Browsing: 2016, Vol. 24, Issue 2, December

Introduction. In the current European context, the development of the renewable energy sector stays under the sign of the subsidies from the state. The renewable energy sector is developing fast, but needs subsidies to be competitive. The renewable technology is not mature enough and cannot compete with the classic power plants technology based on fossil fuel. The European energy sector is in a process of restructuring aiming to a carbon free and clean energy. The energy transition aims to reduce the greenhouse emission in order to limit the global warming to maximum 2°C until 2030. As part of the European Union, Romania has a role in the battle with decarbonazition and has to participate to the reduction of greenhouse emissions by contributing at the European Energy Union common targets.

Aim of the study. The management process has to be developed by the government. The state policy implementation involves a laborious undertaking planning objectives in the context of available technologies and energy market competition accentuation.
Keywords: state policy, energy security, energy union, renewable energy, greenhouse emission, energy security risks, green certificate scheme.
JEL Classification: Q21, Q28, Q54, M38

Introduction. As tools through which the European Commission acts to eliminate economic and social disparities between regions, the structural and Cohesion Funds (SCF) are designed to achieve economic and social cohesion with other Member countries of the European Union, having thus a vital importance for each country. Although we are already in the period of postaccession financial allocation, Romania still faces difficulties in the process of absorption of EU funds. At this point, the needs of modernization and infrastructure development are becoming more and more acute, making mandatory the absorption of structural funds. However, we are already close to the middle of the period 2014-2020 financial allocation and the majority of funding have just launched the call for proposals. The national energy system, like all infrastructure systems in our country, has an acute need for financing, especially as regards the technological modernization of transport and energy production. Our country needs an integrated strategy on economic absorption in interinstitutional levels but especially increasing the prevention capacity of the system that will help to avoid financial corrections and projects. Among the measures to be taken at the governmental level in order to improve the absorption of European funds include the simplification of working models, calls for projects and efficient organization of staff.

Aim of the study. This paper objective is to analyse the effects and efficiency of the policy of the structural funds in the field of energy and to identify measures needed to increase its capacity to absorb these funds.
Keywords: structural funds, energy sector, absorption of European funds, modernization, infrastructure development
JEL Classification: G23, Q48, P18

Introduction. The existence of information asymmetry often makes the uninformed buyer bear some additional costs. It is a situation where one must act and be aware that there may be valuable information and additional documentation which might reduce costs. Therefore, it is useful to analyse the relationship between information asymmetry and economic growth, especially as one of the perverse effects of information asymmetry is that there is not a clear obligation of the seller to voluntarily offer complete information, but on the other hand, he or she is obliged to correctly answer all questions.

Aim of the study. The paper highlights the fact that the market analysis is not fully based on information asymmetry, a concept highlighted by the theory developed in the 70’s by G. Akerlof, Spence M., J. Stiglitz. Information asymmetry can often lead to negative effects on unfair competition and sustainable economic growth.
Keywords: asymmetric information; sustainable growth; degree of operational leverage.

Introduction. The globalization of the world economy has created great opportunities for countries, one of them being that of attracting foreign investments. They play a key role in global business, being a fundamental part of the economic system and its development. Despite the fact that the debate over FDIs varies from opinions that claim that they substitute internal investments and they expatriate a great deal of the capital at the disadvantage of the host country to opinions that argue in favor of the benefits of FDIs for host countries, increased efforts to attract FDIs by national economies can be noticed. With this in mind, this paper analyses the strategic of preferences of foreign investors when choosing a new market and tries to establish a set of criteria that represent the main attraction characteristics when the decision to invest is made.

Aim of the study. The paper explains, at first, concepts such as strategic management, the strategies of entering a foreign market and the foreign direct investments, and then correlates these concepts in order to highlight the factors that contribute to the making of an investment decision and the ways through which foreign capital can be introduced on a new market. And last but not least, we made an analysis of the foreign capital flows in Romania, highlighting the advantages and disadvantages that the Romanian economy presents for potential investors interested in this country.
Keywords: foreign direct investment, foreign market, investment decision, strategic management, international investment
JEL Classification: F21, F23, D81

Introduction. The management of energy resources, as a component of modern management, has become one of the most important pillars in the context of European energy policy, in order to have more competitive European companies, economies, and to a large extent – states.

Aim of the study. The purpose of this paper is to bring to attention the necessity to take steps forward to create a strong link between resources and development, which is essential if one state aims to create a sustainable and brighter future. A weak management of energy affects energy prices, emissions targets, and legislation, all of which lead to several compelling reasons why, at all levels one state should focus on saving energy: in businesses, public-sector/government organizations, and homes. The energy industry is one of the most capital-consuming industries in the world. Relatively higher energy prices place a drag on economic growth everywhere except in economies that are dominated by energy production. The Romanian main energy institutions, next to the Ministry of Energy, are acting to the improvement of energy efficiency, the reduction of greenhouse gas emissions, proceeding on maintaining the energy prices stable and the promotion of the renewable energy sources.
Keywords: management of energy resources, European energy policy, development, energy prices, emission targets, energy industry, Romanian institutions.
JEL Classification: O44, Q21, Q34, Q43, Q54.

From past to future

When analysing the evolution of management, the past times can be seen as certitude, while the future ones can be discussed in terms of work hypotheses. Scenarios have the great virtue of providing unlimited possibilities to treat future realities. We can talk about virtual realities as forms of manifestation of future contexts. If, by the end of the 19th century, we were talking about Fayol’s theories, nowadays we have the possibility to analyse such theories from the perspective of their validation within the real economy. It is obvious that the critical analysis is at hand rather than the construction of a system architecture able to reveal, in terms of reflection and experiments (with successes and failures), the evolution of miscellaneous phenomena.

 Pages: 3-4 Full text sources