17.08.2016 Views

RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

2aO8o2F

2aO8o2F

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

302 <strong>RESPONSIBLE</strong> <strong>ENTREPRENEURSHIP</strong><br />

We would like to herewith refer to the criteria that we called “qualitative”, as they monitor<br />

the evaluation of the shareholders’ and managers’ moral and ethic commitments, while coming<br />

to invest in Romania for activating here and obtaining profits. It is true that the profit is<br />

considered by the investors as their main objective, but still, the profit may not be obtained in<br />

any way but also following the ethical ways. The host country must permanently watch for<br />

maintaining a healthy climate for business, that to be equally competitive but based on healthy<br />

ethical principles. The strategy of one country to keep its business environment clean and ethic<br />

will be also appreciated by future local or foreign investors and only this way, these investors<br />

will be attracted to invest their money in such an economy – competitive, clean and ethic.<br />

Acknowledgment: As previously stated, creating this Matrix was one of the targeted objective<br />

of an on-going wider research, initially presented by Treapãt & Ivan (2015) at Strategica<br />

International Conference, the 3-rd. edition, in Bucharest. This objective is now completed with<br />

a new research conducted towards a new direction, namely how much we are able to evaluate<br />

the future involvement of the banking investors in the CSR policies and how much the banking<br />

investors are willing to respect the deontological and ethical codes of their profession.<br />

References<br />

Admati, A, & Helwig, M (2013). The Banker’s New Clothes: What’s Wrong with Banking and What to Do<br />

About It. Princeton: Princeton University Press.<br />

Altman E. (1968). Financial Ratios Discriminatory Analysis and the Prediction of Corporate Bankruptcy.<br />

The Journal of Finance. 23 (4), 589-609.<br />

Ayadi, R. (2007). Assessing the performance of banking M&As in Europe: A newconceptual approach. CEPS<br />

Working Paper.<br />

Bekaert, G., Claude, B., Campbell R. H., & Tadas, E. V. (1998). Distributional Characteristics of Emerging<br />

Market Returns and Asset Allocation. The Journal of Portfolio Management. 24(2), 102-116.<br />

Barthalon, E. (2014). Uncertainty, Expectations, and Financial Instability: Reviving Allais’s Lost Theory of<br />

Psychological Time. New York; Columbia University Press.<br />

Benink, H.A. (1995). Coping with Financial Fragility and SysMatrixic Risk. Norwell. Kluwer Academic<br />

Publishers.<br />

Capraru, B. (2009). Retail Banking. Bucharest: Ed. C. H. Bech.<br />

Cihak, M., & Tieman, A. (2008). Quality of Financial Sector Regulation and Supervision Around the World.<br />

IMF Working Paper. WP/08/190. International Monetary Fund.<br />

Corodeanu, D. (2007). Etica în administraþia publicã. Iaºi: Ed. Tehnopress.<br />

De Grauwe, P. (1994). The Economics of Monetary Integration (Chapters 5 & 6). Oxford: Oxford University<br />

Press.<br />

Demsetz, R. S., & Strahan, P. E. (1997). Diversification, Size and Risk at Bank Holding Companies. Journal<br />

of Money, Credit and Banking. 29 (3), 300-313.<br />

Endres, A. M. (2011). International Financial Integration. Competing Ideas and Policies in the Post-Bretton<br />

Woods Era. Great Britain. Palgrave Macmillan.<br />

European Commission. (2014). Reindustrializing Europe. Member States Competitiveness Report. SWD<br />

(2014) 278. Brussels: European Commission.European Commission Directorate General Economic and<br />

Financial Affairs, European Commission projections for the 2014 EU-wide stress tests baseline scenario.<br />

European Commission, Annual Growth Survey 2015. Brussels, November 2014.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!