Prof. Adrian GORUN Ph.D Constantin Brancusi University of Târgu Jiu, Romania; Prof. Moise BOJINCA Ph.D Constantin Brancusi Univesity of Târgu Jiu,

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1 PROGRAMME INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013 X th EDITION Crisis and Convergence in EU November 22-23, 2013 TARGU JIU, ROMANIA 1

2 SCIENTIFIC COMMITTEE Prof. Adrian GORUN Ph.D Constantin Brancusi University of Târgu Jiu, Romania; Prof. Moise BOJINCA Ph.D Constantin Brancusi Univesity of Târgu Jiu, Romania; Prof. Liviu Lucian ALBU Ph.D member of Romanian Academy, Institute for Economic Forecasting, Romania; Prof. Ana-Gabriela BABUCEA Ph.D Constantin Brancusi University of Târgu Jiu, Romania; Prof. Ali AKMAZ Ph.D - Sirnak University, Turkey; Assoc. Prof. (Docent) Daniela ANDRÉN Ph.D- Swedish Business School at Örebro University, Sweden; Prof. Ali BAYAR - Free University of Brussels ( Department of Applied Economics), Belgium; Assoc. Prof. Nizamettin BAYYURT Ph.D, Fatih Univesity, Istanbul, Turkey; Assoc. Prof. Ibrahim BAZ - Sirnak University, Turkey; Prof. Boyan BELEV - America University in Bulgaria; Dr. Darja BORSIC University of Maribor, Slovenia; Prof. Régis BOURBONNAIS - Université de Paris-Dauphine, France; Prof. Constantin CIUTACU Ph.D - Romanian Academy, National Institute for Economic Research Costin C. Kiritescu, Romania; Prof. Wojciech CHAREMZA, The University of Leicester, England; Prof. Luminita CHIVU Ph.D Romanian Academy, National Institute for Economic Research Costin C. Kiritescu, Romania; Prof. Isabel Novo CORTI Ph.D University of Coruna, Spain; Prof. Nela Filimon COSTIN Ph.D - University of Girona, Spain; Prof. Emilian M. DOBRESCU, Ph.D. - Economic, Law and Sociology Section of the Romanian Academy Prof. Gérard DUCHENE - l Université de Paris 1, Paris, France; Prof. Mario GIAMPIETRO - Autonomous University of Barcelona, Spain; Prof. Ion GHIZDEANU Ph.D - National Commission of Prognosis and Research Professor Romanian Academy Prof. Steven HALL - The University of Leicester, University Road, Leicester, England; Prof. Emmanuel HAVEN - The University of Leicester, University Road, Leicester, England; Prof. András INOTAI, Hungarian Academy of Sciences, Hungary; Raluca IORGULESCU Ph.D Institute for Economic Forecasting, Romanian Academy; Prof. Andre FAINA Ph.D University of Coruna, Spain; Prof. Walter Leal FILHO Ph.D, Ph.D. h.c. - Hamburg University of Applied Sciences, Germany; Assoc. Prof.Stefano MAINARDI Ph.D Wyszyński University, Warsaw, Poland 2

