Timisoara Journal of Economics and Business最新文献_第2页

Analysis of the Volume and Provenance of Direct Foreign Investments in the West Region for Development in Romania, with a Focus on German Direct Investments 罗马尼亚西部开发地区外国直接投资的数量和来源分析，重点是德国的直接投资

Timisoara Journal of Economics and Business Pub Date : 2019-12-01 DOI: 10.2478/tjeb-2019-0009

N. Földi

{"title":"Analysis of the Volume and Provenance of Direct Foreign Investments in the West Region for Development in Romania, with a Focus on German Direct Investments","authors":"N. Földi","doi":"10.2478/tjeb-2019-0009","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0009","url":null,"abstract":"Abstract This article is a multicriterial analysis of foreign direct investments in the West Region of Development of Romania, with a focus on German direct investments, taking into account the 4 component counties of Western Development Region: Arad, Caras-Severin, Hunedoara and Timis. The analysis investigates 2 reference years, 2010 and 2016, with statistical data retrieved from the National Trade Register Office, the National Commission for Strategy and Prognosis and www.listafirme.ro, to which are added the author’s own calculations. Conclusions are drawn for each of the considered criteria. For the German industry, Romania has affirmed itself in the last few years as being a direct investment market with a high strategic growth potential. Germany has become, both in exports and imports, one of Romania’s most important business partners. The business relationships between the companies which play an important role in the economic system of the two countries represent a useful tool for the developments of the Romanian-German trade flows. In the case of direct foreign investments, the enterprises show a consolidated presence in several regions of Romania. German investors have shown an increased interest for Romania especially since the end of the 90s of the last millenium. Internationally renowned companies from Germany, such as: Continental, Bosch, Daimler, INA Schaeffler and Kaufland have extended their production activity areas in Romania. The West Region of Development of Romania progressed in a special manner because it is a region with a great desire to collaborate with Germany both geographically, as well as cultural-historically.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"12 1","pages":"165 - 186"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41690305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Is Street Art Good or Bad for You? 街头艺术对你来说是好是坏？

Timisoara Journal of Economics and Business Pub Date : 2019-12-01 DOI: 10.2478/tjeb-2019-0011

Lilian Harding

{"title":"Is Street Art Good or Bad for You?","authors":"Lilian Harding","doi":"10.2478/tjeb-2019-0011","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0011","url":null,"abstract":"Abstract Economic growth can occur within a monolithic, grey urban environment, allowing for decaying facades and deteriorating public spaces. Where artists provide a colorful facelift to urban infrastructure, cities learn to channel the creative capacity of street art. The public good aspect thereby becomes significant in street art’s dimension of wide accessibility and going beyond the controversy of graffiti. This paper explores the case for supporting street art, as a driver for innovation in urban economies. We review the influence of cultural goods on the well-being of various demographic groups and explore the learning process in their consumption. The paper evaluates the willingness to pay towards public culture by controlling for conscious and unconscious exposure to street art in the public space. From a set of 970 field-based interviews, cultural goods ultimately emerge as a promotor of public well-being. Education is the strongest individual characteristic linked with the appreciation of public art. The better skilled further increase their support for potentially controversial cultural goods when works of street art are explicitly presented. A ‘skilled consumption’ emerges for such novel public goods, with further potential for increasing public tolerance through ongoing exposure to art in the urban environment. Finally, as the value of public art amongst the active population is primarily linked to its potential to drive creativity, we will reframe it as a promotor of dynamic local economies, going beyond individual preferences and well-being.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"12 1","pages":"203 - 226"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45066215","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Trade-Off Between Liquidity and Profitability: An Empirical Study of Pharmaceutical Sector in the Republic of North Macedonia 流动性与盈利能力的权衡:北马其顿共和国医药行业的实证研究

Timisoara Journal of Economics and Business Pub Date : 2019-12-01 DOI: 10.2478/tjeb-2019-0007

