Papers by Laura Mariana Cismas
Investing in Social and Intellectual Capital: A Public–Private Partnership Issue
Studies in systems, decision and control, Nov 10, 2023
The Analysis of Domestic and International Tourism and Travelling for Romania
Ovidius University Annals: Economic Sciences Series, 2020
Romania can claim the status of destination for exploration, leisure and travel and the recent de... more Romania can claim the status of destination for exploration, leisure and travel and the recent developments prove the interest for developing and improving itineraries, and infrastructures, while pursuing to identify the most relevant issues for increasing the competitiveness of the Romanian tourism and travel sector. Our paper, by analysing some indicators relevant for the domestic tourism and travel sector attempts on one hand to identify how organisation and activities' improvement might contribute in achieving this goal, by estimating the preferences of domestic tourists as regards inbound and outbound tourism and travel. As the pandemic has played and continues to play an important role in the development of the tourism and travel sector, overall, as regards the HORECA industry, we will attempt also to draw some broad lines as regards 'guesstimating' the future of tourism and travel in the 'new normal' circumstances.
Energies
The primary objective of this research was to determine the impact of renewable energy, alternati... more The primary objective of this research was to determine the impact of renewable energy, alternative and nuclear energy, urbanization, energy use, and fossil fuel energy consumption on Romanian economic development. To investigate the relation between variables, we employed the Autoregressive Distributed Lag (ARDL) technique in conjunction with FMOLS (Fully Modified Least Squares) and CCR (Canonical Cointegrating Regression). Long-run and short-run findings suggest that alternative and nuclear energy, as well as fossil fuel consumption, has a positive association with economic growth, but renewable energy, urbanization, and energy usage have an adversative relationship with economic growth. Similarly, FMOLS and CCR statistics indicate that alternative and nuclear energy and fossil fuel consumption have a favorable impact on economic development. Renewable energy consumption, urbanization, and energy use, on the other hand, revealed a negative connection with economic progress. Conser...
Sustainability
The bioeconomy is a complex and increasingly relevant field, and agriculture represents an essent... more The bioeconomy is a complex and increasingly relevant field, and agriculture represents an essential sector for its development. The bioeconomy presents an opportunity for sustainable agriculture that is beneficial for the environment and public health, both globally and particularly for nations with centralized agricultural systems, such as the former socialist Central and Eastern European Countries (CEECs). This article takes a novel approach to investigate the bioeconomic indicators in CEECs’ agriculture. It combines the hierarchical grouping method with an index based on socioeconomic indicators specific to the bioeconomy. It aims to find how the selected countries performed in terms of agriculture indicators. The socioeconomic indicator analysis showed that some countries had more linear evolutions than others, while some of them clearly outperformed the average of the region. The cluster analysis divided the countries into three relevant groups. The findings revealed patterns ...
Sustainability
The present study empirically investigates the effect of corporate governance on the value of cas... more The present study empirically investigates the effect of corporate governance on the value of cash holding, usage of excess cash, and firm performance in concentrated and competitive industries in the context of less developed countries. The empirical analysis was conducted in the panel data setting using Pakistan as a case study. Our findings suggest a strong relationship between the value of cash holding and corporate governance, and the complementary effect of product market competition for corporate governance. This suggests that the external market discipline is also needed, in addition to good governance, to resolve agency problems in less developed countries. This is because less developed countries are usually characterized by lower competition, poor mechanisms for shareholder protection, and weak legal systems. Consequently, agency problems are greater in less developed countries compared to developed countries. Our findings also indicate that firms with good governance dis...
Sustainability, Mar 17, 2022
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
Annals of DAAAM for ... & proceedings of the ... International DAAAM Symposium .., 2012
This paper aims to present the inter-business horizontal collaboration approach as a viable solut... more This paper aims to present the inter-business horizontal collaboration approach as a viable solution for a small to medium enterprises to cope with extreme economic factors that arise from a worldwide economic crises environment. A series of core features of an efficient business monitoring system are being presented for this scenario. The practical application of the horizontal collaboration business approach is exemplified by the successful case of MTS GmbH Germersheim in Germany, a fairly new player on the market that understood the need to develop strategic partnerships within the E.U. supportive legislative framework.
Significance of Corporate Non-Financial Information Disclosure for Sustainable Economic Growth
Timisoara Journal of Economics and Business, Dec 1, 2022
The current labour market is at a crossroads: on one hand, there are challenges triggered by tech... more The current labour market is at a crossroads: on one hand, there are challenges triggered by technological pressures and perks, aiming at a greener, more sustainable and resilient economic growth, and on the other hand, there are the changes and tensions generated by the current institutional frameworks, that show delays in mitigating the apparent "de-socialising" of this market. The pandemic paradox of 2019-2021 has emphasized several vulnerabilities particularly of economic-institutional nature. Traditional theories seem unsatisfactory while unorthodox approaches are faced with hesitancy. The present paper intends to present a brief analysis of labour market's challenges in the immediate future by proposing a mixed approach combining traditional statistical-data with a less employed institutional framework. The approach is substantiated and constructed by the structural and cognitive features that the new labour market would require. It suggests a possible way for considering the aims of the Green Deal, the vulnerabilities highlighted by the pandemic and by the recent conflict in the immediate proximity of the EU-27. All these developments bring about changes for several socioeconomic categories, rendering most of them vulnerable. The split between "essential" and "non-essential" economic activities, platform work and the gig economy hint to increased relevance of the three types of intangible capital: human, social and intellectual. This will require an integrating perspective, if severe economic and social effects are to be avoided in the immediate future. The model we propose aims to show how, by taking account of the human, social and intellectual capital, better policies can be developed as regards labour market efficiency and efficacy.
