ALEXANDRU IOAN CUZA UNIVERSITY OF IASI

FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION

DOCTORAL SCHOOL OF ECONOMICS

5th International Conference

INSTITUTIONS AND ECONOMIC

PERFORMANCE

PROGRAMME

November 20-21, 2009

Iasi, Romania

INSTITUTIONS AND ECONOMIC PERFORMANCE 2

SCIENTIFIC COMMITTEE

Professor Dinu AIRINEI, Alexandru Ioan Cuza University of Iaşi Professor Laura ASANDULUI, Alexandru Ioan Cuza University of Iaşi Professor Ioan ANDONE, Alexandru Ioan Cuza University of Iaşi Professor Maria BÎRSAN, Alexandru Ioan Cuza University of Iaşi Professor Vasile COCRIŞ, Alexandru Ioan Cuza University of Iaşi Professor Gheorghe FILIP, Alexandru Ioan Cuza University of Iaşi Professor Marin FOTACHE, Alexandru Ioan Cuza University of Iaşi Professor Iuliana GEORGESCU, Alexandru Ioan Cuza University of Iaşi Professor Ana GRAMA, Alexandru Ioan Cuza University of Iaşi Professor Emil HOROMNEA, Alexandru Ioan Cuza University of Iaşi Professor Ion IGNAT, Alexandru Ioan Cuza University of IaşiP Associate Professor Costel ISTRATE, Alexandru Ioan Cuza University of Iaşi Professor Vasile IŞAN, Alexandru Ioan Cuza University of Iaşi Professor Elisabeta JABA, Alexandru Ioan Cuza University of Iaşi Professor Octavian JABA, Alexandru Ioan Cuza University of Iaşi Professor Emil MAXIM, Alexandru Ioan Cuza University of Iaşi Professor Panaite NICA, Alexandru Ioan Cuza University of IaşiP Professor Valentin NIŢĂ, Alexandru Ioan Cuza University of Iaşi Professor Mihaela ONOFREI, Alexandru Ioan Cuza University of Iaşi Professor Dumitru OPREA, Alexandru Ioan Cuza University of Iaşi Professor Gabriela PASCARIU, Alexandru Ioan Cuza University of Iaşi Professor Silvia PETRESCU, Alexandru Ioan Cuza University of Iaşi Professor Carmen PINTILESCU, Alexandru Ioan Cuza University of Iaşi Professor Victor PLOAE, Alexandru Ioan Cuza University of Iaşi Professor Ion POHOAŢĂ, Alexandru Ioan Cuza University of Iaşi Professor Spiridon PRALEA, Alexandru Ioan Cuza University of Iaşi Professor Adriana PRODAN, Alexandru Ioan Cuza University of Iaşi Professor Ştefan PRUTIANU, Alexandru Ioan Cuza University of Iaşi Professor Constantin SASU, Alexandru Ioan Cuza University of Iaşi Professor Ovidiu STOICA, Alexandru Ioan Cuza University of Iaşi Professor Neculai TABĂRĂ, Alexandru Ioan Cuza University of Iaşi Associate Professor Constantin TOMA, Alexandru Ioan Cuza University of Iaşi Professor Gheorghe VOINEA, Alexandru Ioan Cuza University of Iaşi Professor Adriana ZAIŢ, Alexandru Ioan Cuza University of Iaşi Professor Dumitru ZAIŢ, Alexandru Ioan Cuza University of Iaşi

INSTITUTIONS AND ECONOMIC PERFORMANCE 3

ORGANIZING COMMITTEE Professor Ion POHOAŢĂ - President of the Organizing Committee Professor Dinu AIRINEI Professor Mihaela ONOFREI Professor Carmen PINTILESCU Professor Adriana PRODAN Lecturer Olesia LUPU Associate Lecturer Andreea IACOBUŢĂ Ph.D. student Mircea ASANDULUI Ph.D. student Gabriel CUCUTEANU Ph.D. student Bogdan ILUŢ Ph.D. student Dan LUPU Ph.D. student Ana Iolanda VODĂ SECRETARIATE Ph.D. student Iulia CINDEA Ph.D. student Carmen LUNGU Ph.D. student Andra NICHITEAN Ph.D. student Elena RALEA Ph.D. student Carmen SANDU Ph.D. student Diana SANDU Ph.D. student Alina ŞARGU Ph.D. student Mihai TABĂRĂ

