0000000000018369
AUTHOR
Herciu Mihaela
showing 15 related works from this author
THROUGH CORPORATE SOCIAL RESPONSIBILITY TO GLOBAL COMPETITIVENESS FOR SUSTAINABLE DEVELOPMENT
2013
The goal of sustainable development is one of the most actual and stringent desideratum equally declaimed and assumed nowadays at all of the society’s levels – by individuals (politicians, academics, and civil society militants), organizations (firms as well as non-for-profit organizations of any kind) and authorities (local, national, regional, global). This goal offers to each one of them the opportunity to act responsible (through corporate social responsibility policies and practices developed by their management) but also the threat of falling into the trap of not reaching the global (sustainable) competitiveness that each one of them dreams about; so, it depends only on each and all o…
FINANCIAL RISKS – A CASE STUDY FOR AUTOMOTIVE INDUSTRY
2013
In general, financial risks – from operational risk to bankruptcy risk, are important distress for companies from every sector or industry. In this paper we try to measure the financial risk for the most important eight companies that activate in automotive industry. We propose a model in order to evaluate financial risk, by using discriminate analysis, which integrate five of the most important financial indicators: current ratio, return on investment, debt to equity, total assets turnover, working capital to total assets. Based on these results the rank will be very different beside the Global Fortune 500 rank that evaluates company only by the level of revenue.
AN ANALYSIS ON THE FDI FLOWS FROM EMERGING ECONOMIES TO EUROPE AND THEIR IMPACT
2014
After a concise setting of the context (by emphasizing on the FDI flows dynamics at the beginning of the 21st century through the lens of: annual inward and outward FDI flows between 2001 and 2013; annual contribution to IFDI flows and, respectively, to OFDI flows by group of countries – developed versus developing and transition ones), the paper analyzes the emerging market economies and the dynamics of their FDI flows (by using contextualization and comparisons). The main aspects targeted are: the dynamics of the outward FDI flows from EMEs comparative to the dynamics of the global outward FDI flows on annual basis, and the evolution of the specific weight of OFDI flows from EMEs in globa…
ARGUMENTS FOR CSR-BASED SUSTAINABLE COMPETITIVENESS OF MULTINATIONALS IN EMERGING MARKETS (PART II)
2015
The (two parts of the) paper aims to bring into discussion the case of CSR-based sustainable competitiveness of multinationals in emerging market economies, through an interdisciplinary approach (international business and strategic management) applied to a multilevel analysis (country and company). The main conclusion of the paper is that, despite the circumstances that nowadays characterize international business in general and the emerging market economies in particular, such a transformation in business models is not only desirable, but mandatory. Key arguments in favor of this assumption are found (both theoretically and empirically) at global/general level and, as well, at the emergin…
EMNCS – LESSONS ON THE WAY TO AN INNOVATION-BASED DEVELOPMENT. EMPIRICAL FINDINGS
2015
The main focus of (the two parts of) this article is on the emerging countries and their development paths. Particularly, it emphasizes on the role and contribution of innovation (of all kinds, in all its forms) for multinational companies from emerging economies (EMNC); the entire research endeavor is placed under the auspices of the knowledge-based society – the one that makes knowledge the ultimate source of power, enabling entities to use and potentially multiply it at the same time at global scale. Analyzing the situation of some emerging economies (starting from their best ranked multinationals), the article draws some empirical and theoretical conclusions on the ways knowledge and in…
Ambidexterity – A New Paradigm for Organizations Facing Complexity
2019
Abstract Complexity is rapidly and inexorably leading the global economy towards new configurations and new dynamics; within this (ever fluid and unstable) framework, the strategic dualities that govern organizations and shape their strategic choices are not only multiplying but also interacting and generating unprecedented challenges: new pairs of (apparent) paradoxes occur, sophisticated interdependencies take place amongst them, and therefore new approaches in search for strategic solutions are imperatively asked. Against this background, the main goal of the paper is to suggest a paradigm of organizational ambidexterity – which gradually integrates various angles and valences into parti…
THEORIES OF THE MULTINATIONAL ENTERPRISES – TWO DIFFERENT APPROACHES
2012
Multinational enterprises – as key determinants and results (in the same time) of the globalization process that characterize the economic world nowadays – know a lot of different approaches in the academic literature; this is a consequence of the refinement (in time) of the (firm’s) internationalization strategies and practices – which is determined, at its turn, by the continuous dynamics and challenges of the world economy. By this paper we would like to bring into attention two of these general theoretical frameworks; they were developed by Wladimir Andreff (into his 2003 book: Les multinationals globales), and Mats Forsgren respectively (into his 2008 book: Theories of the Multinationa…
NATIONAL COMPETITIVENESS - SCENARIOS FOR ROMANIA
2012
Competitiveness remains a continuous concern of nations in any stage of development, from factor based economy to innovation based economy. The present paper aims to emphasize the current level of national competitiveness of Romania, on one hand, and to identify possible ways to improve the current level by building scenarios in order to eliminate the uncertainty, on the other hand. The paper proposes four scenarios for increase GCI (growth competitiveness index) and four scenarios from pessimistic point of view (in these scenarios GCI will be decrease). In the near future, Romania must improve their pillars of national competitiveness and must increase their GDP per capita for transition p…
INTERRELATIONS BETWEEN ECONOMIC FREEDOM, KNOWLEDGE ECONOMY AND GLOBAL COMPETITIVENESS – COMPARATIVE ANALYSIS ROMANIA AND EU AVERAGE
2011
Economic Freedom, Knowledge Economy and Global Competitiveness are three of the many and very different dimensions which characterize the level of a country’s performance. This paper tries to present these three important directions, the specific indicators that measure them – IEF, KEI, GCI – and the relationship between them. Also, it will try to demonstrate that countries with free economy can turn into knowledge and competitive economies. Furthermore, it will make a comparative analysis of Romania with the EU countries’ average in order to identify for Romania which pillar’s scores it has to improve.
