skills and knowledge. We statistically processed the survey data to identify the most meaningful correlations and interdependencies between the variables. The results of both research protocols are correlated and argued within the final section of the paper followed by conclusions and further research tracks.
</abstract>

“Stefan cel Mare” University of Suceava

Exploring Strategies for Developing Entrepreneurial Behavior of Students in Romanian Universities

<abstract xmlns="http://www.w3.org/1999/xhtml">

The process of succession is influenced not just by market values, but also by familial bonds. During this case's investigation, it was discovered that sibling rivalry appears to be the source of interpersonal conflict, which is the outcome of a lack of communication over time. It would eventually have an impact on the efficiency of company succession procedures. Successor preparation entails more than just gaining information, insight, and talent. If successors are to have the legitimacy required to run a company, they must gain credibility with both internal and external stakeholders. To have a successful succession, one must first grasp the various traits that are required. This study is based on a single case analysis, primary data being collected through interviews with the family members and correlated with secondary data sources. It further analyses the direct and indirect influences of the critical success factors on the succession process out of which recommendations and an implementation plan emerge. Taking into account both internal and external factors affecting the succession process in a family business, it is suggested that, to be successful, they must recognize this challenge and address it by implementing governance structures that establish clear procedures to consider when family and business conflicts and misunderstandings arise. Such institutions must be in place before the situations they govern occur.
</abstract>

Dimensions of Successful Succession. The Case of Turago Star

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The financialization of society has generated an ethos based on the desire for profit without ethical limits worldwide, leading to the destruction of natural ecosystems and cultures, and poverty and inequality. Moreover, the financial lack of control has led to the crisis of the system itself, not only economically but also environmentally, because financial capitalism is not sustainable, since it needs to grow indefinitely to maintain itself. Naturally, this is not feasible for the simple fact that we live in a closed system, with limits that cannot be surpassed, which is Earth. Therefore, the grounds of this article rely upon the following hypothesis: the strategy against financial capitalism and consumer society resides in the transformation of the “American way of life” into a sustainable lifestyle. First and foremost, the present article aims to describe and offer an in-depth perspective about what, in the specialized literature, is known under the name of “The American way of life”. Our main goal is to pinpoint some of its key features and try to offer, for each one of them, a sustainable counterpart. Hence, a systematic literature review of the subject matter has been carried out with a search for information in various media such as books, magazines, newspapers, and web pages. The main topics pondered were: political and economic news; critical philosophical thinking with capitalism; the history of ecology and current proposals; and conferences of international institutions related to sustainable development. Therefore, the article is structured as follows: the first part of the article aims to review the current situation, based on recent informative data, books on the main theme as well as documents from international organizations. Thus, an analysis of the role of culture in civilization is being carried out, focusing on the cultural model of capitalist civilization and the reasons for its crisis, throughout the literature review. Secondly, we try to explain why there is a global need to move towards sustainable development by analyzing the possibilities of evolution. Finally, we try to advocate for a sustainable-oriented paradigm of doing business, one that can help us redirect and reconfigure our business effort of growing and expanding, underpinning research and practice of sustainability and development. It is therefore essential to adopt a core framework for practice and research on human-environmental systems, to bridge gaps between science and practice – on one hand, and social, ecological, professional sciences - on the other hand.
</abstract>

Sustainability and Financing: “The American Way of Life”-Switching Gears Towards a Sustainable Approach

<abstract xmlns="http://www.w3.org/1999/xhtml">

Multiple studies show that the contemporary society is increasingly more responsible and ask companies to prove responsible citizens, too. The current study aims to a better understanding of the role of age plans in responsible consumption attitudes and values. Investigating the literature in the field, including studies developed worldwide as well as on the Romanian market. The research documents that the younger adults are more responsible and greener than older persons. Nevertheless, the older the consumer, the more trustful in the personal impact of her/his consumption is. The older adults seem to be less inclined towards responsible buying. The available data also suggests that the age gap is closing, and older consumers tend to be increasingly more responsible.
</abstract>

alexandra.zbuchea@facultateademanagement.ro

Ageing and Responsible Consumption

AHEAD OF PRINT

Volume 12 (2024): Issue 1 (March 2024)

Volume 11 (2023): Issue 4 (December 2023)

Volume 11 (2023): Issue 3 (September 2023)

Volume 11 (2023): Issue 2 (June 2023)

Volume 11 (2023): Issue 1 (March 2023)

Volume 10 (2022): Issue 4 (December 2022)

Volume 10 (2022): Issue 3 (September 2022)

Volume 10 (2022): Issue 2 (June 2022)

Volume 10 (2022): Issue 1 (March 2022)

Volume 9 (2021): Issue 4 (December 2021)