Labor Market Sustainability and Corporate Governance—COVID-19 a Game-Changer
World sustainability series, 2021
Sustainability cannot exist without the actual engine driving it: the active people, involved in ... more Sustainability cannot exist without the actual engine driving it: the active people, involved in the socio-economic sectors and who decide, finally, through various means whether economic policies addressing pressing concerns are feasible and acceptable, or not. The issue of the relationship between sustainability, labor market, and corporate governance needs to be addressed from a complex, holistic perspective combining both heterodox and orthodox economic perspectives considering the reality of COVID-19 as game-changer. The current pandemic has raised the issue of the necessity of ‘renegotiating’ the institutional-economic status-quo on labor markets showing the need of closer links between economic and social perspectives more than ever, especially with emphasis on the vulnerable groups. The chapter intends to analyze how operational terms at strategic institutional and economic policy level might support or hinder initiatives of preserving jobs and ensuring labor market resilience, while accomplishing the overall objectives of sustainable development. The methodology relies on desk research, based on empirical data collected in various international and European databases as well as on articles, papers, and working papers published by national and international academic and business journals, as well as in daily newspapers and will use to equal extent findings according to orthodox economy, combining them with findings resulting from the use of institutional indicators’ measurement, thus providing an innovative perspective for the EU-level and national labor market, with respect to the labor market, and to the internal labor market, by considering developments in corporate governance.
Analele ştiinţifice ale Universităţii "Al.I. Cuza" din Iaşi, Oct 1, 2015
The issue of economic disparities within the European Union economies is not new, it is actually ... more The issue of economic disparities within the European Union economies is not new, it is actually a topical issue. Unfortunately, the EU enlargement has determined an even stronger deepening of the regional disparities, because in the absence of adequate regional development policies, the financial instruments have proved to be ineffective. Recent studies show that the economic crisis has increased regional disparities in the European Union countries, influencing the most important regions, especially the economically less advanced ones, the significant regional differences being identified at the NUTS 3 level. Based on these issues, the present paper tries to answer the following questions: 1. How extended are the regional disparities in Romania and how did they evolve over the period 1998-2012? 2. How did the economic crisis influence disparities? Which territorial units were more affected? In order to measure regional inequalities the Hoover index was used as well as the coefficient of variation, and the indicator for assessing the level of development as well as for highlighting regional disparities was GDP per capita. The analysis and interpretation of the results provide an overview of the situation at the regional level in Romania
Sustainability, Mar 12, 2022
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
Energies, May 7, 2022
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
Current Trends Of The Regional Development Policy In The European Union. The Development Of Competitive Economic Agglomerations Of Cluster Type
Annals of the University of Petrosani: Economics, 2010
Journal of Economic Development, Environment and People, Mar 14, 2019
The food security remains a major priority and a typical issue that requires immediate internatio... more The food security remains a major priority and a typical issue that requires immediate international solutions. Recent studies reveal the increasing complexity of food security issues focusing on the necessity to address formal actions and solve the dramatic situations. New tools are always welcome to facilitate solutions' implementation. In September 2015, the United Nations Assembly adopted the 2030 Agenda of Sustainable Development among the goals of which the followings are fundamental: no poverty, zero hunger, good health and well-being, clean water and climate action. The European Union joined the Program, expressing the full commitment to its implementation. According to the Food and Agriculture Organization (FAO), the number of undernourished people reached in 2017 about 821 million peoples, representing an increase from about 804 million peoples in 2016. The 2018 statistics of FAO state that 22% of children under-five are affected by malnutrition, while over 38 million children in the same age group are overweight. Beyond premises, as a novelty, we contribute to food security knowledge by calculating a regional index at European and Romanian levels to better outline the realities and provide the decision-makers with a new tool to find better solutions.
Agricultural Biomass Production: Implications for Economic Growth and Environment in Central and Eastern European Countries
Contemporary studies in economic and financial analysis, May 25, 2021
Introduction: Climate change and the limiting nature of fossil natural resources are compelling e... more Introduction: Climate change and the limiting nature of fossil natural resources are compelling elements that have driven the search for environmentally friendly alternatives to the traditional economy. In this context, as the main pillar of bioeconomy, biomass can contribute to energy sustainability, temper effects of climate change, and make the use of natural resources more efficiently. Central and Eastern European (CEE) countries have a relatively common economic history of agriculture playing a pivotal role in the former centralized economy. Purpose: This chapter analyzed the importance of biomass produced from residues of crops in CEE countries. This analysis is regarded as incentive to take a deeper look at biomass in CEE countries with acknowledged agricultural potential. CEE countries have been part of the former European socialist bloc, with agriculture being a core component of the centralized economy. Even though their economies have been undergoing a lengthy transition process to the market economy, this sector of activity still holds a significant share. Therefore, CEE countries provide a suitable ground for our analysis. Methodology: The authors selected characteristics of the agricultural sectors and development, and assess their relationship with biomass production in the CEE countries, using an Ordinary Least Squares method. Then, the authors investigate the environmental implications of crop biomass production in a similar framework. Findings: The results reveal that the agricultural biomass sector contributes to economic development, and it does not have negative implications for environmental indicators. These results show that biomass production is a sustainable target to be pursued.
Sustainability, Jul 29, 2022
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
International Journal of Environmental Research and Public Health, 2022
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
Sustainability, Jun 24, 2022
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
The relationship between belt and road initiative and Agenda 2030: a litmus test for global sustainability and regional cooperation
European Journal of International Management, 2022
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Papers by Laura Mariana Cismas