INSTITUTIONS AND ECONOMIC PERFORMANCE 4

CONFERENCE VENUE

Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration

Lăpuşneanu Street no.14, Iasi, Romania

4th and 5th Floors

INSTITUTIONS AND ECONOMIC PERFORMANCE 5

CONFERENCE SECTIONS

Section 1:

Economics and business relations

Chairs:

Secretary:

Professor Ion POHOAŢĂ Professor Spiridon PRALEA PhD student Iolanda VODĂ

Section 2: Quantitative methods and business information systems

Chairs:

Secretary:

Professor Elisabeta JABA Professor Ana GRAMA PhD student Tiberiu SOCACIU

Section 3: Finance, banking and accounting Chairs:

Secretary:

Professor Mihaela ONOFREI Professor Iuliana GEORGESCU Professor Ovidiu STOICA PhD student Diana SANDU

Section 4: Management Chair:

Secretary: Professor Valentin NIŢĂ PhD student Carmen LUNGU

Section 5: Marketing

Chair:

Secretary:

Associate Lecturer Claudia BOBÂLCĂ Associate Lecturer Andrei MAXIM PhD student Gabriel CUCUTEANU

INSTITUTIONS AND ECONOMIC PERFORMANCE 6

PROGRAMME

NOVEMBER 20, Friday

830-1000 Registration 1000-1230 Plenary session - Conference Opening 1230-1330 Lunch – 5th floor 1330-1500 Parallel sessions 1500-1515 Coffee Break 1515-1645 Parallel sessions 1645-1700 Coffee Break 1700-1830 Parallel sessions 2030 Gala Dinner, Panoramic Restaurant

NOVEMBER 21, Saturday

1030-1200 Parallel sessions

INSTITUTIONS AND ECONOMIC PERFORMANCE 7

DETAILED PROGRAMME

NOVEMBER 20, Friday

830-1000 Registration 1000-1230 Plenary session - Conference Opening – Room 502

Professor Vasile IŞAN, Rector of the Alexandru Ioan Cuza University of Iasi - Opening Address Professor Dinu AIRINEI, Dean of the Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi – Welcome Speech Professor Ion POHOAŢĂ, Executive of the Doctoral School of Economics, Alexandru Ioan Cuza University of Iasi - Welcome Speech Professor Paul FUDULU, University of Bucharest

The limits of the orthodox economic theory on institutions: The case of the religions’ economic theory

Assistant Lecturer Andreea IACOBUŢĂ, Alexandru Ioan Cuza University of Iasi

2009 Nobel Prize Winners in Economics – Elinor Ostrom and Oliver Williamson

Book launch - Ion POHOAŢĂ - Repere în economia instituţională

Professor Vasile IŞAN, Alexandru Ioan Cuza University of Iasi Associate Professor Gabriel MURSA, Alexandru Ioan Cuza University of Iasi

Journal launch - Review of Economic and Business Studies Issue no.3 - Special issue on the Financial Crisis Ph.D. Student Gabriel CUCUTEANU Ph.D. Student Iolanda VODĂ Ph.D. Alin ANDRIEŞ

1230-1330 Lunch – 5th floor

INSTITUTIONS AND ECONOMIC PERFORMANCE 8

1330-1500 Parallel sessions Room 402, 4th floor Section 1: Economics and business relations

INSTITUTIONAL PERFORMANCE IN SCIENTIFIC RESEARCH Silviu Mihail TITA THE IMPACT OF THE NEO-INSTITTUTIONALIST THEORY ON CORPORATE GOVERNANCE

Nicoleta VASILCOVSCHI Teodor MOGA

THE IMPACT OF FORMAL INSTITUTIONS FOR ENTREPRENEURSHIP ON ECONOMIC GROWTH IN EASTERN AND CENTRAL EUROPEAN COUNTRIES Elena ŢIFREA-FILIP TOWARD A DEEPER NORTH AMERICAN ECONOMIC INTEGRATION?

