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Mircea Rus
National Institute for Research and Development in Constructions, Urbanism and Sustainable Spatial Development “URBAN INCERC”, 117 Calea Floresti, 400524 Cluj-Napoca, Romania

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Journal article
Published: 23 June 2021 in Energies
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Taxation exerts pressure on the economic activities of all companies, including economic entities that operate in the energy industry. This study examined the degree to which fiscal pressure influenced the financial performance of 88 publicly listed companies from the energy industry during a time frame of 16 years (2005Q1–2020Q3). By modelling financial data from the oil, gas and electricity sectors with panel data techniques, our results showed that fiscal pressure had a significant effect on the evolution of company financial performance measured by return on assets, return on equity and return on investment. The study revealed that fiscal pressure had a more positive impact on the financial performance of energy companies than a negative impact. This conclusion is important for overall taxation in the energy industry since corporate taxes, excise duties and mandatory labor contributions are basic resources for state budgets. Our empirical results imply important research directions on the prospect of analyzing company performance.

ACS Style

Larissa Batrancea; Mircea Rus; Ema Masca; Ioan Morar. Fiscal Pressure as a Trigger of Financial Performance for the Energy Industry: An Empirical Investigation across a 16-Year Period. Energies 2021, 14, 3769 .

AMA Style

Larissa Batrancea, Mircea Rus, Ema Masca, Ioan Morar. Fiscal Pressure as a Trigger of Financial Performance for the Energy Industry: An Empirical Investigation across a 16-Year Period. Energies. 2021; 14 (13):3769.

Chicago/Turabian Style

Larissa Batrancea; Mircea Rus; Ema Masca; Ioan Morar. 2021. "Fiscal Pressure as a Trigger of Financial Performance for the Energy Industry: An Empirical Investigation across a 16-Year Period." Energies 14, no. 13: 3769.

Journal article
Published: 14 December 2020 in Mathematics
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Each country designs its own scheme to achieve green financing and, in general, credit is considered to be a fundamental source of greening financial systems. The novelty of this study resides in that we examined green financing initiatives in USA, Canada and Brazil by focusing on major components of the financial systems before, during and after the 2008 world financial crisis. By means of panel data analysis conducted on observations ranging across the period 1970–2018, we investigated variables such as domestic credit from banks, domestic credit from the financial sector, GDP, N2O emissions, CO2 emissions and the value added from agriculture, forest and fishing activities. According to our findings, domestic credit from banks was insufficient to achieve green financing. Namely, in order to increase economic growth while reducing global warming and climate change, the financial sector should assume a bigger role in funding green investments. Moreover, our results showed that domestic credit from the financial sector contributed to green financing, while CO2 emissions remained a challenge in capping global warming at the 1.5 °C level. Our empirical study supports the idea that economic growth together with policies targeting climate change and global warming can contribute to green financing. Over and above that, governments should strive to design sustainable fiscal and monetary policies that promote green financing.

ACS Style

Ioan Batrancea; Larissa Batrancea; Malar Maran Rathnaswamy; Horia Tulai; Gheorghe Fatacean; Mircea-Iosif Rus. Greening the Financial System in USA, Canada and Brazil: A Panel Data Analysis. Mathematics 2020, 8, 2217 .

AMA Style

Ioan Batrancea, Larissa Batrancea, Malar Maran Rathnaswamy, Horia Tulai, Gheorghe Fatacean, Mircea-Iosif Rus. Greening the Financial System in USA, Canada and Brazil: A Panel Data Analysis. Mathematics. 2020; 8 (12):2217.

Chicago/Turabian Style

Ioan Batrancea; Larissa Batrancea; Malar Maran Rathnaswamy; Horia Tulai; Gheorghe Fatacean; Mircea-Iosif Rus. 2020. "Greening the Financial System in USA, Canada and Brazil: A Panel Data Analysis." Mathematics 8, no. 12: 2217.

Journal article
Published: 01 October 2020 in Journal of Risk and Financial Management
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The article investigates the contribution of adjusted net savings to sustainable economic growth for 10 Central and Eastern European and Baltic nations, which are former Soviet bloc nations known as transition economies, using panel data analysis for the period 2005–2016. Our results indicated that adjusted net savings impacted on the GDP across the 10 countries analyzed. Nevertheless, national authorities are called on to implement policy changes in these countries to achieve sustainable economic growth and make an efficient transition from a brown economy towards a green economy.

ACS Style

Batrancea Larissa; Rathnaswamy Malar Maran; Batrancea Ioan; Nichita Anca; Rus Mircea-Iosif; Tulai Horia; Fatacean Gheorghe; Masca Ema Speranta; Morar Ioan Dan. Adjusted Net Savings of CEE and Baltic Nations in the Context of Sustainable Economic Growth: A Panel Data Analysis. Journal of Risk and Financial Management 2020, 13, 234 .

AMA Style

Batrancea Larissa, Rathnaswamy Malar Maran, Batrancea Ioan, Nichita Anca, Rus Mircea-Iosif, Tulai Horia, Fatacean Gheorghe, Masca Ema Speranta, Morar Ioan Dan. Adjusted Net Savings of CEE and Baltic Nations in the Context of Sustainable Economic Growth: A Panel Data Analysis. Journal of Risk and Financial Management. 2020; 13 (10):234.

Chicago/Turabian Style

Batrancea Larissa; Rathnaswamy Malar Maran; Batrancea Ioan; Nichita Anca; Rus Mircea-Iosif; Tulai Horia; Fatacean Gheorghe; Masca Ema Speranta; Morar Ioan Dan. 2020. "Adjusted Net Savings of CEE and Baltic Nations in the Context of Sustainable Economic Growth: A Panel Data Analysis." Journal of Risk and Financial Management 13, no. 10: 234.

