A Study Regarding the Re-treatment of the Balance Sheet and of the Profit and Loss Account under Circumstances of Inflation and Hyper-inflation Approached According to the Conception of International Financial Reporting Standards

Inflation constantly has been seen as a controversial economic phenomenon that has generated numberless chronic lacks of balance in economy. In a hyper-inflationist economy the report without inflation re-treatment of the balance sheet and the profit and loss account is no more relevant for those who use accounting data, and the 90s’ Romania certainly faced such a hyper-inflationist economy. As the evaluation basis in accountancy is historic cost, and, due to the fact that under circumstances of high inflation, historic cost suffers a series of changes that distort reality, several accounting methods are employed. Theses accounting methods under circumstances of inflation may rely on conversion, evaluation or other mixed methods that consist in re-treating the financial reports of the companies at opening and closing these financial reports. As under the present circumstances a too rapid economic growth is envisaged for Romania that might determine the increase of inflation, the re-treatment of the balance sheet and of the results account could be a necessity in the future.inflation, balance sheet, profit, loss, re-treatment, evaluation, index, adjustment, price, hyper-inflation

The drivers of Corporate Social Responsibility in the supply chain. A case study.

Purpose: The paper studies the way in which a SME integrates CSR into its corporate strategy, the practices it puts in place and how its CSR strategies reflect on its suppliers and customers relations. Methodology/Research limitations: A qualitative case study methodology is used. The use of a single case study limits the generalizing capacity of these findings. Findings: The entrepreneur’s ethical beliefs and value system play a fundamental role in shaping sustainable corporate strategy. Furthermore, the type of competitive strategy selected based on innovation, quality and responsibility clearly emerges both in terms of well defined management procedures and supply chain relations as a whole aimed at involving partners in the process of sustainable innovation. Originality/value: The paper presents a SME that has devised an original innovative business model. The study pivots on the issues of innovation and eco-sustainability in a context of drivers for CRS and business ethics. These values are considered fundamental at International level; the United Nations has declared 2011 the “International Year of Forestry”

International Conference Management, Business and Economics

UBT Annual International Conference is the 9th international interdisciplinary peer reviewed conference which publishes works of the scientists as well as practitioners in the area where UBT is active in Education, Research and Development. The UBT aims to implement an integrated strategy to establish itself as an internationally competitive, research-intensive university, committed to the transfer of knowledge and the provision of a world-class education to the most talented students from all background. The main perspective of the conference is to connect the scientists and practitioners from different disciplines in the same place and make them be aware of the recent advancements in different research fields, and provide them with a unique forum to share their experiences. It is also the place to support the new academic staff for doing research and publish their work in international standard level. This conference consists of sub conferences in different fields like: Art and Digital Media Agriculture, Food Science and Technology Architecture and Spatial Planning Civil Engineering, Infrastructure and Environment Computer Science and Communication Engineering Dental Sciences Education and Development Energy Efficiency Engineering Integrated Design Information Systems and Security Journalism, Media and Communication Law Language and Culture Management, Business and Economics Modern Music, Digital Production and Management Medicine and Nursing Mechatronics, System Engineering and Robotics Pharmaceutical and Natural Sciences Political Science Psychology Sport, Health and Society Security Studies This conference is the major scientific event of the UBT. It is organizing annually and always in cooperation with the partner universities from the region and Europe. We have to thank all Authors, partners, sponsors and also the conference organizing team making this event a real international scientific event

Understanding entrepreneurial resilience development within institutional constraints: a case of Ghana.

This thesis contributes towards understanding the dynamic phenomenon of entrepreneurship by exploring how entrepreneurs developed resilience within institutional constraints at the lived experience level. This is a qualitative research based on several assumptions of the phenomenological paradigm. The research describes the experiences of thirty-four participants - twenty-three practising entrepreneurs, and eleven Directors whose institutions support entrepreneurship, particularly the dimensions of the institutional profile, as well as how they developed resilience within institutional constraints. The study proposes that entrepreneurial resilience development is dynamic reflecting the context in which it arises. Institutions determine the rule of the game for entrepreneurs, in that entrepreneurs fit within the limitations provided by the institutional framework (North, 1990). The institutions shape opportunity fields for entrepreneurship, determine the ease and transaction cost of entrepreneurship, determine the stability and certainty of the environment, guide the strategic activities of entrepreneurs, confer legitimacy on entrepreneurs, (re)allocate entrepreneurship, and counter market failures for entrepreneurs. The experiences of the individuals indicate such constraint limits what the entrepreneurs are capable of doing. The research therefore focuses on how the entrepreneurs survived within such constraints, especially operating within underdeveloped institutions. In particular, the participants described how they were able to survive within such institutional constraints. The term 'resilience' can sometimes be trivialized to mean 'ego-resilience', which basically talks about certain characteristics that individuals' exhibit to show their resilience. Instead, apart from individuals exhibiting certain characteristics, there are several contextual activities that must be put in place to ensure survival or recovery within institutional constraints. These activities represent the resilience strategies that the entrepreneurs designed and implemented so as to survive institutional constraints - breakthrough, circumvent, destructive, and other strategies. The study concludes that entrepreneurial resilience strategy occupies a central role within three complex, interactive and interdependent processes - institutions, entrepreneurship, and resilience. Furthermore, entrepreneurship is engulfed in institutions, which act as the "determinant", "promoter", and "inhibitor" of entrepreneurial activities. Hence, entrepreneurs need to develop resilience through preventative, reactive or agility strategies, so as to be able to survive the institutional arrangements. The research therefore works towards a more integrated perspective of entrepreneurship development

Fuelling the zero-emissions road freight of the future: routing of mobile fuellers

The future of zero-emissions road freight is closely tied to the sufficient availability of new and clean fuel options such as electricity and Hydrogen. In goods distribution using Electric Commercial Vehicles (ECVs) and Hydrogen Fuel Cell Vehicles (HFCVs) a major challenge in the transition period would pertain to their limited autonomy and scarce and unevenly distributed refuelling stations. One viable solution to facilitate and speed up the adoption of ECVs/HFCVs by logistics, however, is to get the fuel to the point where it is needed (instead of diverting the route of delivery vehicles to refuelling stations) using "Mobile Fuellers (MFs)". These are mobile battery swapping/recharging vans or mobile Hydrogen fuellers that can travel to a running ECV/HFCV to provide the fuel they require to complete their delivery routes at a rendezvous time and space. In this presentation, new vehicle routing models will be presented for a third party company that provides MF services. In the proposed problem variant, the MF provider company receives routing plans of multiple customer companies and has to design routes for a fleet of capacitated MFs that have to synchronise their routes with the running vehicles to deliver the required amount of fuel on-the-fly. This presentation will discuss and compare several mathematical models based on different business models and collaborative logistics scenarios

PROCEEDINGS 5th PLATE Conference

The 5th international PLATE conference (Product Lifetimes and the Environment) addressed product lifetimes in the context of sustainability. The PLATE conference, which has been running since 2015, has successfully been able to establish a solid network of researchers around its core theme. The topic has come to the forefront of current (political, scientific & societal) debates due to its interconnectedness with a number of recent prominent movements, such as the circular economy, eco-design and collaborative consumption. For the 2023 edition of the conference, we encouraged researchers to propose how to extend, widen or critically re-construct thematic sessions for the PLATE conference, and the paper call was constructed based on these proposals. In this 5th PLATE conference, we had 171 paper presentations and 238 participants from 14 different countries. Beside of paper sessions we organized workshops and REPAIR exhibitions