Search results for "Market economy"
showing 10 items of 138 documents
European Integration and the Disembedding of Labour Market Regulation: Transnational Labour Relations at theEuropeanCentralBank Construction Site
2013
European integration through mutual recognition has facilitated the growth of a pan-European labour supply system in which transnational subcontractors ‘post’ workers from low-wage areas to higher wage areas. This allows employers to create spaces of exception in which the national industrial relations system of the country where work occurs does not fully apply. Drawing on interviews with managers, workers, unionists and works councillors at the European Central Bank construction site in Frankfurt, Germany, this article shows how transnational subcontracting allows employers to access, and create competition between, sovereign regulatory regimes. It concludes that high-cost, high-collectiv…
Demographic structure and the security of property rights: The role of development and democracy
2013
Abstract It is often argued that countries with a high population share of children and young workers should attract large capital inflows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we explore whether the correlation between countries' demographic structure and the perceived security of property rights reflects a causal relationship. We show that, in low-income countries, the ratio of young to old workers has a positive effect on the perceived security of property rights if the political system is sufficiently democratic. By contrast, this relationship cannot be observed in…
Efficiency of French privatizations: a dynamic vision
2004
The program of French privatizations is one of the principal worldwide programs as for the volume of the equity issues. A reading of the process of privatization through the corporate governance theory resulted in working out a model making it possible to take into account, on the one hand, the time dimension of the process of privatization, on the other hand, the contextual, organizational, governance and strategic variables which influence this process. After having replicated a certain number of traditional tests, we carried out a test of this model on a sample of 19 French privatized firms and on a seven years horizon, which made it possible to obtain the following conclusions. The favo…
Banks Digitalization - A Challenge for the Romanian Banking Sector
2019
Abstract The banking system has undergone several transformations since its beginning up to now, some as a result of adapting to customers’ requirements that have become increasingly sophisticated, and others as a result of the economic and political contexts that have passed, which again – have required its adaptation. Regardless of the situation, the banks have undergone a large digitization process, a process that is now in progress and which in the coming years can cause a significant change in the banking we knew about 10-15 years ago. Through this paper, I propose to analyse the situation of the banking system in terms of adapting to these challenges, at the level of Romania, in the c…
Investments, Economic Growth and Employment: VAR Method for Romania
2019
Abstract Economic growth can be seen as an effect of both fiscal policies and different legislative norms applied at national and macroeconomic level. Investments are a determining factor in the evolution of socio-economic life, influencing also the employment rate. This paper aims to identify the influence of investments on economic growth and employment using the vector autoregressive model (VAR). Based on the quarterly data from Romania, between the first quarter of 2000 and the second quarter of 2018, the Granger causality test and the impulse - response function was applied to identify the effect of the investments on the sustainable development of the Romanian economy. The results rev…
Joint Venture Formation Influencing Factors within the Aspect of Economic Policy Implemented in Belarus from EU Business Prospective
2013
The aim of the paper is to perform analysis from the EU business point of view about the particularities of the creation of joint ventures in the EU neighbour country Belarus. The possibilities of economic collaboration are studied in the frame of the impact of Belarus political regime on the entrepreneurship and business activities. The research is focusing on the factors influencing business environment. Even if the business environment due to the strong intervention of State in Belarus is not very favourable for the entrance of foreign investments, the main benefits for EU interests in this country are: the importance and size of this market and the possibilities to go through the Custom…
The Competiveness of the Spanish Regions
2009
Competitiveness is a widely popular concept, which has saved in practise, to denote efficient economic behaviour. The wide dissemination of the competitiveness ranking of countries published annually by the World Economic Forum of Davos (Switzerland), or the fact that the European Union defines some of the global problems, which affect the countries of the EU in terms of the competitiveness gap, have footered the use of this expression in the media. The use of the term to denominate some of the objectives of the European Regional policy has also contributed to extending the use of the expression, as well as the work of prestigious consultants, such as Michael Porter, in influential works, s…
PRODUCTION FLEXIBILITY AND ADAPTING TO MARKET CHANGES
2007
Abstract This paper describes those situations when a company, an organization, in its search for minimum costs, including those involved by investment, and production flexibility, manages to adapt to those changes that ensure survival on the market. Economies of scale are an attraction for any firm and thus globalized, huge firms emerge, conquering continuously developing markets. However, smaller firms face market changes that are usually dangerous in terms of sustainability. The paper highlights those market components that provide information on adapting production through flexibility.
Family business internationalization: an insight into opportunities and challenges.
2020
The theme of internationalization in family businesses is a highly topical issue that is increasingly attracting management scholars. This is because, in addition of being a particular type of business (Alcorn, 1982), they play a central role in most economies worldwide. Accounting for 65-80 percent of all the world’s firms, they generate around 70-90 percent of annual global GDP, and are the source of 50-80 percent of new jobs in most countries. Their essence lies in the close bond they have with their founders and above all, in the family’s involvement in the business ownership and management (Franco and Prata, 2019). This bond may prove to be a limit for fuelling internationalization pro…