S. Hristova, Dušica Stevčevska-Srbinoska, I. Mileva, A. Zafirova

{"title":"Trade-Off Between Liquidity and Profitability: An Empirical Study of Pharmaceutical Sector in the Republic of North Macedonia","authors":"S. Hristova, Dušica Stevčevska-Srbinoska, I. Mileva, A. Zafirova","doi":"10.2478/tjeb-2019-0007","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0007","url":null,"abstract":"Abstract The relationship between liquidity and profitability is one of the most interesting topics in the corporate finance research. Having in mind that the pharmaceutical industry is one of the most competitive sectors globally and that its substantial investments in research and development make this industry a key asset for a country’s economic well-being, this paper examines the liquidity-profitability trade off in pharmaceutical sector of RNM. The empirical research engages the secondary annual financial report data of the two pharmaceutical companies listed on Macedonian Stock Exchange (MSE) over the period from 2006-2016. Current ratio (CR), quick ratio (QR) and cash ratio (CAR) were used as measures of liquidity while return on assets (ROA) and return on equity (ROE) were used to measure profitability as a dependent variable. The statistical tests used to evaluate the effects of liquidity on profitability involved descriptive statistics, correlation and regression analysis. The findings suggest that there is no significant relationship between profitability and liquidity determinants of the listed North Macedonian pharmaceutical firms. Regarding practical implications, these findings can help managers overcome dilemmas with respect to the liquidity and profitability tradeoff. Furthermore, this study contributes to the existing research base in this field and represents one of the pioneer attempts in the case of RNM. The results gained from the research are very important for companies themselves, but they can also serve as a starting point for future research to eliminate financial and other corporate issues related to the relationship between profitability and liquidity determinants.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"12 1","pages":"127 - 148"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48033739","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Good Practices for Improving Promotion and Sales for Romanian Ecological Agricultural Products 改善罗马尼亚生态农产品推广和销售的良好做法

Timisoara Journal of Economics and Business Pub Date : 2019-12-01 DOI: 10.2478/tjeb-2019-0004

Irina Hanganu, C. Fleșeriu

{"title":"Good Practices for Improving Promotion and Sales for Romanian Ecological Agricultural Products","authors":"Irina Hanganu, C. Fleșeriu","doi":"10.2478/tjeb-2019-0004","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0004","url":null,"abstract":"Abstract Nowadays, life is an uninterrupted discovery. The consumers tend to have a healthier lifestyle, with a diet that has optimal nutritional values, to maintain their health, in harmony with the nature and the environment. Thus, marketing is selling dreams, impressions, perceptions, creating the opportunity to live through a unique experience, to help the customers write their own story, not just to satisfy them. The main objective of this research is to find ways to support promotion and sales of ecological producers in agriculture. Producers offer high quality products, with no artificial additives and contribute to the protection of the biodiversity and the environment, and implicitly of our health. The exploratory research represents the main purpose of this paper. Starting from the analysis of the literature review related with ecological agricultural market, the evolution of the customer’s behavior and the identification of the components of the promotional mix, an overview is established. The in depth interviews and the analysis of international models show that informing the producers regarding the consumer’s dynamic needs (product diversity and freshness, adaptability to the market demand, online orders, home delivery, the client feedback, the possibility to return goods, to process their own products etc.), openness to associations and collaborations on horizontal and vertical axes, communication and information campaigns, the multi-functionality of farms, proactive promoting, creating a cluster structure are among the key factors to improve sales and promotion.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"12 1","pages":"71 - 86"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42138256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Innovations in Managing Traditional Organizations: German Classic Professional Orchestras, Specific Nature and Innovative Aspects 管理传统组织的创新：德国古典专业管弦乐队、特殊性质和创新方面

Timisoara Journal of Economics and Business Pub Date : 2019-12-01 DOI: 10.2478/tjeb-2019-0010

G. Teohari, N. Bibu

{"title":"Innovations in Managing Traditional Organizations: German Classic Professional Orchestras, Specific Nature and Innovative Aspects","authors":"G. Teohari, N. Bibu","doi":"10.2478/tjeb-2019-0010","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0010","url":null,"abstract":"Abstract The armed forces, the state and the church are multiple-stakeholders organizations, designed according to very specific characteristics that describe their mission and their objectives. Alongside with them, the classic professional orchestra is one of one the oldest and traditional organizations, with distinguished features that describe its organizational culture, its mission and goals, namely: to present the classical music at the highest level of performance, to meet the public’s expectations, to represent their communities as cultural ambassadors and to protect the cultural patrimony. Innovations represent a response to new challenges of today’s society, such as multi culturality, digitalization, the new physical and social setting in which people live. German orchestras dominate by number and by high musical performance level the world’s orchestra market. Contrary to the strictness of the musical service provided by the classical professional orchestra’s “sound organism”, is there room for innovations? According to Forbes magazine, “innovation is crucial to the continuing success of any organization”. Are there any management innovations, and if there are, what is their impact upon the stakeholders’ satisfaction? This article is part of a complex research upon specific and innovative aspects in managing a classic professional orchestra for maximizing the satisfaction of multiple stakeholders.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"12 1","pages":"187 - 202"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46209128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Interpretation of Industry 4.0 by Hungarian Technology-Oriented Startups 匈牙利科技型初创企业对工业4.0的解读