3 th INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013, Xth EDITION, CONSTANTIN BRANCUSI UNIVERSITY OF TÂRGU JIU, FA CULTY OF ECONOMICS AND BUSINESS ADMINISTRATION Dr. Alenka KAVKLER - University of Maribor, Slovenia; Warsaw, Poland; Prof. Dumitru MIRON Ph.D - ASE Academy of Economic Studies, Bucharest, Romania; Dr. Mihai Sabin MUSCALU - Romanian Academy, Centre of Industry and Services Economics, Romania; Assoc. Prof. Mete Cneyt OKYAR - Sirnak University, Turkey; Prof. Cornel OROS Ph.D University of Poitiers, France; Prof Francesco PASTORE - Univeristatea Seconda din Napoli, Italy; Prof. Constantin POPESCU Ph.D - Academy of Economic Studies, Bucharest, Romania; Prof. Constantin ROSCA Ph.D Association of Faculties of Economics of Romania, University of Craiova, Romania; Prof. Ilie ROTARIU Ph.D - Lucian Blaga University of Sibiu, Romania; Dr. Andrei ROUDOI - Global Insight, Washington, D.C.,USA; Prof. Steliana SANDU Ph.D - Romanian Academy, Institute of National Econony, Romania; Prof. Manuela SARMENTO Ph.D University of Lusiada, Lisbon, Portugal; Prof. Sorin SOLOMON - Hebrew University of Jerusalem, Israel Prof. Alexandru STRATAN Ph.D- Academy of Sciences of Moldova, Institute of Economics, Finances and Statisticsm, Republica Moldova; Prof. Alexandru TASNADI Ph.D - Academy of Economic Studies, Bucharest, Romania; Prof. Eleftherios THALASSIONS Ph.D - University of Piraeus, Greece; Prof. Sergio ULGIATI - University of Naples Parthenope, Italy; Prof. Ion VERBONCU Ph.D - Academy of Economic Studies, Bucharest, Romania; Prof. Gheorghe ZAMAN Ph.D correspondent member of Romanian Academy, Romania. ORGANIZING COMMITTEE President: Ana Gabriela Babucea Secretary : Cecilia Irina Răbonț u Members: Vasile Popeangă, Gabriela Dobrotă, Liviu Neamtu, Lucia Popa Paliu, Lucian Medar, Dorel Chiritescu, Adina Neamtu, Constantin Căruntu,Amelia Boncea,George Niculescu, Doru Cirnu, Gheorghe Holt, Diana Pociovalisteanu, Constanţa Enea, Amalia Todoruț, Nicolae Ecobici, Aniela Bălăcescu, Daniela Dănăcică; Loredana Ciurlău, Claudia Mungiu Pupăzan, Marcel Romanescu, Lorena Popescu, Nicolae Vasile Popeangă, Carina Stegăroiu, Felicia Chirculescu; Loredana Lăpăduşi, Gheorghe Caralicea Mărculescu, Maria Vaduva, Cecilia Văduva, Genu Alexandru Căruntu, Mirabela Florea Ianc, Irina Chirtoc, Ionuţ Ceauşescu, Maria Vasilescu, Bogdan Zamfir. 3

4 PROGRAMME ECOTREND 2013 Friday, November 22, :30 09:30 Registration 09:30 09:45 Welcome and Opening Ceremony 09:45 12:30 Plenary Sessions 12:30 14:00 Lunch 14:00 16:30 Parallel Sessions 16:30 17:00 Pause 17:00 19:00 Parallel Sessions 19:00 Special Event And Conference Dinner Saturday, November 23, :00 11:30 Parallel Sessions 11:30 12:00 Coffee Break 12:00 13:30 Parallel Sessions 13:30 14:00 Lunch 14:00 16:00 Parallel Sessions Participants Registration Friday, November 22, :30-09:30 Participants registration will take place inside the Rectorate of Constantin Brâncuşi University of Târgu Jiu (Calea Eroilor Street no. 30, Târgu Jiu) Welcome and Opening Ceremony Friday, November 22, :30 09:45 Welcome and opening ceremony will take place inside the Rectorate of Constantin Brâncuşi University of Târgu Jiu, Hall A016. The speakers will share their visions regarding the main theme of the conference: Crisis and Convergence in UE 4

5 Plenary Sessions Friday, November 22, :45 12:30 Plenary Sessions will take place at the Rectorate of Constantin Brâncuşi University of Târgu Jiu, Hall A016 Speakers are going to share their knowledge and give insights on Crisis and Convergence in EU from different perspectives: PLENARY SPEAKERS ESTIMATING AN AGGREGATE INDEX OF CONVERGENCE Acad. Prof. Ph.D. Liviu Lucian ALBU Romanian Academy, Institute for Economic Forecasting, Romania POST-CRISIS SOCIAL CONVERGENCE IN ROMANIA. Prof.Ph.D. Ion Ghizdeanu National Forecasting Commission, Romania INTERNATIONAL VIZIBILITY OF ROMANIAN SCIENTIFIC RESEARCH Ph.D. Steliana Sandu Romanian Academy, Institute for National Economy, Romania 5

6 Prof.univ.dr. Marian Zaharia Petroleum-Gas university of Ploiesti Romania ANALYSIS OF EMPLOYMENT AS THE SIGNIFICANT FACTOR IN THE PROCESS OF REAL CONVERGENCE EFFICIENCY IN EUROPEAN TRANSITION BANKING SYSTEMS Prof.Ph.D. Cristian Spulbar University of Craiova, Romania NATIONAL WEALTH OF ROMANIA: A NEW EVALUATION METHOD, STRUCTURES AND TENDENCIES IN A COMPARATIVE INTERNATIONAL CONTEXT Acad. Prof. Ph.D. Gheorghe Zaman Romanian Academy, Institute for National Economy, Romania Parallel Sessions Friday, November 22, :00-19:00 Saturday, November 23, :00-16:00 Parallel Sessions will take place at the Faculty of Economics and Business Administration (Victoria Street, No. 24, Târgu Jiu) 6