Journal article
Published: 01 September 2020 in Oradea Journal of Business and Economics
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Corporate governance was implemented in companies managerial activity. It explicitly sets forth such companies organization way according to the principle of the separation of the executive management from the decisional one, especially in those companies which were heading towards bankruptcy. Thus, the two models of corporate governance appeared, the dual management system or the simple management system. The most implemented system in Romania is the dual one and this system is implemented both in the private system as well as in public entities. In the private system, the dual system is implemented both in companies listed on a regulated market as well as in those not listed. Timid steps are also taken by entities with research & development (R&D) activities, for the moment among those listed with the Bucharest Stock Exchange, but we need to mention here that some corporate governance principles are implemented also in companies which are not listed, as we will see in what follows. Maybe it will not be bad to have this management system implemented also in research-development national institutes as it would be easier to follow the way of how the public money is spent. At the same time, by its implementation, the corporate governance might have an important role also in what concerns the human resource of such institutes.

ACS Style

Mircea-Iosif Rus. CORPORATE GOVERNANCE IN THE ROMANIAN RESEARCH-DEVELOPMENT ACTIVITY. Oradea Journal of Business and Economics 2020, 5, 44 -51.

AMA Style

Mircea-Iosif Rus. CORPORATE GOVERNANCE IN THE ROMANIAN RESEARCH-DEVELOPMENT ACTIVITY. Oradea Journal of Business and Economics. 2020; 5 (2):44-51.

Chicago/Turabian Style

Mircea-Iosif Rus. 2020. "CORPORATE GOVERNANCE IN THE ROMANIAN RESEARCH-DEVELOPMENT ACTIVITY." Oradea Journal of Business and Economics 5, no. 2: 44-51.

Journal article
Published: 01 August 2020 in Journal of Risk and Financial Management
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The study investigated the impact of factors such as non-performing loans, CO2 emissions, bank credit, and inflation on the variable sustainable economic growth for India, Brazil, and Romania during the period 2005–2017, through a panel data analysis. Specifically, we investigated the timeline before, during, and after economic turmoil, with a special focus on the global financial crisis. Our empirical results are valuable for both developing and developed nations. As a first result, we showed that CO2 emissions increased the level of economic growth, but in this context, authorities should design suitable policies to limit its impact on the overall society. In addition, a single supervision mechanism increased the level of sustainable economic growth. Last but not the least, the period during and after the global financial crisis, sustainable economic growth decreased under the influence of bank credit, inflation, and non-performing loans. Within this framework, public authorities are called to design efficient economic, fiscal, and monetary policies.

ACS Style

Batrancea Ioan; Rathnaswamy Malar Kumaran; Batrancea Larissa; Nichita Anca; Gaban Lucian; Fatacean Gheorghe; Tulai Horia; Bircea Ioan; Rus Mircea-Iosif. A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania. Journal of Risk and Financial Management 2020, 13, 170 .

AMA Style

Batrancea Ioan, Rathnaswamy Malar Kumaran, Batrancea Larissa, Nichita Anca, Gaban Lucian, Fatacean Gheorghe, Tulai Horia, Bircea Ioan, Rus Mircea-Iosif. A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania. Journal of Risk and Financial Management. 2020; 13 (8):170.

Chicago/Turabian Style

Batrancea Ioan; Rathnaswamy Malar Kumaran; Batrancea Larissa; Nichita Anca; Gaban Lucian; Fatacean Gheorghe; Tulai Horia; Bircea Ioan; Rus Mircea-Iosif. 2020. "A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania." Journal of Risk and Financial Management 13, no. 8: 170.

Journal article
Published: 06 July 2020 in Journal of Risk and Financial Management
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The study focuses on the effects of imports, exports, financial direct investment inflow and financial direct investment outflow on sustainable economic growth expressed by various macroeconomic indicators (gross domestic product, gross domestic savings, gross domestic capital) using the least squares panel method. Sample data were selected for ten Central and Eastern European (CEE) countries and the time frame considered was 2005–2016. Generally, transitional economies have to incorporate strong savings and a steady capital formation in order to achieve higher economic growth via foreign direct investment. Results showed that the analyzed factors played a major role in the sustainable economic growth of CEE countries. Another important and valuable insight of this study is that the financial sector steers the process of achieving sustainable economic growth across CEE countries.

ACS Style

Batrancea Ioan; Rathnaswamy Malar Mozi; Gaban Lucian; Fatacean Gheorghe; Tulai Horia; Bircea Ioan; Rus Mircea-Iosif. An Empirical Investigation on Determinants of Sustainable Economic Growth. Lessons from Central and Eastern European Countries. Journal of Risk and Financial Management 2020, 13, 146 .

AMA Style

Batrancea Ioan, Rathnaswamy Malar Mozi, Gaban Lucian, Fatacean Gheorghe, Tulai Horia, Bircea Ioan, Rus Mircea-Iosif. An Empirical Investigation on Determinants of Sustainable Economic Growth. Lessons from Central and Eastern European Countries. Journal of Risk and Financial Management. 2020; 13 (7):146.

Chicago/Turabian Style

Batrancea Ioan; Rathnaswamy Malar Mozi; Gaban Lucian; Fatacean Gheorghe; Tulai Horia; Bircea Ioan; Rus Mircea-Iosif. 2020. "An Empirical Investigation on Determinants of Sustainable Economic Growth. Lessons from Central and Eastern European Countries." Journal of Risk and Financial Management 13, no. 7: 146.