Timisoara Journal of Economics and Business Pub Date : 2019-12-01 DOI: 10.2478/tjeb-2019-0008

Péter Halmosi

{"title":"The Interpretation of Industry 4.0 by Hungarian Technology-Oriented Startups","authors":"Péter Halmosi","doi":"10.2478/tjeb-2019-0008","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0008","url":null,"abstract":"Abstract Technology-oriented startups are valued participants of the economy in the 21st century. By inventing and bringing new technologies to the market, this sector supports not only the growth of competitiveness in the corporate sector but that of the standard of living as well. These companies reinterpret the meaning of enterprise by building new functional business strategies, collaborations and business models. As of changing production sequences, conditions of business activity will change together. In the near future, not only the activity of organisations but of technology and business platforms, networks shall be controlled and developed along the value production chain. As attitude to customers will undergo serious changes, the meaning of team working will also be reinterpreted. The carrier of changes will be the Industry 4.0 framework. Due to this, information technology will not exclusively support business but establish new business value by utilizing companies’ tools and resources. The aim of this paper is to present by a recent survey the attitude of Hungarian technology-oriented startups to the changing business environment in the era of Industry 4.0 which can already be observed in many sectors. The author of this paper believes that technology-oriented startups may take serious role in Europe to fight against low wage countries in the world.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"12 1","pages":"149 - 164"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46323707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

The Service as General Principle of Economic Activity. Productivity or Servicity? 服务作为经济活动的一般原则。生产力还是服务性？

Timisoara Journal of Economics and Business Pub Date : 2019-06-01 DOI: 10.2478/tjeb-2019-0003

Alexandru Jivan, M. Năchescu

{"title":"The Service as General Principle of Economic Activity. Productivity or Servicity?","authors":"Alexandru Jivan, M. Năchescu","doi":"10.2478/tjeb-2019-0003","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0003","url":null,"abstract":"Abstract The paper aims to point out main relevant moments in the researches concerning the service issue, containing the reserve for core developments in economics. Roots are from the literature in the last decade of the previous century, but also certain even elder and diverse more recent developments are evoked as well, by the criterion of their importance mainly for better seeing the issue of productivity, and of the interesting particular developments they got later. Apart from the service economy literature, background comes from the genuine liberalism too. The obvious realities of growing immaterial dimension of human concerns give the actual conditions that make such researches necessary, against the orthodox production and material approach. The reference value of our research is supplemented with the developments we made, including defining conceptual distinctions and suitable particularizations. Such contributions are meant to allow the relevant concerned ideas to be better seen, and to improve economics' approaches. The importance of involving such elements in economic research is conclusively underlined. Purely theoretical, the paper does not contain empirical analyses. It is useful for scholars that wish to widen the horizon of their approaches in attempts to render them topical and to improve the common/dominant economics.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"4 2","pages":"43 - 70"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2478/tjeb-2019-0003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41261201","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Impact of International Remittance Inflows on Nigeria’s Trade Balance 国际汇款流入对尼日利亚贸易平衡的影响

Timisoara Journal of Economics and Business Pub Date : 2019-06-01 DOI: 10.2478/tjeb-2019-0001

