CONTEMPORARY ECONOMY JOURNAL

12-24

Authors: Jayeola OLABISI, Sunday Olugboyega KAJOLA, Dauda Adewole OLADEJO, John Ayodele AJAYI, Ibrahim Akanmu HAMZAT

Corporate tax is obligatory and constitutes an unbalanced transfer of resources to theg overnment with a negative impact on firm performance. However, organizations adopt tax planning strategies to curtail tax liability without adverse effect on firm performance. Thus, this study examined the relationship between tax planning and performance of Nigerian listed Oil & Gas firms. Thestudy adopted a descriptive research design and secondary data were collected from selected five firms over a period of six years (2012-2017). Descriptive Statistics and simple pooled Ordinary Least Square regression analysis were used to evaluate the probable relationship among the identified variables. The indices of determination for corporate tax planning are: Effective Tax Rate(ETR); Firm Size (FS); Firm Age (FAGE); Financial Leverage (FL) and Return on Assets (ROA) for performance. The results of the study showed that ETR, FS, and FAGE have significant relationship with ROA of Nigerian listed Oil & Gas firms (p<0.05). However, FL has negative and insignificant relationship with ROA of Nigerian listed Oil & Gas firms (p>0.05). The study concluded that an optimal mix of tax planning strategies enhance performance of Nigerian listed Oil & Gas firms. Therefore, it is recommended that the management of Nigerian listed Oil & Gas firm should incorporate tax planning into their overall financial scheme for improved performance.

38-42

Authors: Silvia Elena IACOB

Ecological education involves political education, but not politicization. It invites us to be aware of programs regarding the generalization of ideas and practices. According to Francisco Guttierez (2002) education is itself an political act, no matter if we acknowledge it or not. It is also important to consider it a militant act. Completed with a critical view of society, education makes possible the building of hope that lacks naivety. In this context, the ecological education aims to clarifyt he connection between society and nature; it also helps us to reconnect with our basic human nature, it promotes more inclusive and rich relationships of otherness, it stimulates various projects of ecological solidarity based on the reality of the current way of life, which now we can share. All the above are to provide a culture of engagement, wherever we might be, regardless of its different outside forms.

49-54

Authors: Victoria COCIUG, Denis MALENDRA

The effect of the financial crisis, triggered in 2008, is currently perceived at the level of the economic system, although the financial system has already recovered. The causes of the financial disaster were multiple, but it is undeniable that due to strong strong inertia between the components of the financial system, but more with the cell, the crisis spread much faster than in previous crises. Interconnections in the banking system are a necessity, as not all institutions are specialized at the same time in attracting funds in the form of deposits and their use in crediting the economy. Some institutions are specialized in attracting deposits, others only in lending and must be regarded as essential elements that ensure redistribution of liquidity within the system, from surpluses to deficits. But these fund transfers are risk-taking, especially credit, which can cause contagion to the whole system and the loss of solvable banks that have not been able to assimilate the perceived risk from other banks with major financial problems. In order to prevent the emergence of a systemic risk, it is necessary to develop a mechanism to assess the system's vulnerability to the risks generated within the system and to the contagion effect in order to set maximum exposure limits to system elements through effective regulatory rules. This article aims to investigate the contagion phenomenon within a banking sector and how it can be delivered more quickly when there are strong economic relationships and interdependencies between the banks. It was found that contagion is not a local issue and should not be treated as it is, but it is much broader, expanding on more than one region, so it is important to find correlations between countries in order to reduce its effect, that financial markets have underestimated the risk and degree of interdependence between countries.

66-73

Authors: Ionel PREDA

In public procurement procedures, the choice of award criterion, of the evaluation factors, of weightings and calculation algorithm are particularly important to successfully complete the procurement procedure. Given that after the procurement procedure has started, all these elements can no longer be changed, the correct selection of the award criterion may make the difference between the successful purchase of the products / services / works required by the contracting authority and the cancellation of the procedure. In the research literature, many cases of procurement procedures are described in which, due to the award criteria or the wrongly chosen evaluation factors, either products / services which did not reflect most accurately the need and the advantages desired by the contracting authority (with inferior characteristics of poor quality) have been purchased, or it was decided to cancel the procurement procedure. The article describes an analysis of the award criteria existing in the Romanian legislation, the ways of choosing them, the advantages and disadvantages of the use of each criterion, the risks identified when establishing the award criteria and the measures to deal with these risks.

