In a global setting where the requirements for development equally address the economic viability but also social and environmental sustainability, the healthy and efficient growth of rural communities poses substantial challenges. Our paper focuses on specific conditions and constraints that influence the progress of agritourism business initiatives as viable entrepreneurial solutions for self-sustainable rural communities in Romania. To assess the impact of economic, social and tourism-related factors on agritourism entrepreneurship for Romanian counties during 2010–2015 periods, we conducted several Ordinary Least Square regression models. The results emphasize that economic indicators like regional GDP and kilometers of national roads have a positive influence on the number of agritourism business units; also, a positive impact on agritourism entrepreneurship was identified for tourism-related factors like: number of employees and corresponding salaries in tourism, total tourists, share of tourism firms and their turnover in total firms and turnover of the region, as well as preference of tourists for agritourism. The conclusions highlight the direct link between resilient agritourism entrepreneurship and sustainable development of the region and open further research directions.

This paper attempts to empirically investigate the main variables that might exert a significant influence over the green purchase decisions of a Romanian consumer. An online survey was conducted on a sample of 915 individuals. The objectives of the study aim to evaluate the influence of different types of variables (related to the person, the environment, the product and the reference group) on the decision to purchase green products. For data analysis, both descriptive statistics measurements and a logit regression model were used. One of the most important findings shows that there is a significant and positive relationship between environmental factors (e.g., pollution reduction, greenhouse effect reduction) and the decision to purchase organic products; furthermore, Romanian consumers are less willing to pay high prices for green products. By offering important information on new variables relevant for a deeper understanding of a consumer located in a green emerging market such as Romania, this study may be useful for both academics and companies that could be interested in entering new local markets.

The aim of this study is to examine whether there is an impact of geographical proximity, between the acquirer and the target company of a takeover process, on the success of the transaction. In order to do this we analysed a complete database of all the takeover bids between 2000 and 2014 on the Romanian capital market. The evidence reveals that not only is the geographical proximity important for the success of the transaction, but that also takeovers can occur across distant locations if the target firm has a long history of its activity that can be monitored by the acquiring companies. We have also tested if there are NUTS regions characteristics that can influence the decision-making, but the results were inconclusive.

Starting from 2012, listed Romanian entities have to report their individual financial statements using International Financial Reporting Standards. This study is focusedon presenting the differences between Romanian Accounting Standards and IFRS when financial information is analysed. The research is conducted upon the companies that are listed on BSE and tries to demonstrate if statistically any significance in mean, median and variance was observed among several accounting measures and financial ratios. An analysis upon the entire market and its subsamples, considering companies specialisation, was conducted. The results reveal that no statistically significant differences at median and mean level were observed. The relevance could be identified at variance variation considering the solvency ratio and the return on equity one. Regarding the subsample analysis, the results are mixt

Several rapid changes had taken placed in companies involved in a M&A process, especially when managerial practices are encountered. Consequently, the management performance audit is an efficient analysed tool that quantifies how the economic resources were used by shareholders. While the number of M&A has increased constantly, expect the financial crisis period, not a proper documentation about the link between the M&A process and the managerial audit could be found. The aim of this paper is to examine if corporate takeovers lead to an increase in firm performance and whether the company manager has an important role. By auditing the manager's performance we can establish if he took the best decisions in order to increase the shareholders wealth and if he put their wiling's into practice. The managers performance can be measured either by quantitative or by qualitative variables. Our study aims to establish if there is a post-takeover long-term performance for the companies supposed to a merger and acquisition process. The results indicate an improvement of financial indicators, as the impact of managerial audit performance cannot be denied.