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In the COVID-19 outbreak context, some industries were seriously affected, and the T&T (travel and tourism) industry is unarguably one of those industries. As the world is slowly moving towards a recovery stage, T&T is lagging in the recovery process, mainly because of people’s perception of safety and a new, more cautious behavior when buying products that are not essential for survival, such as T&T products. In order to discover sustainable recovery paths for the industry and the real impact of the COVID-19 outbreak on consumer perceptions and purchasing behavior, the current quantitative research was developed on the basis of two different representative samples in two different moments: May 2020 and December 2020, with a focus on Romania’s population. The main results indicate that the COVID-19 pandemic has influenced travel patterns and habits regarding philological and economic factors. Psychological factors, primarily the fear of contamination, impact travelers’ willingness to travel and the conditions and preferences for vacation destinations. At least in the medium term, people will avoid traveling in large groups and being in crowded places. Hygiene and health conditions in the host destination can represent essential factors in travel decisions. Confronted with a cautious clientele, tourism businesses (such as transport, accommodation, and catering) should further enhance their hygiene conditions to restore confidence. Moreover, communication is essential in these challenging times to tackle travelers’ fear and concerns.
Andreea Orîndaru; Maria-Floriana Popescu; Alina Alexoaei; Ștefan-Claudiu Căescu; Margareta Florescu; Anca-Olguța Orzan. Tourism in a Post-COVID-19 Era: Sustainable Strategies for Industry’s Recovery. Sustainability 2021, 13, 6781 .
AMA StyleAndreea Orîndaru, Maria-Floriana Popescu, Alina Alexoaei, Ștefan-Claudiu Căescu, Margareta Florescu, Anca-Olguța Orzan. Tourism in a Post-COVID-19 Era: Sustainable Strategies for Industry’s Recovery. Sustainability. 2021; 13 (12):6781.
Chicago/Turabian StyleAndreea Orîndaru; Maria-Floriana Popescu; Alina Alexoaei; Ștefan-Claudiu Căescu; Margareta Florescu; Anca-Olguța Orzan. 2021. "Tourism in a Post-COVID-19 Era: Sustainable Strategies for Industry’s Recovery." Sustainability 13, no. 12: 6781.
Consumption has lately been under the microscope facing pressure from all stakeholders as principles of sustainability have gained more popularity. In this context, a new sustainable consumer model was born, referring to major shifts in buying and consumption habits. Nevertheless, these shifts were lagging as consumers resisted change in the comfort of old habits. This comfort was shaken up by the COVID-19 outbreak that forced us to rethink every aspect of our lives. Therefore, this crisis context seems the perfect opportunity to shift towards the sustainable consumer model. People’s openness towards embracing new consumption habits was evaluated in a quantitative study where data was collected in two different moments: May 2020 and December 2020. Major results of our research show that people’s lives were dominated in 2020 by uncertainty, especially when referring to their financial situation. Further on, consumers have already started to bring major shifts in their consumption habits because of this uncertainty. Among the most important shifts, there were more prudent purchase decisions, rising interest for discounted prices, increased likelihood of buying local and enhanced preference in buy fresh products instead of processed or semi-processed ones.
Andreea Orîndaru; Maria-Floriana Popescu; Ștefan-Claudiu Căescu; Florina Botezatu; Margareta Florescu; Carmen-Cristina Runceanu-Albu. Leveraging COVID-19 Outbreak for Shaping a More Sustainable Consumer Behavior. Sustainability 2021, 13, 5762 .
AMA StyleAndreea Orîndaru, Maria-Floriana Popescu, Ștefan-Claudiu Căescu, Florina Botezatu, Margareta Florescu, Carmen-Cristina Runceanu-Albu. Leveraging COVID-19 Outbreak for Shaping a More Sustainable Consumer Behavior. Sustainability. 2021; 13 (11):5762.
Chicago/Turabian StyleAndreea Orîndaru; Maria-Floriana Popescu; Ștefan-Claudiu Căescu; Florina Botezatu; Margareta Florescu; Carmen-Cristina Runceanu-Albu. 2021. "Leveraging COVID-19 Outbreak for Shaping a More Sustainable Consumer Behavior." Sustainability 13, no. 11: 5762.
The process of reaching carbon neutrality by 2050 and cutting CO2 emissions by 2030 by 55% compared to 1990 as per the EU Green Deal is highly complex. The energy mix must be changed to ensure long-term environmental sustainability, mainly by closing down coal sites, while preserving the energy-intensive short-term economic growth, ensuring social equity, and opening opportunities for regions diminishing in population and potential. Romania is currently in the position of deciding the optimal way forward in this challenging societal shift while morphing to evidence-based policy-making and anticipatory governance, mainly in its two coal-mining regions. This article provides possible future scenarios for tackling this complex issue in Romania through a three-pronged, staggered, methodology: (1) clustering Romania with other similar countries from the point of view of the Just Transition efforts (i.e., the energy mix and the socio-economic parameters), (2) analyzing Romania’s potential evolution of the energy mix from the point of the thermal efficiency of two major power plants (CEH and CEO) and the systemic energy losses, and (3) providing insights on the socio-economic context (economic development and labor market transformations, including the component on the effects on vulnerable consumers) of the central coal regions in Romania.
