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Nr. 6 (53) /2010 vol.1 3 REVISTA ECONOMIC Ă Nr. 6(53)/2010 vol IIUniversitatea “Lucian Blaga”din SibiuBd. Victoriei nr. 10cod 550024, RomâniaCentrul de Cercet ă ri EconomiceU.L.B.S.Cl. Dumbr ă vii nr.17cod 550324, Româniatel./fax: 40-269-235 879G.P.E. «Continent»Str. dr. I. Ra ţ iu Nr. 2, Sibiucod 550012, Româniatel.: 40-269-243
[email protected] Revist ă de teorie ş i practic ă economico-financiar ă ISSN 1582-6260SIBIU, 2010 http://economice.ulbsibiu.ro/rom/profesori/publicatii/revista_economica.php Revista economic ă 4 « REVISTA ECONOMIC Ă » COLEGIUL REDAC Ţ IONALDan POPESCU prof.univ.dr., DHC, ULBS, România ,redactor- ş ef , Liviu MIH Ă ESCU prof.univ.dr. ULBS, România, redactor- ş ef adjunct , Iulian V Ă C Ă REL Acad.prof.univ.dr.- Academia Român ă Lucian-Liviu ALBU prof.univ.dr. - director Institutul dePrognoz ă al Academiei Române,membru corespondent al AcademieiRomâne Mircea CIUMARA prof.univ. dr., DHC, Director Generalal Institutului de Cercet ă ri Economice,România Viorel CORNESCU prof.univ. dr., Universitatea dinBucure ş ti, România Eugen IORD Ă NESCU prof.univ. dr., ULBS, România Francesco D’ESPOSITO prof.univ.dr.Universitatea Gabrielled’Annunzio, Perscara, Italia Ion POHOA ŢĂ prof.univ.dr., Universitatea „AlexandruIoan Cuza” Ia ş i, România Robert LABBÉ, prof.univ.dr. Universitatea din Rennes1, Fran ţ a Grigore BELOSTECINIC Acad.prof.univ.dr.hab., membrucorespondent al Academiei de Ş tiin ţ e aMoldovei Mihaela Herciu conf.univ.dr., ULBS, România Silvia M Ă RGINEAN conf.univ.dr., ULBS, România Cristina T Ă N Ă SESCU conf.univ.dr., ULBS, România Ramona TOMA-OR ĂŞ TEAN conf.univ.dr., ULBS, România Claudia OGREAN conf.univ.dr., ULBS, România Adrian MORO Ş AN lector dr., ULBS, România Nr. 6 (53) /2010 vol.1 5 CONTENTS ON EXCHANGE RATE REGIMES IN CEE COUNTRIES: THE DIFFICULT PATH OF EUROADOPTION ........................................................................................................................................................ 9 HOROBET Alexandra 1 , DUMITRESCU Sorin 2 , DUMITRESCU Dan Gabriel ......................................... 9 THE ANALYSIS OF THE EUROPEAN FUNDS INPUT .............................................................................. 19 IMPLEMENTATION OPPORTUNITIES FOR THE ROMANIAN GENDARMERIE ................................ 19 HUBA ( Ş TEF Ă NESCU) C ă t ă lina Carmen ................................................................................................. 19 RISK MANAGEMENT: BETWEEN FAILURES AND NEW APPROACHES ........................................... 27 ILIE Livia ...................................................................................................................................................... 27 ACCOUNTING OF THE WITHDRAWN ASSETS OR THE NON-CURRENT ASSETS FROM THECURRENT USING AND AVAILABLE FOR SALE ..................................................................................... 31 ILINCU ŢĂ Lucian – Dorel 1 , MARE Ş Daniel – Marius 2 , MARE Ş Valerica 3 ........................................... 31 EVOLUTION OF THE TAX ON PROFIT IN ROMANIA DURING 2000 AND 2009. ADVANTAGESAND DISADVANTAGES OF GRANTING TAX RELIEF ........................................................................... 35 IONAC Ioana 1 , ZAMFIRESCU Lumini ţ a 2 , IONAC C ă t ă lin 3 .................................................................... 35 AUDITING IN EUROPE- EVOLUTION AND TRENDS ............................................................................. 44 IOSIVAN Oana Raluca ................................................................................................................................ 44 THE BANKING CONTROL – A KEY ELEMENT IN THE PREVENTION AND LIMITATION OF THERISK IN BANKING ........................................................................................................................................ 51 JUCAN Cornel Nicolae ................................................................................................................................ 51 DYNAMICS OF THE CARD AS A MEANS OF PAYMENT BEFORE AND DURING THE ECONOMICCRISIS .............................................................................................................................................................. 54 LUPU Diana Viorica 1 , BULGARIU C ă t ă lin 2 .............................................................................................. 