Annals of Spiru Haret University. Economic Series

8

Authors: Irena TODOROVA

The report presents the objective need for motivation as an element of managerial impact in the Ministry of Internal Affairs. The activity of the state administration should correspond to the high public expectations for professional competence, legality, integrity, correctness, and responsibility. That is why motivation is the key element that leads to the formation of specific behavior aimed at the observance of value orientations in the performance of official duties and is an important prerequisite for the prevention of corrupt behavior among the employees of the Ministry of Internal Affairs.

11

Authors: Jannatul FERDOUS, Haradhan Kumar MOHAJAN

This article tries to calculate a maximum profit from sale items of an industry. This study has considered three inputs, such as capital, labor, and raw materials and other inputs for the mathematical analysis of the production procedures of the industry. In the present competitive global economy policy, to survive strongly, there is no alternate of sustainable economy. For the survival of an industry, profit maximization policy is vital. To acquire maximum profit, the production unit of the industry must be run in an efficient way. In this study an attempt has been taken to maximize the profit of an industry using Lagrange multiplier technique by applying necessary and sufficient conditions.

12

Authors: Daniela PAȘNICU

The needs of the workforce are constantly changing as a result of global concerns about digitization, production automation, the introduction of new technologies and industry 4.0. Therefore, the labor market needs a continuous reassessment of labor skills in the context of digitalization and the industrial revolution. The paper will study the change in perspective of the structure of the employed population by occupational groups and in high-tech economy of Romania compared to UE27 and the most requested skills currently in online job postings in various fields, based on traditional and intelligent data from Cedefop. It is also intended to understand how the use of BigData can facilitate labor market decision-making. The analysis of the skills required in the jobs posted online from various fields in Romania, in 2020, suggests importance of digital and contextual skills having in view that in the top is ,,accessing and analyzing digital data”, followed by ,,working with others” and ,,using digital tools for collaboration, content creation and problem solving”.

13

Authors: Sebastian Cristian CHIRIMBU

A modern educational institution should create the necessary conditions for the integration and development of the personal and professional competences of the teachers in order to obtain a successful career. In the current context of the educational system in the Republic of Moldova and Romania, the capitalization of human resources is a priority objective of the managers of educational institutions. The difficulties they face, the constantly changing educational reforms, the unpredictable and challenging situations are known partially or impartially theoretically and practically by teachers who are beginning to integrate into the institution, and the process of insertion from educational institutions is often not effective. We will analyse the characteristics of a successful career but also the motivation for achievement as an important component of the professionalization process, teachers thus tending to pursue challenging careers, complex enough, but not so difficult as to end in failure. Therefore, if professional motivation is an important endeavor, because it starts from the idea that a large part of everyone's life spends at work, performance denotes the achievement and ability of the teacher to respond to tasks and to be a model for those in the organization when it comes to involvement and responsibility.

13

Authors: Mihaela BEBEȘELEA, Adina TRANDAFIR

The objective of the article is to produce and validate a statistical model for quantifying the performance of family firms. Such aim will be achieved through the analysis of a sample of 27 entities from the “family firms from Romania” group. The statistical hypothesis underlying the specification of the model is one according to which selected variables will distinguish the performing family firms from the non-performing ones, regardless of ownership. The article addresses an alternative possibility for assessing the financial performance of family businesses, namely a model created by Carton, R. The complex indicator created by Carton, R, is composed of performance factors such as asset growth, debt change and degree change survival rate (Z-score change), calculated using the Statev coefficient, Z-score. The indicators that were used are extracted from both the Entities’ Balance Sheet and their Profit and Loss Account (on-line), while the modelling is carried out through the Excel statistical modelling.

16

Authors: Zanele L. MPABANGA, Wilfred Isioma UKPERE

Globalisation has been perceived as the integration and spread of information, processes and technology across organisations and nations. It has accelerated transformation and change in organisations, with the effect of strengthening or, as the case may be, weakening employment relations within organisations. Globalisation has been characterised by a rise in the use of casual employees, decentralisation and continuous advancement in technology, which ultimately affects employment relations. Therefore, this paper sets to explore the effects of globalisation on employment relations in South Africa’s film industry. The current investigation adopted a qualitative research approach, which was carried out in an organisation within the film industry in the city of Johannesburg, South Africa. Purposive sampling was used to collect data from ten employees at various levels in the organisation. Data was obtained by means of semi-structured face-to-face interviews with the research participants. The findings revealed that the effects of globalisation are twofold, as it has both positive and negative effects on organisations. From a positive perspective, it was found that globalisation has helped to promote inclusive workplaces, effectively manage tensions and conflict in the workplace, and improve communication between parties in the employment relationship. Furthermore, it was discovered that interactions between management and employees have increased since globalisation. Conversely, the current findings uncovered that there are increasing tensions in the employment relationship. There is also evidence of less training to workers in the film industry. The findings further revealed that using casual employees in the film industry has increased, and many of them are confronted with several challenges, as they do not get the same benefits that their counterparts in permanent employment receive. Hence, generally, this paper’s outcome could be used in organisations to address some of the negative effects of globalisation in respect of relationships in the workplace, particularly in the film industryg.