7 SECTION 1 MACROECONOMIC THEORY AND POLICY Friday, November 22, :00 19:00 Room: B110 Section Chairs: DORU CIRNU "Constantin Brâncuşi" University of Târgu Jiu, Romania DIANA POCIOVALISTEANU "Constantin Brâncuşi" University of Târgu Jiu, Romania Secretary: Ionut Aurelian Ceausescu "Constantin Brâncuşi" University of Târgu Jiu, Romania 1. OUTPUT-GAPS IN THE PIIGS ECONOMIES: AN INGREDIENT OF A GREEK TRAGEDY Andrade João Sousa Duarte António Portugal Faculty of Economics of the University of Coimbra and GEMF 2. THE IMPACT OF THE UNDERVALUATION OF THE CHINESE CURRENCY IN FOREIGN TRADE WITH THE EUROPEAN UNION António Portugal Duarte Ana Cardoso Faculdade de Economia da Universidade de Coimbra Grupo de Estudos Monetários E Financeiros (GEMF) 3. THE SIZE OF THE SOCIAL ECONOMY IN ROMANIA Gabriela Buşan, Nicolae Ecobici, 7

8 Irina-Elena Chirtoc, 4. STUDY REGARDING THE GLOBALISATION PHENOMENON Aurelian Ionut Ceausescu, 5. ENVIRONMENTAL PROTECTION AND SUSTAINABLE ECONOMIC DEVELOPMENT Doru Cirnu, Daniela Danacica, 6. THE ROLE OF NATIONAL MINORITIES IN ROMANIA'S ECONOMICAL MODERNIZATION IN THE XIX th CENTURY M. Emilian Dobrescu, Economic, Law and Sociology Section of the Romanian Academy Pociovalisteanu Diana Mihaela 7. ACTIVE MEASURES REGARDING FIGHTING UNEMPLOYMENT IN THE ROMANIAN ECONOMY Iulian Denis, Purdescu 8. ECONOMIC DIMENSIONS OF AGRICULTURE IN ROMANIA Cecilia Irina Rabontu, Ana-Gabriela Babucea, 8

9 9. REFLECTIONS ON THE PHENOMENON OF POVERTY IN THE CONTEMPORARY CONTEXT OF ECONOMIC GLOBALIZATION Paul-Bogdan Zamfir 9

10 Friday, November 22, :00 19:00 Room: B110 SECTION 2 LABOR ECONOMICS Section Chairs: MARIAN ZAHARIA Petroleum-Gas university of Ploiesti Romania ANIELA BĂLĂCESCU "Constantin Brâncuşi" University of Târgu Jiu, Romania Secretary: Maria Vasilescu "Constantin Brâncuşi" University of Târgu Jiu, Romania 1. SOCIAL ENTERPRISES PROFIT FOR THE PEOPLE Gabriela Buşan, Nicolae Ecobici, Claudia Dina, 2. IMPLICATIONS OF EDUCATIONAL LEVEL ON UNEMPLOYMENT AND PROFESSION Emilia Mihaela Costescu, 3. POVERTY IN ROMANIA COMPARED TO EU Maria Mirabela Florea Ianc, 10

11 4. PASSIVE MEASURES REGARDING THE FIGHT AGAINST UNEMPLOYMENT IN THE ROMANIAN ECONOMY AND THE LISBON STRATEGY Iulian Denis, Purdescu 5. ANALYSIS OF EMPLOYMENT AS THE SIGNIFICANT FACTOR IN THE PROCESS OF REAL CONVERGENCE Marian Zaharia Petroleum-Gas university of Ploiesti Romania Aniela Bălăcescu 11