54 CASH GENERATING UNITS ACCOUNTING TREATMENT - IMPAIRMENT LOSS RECOGNITIONAND MEASUREMENT .................................................................................................................................. 59 MANEA Marinela-Daniela 1 , GÎJU George Ciprian 2 , VATASOIU Cristian Ionel 3 ................................... 59 INDICATORS OF THE COMPANY’S VALUE DEVELOPMENT .............................................................. 64 MÂRZA Ş tefan Gheorghe Bogdan 1 , SAVA Raluca 2 , E Ş ANU Nicolae 3 ..................................................... 64 RECENT DEVELOPMENTS OF ROMANIA’S BUDGET DEFICIT UNDER THE IMPACT OF THEWORLD FINANCIAL CRISIS........................................................................................................................ 72 MESEA Oana Elena 1 , ANGHEL Daniel Florin 2 ........................................................................................ 72 MODELS OF INTERNATIONALIZATION AND BARRIERS FACED BY THE FINANCIAL SERVICESFIRMS .............................................................................................................................................................. 82 MICUDA Dan 1 , VISINESCU Sorin 2 ........................................................................................................... 82 REDEFINING THE SOURCES OF FUNDING THE EXPENSES FOR EDUCATION, AS TO INCREASETHEIR ECONOMICAL EFFICIENCY ........................................................................................................... 92 MIHAIU Diana Marieta ............................................................................................................................... 92 USING MARKOWITZ THEORY IN THE CONSTRUCTION OF A FINANCIAL PORTFOLIO.APPLICATION ON BUCHAREST STOCK EXCHANGE ......................................................................... 100 MILO Ş Laura Raisa 1 , MILO Ş Marius Cristian 2 ....................................................................................... 100 THE SWOT MATRIX FOR OWN REVENUES OF THE ROMANIAN LOCAL BUDGETS ................... 105 MIRICESCU Emilian Constantin 1, GYORGY Attila 2 , CÂMPEANU Emilia Mioara ......................... 105 SOME HYPOTHESIS REGARDING THE EXPENSES’ ACCOUNTING AND CALCULATION IN THEROMANIAN AGRICULTURE ..................................................................................................................... 112 MOCANU Mihai ......................................................................................................................................... 112 Revista economic ă 6ECONOMIC APPROACH TO THE NECESSITY FOR RECONSIDERATION OF THE ROMANIANPUBLIC PENSION SYSTEM ....................................................................................................................... 116 MOLDOVAN Iosif ...................................................................................................................................... 116 A SYSTEM OF ASSESSING THE PERFORMANCE OF ROMANIAN IT COMPANIES ....................... 122 MOSCVICIOV Andrei 1 , B Ǎ TRÂNCEA Larissa-Margareta 2 , NICHITA Ramona-Anca ........................ 122 PUBLIC DEBT MANAGEMENT IN ROMANIA. PUBLIC DEBT ADMINISTRATION BETWEEN 2000AND 2008 ...................................................................................................................................................... 127 MO Ş TEANU Tatiana1, POSTOLE Mirela Anca2, LACATU Ş Carmen .................................................. 127 MEASURES AND STRATEGIES IMPLEMENTED BY ROMANIA FOR REDUCING THE EFFECTSOF THE FINANCIAL AND ECONOMIC CRISIS ...................................................................................... 135 MUNTEAN M ă d ă lina Anca ....................................................................................................................... 135 CEC BANK – ACTIVE PRESENCE IN THE ROMANIAN ECONOMIC POLICY .................................. 141 NEGOTIU Calin ......................................................................................................................................... 141 ACCOUNTING AND BUSINESS TAX REDUCTIONS IN THE CONTEXT OF ROMANIANACCOUNTING HARMONIZATION WITH EU DIRECTIVES ................................................................. 146 NEGRUTIU Magdalena1 CIOBANASU Marilena2CALOTA Traian-Ovidiu3 ...................................... 146 KEYNES DYNAMIC MODEL OF SAVINGS WITH BEHAVIOR FUNCTION ....................................... 