78-85

Authors: Inga BULAT, Rodica PERCIUN

Public internal audit is for providing advice and providing objective assurance on the effectiveness of the internal managerial control system by providing recommendations for improving it. The activity of public internal audit is independent and objective and its activities are planned for long, medium and short periods. Planning the public internal audit activity involves a general strategy based on the entity's major risk analysis that may affect the achievement of the entity's planned objectives over a period of time to achieve performance and optimize resource utilization. The planning of the audit activity ensures the efficient and timely accomplishment of its activities within a well-defined time period, through a detailed approach regarding the nature, duration and coverage of the audit and the workload achieved. The topic addressed in this article refers to the way of planning the activity of the internal public audit and models for the risk assessment of internal managerial control.

93-101

Authors: Mihaela DIACONU, Amalia DUȚU

Starting from the fact that the economic development model is centered on the small and medium-sized enterprise, the paper aims to present the role of the business environment and the entrepreneurial spirit at national and European level in support of sustainable development of the EU's effort to support entrepreneurship initiatives and the competitiveness of SMEs, the organizational framework of their development in the vision of the EU and Romania, initiatives aimed at facilitating access to finance for SMEs and the development of youth entrepreneurship through universities. It will consider and formulate proposals to increase the contribution of SMEs to promote sustainable development, having as a starting point matters resulted from official sources such as EUROSTAT, The National Institute of Statistics, White Charter of the National Council of Private Small and Medium Enterprises in Romania.

110-117

Authors: Alina NĂSTASE (BIDIREANU), Marilena PEICHEA (CONSTANTINESCU), Isabela Florina MARINESCU (BARBU)

Dual vocational education is an innovative form of organizing the professional education that is organized only at the request of economic agents, educational authorities are responsible for ensuring human and financial resources and organizes technical theoretical training in the school (1-2 days per week) and the employer must provide human and financial resources and organize practical training, from work (3-4 days). This paper analyzes the attractiveness of students for dual learning. Quantitative research was carried out on a sample of 100 pupils at the professional level, using the interview technique and the questionnaire as a research tool, with the purpose of validating working hypotheses. The results highlight the importance of adapting vocational and technical education schools to the needs of its direct beneficiaries and social partners, thus enhancing qualification and insertion into the labor market.

126-131

Authors: Tatiana IATIŞIN, Lilia GHIŢIU

Foreign trade and economic cooperation have a particular importance for economic development in general as well as for national economies. The Republic of Moldova does not have energy resources and it does not produce many types of goods needed for domestic production and consumption. That is why the Moldovan economy is geared towards promoting foreign economic relations, in particular by boosting exports, by protecting the national economy based on competition and transparency, by regulating and monitoring imports and maintaining balance of trade. The paper aims to analyze the current trends of the trade relations of the Republic of Moldova by analyzing the flow of goods in dynamics with an emphasis on the period of 2000-2017, partly for 2018. For this research paper there were used such research methods as: monographic, analysis and synthesis, statistics, comparison, etc. A particular attention was paid to the preferential trade regime which has contributed to a gradual opening of the Community market for Moldovan exports.

138-146

Authors: Otilia MANTA

The sustainability of the real economy is interdependently influenced by the increase in the productivity and competitiveness of the economic sectors, as well as by the current challenges facing the economic environment not only at national level, but also globally, including: trust (lack of collaboration) between the market actors (firms, institutions, authorities), entrepreneurship (demographics, structure, business environment resilience), the dynamics of the economy, human resources and education (critical mass and quality of workforce), innovation (demand and supply research resources, critical mass of researchers and innovative firms), creativity (entrepreneurial culture, innovation community), resource efficiency and excellence (priority sectors and international competitiveness). Moreover, the influence of digital technologies (especially in the field of finance), i.e. their integration into the economic sectors, leads us to the hypothesis that they can also be introduced in the range of the current challenges, with impact on the competitiveness and the sustainability of the real economy. The objective of the paper is to integrate these challenges into a coherent, medium-term vision, support for the concrete proposals package for the sustainable development of the national economy, in line with the strategic and competitive priority areas based on the economic data resulting from the analysis of the balance sheets of economic agents at national level.