18

Authors: Tinashe R MUSHONGA, Wilfred Isioma UKPERE

The 21st century introduced several technological advancements, including artificial intelligence, and these technologies affected almost every industry in every country. Freight management services in Zimbabwe had also adapted to these technologies to keep abreast with global pressures. Hence, embarking on massive workforce re-engineering strategies and downsizing had been the most popular strategy. However, organisations have to deal with consequences of downsizing, and employee commitment as one of these consequences.

20

Authors: Augustine Ejededawe OSHO, Ibukun Felix ADEWOLE

The study examined the relationship between international transfer pricing and the performance of supranational companies in Nigeria. The study used secondary data from the Central Bank of Nigeria (CBN) Statistical Bulletin, the Federal Inland Revenue Service (FIRS), the World Bank Statistical Bulletin, and annual reports and accounts of the sampled multinational companies. The study used panel regression analysis. The results of the study showed that interest rates and import duties have a significant and positive effect on the performance of supranational corporations in Nigeria. The study further found that corporate income tax and exchange rate have a significant and negative impact on the performance of supranational corporations in Nigeria. Based on the results, the study concluded that international transfer pricing has a significant impact on the performance of supranational companies in Nigeria, particularly when international transfer pricing is measured using interest rates, exchange rates, corporate income taxes and import duties; while performance is measured by profit after tax. The study therefore recommended that supranational companies should develop a system to defend themselves against exchange rate and corporate taxes caused by unforeseen exchange rate movements and double taxation.

21

Authors: Haradhan Kumar MOHAJAN

In this paper the Cobb-Douglas production function is operated in a firm for the analysis of the cost minimization policies. In an economic world, gain of profit depends on the efficient use of raw materials and use of various techniques of the cost minimization. A firm’s main target is to make maximum profit. Scientific based and efficient but minimum cost procedures will favor in this regard. To increase local and global demands, a firm of course develop production sector. An attempt has been taken in this study to minimize cost by considering four inputs, such as capital, labor, raw material, and other inputs to form the economic model subject to a production constraint within the budget.

29

Authors: Wilfred Isioma UKPERE

Capitalism, as it is known is based on the concepts of competition, profit motive, private enterprises (self-interest) and scientific management. These key catalysts set the motion for capitalist expansion, exploration and exploitation. One notable area where capitalism has naturally done exceptionally well based on its characteristics, is within the domain of scientific management, which has spurred technological innovations as well as triggered techno-globalisation. In spite of several warning signs of the impact of techno-globalisation on the sustainability of labour, the world advanced into the 4th Industrial Revolutions, which is also driven by highly sophisticated technological advancements. The 4th IR has unique features, namely, smartphone takeover almost every aspect of business activity; knowledge generation is made possible through big data; robotics may likely replace many human routine activities in the workplace. The new trend will certainly lead to massive job losses as well as create new ones within the industry, which could have detriment effects for labour sustainability. However, some mechanisms have been postulated in this treatise to improve the status quo.

38

Authors: Godwin Emmanuel OYEDOKUN

This study sought and investigated the determinants of forensic accounting techniques. The data analysed in this study were gathered from both primary and secondary sources. The 120 respondents were purposively selected, which includes forensic accountants, fraud auditors, bankers, forensic investigators, finance enthusiasts, fraud investigators, and those in academia. The data for this study were gathered electronically using an online questionnaire through Google Form. The Google Form analysis was adopted. Secondary data were the existing data, established by seasoned professionals and academics. The data were presented through pie charts, bar chats, and descriptions. The study shows that the nature of fraud under investigation which includes the level of crime perpetrated, how much involved, stages, complexity, and who is involved are the determinant of techniques to be applied to fraud examination. Also, other factors such as criminal evidence, the expertise and experience of the examiner, organisational policies, and the risks involved determine what techniques to be applied to forensic investigations. Data mining emerged as the most appropriate technique for fraud investigation, however, the combination of two or more techniques is advised for forensic accountants, forensic legal practitioners, and all other similar parties. This study recommends the need for stakeholders to engage, recruit, and employ the services of a forensic accountant to review, strengthen, reappraise records and internal control systems on a routine basis. Organizations should train employees on the dynamics and scope of financial crimes, the legal environment, fraud prevention, and ethical issues.