Volume 9 (2021): Issue 3 (September 2021)

Volume 9 (2021): Issue 2 (June 2021)

Volume 9 (2021): Issue 1 (March 2021)

Volume 8 (2020): Issue 4 (December 2020)

Volume 8 (2020): Issue 3 (September 2020)

Volume 8 (2020): Issue 2 (June 2020)

Volume 8 (2020): Issue 1 (March 2020)

Volume 7 (2019): Issue 4 (December 2019)

Volume 7 (2019): Issue 3 (September 2019)

Volume 7 (2019): Issue 2 (June 2019)

Volume 7 (2019): Issue 1 (March 2019)

Management Dynamics in the Knowledge Economy

Aims and Scope  The aim of Management Dynamics in the Knowledge Economy (MDKE) is to address in an interdisciplinary framework the dynamics of the organization management and its strategic approaches by considering the imperatives and the contingencies of the new societal and economical environments at a local, national or global scale, with a special emphasis on emerging economies.  MDKE aims to foster meaningful academic discussions and to support the exchange of ideas on principles, strategies, models, techniques, methodologies, and applications of management science in all the important fields of interest.  The first issue of MDKE was published in April 2013, both online and in print. The journal was initiated by Prof. Dr. Constantin Brãtianu from the Bucharest University of Economic Studies, Prof. Dr. Florina Pînzaru and Prof. Dr. Alexandra Zbuchea, from the Faculty of Management, National University of Political Studies and Public Administration (SNSPA), Bucharest, Romania. Starting with 2015, the journal is published exclusively online, 4 issues annually. Since 2019 the journal is published in cooperation with de Gruyter, on the Sciendo platform.  As intended from its very beginning, the journal is interested in research that crosses the boundaries of single academic subjects stimulating interdisciplinary, multidisciplinary and transdisciplinary research. Topics can cover research, non-exclusively, in the following domains: management, strategic management, innovation management, change management, international management, organizational behavior, entrepreneurship, leadership and governance, knowledge management, brand management and consumer behavior, business, business process optimization, corporate social responsibility, financial and economic management, e-business and digitalization, and sustainability management.  Types of Submissions  The journal welcomes three types of submissions, namely: conceptual papers, research articles and literature reviews, all of them being subject to a double-blind peer review.  Description of the Peer Review Process  Management Dynamics in the Knowledge Economy is a double-blind peer-reviewed academic publication. Peer review is a key element of scientific publishing, and it serves several main purposes: to filter the research to select the most relevant studies; to improve research quality, by highlighting key points and correcting errors; to help the authors to improve their work, through offering specific comments on the key aspects of a research article: title, abstract, keywords, content and analysis, discussions, conclusions and references.  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MDKE is available online to the readers without financial, legal, or technical barriers (no article publication charges), based on the theory to keep an article's content intact. Authors can use Creative Commons licenses to specify usage rights of articles.  This journal is licensed under a Creative Commons — Attribution-NonCommercial-NoDerivatives 4.0 International — CC BY-NC-ND 4.0.  Copyright Notice  Authors hold the copyright for the published papers. They can make the respective works available in different situations, such as: on their websites, on universities blackboard systems, as teaching materials, etc.  APC Policy  To publish in Management Dynamics in the Knowledge Economy, authors are not required to pay an Article Processing Charge.  Manuscript Formatting  Formatting – Before publication, all articles undergo a formatting stage in which their format is made compatible to the requirements of the journal MDKE. All authors are asked to comply with the Article Template requirements before submitting their articles, but all accepted articles still require minor alterations in format and style. Once the editorial team agrees on the final version, a final copy of the article will be sent to the authors for approval and then will be sent to the Publishing House to ensure the online publication. After that moment, the papers cannot be altered in any way. For further details, please see Author guidelines page.  Manuscript Submission  Authors should submit their manuscript in a MSWord format, adapted for the Windows operating system and DOC or RTF file to the Editor via the online platform. No hard copies are required.  When submitting an article, no author identification has to be provided in the paper uploaded initially on the platform. If the paper is finally accepted for publication, the final submission should comply with the MDKE Author Guidelines. 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Authors whose articles have been rejected for reasons other than fraud can choose to resubmit their work for a second time. If after the second try the article is still not considered a good fit for the journal, then the author is prohibited from resubmitting the work again.  If the article passes this pre-selection then it is sent for peer-review to two professionals with experience in the field. This stage lasts for maximum four weeks, depending on the complexity of the article and the availability of experts in the field. The final decision of the peer-review process can be as follows:    Accepted with no changes – When the paper satisfies all qualitative and quantitative requirements.  Accepted with minor changes – This decisions signal that the article in its present form, with minor modifications is suitable for publication. 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