Liviu-George MAHA Sorin-Stefan MAHA

THE ROMANIAN BANKING MODEL FROM THE NEO INSTITUTIONAL PERSPECTIVE Andrada BUSUIOC INSTITUTIONS, GOVERNANCE AND ECONOMIC ACTIVITY Veronica COCA RELATIONSHIP DYNAMICS BETWEEN UNIVERSITY RESEARCH CENTERS AND INDUSTRIAL FIRMS Anamaria MAFTEI THE DAWN OF NEOINSTITUTIONAL ECONOMICS AND THE IMPORTANCE OF INFORMAL INSTITUTIONS Ligia MUNTEANU

INSTITUTIONS AND ECONOMIC PERFORMANCE 9

Room 407, 4th floor Section 2: Quantitative methods and business information systems

STATISTICAL SURVEY CONCERNING THE SUCCESS OF THE COLLABORATION AND OF THE WORK ENVIRONMENT IN A SURVEY INTERVIEWERS TEAM Alina MOROSANU THE STATISTICAL BUDGET ROLE IN THE PERFORMING MANAGEMENT OF THE PUBLIC SECTOR Carolina SOROCEANU ANALYSIS OF THE QUALITY OF WORKFORCE – FACTORS THAT INFLUENCE QUALITY Petronela MATEESCU

OPINION QUESTIONNAIRE DESIGN Nicoleta DARIE CREATING A TAGGING PLATFORM FOR ECONOMIC KNOWLEDGE Simona VARLAN MICROSOFT'S SHAREPOINT: FROM ZERO TO BILLION IN LESS THAN A DECADE Mugurel PATRICHI PARALLEL MONTE CARLO SIMULATION OF PRICING DERIVATIVES WITH PAYOFF AS PRODUCT OF TWO DIFFERENT OPTIONS Tiberiu SOCACIU THE USEFULNESS OF LINEAR DISCRIMINANT ANALYSIS FOR TWO GROUPS SEPARATION IN CREDIT RISK EVALUATION Simona DOSPINESCU THE FEATURES OF REGRESSION METHODS USED IN CREDIT RISK ASSESSMENT

Simona DOSPINESCU

INSTITUTIONS AND ECONOMIC PERFORMANCE 10

Room 502, 5th floor Section 3: Finance, banking and accounting

THE PRINCIPLE OF TAX EQUITY AND ITS IMPLICATIONS IN THE CONTEXT OF GLOBALIZATION Elena TOMA PREMISES OF USING PUBLIC FINANCIAL RESOURCES UNDER SPECIFIC SOCIO-ECONOMIC SYSTEM CONDITIONS Andrei COVRIG

QUALITY IN ACCOUNTANCY PROFESSION Lacrimioara OPREA FINANCIAL PERFORMANCE OF AUTONOMOUS ADMINISTRATIONS – EASY OR HARD TO OBTAIN? Delia BUGEAC EFFECTS OF MERGERS AND ACQUISITIONS ON THE MANAGEMENT STRUCTURES OF CORPORATE

Daniela CROITORU

PERSPECTIVES ON THE RESIDUAL VALUE OF THE ENTERPRISE Ioan DUMITREAN THE INITIAL PUBLIC OFFERING - CONTROVERSIAL APPROACH IN TIMES OF FINANCIAL CRISIS Diana SANDU THE IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH AND DEVELOPMENT IN ROMANIA IN THE LAST 20 YEARS Marian DOBRANSCHI LEAN ACCOUNTING A WORK-IN-PROCESS

Laura CRETU Bogdan IONASCU

INSTITUTIONS AND ECONOMIC PERFORMANCE 11

Room 417, 4th floor Section 5: Marketing

THE USE OF COMPETITIVE STRATEGIES IN THE BANKING SECTOR Gabriela STEFURA

MARKETING ADDRESSED TO CHILDREN Lucian AMARANDEI PRICE – THE MOST FLEXIBLE ELEMENT OF THE MARKETING MIX Dragos MARICIUC ELEMENTS OF DECISION MAKING DIFFERENTIATION THROUGH EDUCATION AND CULTURE WITHIN AN ORGANIZATION