152 NITU Oana 1 , DUHNEA Cristina 2 , GEORGESCU Cristina 3 .................................................................. 152 THE SOCIAL IMPACT OF THE ECONOMIC CRISIS IN THE EU .......................................................... 157 NITU Oana 1 , NICODIM Liliana 2 , BUCUR Cristina Raluca 3 ................................................................. 157 SETTLEMENT IN EQUITY INSTRUMENTS OF THE ENTITY’S OWN CAPITALS ............................ 163 OPREA Margareta 1 , ANDREI Monica 2 .................................................................................................... 163 FINANCING POLICY EVOLUTION OF ROMANIAN COMPANIES UNDER THE INFLUENCE OFMONETARY POLICY INSTRUMENTS ..................................................................................................... 166 OPREAN Camelia....................................................................................................................................... 166 THE ROLE OF FOREIGN BANKS IN CENTRAL AND EASTERN EUROPEAN COUNTRIES ........... 176 OR ĂŞ TEAN Ramona ................................................................................................................................. 176 THE "VULNERABLE" ATM IN FRONT OF THE CARD FRAUDSTERS ............................................... 181 PETRA Ş CU Daniela ................................................................................................................................... 181 CONSIDERATIONS REGARDING THE APPEALS AGAINST THE DECISIONS OF THE ROMANIANCOURT OF ACCOUNTS .............................................................................................................................. 186 PETRIA Licuta ........................................................................................................................................... 186 EVOLUTION AND INVOLUTION IN ROMANIAN BANKING SYSTEM IN THE CONTEXT OFCRISIS RESULTS ......................................................................................................................................... 190 PETRIA Nicolae 1 , BADULESCU Daniel 2 ................................................................................................. 190 THE NEED OF EXTRA-FINANCIAL MEASURES OF PERFORMANCE IN THE CONTEXT OFSUSTAINABLE DEVELOPMENT .............................................................................................................. 197 PINTEA Mirela-Oana 1 , ACHIM Monica-Violeta .................................................................................... 197 ELECTORAL CYCLE IMPLICATION ON FISCAL POLICY. THE ROMANIAN CASE ....................... 205 PIRTEA Marilen 1 , LOBON Ţ Oana 2 , NICOLESCU Cristina 3 .................................................................. 205 CONSEQUENCES OF GLOBAL FINANCIAL CRISIS ON LONG TERM FINANCING IN ROMANIA210 POPA Daniela 1 , SIMA Elena 2 .................................................................................................................... 210 FINANCIAL COMMUNICATION AND NEW APPROACHES BASED ON CASH FLOWS ................. 218 POPESCU Loredana 1 , CALIN Cristina 2 ................................................................................................... 218 MANAGEMENT OF THE BUDGETARY BALANCE IN EUROPEAN UNION DEVELOPEDCOUNTRIES FROM THE PERSPECTIVE OF BUDGETARY SYSTEMS AND MACROECONOMICPOLICIES....................................................................................................................................................... 225 POPESCU Marin 1 , Ţ UNCU George Florin 2 , DINESCU Emilian ........................................................... 225 Nr. 6 (53) /2010 vol.1 7 A METHOD OF RULE EXTRACTION FROM TRAINED NEURAL NETWORKS ................................ 232 FOR CREDIT RATING ................................................................................................................................. 232 POPOV Elena ............................................................................................................................................. 232 THE ECONOMY OF SCALE SHAPED AS MONOPOLY VS. THE SUSTAINABLE ECONOMICGROWTH....................................................................................................................................................... 238 PREDESCU Antoniu .................................................................................................................................. 