12 SECTION 3 MARKETING, COMMERCE AND TOURISM Friday, November 22, :00 19:00 Room: B114 Section Chairs: LIVIU NEAMŢU, "Constantin Brâncuşi" University of Târgu Jiu, Romania IONEL BARBU Aurel Vlaicu University, Arad, Romania Secretary: Claudia Dina "Constantin Brâncuşi" University of Târgu Jiu, Romania 1. THE IMPLICATIONS OF INNOVATION PROCESS ON THE MARKETING OF HIGH-TECHNOLOGY PRODUCTS Simona Bălăşescu, Lavinia Dovleac, Faculty of Economic Sciences and Business Administration, Transilvania University of Brasov, Romania 2. AN INVESTIGATION OF THE DINIG-OUT BEHAVIOR OF ROMANIAN YOUNG PEOPLE Codruţa-Adina Băltescu, Dana Boşcor, Faculty of Economic Sciences and Business Administration, Transilvania University of Braşov, Romania 3. DIFFICULTIES AND LIMITATIONS IN THE DEVELOPMENT OF RURAL TOURISM FROM THE PERSPECTIVE OF LOCAL GOVERNMENT Ionel Barbu, Aurel Vlaicu, University Arad, Romania 12

13 4. FACTORS OF RURAL TOURISM DEVELOPMENT IN THE REGION CRISANA Ionel Barbu, Aurel Vlaicu, University Arad, Romania 5. NATURE OF ELECTORAL MARKETING IN ROMANIA Gabriel Dinu, Eftimie Murgu University, Resita, Romania 6. INFLUENCE OF ENDOGENOUS FACTORS ON THE BEHAVIOR OF CONSUMPTION AND BUYING FOR THE POPULATION OF RESITA Gabriel Dinu, Eftimie Murgu University, Resita, Romania 7. A STUDY ABOUT THE CONSUMER ATTITUDES TOWARDS TOURISM SERVICES IN BAILE HERCULANE Loredana Dinu, Eftimie Murgu University, Resita, Romania 8. IMPORTANTA STRATEGIES CUSTOMER ORIENTED GLOBALIZATION THROUGH TOURISM SERVICES Constanţa Enea, Constantin Enea, 9. INTANGIBLE NATURE OF SERVICES AND PROFOUND IMPLICATIONS ON HOW CUSTOMERS FORM THEIR IMPRESSIONS AND TAKING THEIR BUYING DECISIONS Constanţa Enea, Constantin Enea, 13

14 10. ORGANIC PRODUCT MARKET DEVELOPMENT FAVORABLE CONDITIONS AND LIMITS IN ROMANIA Cristina Florina Frunteş, Transilvania University of Brasov, Romania 11. PARTICULARIZING STRATEGIES AND RESEARCH METHODS FOR PERCEIVED QUALITY IN THE FIELD OF BANK SERVICES Florin Lucian Isac, Sergiu Rusu, Aurel Vlaicu, University of Arad, Romania, 12. THEORIES OF CONSUMER S SATISFACTION AND THE OPERATIONALIZATION OF THE EXPECTATION DISCONFIRMATION PARADIGM Florin Lucian Isac, Sergiu Rusu, Aurel Vlaicu, University of Arad, Romania, 13. SERVICE QUALITY ANALYSIS - HOTEL ALPIN (POIANA BRASOV) Anca Madar Nicoleta Andreea Neacşu, Faculty of Economic Sciences and Business Administration "TRANSILVANIA" University of Brasov, Brasov, Romania, 14. ANALYSIS, SELECTION AND RANKING OF FOREIGN MARKETS A COMPREHENSIVE APPROACH Liviu Neamţu, Adina Claudia Neamţu, 14

15 15. BALNEOLOGY IN ROMANIA: SOME CONSIDERATIONS ABOUT GENERAL INFRASTRUCTURE AND ACCOMMODATION SYSTEM Ilie Rotariu, Lucian Blaga University of Sibiu, Romania Alexandre Kostov, Institute for Balkan Studies, Sofia, Bulgaria 16. THE EVOLUTION OF THE ACCOMMODATION CAPACITY IN THE NORTHERN AREA OF GORJ COUNTY IN THE INTERVAL Silviu-Florin Salomia, University of Bucharest, Romania 17. THE INFLUENCE OF CLIMATE IN THE TOURISM DEVELOPMENT STRATEGY - NORTHERN REGION OF GORJ COUNTY CASE STUDY - Silviu-Florin Salomia, University of Bucharest, Romania 18. ROMANIA'S COUNTRY BRAND AS A NECESSITY Carmen Secară, University of Piteşti, Romania 19. THE EFFECTS OF PUBLIC POLICIES ON RESEARCH AND DEVELOPMENT, COMMERCIAL AND REGIONAL POLICIES Ramona Mihaela Urziceanu, Viorina Maria Judeu, Agora University of Oradea, Romania 20. INNOVATION AS COMPETITIVE ADVANTAGE IN THE ARTISAN ENTERPRISES IN TONALÁ, JALISCO Vargas- Hernández José G., Salcedo-Medina Fernando De Jesús University Center for Economic and Managerial Sciences, University of 15