Corina MATEI-GHERMAN

CONCEPTUAL DELIMITATIONS WITH REGARD TO MARKETING DECISION TAKING WITHIN ENTERPRISES

Viorica UNGUREANU TURCU

PATTERNS OF SOCIAL INFLUENCE IN SOCIAL NETWORKING SITES - A DESIGN PERSPECTIVE

Daniela IOSUB Andreaa ANDREI Amalasunta IACOB

CONSIDERATIONS ABOUT THE CITIZENS’ SATISFACTION WITH THE LOCAL PUBLIC ADMINISTRATION SERVICES Florina Maria BENŢE THE IMPORTANCE OF THE 4P FROM BUSINESS TO BUSINESS MARKETING MIX Mihaela MOISA

MASS MEDIA IMPACT OVER RELIGION Andrei-Cosmin DUMEA

1500 Coffee break

INSTITUTIONS AND ECONOMIC PERFORMANCE 12

1515-1645 Parallel sessions Room 402, 4th floor Section 1: Economics and business relations

AMERICAN MENTALITY IN TERMS OF THE IMPACT OF IMMIGRANTS ON US ECONOMY

Liviu-George MAHA Sorin-Stefan MAHA

INNOVATION AND ECONOMIC GROWTH IN TIMES OF CRISES

Elena ŢIFREA-FILIP Oana TIFREA

INTERNATIONAL GOODS TRADE IN THE GLOBAL INTERDEPENDENCE

Nicoleta VASILCOVSCHI Andrada PANDELEA

THE COMMUNITY PATENT AND THE FREE MOVEMENT OF PERSONS IN THE EUROPEAN UNION Roxana-Elena LAZAR CONSIDERATIONS ON THE INSTITUTIONS IN THE CONTEXT OF THE CURRENT ECONOMIC CRISIS

Amalia TOMA

THE COMMUNAL TERRITORIAL ADMINISTRATIVE UNITS AND THEIR ECONOMIC PERFORMANCES

Maria GOEA VLAVIAN –GURMEZA Mirela HITRUC-STEFANICA

KNOWLEDGE SPILLOVERS AND INNOVATIVE PERFORMANCES – A LITERATURE REVIEW Anamaria MAFTEI

Room 502, 5th floor Section 3: Finance, banking and accounting

CHANGES IN ACCOUNTANCY PROFESSION Lacrimioara OPREA FINANCIAL PERFORMANCE OF AUTONOMOUS ADMINISTRATIONS – EASY OR HARD TO OBTAIN? Delia BUGEAC LOCAL ACTION GROUPS-EFFICIENT STRATEGIES OF INCREASING PERFORMANCE INDICATORS Irina BOSIE

INSTITUTIONS AND ECONOMIC PERFORMANCE 13

NEGATIVE ASPECTS OF FISCAL INTEGRATION IN EUROPEAN AREA George Emilian MIHU CAPITAL MARKET IN ROMANIA IN THE CONTEXT OF CONSOLIDATION OF STOCK EXCHANGES IN THE EUROPEAN UNION Valentina IGNATESCU FORECAST – METHOD USED TO DETERMINE THE EFFICIENCY VALUES Ioan DUMITREAN

PRINCIPLES OF TAXATION Stefan MIHU GENERAL SYSTEM OF ECONOMIC-FINANCIAL CONTROL IN ROMANIA Niculai TODIREASA THE IMPACT OF USING FISCAL-BUDGETARY INSTRUMENTS IN THE CURRENT ECONOMIC AND FINANCIAL CRISIS Anca-Stefania SAVA

Room 407, 4th floor Section 4: Management

HOW TO ORGANIZE EFFICIENT WORKSHOPS Sebastian URIESI THE DEVELOPMENT OF TOURISM INDUSTRY IN ROMANIA BY GLOBAL DISTRIBUTION SYSTEMS

Florin BARHALESCU

MOTIVATION: BETWEEN THE OLD AND THE NEW

Maria TROFIN-DROMERESCHI Dan SERGHIE

PROPOSAL OF A WAGE SYSTEM THAT LEADS TO THE INCREASE OF ECONOMIC PERFORMANCES Dorin Leonard NISTOR THE ROLE OF HUMAN RESOURCES FROM HOTEL INDUSTRY FOR IMPROVING ORGANIZATIONAL PERFORMANCE

