Academic Journal of Economic Studies

9-19

Authors: Manik Kumar, Rahul Ranjan

This paper investigates broad empirical picture of wage differential between informal and formal wage worker across different sector, gender, industry, education, social group and state as well as informal and formal sector in India with the 55th (1999-2000) and 66th round (2009-2010) household survey on employment and unemployment conducted by National Sample Survey Office (NSSO). This studyshows informal worker earns approximately two times less then formal worker in both informal as well as formal sector. Wage difference is sharp in case of skilled labour as compared to unskilled and semi-skilled labour. Compound annual growth of wage is very sluggish in all categories of labour. Formal worker earn two to three times more than informal labour in informal as well as in formal sector.

37-44

Authors: Alexandru Manole

This paper presents several applications of data analysis software in the insurance brokerage activity, particularly in matters related to the decision-making process. The study is based on a dataset loaded in a data warehouse, and several analysis procedures are presented, from the viewpoint of the managers of such company.

54-66

Authors: Isichei Ejikeme Emmanuel, Godwin Ukandi Damachi

The study investigated employee’s participation in decision making and the hospitality industry in Nigeria, a study of selected hotels in the federal capital territory in Abuja. To guide the study, research questions and hypotheses were designed. An in-depth review of related literature was carried out. Primary data method was used for the study and the instrument used was a questionnaire survey designed using the Likert scale questionnaire format and administered to sixty respondents. Test of reliability of research instrument showed a result of .874 using Cronbach Alpha. Content method was used for validity of the research instrument. Two Hypotheses was postulated in line with the objectives and research question to test the significance of the research problems. The study used linear correlation and regression for analysis of data obtained from research instrument, which proved the alternate hypothesis significant in the two hypotheses tested. Findings in the study showed that employee’s participation in decision making impacts on the performance of hotels in Nigeria. The study concludes there is a positive relationship between extent of employee’s participation in decision making and organisational performance. The study recommends among others that participation of employees’ should not just be partial but holistic to give them a sense of belonging.

80-90

Authors: Raluca Ivan

The main purpose of this research is to realize an analysis from an internal audit perspective of European Corporate Governance Codes, in regards with Organization for Economic Cooperation and Development – OECD Principles of Corporate Governance. The research methodology used a classification of countries by legal regime, trying to obtain a global view over the differences between the European corporate governance codes and the OECD Principles provisions, from internal audit’s perspective. The findings suggest that the specificities of internal audit function when studying the differences between European Corporate Governance Codes and OECD Principles lead to different treatment.

103-118

Authors: Sorin Adrian Ciupitu

Corruption level is symptomatic of the economic, political and general social development and its manifestation is harmful to ethics and morals and undermines public confidence in the rule of law. In Romania we are witnessing a penetration of corruption in areas that should support the country’s economic development. Companies from more and more zones of activity are pushed into gear economy. The immediate effect of this situation is reflected in a vicious circle in which endemic corruption is leading to lower revenues and public investment and weakens the credibility of the rule of law. It also generates negative changes in the economic development through inefficient transactions, sometimes lacking rationality, altering capital accumulation and its productivity, government revenues and the quality of public infrastructure.