Volume VI, SEA - Practical Application Of Science
Issue 17
Tibor TARNÓCZI, Veronika FENYVES
 

In their article, the authors emphasize the importance of measuring intellectual capital. The difference between the company's market and book value is intellectual capital, which has been present within knowledge-based society for decades. A number of economists have made suggestions related to its measurement; however, no unified standpoint has been developed. Therefore, currently its value does not appear in financial statements. The reason for this is the fact that while the recorded book value of enterprises is tangible, the value of intellectual capital is difficult to quantify, it is a so-called hidden value. In the scope of their study, the authors discuss the relevance of measuring intellectual capital by describing their results provided by Baruch Lev's knowledge capital valuation.

  • Type: Review Article
  • Published on: 12th June, 2018
  • Keywords: Intangibles, intellectual capital, Human capital, Relational capital, Organizational capital, Value Added Intellectual Coefficient (VAIC)
  • Pages: 137-150
  • Received: 17th May, 2018
  • Final revision and acceptance: 4th June, 2018
Volume VI, SEA - Practical Application Of Science
Issue 17
Daniel Dumitru LEON
 

Tourism is currently one of the sectors with the most important growth potential, alongside the IT sector. A healthy tourism sector is beneficial to a country's economy, because it contributes directly to employment, contributes to the creation of added value and, last but not least, helps balancing the balance of payments. Romania is considered to be a country with a huge touristic potential, but unfortunately we do not really know how to value it. In this article I will determine what is the evolution of the financial performances of the entities in the tourism industry. Thus, in order to achieve this study, I will apply a series of performance indicators on 5 companies that are active in the tourism industry, for the time period 2012 -2016, companies listed on the Bucharest Stock Exchange. I will try to determine the current situation with regard to the financial performance of these entities, as well as the main factors that directly influence these increases.

  • Type: Case Study
  • Published on: 12th June, 2018
  • Keywords: Tourism industry, Turnover, Profit net, Employees, Correlations
  • Pages: 151-158
  • Received: 1st May, 2018
  • Final revision and acceptance: 4th June, 2018
Volume VI, SEA - Practical Application Of Science
Issue 17
Corina ȚIFREA, Raluca COSTACHE, Andreea IONEL
 

Due to the special attention it receives in society, sport has ceased to be a preoccupation like any other and started having a separate place in people's minds. As a consequence, sport marketing is also a hub of interest for both researchers and practitioners. Marketing in sport is one of the highly researched themes in the literature, noting the existence of a wide range of scientific journals devoted to this subject. The question that still raises debates is whether marketing of sport should be a distinct case of marketing or marketing remains the same irrespective of the product to which it is applied, whether it is sports, the sale of consumables, insurance, medicine, agro-food industry and others . It is less important which approach prevails, since it is essential for marketing to add value to the brand of the sports organization that practices it. A lot of people and organizations represent a part of the sport world, entering reciprocal relationships, from which value is produced, being offered to the market in the form of different products: matches, meetings, struggles, athletes (products of clubs where they are legitimate, as well as their instructors and the rest of the staff), palpable goods bearing their favorite club or athlete logo, such as balls, shirts or any other type of sports equipment, sports television shows, newspapers and specialised magazines, online platforms, music, movies and more.

  • Type: Case Study
  • Published on: 12th June, 2018
  • Keywords: Sports marketing, Sports brands, Sports sector
  • Pages: 159-161
  • Received: 23th April, 2018
  • Final revision and acceptance: 4th June, 2018
Volume VI, SEA - Practical Application Of Science
Issue 17
Loredana MITARIU, George Constantin MANIU
 

