L’intégration Monétaire de la Roumanie entre Coûts et Bénéfices

Il n’y a pas dans notre pays de stratégie qui concerne bien techniquement l’adoption de l’euro. Il s’imposerait d’essayer, quoiqu’il soit très téméraire, d’identifier le moment opportun pour l’introduction de l’euro. Ce n’est pas facile mais il faut s’y mettre puisqu’il s’agit de faire suivre l’évolution et l’identification des tendances d’intégration de la Roumanie dans la zone euro, de faire également attention aux modèles d’intégration monétaires développés en Europe et bien entendu de mettre en place des scénarios alternatives pour la Roumanie. Et tout cela tout en évaluant de près les coûts et les bénéfices de l’adoption de l’euro car l’intégration monétaire de la Roumanie est bien importante et le fait d’envisager aussi où l’on est avec les coûts pourrait nous faire éviter certains pièges. Dans notre communication, nous essayons justement de mettre en discussion notamment ces derniers aspects

Searching for new paradigms in a globalized world: Business ethics as a management strategy

The process of globalization is an undeniable reality of today's world. Yet, paradoxically, the cornerstone of this phenomenon, economic performance, varies widely across the world whatever indicator (for example, GDP/habitant, competitiveness) we choose to use to compare countries. Increasingly, studies tend to explain this apparently paradoxical situation with reference to the issue of corruption and ethics. In essence, corruption is perceived to be an important impediment to the economic development of a country (or area). Many studies of corruption are focused at the national level. The aim of this conceptual paper is to explore the role of the firm (as opposed to national states or international institutions) as an influence on national corruption. We call for firms to reconsider their behavior regarding corruption, particularly in relation to their relationships with their stakeholders. We argue that by focusing on issues such as cooperation and stakeholder theory, a firm will change the way it does businesses by reducing private‐to‐public as well as private‐to‐private corruption and incorporating business ethics into its management strategies. First published online: 14 Oct 201

The Case of “EMU-Outsiders”: Economic and Political Considerations

Our paper discusses the option of three EU countries – United Kingdom, Sweden and Denmark – of not joining the EMU and analyses whether besides their subjective option of staying out of the EMU there is also an economic reason behind this decision, based on existing literature in the field. The three “EMU-outsiders” are different in terms of economic power, financial market attributes, monetary policy rules employed and political decisions. In each case, the choice to remain outside EMU was based on economic reasons, as well as political and sometimes nationalist arguments. Of the three countries under scrutiny, Denmark is by far the one which has the best prospects of joining EMU, given its fixed exchange rate against the Euro, and United Kingdom the worst, particularly given the recent vote for Brexit. At the same time, the sovereign debt crisis that the EU and particularly the EMU had to confront between 2009 and 2011 has seriously threatened the eventual adoption of the common currency by these economies

The Influence of Oil Price on Renewable Energy Stock Prices: An Analysis for Entrepreneurs

This study investigates the relationship between oil price fluctuations and renewable energy stock returns using daily data on Brent crude oil prices and global renewable energy stock market indices between 29 November 2010 and 18 February 2020. The investigation is based on the existing evidence on positive correlations between stock prices and oil prices, but it also considers the shift from non-renewable to renewable sources of energy. A two-stage GARCH(1,1) model and a Granger causality test were applied. Our results show that volatility clustering is present in the renewable energy companies‘ stock prices, but, oil price volatility does not seem to induce any significant effects on returns‘ volatility. This might suggest that oil markets and renewable energy markets are rather disconnected, which means that the development of renewable energy businesses is less affected by potential shocks in the oil prices and markets. As a result, the exposure of companies and entrepreneurs in the renewable sector to an important source of macroeconomic volatility is reduced

Programmatic Advertising and Online Publishers: The Case of Libertatea.Ro

Programmatic advertising rose in the early 2000s, aiming at streamlining the online media buying process. It offered marketers the means to buy millions of advertising impressions instantly and helped publishers increase their revenues. The deployment of automated algorithms for media trading led to a significant decrease in campaign setup and management costs and created a new revenue stream for online publishers. However, by the late 2010s, the emergence of ever more complex algorithms and the opaque practices of the Advertising Technology (AdTech) companies in charge of them have led to complaints that programmatic advertising functions largely as a “black box”. This article inquires into the programmatic media trading process, with a focus on the impact of the algorithms’ increased sophistication on the monetization strategies of online publishers. We analyze the case of Libertatea.ro, a leading Romanian newspaper, in its attempt to offset the decrease of revenue from printed circulation by increasing revenues generated through its online website. The findings show that publishers are forced to apply increasingly complex website monetization strategies. This can, in turn, lead to a loss of control over their advertising inventory and decreased bargaining power when facing AdTech companies, thus threatening the economic models of online publishing

Real-World Data Analysis of Pregnancy-Associated Breast Cancer at a Tertiary-Level Hospital in Romania

Background and objectives: Breast cancer is among the most common cancer types encountered during pregnancy. Here, we aimed to describe the characteristics, management, and outcomes of women with pregnancy-associated breast cancer at a tertiary-level hospital in Romania. Material and Methods: We retrospectively and prospectively collected demographic, oncological, and obstetrical data for women diagnosed with cancer during pregnancy, and who elected to continue their pregnancy, between June 2012 and June 2020. Complete data were obtained regarding family and personal medical history and risks factors, cancer diagnosis and staging, clinical and pathological features (including histology and immunohistochemistry), multimodal cancer treatment, pregnancy management (fetal ultrasounds, childbirth, and postpartum data), and infant development and clinical evolution up to 2020. Cancer therapy was administered following national guidelines and institutional protocols and regimens developed for non-pregnant patients, including surgery and chemotherapy, while avoiding radiotherapy during pregnancy. Results: At diagnosis, 16.67% of patients were in an advanced/metastatic stage, while 75% were in early operable stages. However, the latter patients underwent neoadjuvant chemotherapy rather than up-front surgery due to aggressive tumor biology (triple negative, multifocal, or HER2+). No patient achieved complete pathological remission, but only one patient relapsed. No recurrence was recorded within 12 months among early-stage patients. Conclusions: In this contemporary assessment of real-world treatment patterns and outcomes among patients with pregnancy-associated breast cancer, our findings were generally consistent with globally observed treatment outcomes, underscoring the need for a multidisciplinary team and reference centers

Assessing the Nexus Between Education, Economic Growth, and Innovation: An Empirical Analysis

Countries with a higher proportion of tertiary education graduates are wealthier and offer more diverse and motivating career opportunities to individuals, including students. In recent years, an increasing number of studies have examined the impact of education on wages and economic development and the impact of R&D and innovation on economic and social progress. However, research has focused less on the specific impact of education components (competencies, learning methods, information and communications, technology, and infrastructure) on economic development and innovation. The paper uses quantitative research methodology and dynamic panel models explore the impact of education on economic development, wages, and innovation in the European Union countries and countries that participate in PISA testing, over the period 2012-2019. The data was gathered from Eurostat, and the time period studied ranged from 2012 to 2019. We found evidence that the substantial funding of R&D and education, which promote innovation, supports a country’s need to develop and distinguish itself from others that underfund the most critical areas of economic development. The implications of this study are significant for Romania’s academic and political environments, as it encourages changes in educational policies that will consider the multifaceted impact of educational components on development through innovation