Cash Flow and Investment Decision: An Application on the Romanian Agriculture Sector
Publication date: 2018Source: Procedia - Social and Behavioral Sciences, Volume 238Author(s): Matei Tămăşilă, Şerban Miclea, Mihaela Vartolomei, Dan Pascu, Claudiu Tiberiu AlbulescuAbstractThis paper tests the relationship between cash flow and the investment decision of firms from the Romanian agriculture sector. Although the role of cash flow in influencing the investment decision is explained by the financial frictions theory, the investment – cash flow nexus is controversial in empirical investigations. However, only few studies address the bidirectional relationship between the investment decision and the cash ...
Source: Procedia Social and Behavioral Sciences - July 5, 2018 Category: Psychiatry & Psychology Source Type: research

Firms’ Financial Performance and Investment: A Panel Data Analysis Applied to the Wine Industry of CEE Countries
Publication date: 2018Source: Procedia - Social and Behavioral Sciences, Volume 238Author(s): Claudiu Tiberiu Albulescu, Anca Drăghici, Ilie Mihai TăuceanAbstractThe Central and Eastern European (CEE) wine industry is reduced as compared to that of the largest European Union (EU) producers such as Italy, France or Spain, but it has a high development potential. Countries like Romania and Hungary are nowadays well placed in the EU ranking in terms of wine production. However, after the outburst of the recent economic crisis, the level of wine production has considerably fluctuated in the CEE countries, and the same happen...
Source: Procedia Social and Behavioral Sciences - July 5, 2018 Category: Psychiatry & Psychology Source Type: research

The Development Over Time of Valuation bases and Drivers in the Online Retail Industry
Publication date: 2018Source: Procedia - Social and Behavioral Sciences, Volume 238Author(s): Adelin Truşculescu, Anca Drăghici, Daniel PaschekAbstractAs industries mature, the bases and drivers on which company valuation is based evolve. Generally, during the introduction phase, when a new technology emerges, the perceived potential of this technology is what drives the valuation as the company does not yet generate revenues nor profitability. As the company and industry develop, revenues and market position become more important than technology, and at a later point in time, once companies become profitable, profitabil...
Source: Procedia Social and Behavioral Sciences - July 5, 2018 Category: Psychiatry & Psychology Source Type: research

Management of the Reverse Engineering Process in the Plastics Industry
Publication date: 2018Source: Procedia - Social and Behavioral Sciences, Volume 238Author(s): George Belgiu, Constantin CărăuşuAbstractThe management of the Reverse Engineering (RE) process for polymeric parts is a relatively complicated one. Composition on this market segment is tough due to the fact that approximately 85% of the machinery and equipment industry has migrated from the steel parts industry to the plastics industry over the last 30 years. This is why not only old mechanical parts and assemblies are subject to the RE process, but also new parts / products that competition is trying to reproduce. Therefore,...
Source: Procedia Social and Behavioral Sciences - July 5, 2018 Category: Psychiatry & Psychology Source Type: research

Entrepreneurial Competences in Economical Engineering Curriculum in Romania
Publication date: 2018Source: Procedia - Social and Behavioral Sciences, Volume 238Author(s): Gabriela Strauti, Victor-Marian Dumitrache, Ilie Mihai TauceanAbstractSince 2014, when the entrepreneurship education became a strategic direction for the EU policies in education, the EU has been providing increasing support to national policymakers in education, to universities and schools, in order to improve their approaches in entrepreneurship education. In 2016, the EntreComp Framework was launched, being not only a landmark for the public authorities but also a tool for analyzing the entrepreneurial orientation of various c...
Source: Procedia Social and Behavioral Sciences - July 5, 2018 Category: Psychiatry & Psychology Source Type: research

New Method to Optimize the Production Functions in the System of Safety in Operation Management
Publication date: 2018 Source:Procedia - Social and Behavioral Sciences, Volume 238 Author(s): Adrian Vilcu, Ion Verzea, Ionut Viorel Herghiligiu The Safety in Operation system represents the framework within which every technological process operates. Any technological parameter - production, quality, must be analyzed in terms of this system. Mathematical and/or empirical modeling, as the first stage in the determination of the technological processes optimum operation regimes, represents a “must” both in the phase of conception, but mainly in the operation analysis phase. From this standpoint, the introduction o...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

A Systemic Characterization of Organizational Marketing
Publication date: 2018 Source:Procedia - Social and Behavioral Sciences, Volume 238 Author(s): Liana Rodica Pater, Sanda Ligia Cristea The great diversity of marketing definitions and characterizations is not favorable to the theory and practice of the 21st century management, being, generally, the consequence of a non-systemic approach and analysis of organization/ company functions. The present work aims to contribute to the increase of management and marketing rigor in order to achieve lasting/ sustainable progress in all areas. The methodology of systemic approach and analysis is applied at the level of organizatio...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