The purpose of this study is to present the results obtained in the base of the opinion of 95 children from general schools of Sibiu city in Romania, collected during a survey regarding emotional reactivity (arousal) and regulatory capacity (control) in early adolescence. Data were stratified by BMI in order to analyze the relationship between obesity and emotional arousal and control in case of young adolescents. A 30-item self-reporting multidimensional instrument HIF (How I Feel) created by Walden, Harris & Carton in 2003 was used. The questionnaire items refer to five different emotions: happy, sad, excited, scared and mad. Significant differences between the three subgroups (normal weight, overweight and obese) were observed for the following questionnaire items: happy and excited from position emotions subscale; sad, mad from negative emotion subscale. In case of emotion control subscale no significant differences between subgroups have been identified althow higher values were observed in the case of overweight and obese (compared to normal weight) for almost all of the subscale items. The use of HIF instrument in conjunction with other measures could provide a more comprehensive assessment of emotional functioning and different disorders in children and adolescents.

  • Type: Case Study
  • Published on: 15th June, 2018
  • Keywords: Pediatric, Emotional arousal, Emotional control, Overweight, Obese
  • Pages: 163-169
  • Received: 2nd April, 2018
  • Final revision and acceptance: 10th May, 2018
Volume VI, SEA - Practical Application Of Science
Issue 17
Anamaria-Cristina ANDREI, Irene-Elena PAPUC
 

The specialized legislation on the regulation of public services reflected the specifics of each historical period. Public service is a complex notion, subject to evolution that has given rise over time to many contradictory discussions, being at the same time an essential notion for administrative law.Presenting the foundations of democracy, Aristotle outlined suma divisio between civil society, which relates to private interests, and the political society that defends "general utility" and "common good”.

  • Type: Review Article
  • Published on: 21th June, 2018
  • Keywords: Administrative law, Citizen, Public service, Public utility, Regulations
  • Pages: 171-175
  • Received: 27th April, 2018
  • Final revision and acceptance: 28th May, 2018
Volume VI, SEA - Practical Application Of Science
Issue 17
Elena RUSE
 

Audit risk is the risk of expressing an inappropriate audit opinion with reference to financial statements that are materially misstated. Risks exist but the audit objective is to mitigate the audit risk to an acceptable level. The process of auditing the annual financial statements involves a series of stages until the opinion is expressed and during the audit, the materiality threshold and the audit risk are analyzed together. There is a link between the professional judgment used by the auditor during the course of the mission, the auditor's perception of the financial information needs of the users of the financial statements, and the general significance threshold for the overall financial statements. Particular attention will be paid to managing risks by management within the organization. Each organization has a responsibility in managing risks up to the acceptable level (risk tolerance). The auditor will apply risk assessment procedures and the evaluation of the results is based on the assessment of the probability of their materialization and the impact of the risk.

  • Type: Review Article
  • Published on: 10th July, 2018
  • Keywords: Audit risk, Materiality threshold, Risk tolerance, Auditor’s perception, Professional judgement
  • Pages: 177-181
  • Received: 4th May, 2018
  • Final revision and acceptance: 8th July, 2018
Volume VI, SEA - Practical Application Of Science
Issue 17
Ion Gr. IONESCU
 

The present study is the fruit of the research and represents a very small part of a serious and of reference work called Economic History, that stretches temporally, over a period, starting from the oldest times, until Romania's accession to the European Union. The main purpose, stated, is not to list facts in chronological order, but to bring to light, relevant aspects from which to draw pertinent conclusions to become a guideline on the aspects faced by human communities, in everyday life, about what can happen in a society, over time. The First Industrial Revolution, with its beginnings, is a great landmark in the fundamental becoming of the human society. The research methods used are mainly, the deductive (hypothetical-deductive) and the analogy, also, the objectivity and the goal I pursue is truth. In fact, in the present study, we have briefly debated, two complementary aspects, namely, the roots of the first industrial revolution, in its beginning stage and then, the general features of the global economy, as a result of the revolution.

  • Type: Case Study
  • Published on: 22th July, 2018
  • Keywords: Middle Ages, Hydraulic energy, Industrial revolution, Export, Tarrifs
  • Pages: 183-186
  • Received: 16th June, 2018
  • Final revision and acceptance: 20th July, 2018