16 Guadalajara 21. INTERACTIONS BETWEEN MOMENTUM VALUE AND SIZE FACTORS ON THE POLISH MARKET Zaremba Adam, Konieczka Przemysław, Poznań University of Economics, Warsaw School of Economics 16

17 SECTION 4 ECONOMIC GROWTH AND DEVEPOLMENT Friday, November 22, :00 19:00 Room: B112 Section Chairs: MARIOARA IORDAN, Institute for Economic Forecasting NIER, Romanian Academy ION GHIZDEANU Institute for Economic Forecasting NIER, Romanian Academy Secretary: Mariana Claudia Mungiu-Pupăzan "Constantin Brâncuşi" University of Târgu Jiu, Romania 1. CURRENT COORDINATES OF ROMANIAN VULNERABLE GROUPS IN THE EUROPEAN CONTEXT Mariana Bălan, Brînduşa Radu, Raluca Ioana Iorgulescu, Institute for Economic Forecasting NIER, Romanian Academy 2. ANALYSIS AND PLANNING OF REGIONAL DEVELOPMENT - CONTEXTUAL VARIABLES TO DEVELOP A MODEL FOR MONITORING FINANCIAL INDICATORS AT REGIONAL LEVEL. MULTI-SECTOR REGIONAL ANALYSIS: INTERDEPENDENCIES AND HIERARCHIES Cristina Gradea, Gh. Cristea University, Bucharest, Romania 17

18 th INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013, Xth EDITION, CONSTANTIN BRANCUSI UNIVERSITY OF TÂRGU JIU, FA CULTY OF ECONOMICS AND BUSINESS ADMINISTRATION 3. THE ADVANTAGES OF REGIONALIZATION BY TRANSFORMING THE CURRENT TERRITORIAL ECONOMIC AND STATISTICAL STRUCTURES INTO ADMINISTRATIVE STRUCTURES Marioara Iordan, Ion Ghizdeanu, Carmen Beatrice Păuna, Dorin Jula, Nona Mihaela Chilian, Cristian Stănică, Dana Ț apu Institute for Economic Forecasting NIER, Romanian Academy, Romania 4. POST-CRISIS POVERTY RESEARCH: FROM ECONOMETRIC MODELLING TO MULTI-SCALE INTEGRATED ANALYSIS Raluca Iorgulescu Institute for Economic Forecasting NIER, Romanian Academy, Romania 5. SOLAR ENERGY A WORLD HERO Gheorghe Marculescu Caralicea 6. COMPETITIVE MARKET IN A COMPETITIVE ECONOMY Mariana Claudia Mungiu-Pupăzan 7. SELF-PERCEPTION OF DIFFERENT SOURCES OF DISCRIMINATION IN THE WORKPLACE Novo-Corti Isabel Fernando González-Laxe University of Coruña, Spain 18

19 th INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013, Xth EDITION, CONSTANTIN BRANCUSI UNIVERSITY OF TÂRGU JIU, FA CULTY OF ECONOMICS AND BUSINESS ADMINISTRATION 8. REMARKS ON INFLUENCE OF INDUSTRIAL CLUSTERS ON ECONOMIC GROWTH Carmen Beatrice Păuna, Nona Mihaela Chilian, Marioara Iordan, Institute for Economic Forecasting NIER, Romanian Academy 9. THE IMPACT OF MIGRATION ON ROMANIA'S ECONOMICAL AND SOCIAL DEVELOPMENT Diana Pociovalisteanu, Emilian M Dobrescu, Economic, Law and Sociology Section of the Romanian Academy 10. THE EFFECTS OF PUBLIC POLICIES ON RESEARCH AND DEVELOPMENT, COMMERCIAL AND REGIONAL POLICIES Ramona - Mihaela Urziceanu Viorina - Maria Judeu Agora University of Oradea 11. ANALYSIS OF SMEs BY MEANS OF SUSTAINABLE DEVELOPMENT Marcel Laurenț iu Romanescu, 12. WELFARE MODELS IN THE GLOBAL ECONOMY Carina-Elena Stegăroiu, 19

