https://www.um.edu.mt/library/oar/handle/123456789/28510 2026-04-15T17:51:11Z 2026-04-15T17:51:11Z Achim, Monica Violeta Borlea, Nicolae Sorin Breban, Ludovica https://www.um.edu.mt/library/oar/handle/123456789/32319 2018-07-28T01:34:38Z 2010-01-01T00:00:00Z

Title: Financial crisis and accounting information : the need for corporate social responsibility in accounting profession Authors: Achim, Monica Violeta; Borlea, Nicolae Sorin; Breban, Ludovica Abstract: This paper wants to draw attention on several aspects regarding the causes that led to the emergence of 21st century economic crisis, pointing their implications in the balance of economic-financial mechanisms. In history, on the occasion of economic and/or financial crisis, among their causes there are mentioned causes related to managers’ irresponsible actions, managers who, together with accounting professionals, chose to alter accounting data in order to create a more appealing image on the market of the company’s financial status. We will underline the role of accounting in system of a more efficient, socially responsible corporatist governing, capable of recreating economic-financial balances and of regaining the confidence of the population in economic values, as well as the role of accounting in “faithfully” reflecting these values.

2010-01-01T00:00:00Z Deceanu, Liviu Pintea, Mirela Thalassinos, El Zampeta, Vicky https://www.um.edu.mt/library/oar/handle/123456789/32312 2018-07-28T01:35:02Z 2010-01-01T00:00:00Z

Title: New dimensions of country risk in the context of the current crisis : a case study for Romania and Greece Authors: Deceanu, Liviu; Pintea, Mirela; Thalassinos, El; Zampeta, Vicky Abstract: The attractiveness of a state regarding foreign investors, multinational banks and creditors, is closely related to country risk assessment. Most of the financial and economic rating agencies such as Standard & Poor's, Fitch, Moody's, etc., are in a position to analyze, more or less subjectively, more or less reliable, country risk developments. Rating systems that appear as important tools in decision-support are taken, in many cases non-critically, by the decision makers and used as such. The process of globalization has multiplied the country risk acceptance and successive crises with recurrence, often without advance, stressed that the assessment processes has significant shortcomings. Countries such as Greece and Romania, currently facing similar economic and social problems, are in a delicate situation. Although unlike Greece, Romania has not yet adopted the euro, a number of similarities between the two countries allow a simultaneous analysis. Recently, representatives of Standard and Poor’s announced that the declaration of support came from the European Union to Athens is a conducive factor for Greece, but this remains exposed to considerable risks; in December 2009, the Agency amend Greece in BBB + rating with negative outlook. For Romania, the passage of the attribute “negative” to “stable” is closely related to assessors of reforms agreed with IMF. Currently valued at BB +, Romania is below the recommended level for investment. In this context, the main aim of this article is to find the answer to a series of questions: Are these ratings really fair? What are the relevant variables in the analysis of states like Greece and Romania? What are the problem areas and how they can be treated? What country risk approach is appropriate for these countries?

2010-01-01T00:00:00Z Ginoglou, Dimitrios https://www.um.edu.mt/library/oar/handle/123456789/32311 2018-07-28T01:34:49Z 2010-01-01T00:00:00Z

Title: Optimization distribution of activity based costing using agent based technologies Authors: Ginoglou, Dimitrios Abstract: The article describes a distribution of cost with base the activities that will result from the negotiations with the salesmen with base the use agent based technology. The purpose is to solve the optimization problem, taking into account constraints such as the salesmen capacity and income increase in a uniform way and the company’s turnover increase. In this approach a Sales schedule (ABC activity costing) is developed dynamically by all of the concerned participants. The negotiation methodology used allows agents to negotiate with other agents in a certain geographical area based on their sales capacity, commission percentage and the area’s sales turnover. A simulation model based on Repast3 has been developed to evaluate the algorithm accuracy and the system’s convergence. By executing this prototype with various utility functions, interesting results have been achieved showing a convergence in total company’s turnover, salesmen capacity and salesman income.

2010-01-01T00:00:00Z Artikis, Constantinos T. https://www.um.edu.mt/library/oar/handle/123456789/32310 2018-07-28T01:34:57Z 2010-01-01T00:00:00Z

Title: Bernoulli selecting processes in actuarial decisions Authors: Artikis, Constantinos T. Abstract: Bernoulli selecting processes are generally considered as valuable analytical tools for making decisions in many disciplines of particular theoretical and practical importance. The present paper concentrates on the formulation, investigation and actuarial applications of a stochastic model describing a Bernoulli selecting process. It is shown that the formulated stochastic model can substantially support the applicability of such a selecting process for making insurance decisions incorporating significant elements of proactivity.

2010-01-01T00:00:00Z