Business Excellence and Management

14-27

Authors: Renata Dana NIŢU-ANTONIE, Emőke-Szidónia FEDER

The current study aimed to identify the determinants of entrepreneurial intentions, based on the TPB framework, for 270 students from 9 different countries with different cultural characteristics. Structural equation modelling was used for primary data analysis. The obtained empirical results indicated that entrepreneurial intentions amongst students are influenced directly and positively by personal attitude and perceived behavioural control. These motivational factors mediate the causal relationship between subjective norms and entrepreneurial intentions, whereas subjective norms exert a stronger effect on personal attitude and perceived behavioural control in the less individualistic country. The attained empirical results converge to the idea that the TPB model is applicable in different cultural contexts, being necessary national programmes and measures to encourage entrepreneurial intentions and behaviours that consider cultural values, with potential positive effects on economic growth and on the labour market. The comprehended research took in consideration a single cultural dimension (collectivism versus individualism) and only from certain regions from the countries included in the panel, thus not permitting to generalise the obtained empirical results.

45-65

Authors: Diana ARMEAN, Ana Alexandra GORA

The framework presents the stage of knowledge regarding integrated reporting, the premises of appearance as well as the development over time. In order to achieve the main objective of the paper, we approached concepts such as integrated reporting, sustainable development, the analysis of long-term value creation process, the business models which are the foundation of the company’s business, capital and stakeholder engagement. The research methodology corresponds to the research objective of a study on the content of the annual reports presented by the company. The basis of the research is OMV Petrom, where we have apreciated the level of integration and we briefly presented the content of the sustainable report in order to illustrate the company’s significant interest in sustainable development as well as value creation for both shareholders and society. The main result of the research is that OMV Petrom is committed to social, environmental, community involvement that leads to short, medium and long-term value creation. It also provides up-to-date and transparent financial information as well as business model information in order to be a high level of satisfaction among shareholders and investors regarding the information provided. The company is committed to sustainable development, actions on social responsibility, environmental and community involvement, stakeholder engagement compiling sustainability reports.