Digital Transformation of Centru Region – Romania. Needs Assessment
2020
Abstract Competitiveness represents a never-ending moving target for any institution/entity, no matter the level of analysis (micro - companies /public administrations, mezzo - industries / national regions, or macro - countries / world regions); but its determinants (or key success factors) are changing, as ages go by, asking for continuous watch and strategic flexibility. With digital technology nowadays disrupting (almost) every aspect of human life, while framing a new age - of digitalization being both a source of competitiveness (for the industry leaders - whatever the “industry” might be), and (just) a prerequisite for survival (or doing business) for almost everyone else, the Europe…
A BRIEF ANALYSIS ON DEVELOPMENT AND COMPETITIVENESS – CONSIDERING THE WORLD’S TOP TRANSNATIONAL CORPORATIONS
2012
Development represents a strategic goal for every country of the world. But it also is a “complicated issue”, given the multitude of (micro and macro economic) approaches that academics and strategists have proposed for development. By this paper we consider competitiveness as measure and indicator of development – based on World Economic Forum researches and findings. This kind of approach allows us to make some (time - and space - based) comparisons – at country level and to identify some key figures – at industry level – of the world’s top transnational corporations (ranked by UNCTAD) that can be valorised by countries (and TNCs as well) on their journey through economic development and …
CORPORATE GOVERNANCE AND BEHAVIORAL FINANCE: FROM MANAGERIAL BIASES TO IRRATIONAL INVESTORS
2014
Corporate governance is concerned about the ways in which investors assure themselves of getting a return on their investment, on one hand, and is focus on motivating managers to increase the company profit, on the other hand (the agency theory). Corporate governance emerges from the interaction between managers and investors. Managers are often more likely to invest the extra cash-flow or profit than to return it to shareholders. But, both managers and investors are lees then fully rational. Sometimes their behavior is based on cognitive psychology. In this context, we are dealing with two problems: managerial biases and irrational investors. Managerial biases focus on the illusion of opti…
MULTINATIONAL ENTERPRISES – DYNAMICS AND TRENDS
2012
Multinational enterprises (MNEs) represent both cause and result of the new economic geography of globalization. Thus, the dynamics and trends of the world’s most influential MNEs contribute decisively to the new global architecture and to the economic development, being influenced, at their turn, by these processes of continuous reconfiguration and evolution that take place on the global arena. The paper proposes a comparative (in space) and historical (in time) analysis of the most well known global rankings of the multinational enterprises – Fortune Global 500 on one hand, and The world's top 100 non-financial TNCs, ranked by foreign assets and Top 100 non-financial TNCs from developing …
THE COMPLEX, YET SMALL WORLD OF GLOBAL MULTINATIONALS – INSIGHTS ON SOME APPARENT PARADOXES
2013
Globalization, as it is today, shapes a complex, networked world – that embeds all the features (both vantages and liabilities) of a complex adaptive system. Being one of the biggest networks that define this world, the system of international business – characterized by diversity, (nondeterministic) interconnectivity and uncertainty – is also characterized by the small-world syndrome. Global multinationals are the best supporting agents in order to dismantle the apparent paradox of the complex, yet small world (and others like it).
ARGUMENTS FOR CSR-BASED SUSTAINABLE COMPETITIVENESS OF MULTINATIONALS IN EMERGING MARKETS (PART I)
2014
The (two parts of the) paper aims to bring into discussion the case of CSR-based sustainable competitiveness of multinationals in emerging market economies, through an interdisciplinary approach (international business and strategic management) applied to a multilevel analysis (country and company). The main conclusion of the paper is that, despite the circumstances that nowadays characterize international business in general and the emerging market economies in particular, such a transformation in business models is not only desirable, but mandatory. Key arguments in favor of this assumption are found (both theoretically and empirically) at global/general level and, as well, at the emergin…