Carmen Claudia LUNGU

STRESS AND ORGANIZATIONAL PERFORMANCE CASE STUDY ON MILITARY ORGANISATIONS Alexandru STATE CHANGING INSTITUTIONS THROUGH EFFECTIVE COMMUNICATION Alexandra Ema CIOCLEA ORGANIZATIONAL FLEXIBILITY AND AGILITY IN A DYNAMIC ECONOMIC ENVIRONMENT

Anca Maria STANCULESCU

VOCATIONAL TRAINING IN HUMAN RESOURCE MANAGEMENT Ana TRUTA

INSTITUTIONS AND ECONOMIC PERFORMANCE 14

Room 417, 4th floor Section 5: Marketing

THE ROLE OF MARKETING STRATEGIES IN CREATING VALUE FOR INVESTORS

Claudia-Ioana PETRUSCA

CONSIDERATIONS WITH REGARD TO THE EVOLUTION OF MARKETING IN THE FIELD OF ENTREPRENEURSHIP

Viorica UNGUREANU TURCU

THEORETICAL APPROACHES OF ADVERTISING Veronica BORICEAN INSURANCE SALES AGENT’S INVESTMENTS IN THE RELATIONSHIP WITH CLIENTS

Elena GRIGORAS Ovidiu STOFOR

BRAND STRATEGIES DURING THE CRISIS Cosmin ICHIM WEB USER SESSION DEFINITION AND IDENTIFICATION IN WEB LOG DATA - A LITERATURE REVIEW Sinziana SPIRIDON BEST PRACTICES IN QUESTIONING CUSTOMERS Monica TALABA

THE INFLUENCE OF SOCIAL MEDIA IN CONTEMPORARY MARKETING

George-Cristian NISTOR

SERVICES CONSUMER SATISFACTION Carmen Roxana BORTAS 1645 Coffee break

INSTITUTIONS AND ECONOMIC PERFORMANCE 15

1700-1830 Parallel sessions Room 402, 4th floor Section 1: Economics and business relations

THE GERMAN SOCIAL MARKET ECONOMY: PAST AND PRESENT

Iolanda VODĂ Cezar IOJA

CHECKING EFFECTIVENESS AND CONSISTENCY OF THE EU COHESION POLICY

Mihaela IGNAT Nicoleta MORARIU

AGRICULTURE FINANCING IN ROMANIA

Iuliana-Marina CINDEA Elena RALEA Alexandra CONSTANTIN

THE BUTTERFLY EFFECT Costel-Ioan CIOBAN

THE IMPLICATIONS OF TOURISM IN THE ECONOMICAL GROWTH PROCESS Gabriela-Liliana CIOBAN

THE EUROPEAN UNION’S ENERGY SECURITY AND THE ROLE OF RUSSIA

Alexandra CONSTANTIN Iuliana CINDEA Elena RALEA

IMPLICATIONS, BENEFITS AND RISKS OF GLOBALIZATION FOR ROMANIA Niculai TODIREASA

SOCIAL DISPARITIES IN THE EU

Vasile MIFTODE Camelia MORARIU Mihaela IGNAT

Room 502, 5th floor Section 3: Finance, banking and accounting

THE RELATIONSHIP BETWEEN PUBLIC SPENDING ON EDUCATION AND ECONOMIC GROWTH

Anca-Stefania SAVA

MODERNIZATION OF FINANCIAL STATEMENTS - CURRENT AND FUTURE PERFORMANCE FACTOR FOR PUBLIC ACCOUNTING

Carolina SOROCEANU Gabi Georgiana DRAGU

INSTITUTIONS AND ECONOMIC PERFORMANCE 16

THE PERCEPTIONS OF THE INTERNATIONAL BASIS OF ACCOUNTING IN THE ROMANIAN ENVIRONMENT IN LIGHT OF RECENT ROMANIAN ACCOUNTING REFORMS Maria BOSOTEANU A SYMBOL OF THE EUROPEAN UNION: THE EURO CURRENCY Marius HRISCU COORDINATES AND IMPLICATIONS OF THE CONNECTION OF THE INSTITUTIONAL COMPONENTS OF THE ROMANIAN FISCAL SYSTEM TO THE DEVELOPMENT REQUIREMENTS ON THE BACKGROUND OF THE EUROPEAN INTEGRATION Marius FRUNZA THE IMPACT OF THE NONPERFORMING TRUSTS’ RISING OVER THE ACTIVITY OF THE ROMANIAN BANKING SYSTEM