The Misconceived Delegation of Responsibility
Publication date: 2018 Source:Procedia - Social and Behavioral Sciences, Volume 238 Author(s): Oana Georgiana Andronic, Dănuţ Dumitraşcu The division of labor and the growing number of businesses have led to the situation where the superior is no longer able to make all decisions alone and therefore is required to delegate. Delegation has been around for a long time and has become critical to modern businesses. We must differentiate between delegating an assignment, in the sense of delegation work and delegating the responsibility. These aspects are often misunderstood or not differentiated at all. Employees should ...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

The Effects of an Ambidextrous Leadership on the Relationship between Governance Mechanism and Social Sustainability
This study offers insight on how ambidextrous leaders alternate between a relational contract and a relational governance mechanism and tune their approach to meeting the demands of social sustainability. Data was collected using structured survey questionnaires from manufacturing industries in Pakistan. A structural equation model was used for data analysis. The research findings indicate that ambidextrous leadership and contractual governance mechanism at time servers the needs of manufacturing firms and also serve as a tool to enhance the social sustainability. The results reveal that it is important for the manufacturi...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

The New Governance Paradigm for Firms based on Institutions
This article is devoted to the approach that assists in that self-development. The approach is based on the analysis of the firm as an institutional system, in which some specific elements (institutions and routines) are distinguished, with the help of which the management is carried out. A manager in this kind of firm should not be an administrator of agents, but an institutional entrepreneur who carries out the process of “creative destruction” at the level of organizational routines in the company. The basis of such management is the principle of proportionality of the three institutions forming the firm - the insti...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

Managerial Opportunism in Modern Russian Corporations
This article deals with the structure of the top managers’ remuneration in Russian corporations. There is a rating of the dependence of the level of wages due to the results of manager's activity. The average wage dispersion within manager and staff worker groups of the corporations is estimated. The presented results show that the existence of problems of managerial opportunism are common for all companies in the world and require the development of effective mechanisms for its limitation. (Source: Procedia Social and Behavioral Sciences)
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

Customer Experience Management to Leverage Customer Loyalty in the Automotive Industry
Publication date: 2018 Source:Procedia - Social and Behavioral Sciences, Volume 238 Author(s): F. Scherpen, A. Draghici, J. Niemann This paper presents an investigation on the current market conditions in sales based in the automotive industry and a new approache triggered by the digitization in this industry. Various studies prove that the behavior of the customers has changed drastically. By this customer experience, management becomes a central strategy in the digital age to reach long-term customer loyalty and enterprise growth. It is therefore necessary to adapt the function of the car dealers and, in general, in...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

Efficiency Analysis of Agricultural Cooperation in Russia
Publication date: 2018 Source:Procedia - Social and Behavioral Sciences, Volume 238 Author(s): E. Nikolaeva This paper is devoted to a new approach in the research of the efficiency of cooperative forms of agricultural production organization in Russia. Based on the methodology of the cooperation efficiency evaluation developed by the author, the comparative efficiency analysis of the performance of agricultural enterprises in Russia was carried out. A comparison is made between two forms of agricultural production: cooperative (represented by agricultural production cooperatives) and non-cooperative (represented by pea...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

Applying Experimental Research Management to a Technological Process using Taguchi's Method
Publication date: 2018 Source:Procedia - Social and Behavioral Sciences, Volume 238 Author(s): Alina Bianca Pop, Mihail Aurel Ţîţu, Constantin Oprean, Ştefan Ţîţu The surface quality is dependent on certain cutting process parameters that can vary, causing variations on the surface roughness. The main subject of this paper focuses on the experimental research management applied to a technological process whose final purpose was to determine an equation of the surface roughness depending on the process parameters, obtained by the Al7136 end milling process. The research method used in this paper is the Taguchi'...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research

Improving the Quality Management of the Thermosonic Welding Process of Gold Wires in Automotive Industry
Publication date: 2018 Source:Procedia - Social and Behavioral Sciences, Volume 238 Author(s): Mihail Aurel Ţîţu, Constantin Oprean, Alina Bianca Pop, Ştefan Ţîţu This scientific paper conducts a study meant to improve the quality management of the thermosonic welding process of gold wires in the automotive industry. Within the large amount of electronic products manufactured worldwide, the gold wire bonding is the preferred technology for creating the needed interconnections in the microelectronic industry. In this paper, the quality management improving starts with an experimental research in the automotive ...
Source: Procedia Social and Behavioral Sciences - April 27, 2018 Category: Psychiatry & Psychology Source Type: research