A. Maduka, Chekwube Vitus Madichie, Chukwunonso S. Ekesiobi

{"title":"Impact of International Remittance Inflows on Nigeria’s Trade Balance","authors":"A. Maduka, Chekwube Vitus Madichie, Chukwunonso S. Ekesiobi","doi":"10.2478/tjeb-2019-0001","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0001","url":null,"abstract":"Abstract While international remittance inflow is globally recognized as a key source of income for improved standard of living and poverty reduction, there is an ongoing intellectual debate that persistent remittance inflow causes deterioration in trade balances, by inducing import-led consumption expenditures, especially in developing countries like Nigeria. The study investigated the impact of international remittance inflows on Nigeria’s trade balances from 1990 to 2016. The study uses the contemporary econometric techniques of Zivot-Andrew (ZA) structural break unit root test, as well as the Gregory- Hansen cointegration test that allows for a single most significant unknown structural break in both the intercept and the entire coefficient vectors. The results show that remittance inflows to Nigeria have significant negative effect on trade balance, meaning that the Dutch disease effect of remittance inflows prevails in Nigeria. Based on this finding, the study recommends that the remittance inflows to Nigeria should follow the channel of private savings which, in turn, is released to productive domestic investment in order to expand the pool of manufactured products. This will definitely overcome the Dutch disease symptom being experienced in Nigeria.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"12 1","pages":"1 - 16"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47657891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The Influence of Leadership Style on Teachers' Job Motivation and Satisfaction in the Druze Sector of Israel 领导风格对以色列德鲁兹地区教师工作动机和满意度的影响

Timisoara Journal of Economics and Business Pub Date : 2019-06-01 DOI: 10.2478/tjeb-2019-0002

Nabila Kheir-Faddul, Doina Danaiata

{"title":"The Influence of Leadership Style on Teachers' Job Motivation and Satisfaction in the Druze Sector of Israel","authors":"Nabila Kheir-Faddul, Doina Danaiata","doi":"10.2478/tjeb-2019-0002","DOIUrl":"https://doi.org/10.2478/tjeb-2019-0002","url":null,"abstract":"Abstract The present study examines the dominant leadership style of Junior-High school principals in the Druze sector in northern Israel and its influence on teachers' job motivation and satisfaction. A quantitative research based on questionnaires for the teachers was conducted in nine schools. For this purpose, the shortened form of “The Multi-Factor Leadership Questionnaire”, the “Teacher Motivation Questionnaire”, and five questions which check teachers’ job satisfaction were chosen. 224 teachers filled in the questionnaires. Research findings show that the teachers who filled the questionnaires are motivated and satisfied, the transformational leadership style is the most dominant leadership style in the schools; there is a significant positive correlation between transformational leadership style and teacher's job motivation and job satisfaction. Teachers who are part of the management staff are significantly more satisfied with their jobs than teachers who are not. There is a significant difference between the age groups and females on laisser-faire leadership style. Teachers who have been teaching more than 51 years, and are males perceive their principals more laisser-faire than teachers who have been teaching between 31-40 years and are females. The results of this research can be beneficial for the schools. They provide a clear picture to the principals and the teachers. It may strengthen and urge them to set higher goals and visions.","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"12 1","pages":"17 - 42"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42904863","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9

Silent Market Indicator. Methodology to Avoid the Risk in No Significant Price Movements 沉默市场指标。在没有显著价格变动的情况下避免风险的方法

Timisoara Journal of Economics and Business Pub Date : 2018-12-01 DOI: 10.2478/tjeb-2018-0009

Cristian Păuna

{"title":"Silent Market Indicator. Methodology to Avoid the Risk in No Significant Price Movements","authors":"Cristian Păuna","doi":"10.2478/tjeb-2018-0009","DOIUrl":"https://doi.org/10.2478/tjeb-2018-0009","url":null,"abstract":"Abstract Investing in capital markets is a common task today. An impressive number of traders and investors, companies, private or public funds are buying and selling every day on the free markets. The current high price volatility in the financial markets gives everyone a tremendous number of speculative opportunities to make a profit. Sometimes the price makes no significant movement, however. The majority of the trades initiated in those periods will conclude to losses or will need a very long time to become profitable. To avoid these cases, a mathematical algorithm was developed in this paper: The Silent Market Indicator. This article will present the general principles and the mathematics behind the indicator and how it can be applied in financial trading to improve capital investment efficiency. It was found that the model generates a very reliable filter to avoid entry into the silent markets intervals, when the price action conducts to small amplitude price movements and when the profit expectation is lower. In order to reveal the efficiency of the Silent Market Indicator usage, some comparable trading results will be presented in the last part of this article together with the functional parameters optimized for several known capital markets. As a conclusion, it will be proved that the presented methodology is an excellent method to stay away from the market risk. In addition, being exclusively a mathematical model, it can be applied in any algorithmic trading system, combined with any other trading strategy in order to improve capital efficiency","PeriodicalId":30596,"journal":{"name":"Timisoara Journal of Economics and Business","volume":"11 1","pages":"135 - 148"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41937704","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1