Roxana Voicu-Dorobanțu; Clara Volintiru; Maria-Floriana Popescu; Vlad Nerău; George Ștefan. Tackling Complexity of the Just Transition in the EU: Evidence from Romania. Energies 2021, 14, 1509 .
AMA StyleRoxana Voicu-Dorobanțu, Clara Volintiru, Maria-Floriana Popescu, Vlad Nerău, George Ștefan. Tackling Complexity of the Just Transition in the EU: Evidence from Romania. Energies. 2021; 14 (5):1509.
Chicago/Turabian StyleRoxana Voicu-Dorobanțu; Clara Volintiru; Maria-Floriana Popescu; Vlad Nerău; George Ștefan. 2021. "Tackling Complexity of the Just Transition in the EU: Evidence from Romania." Energies 14, no. 5: 1509.
The dynamics of the labor market have been significantly influenced and impacted in recent decades by the scale of globalization, not only from a socio-economic standpoint, but also from the perspective of generating the premises of destroying boundaries. Taking this into consideration, our research is aimed at highlighting the socio-economic impact of migration on the labor market in the Romanian Danube Region in order to create a framework which can be used when elaborating a solid action plan meant to increase the socio-economic attractivity in the analyzed region. This research was carried out by resorting to the multicriterial analysis, aimed at quantifying the state of development of the analyzed counties from the perspective of clearly defined socio-economic indicators. Additionally, the linear regression research method was applied in order to ensure a more in-depth analysis of the relationship between local employment and the departure from domicile. The main finding was that Mehedinţi County has greater potential for socio-economic development than the neighboring county, even though the population is not encouraged to remain in the rural areas, one of the reasons being the lack of attractiveness of the local labor market. The designed econometric model confirms (66.17%) this result in the case of the localities part of Mehedinţi County.
Bogdan-Cristian Chiripuci; Marius Constantin; Maria-Floriana Popescu; Albert Scrieciu. The Socio-Economic Impact of Migration on the Labor Market in the Romanian Danube Region. Sustainability 2020, 12, 8654 .
AMA StyleBogdan-Cristian Chiripuci, Marius Constantin, Maria-Floriana Popescu, Albert Scrieciu. The Socio-Economic Impact of Migration on the Labor Market in the Romanian Danube Region. Sustainability. 2020; 12 (20):8654.
Chicago/Turabian StyleBogdan-Cristian Chiripuci; Marius Constantin; Maria-Floriana Popescu; Albert Scrieciu. 2020. "The Socio-Economic Impact of Migration on the Labor Market in the Romanian Danube Region." Sustainability 12, no. 20: 8654.
Educational institutions, especially universities, have been major pillars in societal transformation throughout society’s history. They have been leading change through their discoveries, research results, and foremost, their example. Nowadays, universities have once again taken the role of leading change in a world that is profoundly determined to have a sustainable approach to life, paying attention to the long-term effects of their actions. In this sense, under the impact of deep digitalization, this paper advocates for the sustainable development of universities regarding campuses’ expansion to rural areas. Moreover, it was demonstrated that sustainable development can be achieved by embracing the potential of digitalization. Based on a multicriteria analysis of the Romanian development regions, the research results showed that the rural area might be a welcoming environment for campuses of sustainable universities, based on digitalization at the level of the rural area in all activity fields, which is an initiative that would generate positive outcomes on many levels for different types of stakeholders, such as universities, students, staff, rural area population, and the nearby business environment. Future research aims to approach and explain the compounded effects of such an approach in depth and establish an even clearer picture of how beneficial such an expansion could prove to all factors considered under a knowledge-based society with digitized information as a vital pillar.
Maria-Floriana Popescu; Bogdan-Cristian Chiripuci; Andreea Orîndaru; Marius Constantin; Albert Scrieciu. Fostering Sustainable Development through Shifting Toward Rural Areas and Digitalization—The Case of Romanian Universities. Sustainability 2020, 12, 4020 .
AMA StyleMaria-Floriana Popescu, Bogdan-Cristian Chiripuci, Andreea Orîndaru, Marius Constantin, Albert Scrieciu. Fostering Sustainable Development through Shifting Toward Rural Areas and Digitalization—The Case of Romanian Universities. Sustainability. 2020; 12 (10):4020.