Elena SIRETEANU-CIOBANU

THE ROLE OF MONETARY POLICY IN THE CURRENT FINANCIAL AND ECONOMIC CRISIS Marius APOSTOAIE FINANCIAL POLICIES TO SUPPORT SMES AND THEIR IMPLICATIONS IN TERMS OF THE ECONOMIC CRISIS Elena TOMA ECONOMIC PERFORMANCES: ALTERNATIVE INDICATORS FOR POST-AUTISTIC ECONOMICS Anca GHEORGHICA

Room 407, 4th floor Section 4: Management THE ANALYSIS OF THE HUMAN FACTOR- THE MAIN SOURCE FOR GENERATING PERFORMANCE Ana Maria BALAN ECONOMIC PERFORMANCES BY THE MANAGEMENT OF THE EMPLOYEES - MOTIVATIONAL LEVEL Dorin Leonard NISTOR

THE LEGISLATIVE COMMUNITY PROCESS Marius HRISCU THE IMPORTANCE OF PERFORMANCE APPRAISAL IN PROJECT MANAGEMENT Toma CRISTIAN IMPROVING MANAGEMENT PERFORMANCE IN OPERATING DRY PORTS Cezar CIORTESCU

INSTITUTIONS AND ECONOMIC PERFORMANCE 17

THE INFLUENCE OF CULTURE ON MANAGEMENT PERFORMANCE Andreea APETREI A BUSINESS INTELLIGENCE MODEL FOR ROMANIAN SMES Serghie DAN CRIZA FINANCIARA - OPORTUNITATE DE CRESTERE A EFICIENTEI RESURSELOR UMANE

Daniel DANECI-PATRAU

ENTERPRISE WIDE RISK MANAGEMENT -STRATEGIC IMPLICATIONS FOR VALUE MAXIMISATION

P.K. GUPTA Ashima JAIN

THE MANAGEMENT IN THE MILITARY ORGANIZATION Puiu SOFRONIA

Room 417, 4th floor Section 5: Marketing PECULIARITIES OF INTERNATIONAL MARKETING RESEARCH Sabina Mihaela RUSU TIPS - A MEASURE FOR QUALITY IN RESTAURANTS Sebastian MAHU HOAXES OR AGGRESION BY SUBLIMINAL STIMULI Dragos MARICIUC RESEARCH PAPER ON THE AUDIENCE HABITS OF TELEVISION CONSUMPTION IN THE NORTH-EASTERN REGION OF ROMANIA Monica LUCHIAN THE ANALYSE OF RELATIONSHIP MARKETING RESULTS Elena GRIGORAS THE NEUROMARKETING – DOMAINS OF APPLICATION Veronica BORICEAN CURRENT ASPECTS REGARDING COMMUNICATION WITHIN THE ROMANIAN LOCAL PUBLIC ADMINISTRATIONS Florina Maria BENTE A POSSIBLE METHODOLOGY FOR ESTABLISHING A BRAND

Doina MOSNEGUTU GURITA

TOURIST DESTINATION. CONTEXT OF STUDING IMAGE AND BRAND Oana Catalina VICOL

2030 Gala Dinner, Panoramic Restaurant

INSTITUTIONS AND ECONOMIC PERFORMANCE 18

NOVEMBER 21, Saturday

1000-1230 Parallel sessions Room 402, 4th floor Section 1: Economics and business relations

THE OLD AND NEW INSTITUTIONALISM - A COMPARATIVE ANALYSIS Iolanda Ana VODA FOUNDAMENTAL ALTERNATIVES FOR THE INSTITUTIONAL FRAMEWORK OF THE EUROPEAN UNION Catalina LUCACI EXPLORING CSR COMMUNICATION DISCLOSURE STRATEGIES

Olesia LUPU Elena COJOCARU

A STYLISED THEORY OF 2002-2008 OIL PRICES Mehdi SENOUCI ETHICS AND COMPETITIVENESS: NEW FACTORS OF DEVELOPMENT LOCAL PUBLIC ADMINISTRATION Ionica HOLBAN ONCIOIU MEASURING THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA Michael OGUNMUYIWA ECONOMICS FROM THE NEO INSTITUTIONAL PERSPECTIVE Manuela GREMBER THE NEO INSTITUTIONAL PERSPECTIVE OF THE INTERNATIONAL ECONOMIC RELATIONSHIPS Manuela GREMBER