20 13. ROLE OF HUMAN CAPITAL FORMATION IN ECONOMIC DEVELOPMENT Diana Tănase, Eftimie Murgu University of Reşiţa, Romania 14. ROLE OF TOURISM IN THE GROWTH OF ECONOMIC COMPETITIVENESS Diana Tănase, Adrian Tănase, Florin Franţ, Eftimie Murgu University of Reşiţa, Romania 20

21 SECTION 5 FINANCE AND FINANCIAL STABILITY Friday, November 22, :00 19:00 Room: B111 Section Chairs: GABRIELA DOBROTĂ "Constantin Brâncuşi" University of Târgu Jiu, Romania LUCIAN-ION MEDAR "Constantin Brâncuşi" University of Târgu Jiu, Romania Secretary: Loredana Ciurlau Constantin Brâncuşi University of Târgu Jiu, Romania 1. DOES IT MAKE SENSE TO LISTEN TO STOCK ANALYSTS? EVIDENCE FROM THE POLISH MARKET Adam Zaremba Poznań University of Economics Przemysław Konieczka, M.A., Warsaw School of Economics 2. TO BE OR NOT TO BE IN THE EMU: THE CASE SATELLITE COUNTRIES Ana-Maria Barsan Alexandra Horobet Bucharest University of Economic Studies 3. THE USE OF SENSITIVITY ANALYSIS IN RISK ASSESSMENT Pipu-Nicolae Bârsan, Gheorghe Suciu, Dimitrie Cantemir Christian University, Braşov, Romania 21

22 th INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013, Xth EDITION, CONSTANTIN BRANCUSI UNIVERSITY OF TÂRGU JIU, FA CULTY OF ECONOMICS AND BUSINESS ADMINISTRATION 4. REGIONAL ANALYSIS OF MARKETS UNCERTAINTY SPILLOVER Kamel Malik Bensafta Laboratoire d Economie d Orléans, France. 5. Z RATING MODEL BASED ON FOUR FACTORS BY ECONOMIC VALUE ADDED (EVA) Alexandru Bogeanu, Bucharest University of Economic Studies, Romania 6. THE COMPANY S PERFORMANCE ANALYSIS BASED ON INDICATORS OF THE NATURE OF PROFIT Constantin Caruntu, Mihaela Loredana Lăpăduşi, 7. PARTICULARITIES CONCERNING THE MANAGEMENT OF LIQUIDITY RISK IN THE BANKING SYSTEM, UNDER PRESENT CIRCUMSTANCES IN ROMANIA Loredana Ciurlău, Genu Alexandru Căruntu, 8. EVENTS AND EFFECTS OF FISCAL COMPETITION Gabriela Dobrotă, Maria Felicia Chirculescu, Mihai Dragoș Ungureanu, Spiru Haret, Bucharest, Romania 22

23 th INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013, Xth EDITION, CONSTANTIN BRANCUSI UNIVERSITY OF TÂRGU JIU, FA CULTY OF ECONOMICS AND BUSINESS ADMINISTRATION 9. THE ECONOMIC GROWTH IN ROMANIA MEASURES AND EFFECTS Gabriela Dobrotă Mihai Dragoș Ungureanu, Spiru Haret, Bucharest, Romania Maria Felicia Chirculescu, 10. EXPOSURE TO CURRENCY RISK: A COMPARATIVE ANALYSIS OF ROMANIA AND CROATIA Alexandra Horobet Ana-Maria Barsan Bucharest University of Economic Studies, University of Bucharest, Romania 11. THE INTELLECTUAL CAPITAL REPORTS-QUALITY GROWTH FOR THE BVB FINANCIAL STATEMENTS INFORMATION Ana Maria Ilie, Cristian Ionel Vătăşoiu, Ioan Dumitru Motoniu, Valahia University of Târgovişte, Romania 12. HOUSEHOLD SAVING AND CONSUMER CONFIDENCE Aneta Kłopocka University of Finance and Management in Warsaw 13. A SYNTHETIC APPROACH REGARDING THE COMPANY S EXPENSES BASED ON THE EFFICIENCY RATIO OF TOTAL EXPENSES INDICATOR Mihaela Loredana Lăpăduşi, Constantin Căruntu, 23

