Aspects Regarding the Impact of the "Rabla" Program and the "Casa Verde" Program on the Ecological Consumption in Romania

The modern consumer behavior has been very complex in the recent context of budgetary restrictions occurred after the global crisis, but it has also been changed and influenced by different selections of strategies in order to purchase and use the products/ services. The supply results have also been changed, according to a better response to consumer needs, specific to the new consumption cycle. The consumer reaction to the green products/ services has been highly influenced by the economic consequences. A new role of experience and adaptability of consumers could be seen as completed by anticipation strength. A more aggressive response related to the quality of products/ services on their entire life cycle, but yet quasi-ignorance in the aspects of environmental consequences it still result. The main objective of the paper consists in offering a better understanding of the new philosophy of Romanian consumers based on different simple models of replacing generalized durable goods (GDGs) in a simple, but intuitive analytical framework. The impact of Rabla programs over the eco-friendly products consumption within the proposed hypothesis has been strongly limited by the economic component (by the costs associated to maintenance, the energetic products consumption and the environmental taxes).consumer’s behavior, environment, consumer’s decision, generalized durable goods (GDGs)

CONTEMPORARY GLOBALIZATION - CONFRONTATIONS OF IDEAS

In the last years the humanity assists to the fundamental changes in economy no matter the level from which is regarded. These changes are so fast and intensive that many times the humanity is confronting also with adaptation difficulties and also with thglobalization, antiglobalization, mondialization, internationalization

NEW ASPECTS REGARDING THE EVALUATION OF INVESTMENTS IN CRITICAL INFRASTRUCTURE

The additional risks associated to the actual global and contagious crisis put a severe pressure on the investments in critical infrastructure and there is a real need for new valuations especially those regarding the synergic financing strategies in critsynergic investments, critical infrastructure, real options valuation (ROV)

Aspect Regarding the Design of Active Strategies for Venture Capital Financing – the Flexible Adjustment for Romania as a Frontier Capital Market

Industry 4.0 revolution find a real interest of entrepreneurs but in the case of frontier and emerging markets it is difficult to find a reliable source of long-term financing. The decoupling of the technological evolution from the evolution of the access to financing capacities must be analysed from different point of view (financial, legislative, socio- technical). In Romania, as a frontier market there are only few alternative investment solutions capable to respond to the long-term financing demand of performant projects. The main interest is to understand the strategies for adaptation of venture capital fund (VCF) at real conditions. Venture capital funds (VCF) represents a particular form of private equity investments, scale down and more focused on innovative start-up (or even expansions on technology or markets) projects (the typical value is 10 mil Euro). This form of investments is a personalized response to the general problem related to the actors that do not have tangible assets for collaterals and / or cannot demonstrate the ability to make a profit. In the case of VCF, as a vehicle oriented on innovation and technology, the business plan represents the main element for project portfolio selection in the context of matching the interests of investors with the interests of financed firm’s managers. This contribution is especially important for the case of frontier and emerging markets characterized by additional restrictions (access to strategies, liquidity problems, and agency costs beyond a simple monitoring). For Romania, it is essential to adapt VCF investors\u27 objectives to all phases (selection, evaluation, contract signing and restructuring, progress monitoring, stimulating value-added and, especially, closing the VCF cycle) to real conditions and considering the performance indicators balancing with the value creation mechanisms specific of industry 4.0. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

An Innovative Flexible Investment Vehicle Oriented to Sustainability – The Adaptation of Hedge Funds in the Case of Emerging Markets

The problem of investments oriented on sustainability in emerging markets is actual and complex and should be carefully analysed in order to offer the optimal strategies. The sustainable investments based on ESG (environmental – social - governance) criteria could better respond to the global market drivers (the interest on environmental concerns, the spectral dynamics of energy prices, the speed of technological change) with impact on the design of new business models. The interest is to find an effective and efficient strategy and a vehicle capable to mobilize a critical mass of investment funds oriented in sustainability in the new context of Industry 4.0. The proposal to introduce socially responsible investment funds (SRIF) as a new investment area and hedge fund, as the structure of alternative investments in emerging markets is an absolute novelty for Romania, in the context of a capital market that only in 2020 it move to emerging market status. Putting into practice through effective implementation is possible considering specific adaptation elements presented in this proposal. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.</p

ECONOMIC DEVELOPMENT OF THE NORTHEASTERN REGION OF ROMANIA THROUGH THE ABSORPTION OF EUROPEAN FUNDS. A CASE STUDY OF THE ANTUR PROJECT

According to European Union evaluations, absorption of European funds is a challenge for all member states, but it is particularly difficult for those countries that joined later and are still catching up and aligning with the Union's economic policies and standards, leading to a lower absorption rate. In this context, the Antur project, which has been launched by Stefan cel Mare University of Suceava in cooperation with Addvances Strategic Solutions, should be seen as a solution to these findings. The project's primary objective was to promote the growth of the private sector and employment in the North-East region while also fostering entrepreneurship and developing entrepreneurial spirit on a regional scale. Because education has long-term effects and can cause changes in how people report to the labor market, the project's target group of 300 beneficiaries constitutes a substantial boost in medium and long-term human capital investment. The purpose of this research is to measure the project beneficiaries' level of affiliation with the entrepreneurial ecosystem by employing a questionnaire as a quantitative research approach to determine their perceptions of the entrepreneurial ecosystem pillars. Each pillar was given a hypothesis, which was either confirmed or disproved after the application of the questionnaire, which also included questions that aided us to operate a demographic profile of the respondents, along with questions regarding their education level and field of activity. After analyzing the data, we encountered that six of the eight hypotheses proposed have been confirmed, implying that the Antur project's beneficiaries own a solid knowledge of the entrepreneurial ecosystem, as a result of the entrepreneurial skills training and the successful implementation of the startups

Exploring Strategies for Developing Entrepreneurial Behavior of Students in Romanian Universities

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

Aspect Regarding the Design of Active Strategies for Venture Capital Financing – the Flexible Adjustment for Romania as a Frontier Capital Market

Industry 4.0 revolution find a real interest of entrepreneurs but in the case of frontier and emerging markets it is difficult to find a reliable source of long-term financing. The decoupling of the technological evolution from the evolution of the access to financing capacities must be analysed from different point of view (financial, legislative, socio- technical). In Romania, as a frontier market there are only few alternative investment solutions capable to respond to the long-term financing demand of performant projects. The main interest is to understand the strategies for adaptation of venture capital fund (VCF) at real conditions. Venture capital funds (VCF) represents a particular form of private equity investments, scale down and more focused on innovative start-up (or even expansions on technology or markets) projects (the typical value is 10 mil Euro). This form of investments is a personalized response to the general problem related to the actors that do not have tangible assets for collaterals and / or cannot demonstrate the ability to make a profit. In the case of VCF, as a vehicle oriented on innovation and technology, the business plan represents the main element for project portfolio selection in the context of matching the interests of investors with the interests of financed firm’s managers. This contribution is especially important for the case of frontier and emerging markets characterized by additional restrictions (access to strategies, liquidity problems, and agency costs beyond a simple monitoring). For Romania, it is essential to adapt VCF investors\u27 objectives to all phases (selection, evaluation, contract signing and restructuring, progress monitoring, stimulating value-added and, especially, closing the VCF cycle) to real conditions and considering the performance indicators balancing with the value creation mechanisms specific of industry 4.0. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p