238 BUDGETING SYSTEM OF THE ECONOMIC ENTITIES ORGANIZED BY RESPONSIBILITYCENTERS ...................................................................................................................................................... 242 RACHISAN Paula Ramona 1, GROSANU Adrian 2, BERINDE Sorin Romulus .................................. 242 THE FOREIGN CAPITAL ROLE IN THE ROMANIAN BANKING SYSTEM – A GENERAL VIEW .. 250 R Ă DULESCU Magdalena .......................................................................................................................... 250 THE PROCESS OF EUROPEAN STOCK MARKETS INTEGRATION FROM THE 21ST CENTURYPERSPECTIVE .............................................................................................................................................. 259 Ş ARGU Alina Camelia ............................................................................................................................... 259 significant changes in public expenditures in the context of the economic and financial crisis .................... 270 SAVA Anca- Ş tefania ................................................................................................................................... 270 THE INDEPENDENT ORGANIZATION OF THE ACTIVITY - AN EXIT ROUTE FOR SMALLENTREPRENEURS DURING THE CRISIS ................................................................................................ 277 SAVA Raluca¹, MÂRZA Bogdan², ŢĂ RAN-MORO Ş AN Adrian ............................................................. 277 REASONS FOR THE RELUCTANCE OF THE COMMERCIAL BANKS IN LENDING THEROMANIAN AGRICULTURE DOMAIN .................................................................................................... 283 SBÂRCEA Ioana Raluca ............................................................................................................................ 283 PORTFOLIO SELECTION TECHNIQUES USING DATA ANALYSIS ................................................... 289 Ş ERBAN Florentin 1 , Ş TEF Ă NESCU Maria Viorica 2 , DEDU Silvia 3 ..................................................... 289 SEQUENTIAL ANALYSIS REGARDING THE DEBTS’ LIQUIDATION IN FISCAL MATTER .......... 295 SEREDIUC Titus ........................................................................................................................................ 295 ECONOMETRIC TESTING OF THE FISCAL POLICY STANCE IN THE EUROZONE ........................ 301 SOCOL Cristian 1 , MARINA Ş Marius-Corneliu 2 , SOCOL Aura-Gabriela 3 ............................................ 301 MYTHS AND REALITY TO IMPLEMENTING THE FLAT TAX IN ROMANIA ................................... 306 SOCOL Cristian1, MARINA Ş Marius-Corneliu2, SOCOL Aura-Gabriela3 ........................................... 306 Foreign direct investment and Economic Growth in Romania – an Econometric Analysis .......................... 311 OVIDIU Solomon 1 , ADAM Alt ă r-Samuel 2 , JUDITA Samuel 3 ................................................................. 311 CURRENT STAGE OF DEVELOPMENT OF THE ROMANIA'S CAPITAL MARKET IN THECONTEXT OF THE EU INTEGRATION .................................................................................................... 321 SOLOVASTRU Mircea Ş tefan1, NAN Sanda Simona .............................................................................. 321 DOES FOREIGN CORPORATE GOVERNANCE INFLUENCE PERFORMANCES? – THE CASE OFROMANIAN BANKING SYSTEM .............................................................................................................. 331 Ş TEF Ă NESCU Cristina 1, BO Ţ A-AVRAM Cristina 2, MURE Ş AN Mariana ........................................ 331 PARTICULARITIES REGARDING STOCK ACCOUNTS ACCORDING TO THE ACCOUNTINGREGULATIONS HARMONISED WITH THE EUROPEAN DIRECTIVES .............................................. 340 Ş UIU Ion 1 , DIACONU Elena 2 , DIACONU C ă t ă lin- Ş tefan 3 ..................................................................... 340 THE FINANCIAL CRISIS AND ITS IMPLICATIONS ON THE HOUSEHOLDS BEHAVIOUR. .......... 344 THE ROMANIAN CASE .............................................................................................................................. 344 SUMEDREA Silvia ..................................................................................................................................... 344 ASPECTS REGARDING FISCAL AND BUDGETARY POLICY OF THE ROMANIA IN 2010 ............ 357 Ţ UNCU George-Florin 1 , POPESCU Marin 2 , RIZEA Marinel 3 ............................................................... 357