24 14. ENVIRONMENTAL FUND - INSTRUMENT FOR FINANCING ENVIRONMENTAL PROTECTION Vasile Popeangă 15. DEVELOPMENT OF A SINGLE MACRO-PRUDENTIAL SUPERVISORY MODEL OF THE ROMANIAN FINANCIAL SYSTEM Lucian-Ion Medar, Irina-Elena Chirtoc, 16. DETERMINANTS OF TAX COMPLIANCE Marius Cristian Milos, Faculty of Economics, Eftimie Murgu University of Resita, Romania 17. RISK IN AUDIT ACTIVITIES Stelian Selisteanu University of Craiova, Romania Vasile Nicolae Popeangă 18. BASEL III IMPLICATIONS OF THE NEW AGREEMENT UPON THE BANKING ACTIVITY Ramona Ioana Vlada Faculty of Economic Sciences, Lucian Blaga University of Sibiu, Romania, Ioana Mădălina Banu, Faculty of Economic Sciences, Lucian Blaga University of Sibiu, Romania, 24

25 th INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013, Xth EDITION, CONSTANTIN BRANCUSI UNIVERSITY OF TÂRGU JIU, FA CULTY OF ECONOMICS AND BUSINESS ADMINISTRATION SECTION 6 ACCOUNTING AND BANKING Friday, November 22, :00 19:00 Room: B010 Section Chairs: LUCIA PALIU - POPA Constantin Brancusi University of Targu Jiu, Romania CRISTI SPULBĂR University of Craiova, Romania Secretary: Mirabela Florea Ianc Constantin Brâncuşi University of Târgu Jiu, Romania 1. FACTORS OF INLUENCE ON THE LEVEL DYNAMICS OF ECONOMIC MANAGEMENT STOCKS Adela Mădălina Arsenie, Economic College "Virgil Madgearu" Tg-Jiu, Romania AND 2. THE ABC METHOD CALCULATION - CASE STUDY Adela Mădălina Arsenie, Economic College "Virgil Madgearu" Tg-Jiu, Romania 3. PERFORMANCE-RELIABILITY THE MAIN SUBJECT OF THE BANKING ANALYSIS OF THE CREDITED SOCIETIES Camelia Avram (Boitos), Mărioara Beleneș i, 1 Decembrie 1918 University, Alba Iulia, Romania 25

26 4. CREDIT RISK MANAGEMENT WITH THE PURPOSE OF OPTIMIZING THE PERFORMANCES OF THE FINANCIAL INSTITUTIONS Marinela Bărbulescu, Alina Hagiu, Victoria-Mihaela Brînzea, University of Pitesti, Faculty of Economics, Romania 5. CRITICAL ANALYSIS OF THEIR RISK FINANCIAL INSTRUMENTS Genu Alexandru Caruntu, Gheorghe Holt, 6. TAX AND ACCOUNTING REPERCUSSIONS ON VAT COLLECTION SYSTEM Gheorghe Holt, Genu Alexandru Caruntu, 7. LIMITATIONS OF INFORMATION INCLUDED IN THE FINANCIAL STATEMENTS Marius Miloş, Laura Raisa Miloş, Faculty of Economic Sciences, Eftimie Murgu University of Resita, Romania 8. ANALYSIS OF EXPORTS OF GOODS ON TRADE CREDIT CONSIGNMENT FROM AN ACCOUNTING PERSPECTIVE Lucia Paliu Popa, 26

27 th INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013, Xth EDITION, CONSTANTIN BRANCUSI UNIVERSITY OF TÂRGU JIU, FA CULTY OF ECONOMICS AND BUSINESS ADMINISTRATION 9. PREPARING THE SALE EXPENDITURE BUDGET THE SALE EXPENDITURE BUDGET AN ESSENTIAL TOOL FOR BALANCING AND STAYING ON A COMPETITIVE MARKET Luminita Nicoleta Popescu (Costache),, University of Craiova, Romania 10. POSSIBILITIES OF APPLYING COST CALCULATION ON ACTIVITIES IN THE ELECTROTECHNICAL INDUSTRY Luminita Nicoleta Popescu (Costache),, University of Craiova, Romania 11. ELABORATION OF A JUDICIAL ACCOUNTING EXPERTISE REPORT. AN EXAMPLE Sorin-Constantin Deaconu, 1 Decembrie 1918 University of Alba Iulia, Romania 12. TRENDS AND CHALLENGES IN ROMANIAN BANKING SYSTEM Cristi Spulbăr, Mihai Niț oi, Adriana Spinu, University of Craiova, Romania 13. EFFICIENCY IN EUROPEAN TRANSITION BANKING SYSTEMS Cristi Spulbăr, Mihai Niț oi, Adriana Spinu University of Craiova, Craiova, Romania 27

