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. Structural Change and Economic Dynamics, 6: 23-42. Roper, S. and Hewitt-Dundas, N. (2015). Knowledge stocks, knowledge flows and innovation: Evidence from matched patents and innovation panel data. Research Policy, 44(7): 1327-1340, Rugman, A.M. and Verbeke, A. (1993). Foreign Subsidiaries and Multinational Strategic Management: An Extension and Correction of Porter’s Single Diamond Framework. MIR: Management International Review, 33: 71-84. Rumelt, R.P. (1997). Towards a Strategic Theory of a Firm. In: N.J. Foss (ed

.5897/AJBM12.010 . Uko, J.P. and Ayatse, F.A. (2014). Market penetration as a growth strategy for Small and medium enterprises in Nigeria. Management and Administrative Sciences Review , 3 (1), 8–23. Veseli, N., Aziri, B. and Veseli, T. (2012). Are marketing strategies implemented by SMEs in the republic of Marcedonia? The Romanian Economic Journal , 15 (46), 137–152. Vorhies, D.W., Morgan, R.E. and Autry, C.W. (2009). Product-market strategy and the marketing capabilities of the firm: Impact on market effectiveness and cash flow performance. Strategic Management

. Journal of Finance, 43(3), pp. 541-566. Senarathne C.W., 2019a, The leverage effect and information flow interpretation for speculative bitcoin prices: Bitcoin volume vs ARCH effect , European Journal of Economic Studies, 8(1), pp. 77-84. Senarathne C.W., 2019b, The information flow interpretation of margin debt value data: Evidence from the New York Stock Exchange, Applied Economics Journal, 26(1), pp. 31-46. Senarathne C.W., 2019c, The impact of internet information flow regarding ‘innovation’on common stock returns: Volume vs Google search querries , Management


The transactions into the international trade of services, today, represent a major component of the international flows of values. This work aims a brief analyze of the Foreign Direct Investments flows’ evolution of the Romanian services economy in terms of volume (as value) and dynamics during the post-crisis years that highlight the Romanian modern economy participation within the global and European production networks level” after 2013 year.

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autoregressive techniques , SOUTH AFRICAN JOURNAL OF ECONOMIC AND MANAGEMENT SCIENCES, Volume: 20, Issue: 1, Article Number: a1660, DOI: 10.4102/sajems.v20i1.1660 Truman, E. (2010). The International Monetary System and Global Imbalances .” January. Available at: . World Bank (2010). Private Capital Flows in Historical Perspective ” ctd Global Development Finance 2000. World Bank (2011). Global Development Finance 2011 (CD-ROM). World Bank (2013). International Debt Statistics 2013. Zhongxia, J. (2013). The Future of the

Bibliography Adamczyk J., 2017, The Accounting Act. Ustawa o rachunkowości , Wydawnictwo C.H. Beck, Warszawa. Arkan T., 2015, The Effects of Earning Management Techniques, Net Income and Cash Flow on Stock Price , Zeszyty Naukowe Uniwersytetu Szczecińskiego nr 855: Finanse, Rynki Finansowe, Ubezpieczenia nr 74(2), Wydawnictwo Uniwersytetu Szczecińskiego, Szczecin. Comporek M., 2016, Determinanty efektywności ekonomicznej aktywów obrotowych przemysłowych spółek giełdowych , Wydawnictwo Uniwersytetu Łódzkiego, Łódź. DeAngelo L., 1986, Accounting numbers as

of Family Business Management, vol. 3, issue 2, pp. 117-135. Brown J., Fazzari S.M., Petersen B.C., 2009, Financing innovation and growth: cash flow, external equity, and the 1990s R&D boom , Journal of Finance, vol. 64, no. 1, pp. 151-185. Brown J., Petersen B.C., 2011, Cash holdings and R&D smoothing , Journal of Corporate Finance, vol. 17, no. 3, pp. 694-709. Bryła P., Jurczyk T., Domański T., 2013, Korzyści współpracy uczelni wyższych z otoczeniem gospodarczym – próba typologii , Marketing i Rynek, 4, pp. 14-19. Colombo M.G., Grilli L., 2005, Founders