Chicago/Turabian StyleMaria-Floriana Popescu; Bogdan-Cristian Chiripuci; Andreea Orîndaru; Marius Constantin; Albert Scrieciu. 2020. "Fostering Sustainable Development through Shifting Toward Rural Areas and Digitalization—The Case of Romanian Universities." Sustainability 12, no. 10: 4020.
Leveraged buyouts (LBOs) and their effect on the economy (following their history that started in 1919 with the first LBO of Ford Motor Company) cannot be adequately discussed without taking into consideration the junk bonds. The reason for this necessary linkage is directly connected with the power that rests in the junk bonds, because they are used to finance LBO deals. The original-issue high-yield debt instrument, the so-called “junk bond” innovation, was pioneered by Michael Milken of Drexel Burnham, providing many hostile bidders and LBO firms with the enormous amounts of capital needed to finance multi-billion-dollar deals. The history of these two instruments goes hand in hand, as for example, the conjunction between the U.S. recession of the early 1990s along with the junk bond market crash following the fall of the investment bank Drexel Burnham Lambert, brought the first LBO wave (the one that started in 1980) to an end. This is not the only example that shows a true connection between LBOs and junk bonds. This paper aims to bring into light the liaison that exists between these two instruments and the history that was created by the financing of LBOs with junk bonds. The present article will bring into focus the speculations that rests on the idea that the junk bonds has proven to be a life saver to big leveraged buyout groups as companies are able to get access to funding as investors look to invest in companies with high yields. Apart from this subject, this paper will try to figure out the role that the junk bond market plays in new LBO's, especially the ones created after 2012 (there was a slowdown in the LBOs activity after the financial turnover from 2008, and only after 2012 we can observe an improvement in the leveraged buyout market). This research paper will try to stimulate thinking about the effects that are generated on a market by a LBO, the power that exists behind a leveraged buyout (e.g. the junk bonds) and the connection that makes them prevail and become powerful, mainly together.
Gheorghe Hurduzeu; Maria-Floriana Popescu. The History of Junk Bonds and Leveraged Buyouts. Procedia Economics and Finance 2015, 32, 1268 -1275.
AMA StyleGheorghe Hurduzeu, Maria-Floriana Popescu. The History of Junk Bonds and Leveraged Buyouts. Procedia Economics and Finance. 2015; 32 ():1268-1275.
Chicago/Turabian StyleGheorghe Hurduzeu; Maria-Floriana Popescu. 2015. "The History of Junk Bonds and Leveraged Buyouts." Procedia Economics and Finance 32, no. : 1268-1275.
In the XXI century, the access to energy depends on a complex system of global markets, vast cross-border infrastructure networks, a small group of primary energy suppliers and financial and technological markets interdependencies. This is the context in which energy security has become a very important point on security policy's agenda of governments around the world, and the term “energy security” gained importance in the energy lexicon. This paper will analyze the economic component of energy security, its purpose being to examine the concept of energy security from an economical and financial point of view.
Maria-Floriana Popescu. The Economics and Finance of Energy Security. Procedia Economics and Finance 2015, 27, 467 -473.
AMA StyleMaria-Floriana Popescu. The Economics and Finance of Energy Security. Procedia Economics and Finance. 2015; 27 ():467-473.
Chicago/Turabian StyleMaria-Floriana Popescu. 2015. "The Economics and Finance of Energy Security." Procedia Economics and Finance 27, no. : 467-473.
Maria-Floriana Popescu. THE LIBERALISATION OF THE EUROPEAN ENERGY MARKET � A STEP TOWARDS EFFICIENCY. SGEM 2014 Scientific SubConference on POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM 2014, 1 .
AMA StyleMaria-Floriana Popescu. THE LIBERALISATION OF THE EUROPEAN ENERGY MARKET � A STEP TOWARDS EFFICIENCY. SGEM 2014 Scientific SubConference on POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM. 2014; ():1.
Chicago/Turabian StyleMaria-Floriana Popescu. 2014. "THE LIBERALISATION OF THE EUROPEAN ENERGY MARKET � A STEP TOWARDS EFFICIENCY." SGEM 2014 Scientific SubConference on POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM , no. : 1.
Maria-Floriana Popescu. THE ROLE OF ENERGY IN THE INTERNATIONAL TRADE. SGEM 2014 Scientific SubConference on POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM 2014, 1 .
AMA StyleMaria-Floriana Popescu. THE ROLE OF ENERGY IN THE INTERNATIONAL TRADE. SGEM 2014 Scientific SubConference on POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM. 2014; ():1.
Chicago/Turabian StyleMaria-Floriana Popescu. 2014. "THE ROLE OF ENERGY IN THE INTERNATIONAL TRADE." SGEM 2014 Scientific SubConference on POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM , no. : 1.