28 SECTION 7 MANAGEMENT TRANSFORMATION November 23, :00 13:00 Room: B110 Section Chairs: AMALIA VENERA TODORUT Constantin Brancusi University of Targu Jiu, Romania MARCEL ROMANESCU "Constantin Brâncuşi" University of Târgu Jiu, Romania Secretary: Aniela Balacescu, "Constantin Brâncuşi" University of Târgu Jiu, Romania 1. THE MANAGEMENT AND CONTENT OF MANAGERIAL FUNCTIONS IN ROMANIAN UNIVERSITIES Marioara Avram, Cristina-Petrina Drăguşin, University of Craiova, Craiova, Romania 2. ORGANIZATION OF ROMANIAN UNIVERSITIES ON THE PRINCIPLES OF CORPORATE GOVERNANCE Marioara Avram, Cristina-Petrina Drăguşin University of Craiova, Craiova, Romania 28

29 th INTERNATIONAL SCIENTIFIC CONFERENCE ECO-TREND 2013, Xth EDITION, CONSTANTIN BRANCUSI UNIVERSITY OF TÂRGU JIU, FA CULTY OF ECONOMICS AND BUSINESS ADMINISTRATION 3. CERTIFICATION AND STANDARDISATION IN THE EUROPEAN UNION S NEW APPROACH Liviu Marius Cîrţînă, Constanţa Rădulescu, Faculty of Engineering Constantin Brâncuşi University of Târgu Jiu, Romania 4. GROWING A COMPANY BY INTERNATIONAL BUSINESS PLANNING Liviu Neamţu, Adina Claudia Neamţu, 5. MANAGEMENT ANALYSIS BASED ON RESPONSABILITY CENTRES Marcel Laurenţiu Romanescu, 6. EXPAT A CHALLENGE FOR EMPLOYERS Carmen Secară, University of Piteș ti, Romania 7. ECONOMIC INCURSION IN THE REGIONALIZATION PROCESS CASE STUDY Amalia Venera Todoruţ, Faculty of International Relations, Law and Administrative Sciences Constantin Brâncuşi University of Târgu Jiu, Romania 29

30 SECTION 8 and 9 QUANTITATIVE METHODS IN ECONOMICS INFORMATION SYSTEMS FOR BUSINESS ADMINISTRATION Saturday November 23, :00 11:30 Room: B112 Section Chairs: ANA-GABRIELA BABUCEA Constantin Brancusi University of Targu Jiu, Romania CECILIA RABONTU Constantin Brancusi University of Targu Jiu, Romania Secretary: Irina Chirtoc "Constantin Brâncuşi" University of Târgu Jiu, Romania 1. MODELS OF MENTAL HEALTH CARE FINANCING IN EUROPE Mariana Bălan, Carmen Beatrice Păuna, Institute for Economic Forecasting, Romania 2. PREDICTING FINANCIAL TIME SERIES USING CHAOS THEORY Dumitru Ciobanu Bar Mary Violeta University of Craiova, Romania 3. PREDICTING THE EXCHANGE RATE USD/EUR USING COMPUTATIONAL INTELLIGENCE TECHNIQUES Dumitru Ciobanu Bar Mary Violeta University of Craiova, Romania 30

31 4. SIGNALLING GREEN TECHNOLOGY THROUGH PRICE AND ECO-LABEL Pavlinović Slađana University of Split, Faculty of Economics, Croatia 5. THE ENVIRONMENTAL KUZNETS CURVE: MODELING THE ENVIRONMENT - ECONOMIC GROWTH RELATIONSHIP Dorin Cosma, West University of Timisoara, Alina Georgiana Holt Faculty of International Relations, Law and Administrative Sciences Constantin Brancusi University of Targu Jiu, Romania 6. MODELING THE ENERGY EFFICIENCY OF ROMANIAN ECONOMY Cornelia Tomescu Dumitrescu Alina Georgiana Holt Faculty of International Relations, Law and Administrative Sciences Constantin Brancusi University of Targu Jiu, Romania 31