INSTITUTIONS AND ECONOMIC PERFORMANCE 19

Room 407, 4th floor Section 3: Finance, banking and accounting ABC LEAN OR NOT? Laura CRETU FUNDAMENTAL COORDINATES OF ORGANISATION ACCOUNTING WITHIN THE CONTEXT OF NEW INFORMATION TECHNOLOGY

Arsenie-Samoil MIHALACHE

DEVELOPMENT IN THE GEORGIAN BANKING SYSTEM DURING THE LAST 20 YEARS (1989-2009) Paata KUNCHULIA QUALITATIVE AND QUANTITATIVE PERSPECTIVES ON THE PERFORMANCE OF CONTROL

Constantin IATCO Ionel BOSTAN

THE INSTITUTIONAL INVESTORS – THE IMPACT OF THEIR DEVELOPMENT ON THE STOCK MARKET Alina Camelia SARGU HOW TO PRICE A DERIVATIVE WITH PAYOFF AS PRODUCT OF TWO DIFFERENT OPTIONS? Tiberiu SOCACIU OVERVIEW OF THE ROMANIAN BANKING SYSTEM

Andra NICHITEAN Mircea ASANDULUI

LIMITS OF THE MESUREMENT METHODS REGARDING THE EUROPEAN INTEGRATION OF THE BANKING SYSTEM Bogdan ILUT THE EFFECTS OF FINANCIAL CRISIS ON INDICATORS OF FINANCIAL EQUILIBRUM OF FIRMS LISTED ON THE BUCHAREST STOCK EXCHANGE

Dan LUPU Laurentiu ONOSE

CORPORATE GOVERNANCE AND RISK MANAGEMENT IN BANKING ACTIVITIES

Mircea ASANDULUI Andra NICHITEAN

VALUATION OF INFORMATION ASSETS Mihai TABARA Bogdan IONASCU

COMPETITION ANALYSIS ON ROMANIAN BANKING MARKET AFTER THE ADHERENCE TO EUROPEAN UNION Teodor Razvan MIHU

INSTITUTIONS AND ECONOMIC PERFORMANCE 20

THE IMPACT OF FINANCIAL LIBERALIZATION ON BANKS PERFORMANCE Alin ANDRIES THE TRANSITION FROM THE ROMANIAN LEU TO THE SINGLE EUROPEAN CURRENCY IN THE CONTEXT OF THE CURRENT ECONOMIC CRISES Carmen SANDU THE INTERNATIONAL STOCK MARKET TENDENCIES AND THEIR EMERGENCE ON THE ROMANIAN ONE Alina Camelia SARGU ROMANIAN BANKRUPTCY AND ECONOMIC CRISIS

Dan LUPU Laurentiu ONOSE

CORRELATIONS OF CONTROL (AUDIT) AND ITS ECONOMIC, SOCIAL AND ENVIRONMENTAL IMPACT

Ionel BOSTAN Constantin IATCO

DETERMINANTS OF THE INTERNATIONALIZATION OF BANKING Viorel BUGA AN OVERVIEW OF THE INITIATIVE UNDERTOOKED FOR THE EUROPEAN INTEGRATION OF THE BANKING SECTOR Bogdan ILUT

INSTITUTIONS AND ECONOMIC PERFORMANCE 21

Room 417, 4th floor Section 5: Marketing EYE-TRACKING SYSTEMS AND BEST PRACTICES IN MARKETING ON-LINE Gabriel CUCUTEANU SOCIO-ECONOMIC EFFECTS OF LABOR MIGRATION IN THE NORTH-EAST ROMANIA

Doina MOSNEGUTU GURITA

E-COMMERCE DEVELOPMENT - THE CASE OF ROMANIA Patricea BERTEA LEADERS’ POLITICAL SKILL, ORGANIZATIONAL POLITICS SAVVY, AND CHANGE IN ORGANIZATIONS - A CONSTELLATION

Ahmad WARRAICH IMTIAZ Qaboos Cheema IMRAN

PERCEIVED RISK AND ONLINE SHOPPING BEHAVIOUR Patricea BERTEA