Achim Monica-Violeta

Achim Monica-Violeta
Babeş-Bolyai University | UBB · Department of Finance

Professor Dr. Habil.

About

86
Publications
53,803
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575
Citations
Introduction
I am affiliated at Babeş-Bolyai University, Faculty of Economics and Business Administration, Department of Finance Cluj-Napoca, Romania. I am full professor at Department of Finance and Phd supervisor in the field of Finance within Doctoral School of Economics,, Faculty of Economics and Business Administration, Babes-Bolyai University, Romania. My area of activity regards: business performances, financial analysis, corporate governance, finance, economic and financial crime.

Publications

Publications (86)
Article
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Workplace incivility has gotten a lot of attention in recent decades. Researchers have looked at many forms of aggressive conduct in the workplace and their negative impacts on individuals and businesses. The goal of this study was to see how incivility among supervisors leads to work withdrawal and when this link might be mitigated. We argued that...
Article
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Several factors affect health project success. This research aims to examine the impact of critical success factors on health project success and show how the essential factors of success interact with knowledge creation to impact health project success. The self-administered questionnaire was distributed to collect data from 246 managers, supervis...
Article
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Sustainable development has gained the attention of researchers worldwide and is becoming an important topic, especially in relation to corporate governance principles. This study investigates the influence of corporate governance on sustainable development in a sample of 185 countries over 2005–2020 using a panel linear regression model. Separate...
Article
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Drones have been used in recent years more and more in various economic sectors (e.g., military, agriculture, retail, transport), but also for personal use and entertainment. The current legislative framework and cyber security standards do not fully address the identification of liable stakeholders in the drone ecosystem for cyber-incidents and th...
Article
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The purpose of this study is to evaluate the result of the decisions addressed in preventing and combating money laundering by Romania, together with the other member states of the European Union, following the regulations changes in the field. Against the background of technological developments and new threats, regulators have developed rules and...
Conference Paper
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The aim of this paper is to try to catch the influence of intellectual capital on innovation. In order to measure the intellectual capital, there were considered three components as being three indexes through we have measure the Intellectual Capital: Human Index Capital, Education Index and the National IQ and Innovation was measured through Innov...
Article
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Our paper investigates the influence of democracy upon the spread of COVID-19. For the purpose of our study we use a sample consisting of 185 worldwide countries affected by the spread of the new coronavirus disease (54 high income and 131 low income countries). First, we find that in high income countries, higher levels of democracy reduce the spr...
Article
Taxation plays an important role in investment decisions and on net profit. In this view, this paper examines the fiscal determinants of investments realized by non-financial corporations in European Union (EU) countries. More exactly, the influences of profit tax and other important taxes like consumption and labor tax on the rate of investment ar...
Article
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This study aims to reveal the connection between corruption and shadow economy, on one hand, and deforestation, on the other. The research considers 131 countries from all over the world, in the timeframe between the years 2012 and 2020, and it reveals that corruption and shadow economy positively influence deforestation. Determinants like democrat...
Article
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Economic and financial crime is closely related to the changes and the development of societies. In this paper, we question whether the types of economic and financial crimes change as the society develops or not. For our purpose, we use the sample of 27 European Union member countries, for the 2005–2020 time period, which forms an unbalanced panel...
Article
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The COVID-19 pandemic has disrupted every facet of life globally. Business and commerce are key areas where the monetary crunch has been acutely felt. This study aims to analyze the various key changes in entities’ activities to evaluate the level of business performance in response to the COVID-19 pandemic. For this purpose, we use panel data anal...
Chapter
The purpose of this chapter is to study the detailed dynamics of economic and financial crimes within the European Union member states, namely corruption, shadow economy, tax evasion, money laundering, cybercrime and financial frauds. Our econometric modelling focuses on the impact of the vector of financial and economic crime proxies upon economic...
Article
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In this paper we address the relationship between happiness and acts of corruption and shadow economy in Romania. From our survey conducted on a sample of 101 respondents from Romania (on March 2020), we find that Romanian people do not link happiness to material issues in particular, but rather they see it as a consequence of having families, prof...
Article
The aim of this paper is to explore the relationship between intelligence and economic and financial crimes. For this purpose, we use a cross-sectional sample of 182 countries for the time span of 2012–2017. Our research provides empirical evidence on the existence of a significant impact of intelligence upon economic and financial crimes. When we...
Article
In this paper we analyze the influence of technology on the level of the economic and financial crime, using data for 185 countries over the 2012–2015 time period and controlling for many important variables. First, we find that on average, the size of the economic and financial crime in low income countries is about double compared to that of high...
Conference Paper
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Purpose-This paper aims to assess the effectiveness of anti money laundering in Romania and other European countries based on national Financial Intelligent Units dates. Design/Methodology/Approach/-Annual reports of 12 th European FIUs and reports from the last eight years of Romanian FIU are used to examine legal status, role and functions of nat...
Conference Paper
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Technological and social developments lead to repositioning of criminal actions and adapted responses of Information Systems. On the invisible front, confrontations between national or international organizations and entities that are strictly economically motivated or supported by terrorist groups take place. The direct and indirect effects are di...
Book
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This book deals with the widespread economic and financial crime issues of corruption, the shadow economy and money laundering. It investigates both the theoretical and practical aspects of these crimes, identifying their effects on economic, social and political life. This book presents these causes and effects with a state of the art review and w...
Chapter
This chapter presents the main economic and political determinants of economic and financial crime resulting at the reviewing of the specialized literature. Some of the main causes we identified are the following: the level of the economic development, the tax pressure, the public governance, the corporate governance, and the banking system soundne...
Chapter
Various recent studies are beginning to go beyond the explanations of a strictly economic nature regarding to find causes of economic phenomena. Thus, the term behavioural economics has been developing more and more in the economic sciences, lately being associated with social values, norms, and attitudes. More and more authors among non-economists...
Chapter
The last chapter emphasizes the effects of such economic and financial crimes at economic, financial social, and political levels. The presentations made include, on one hand, a synthesis of the review of the specialized literature about the relations investigated and, on the other hand, the progress of own studies for documenting the existence and...
Chapter
This first chapter begins to present the concepts of economic and financial crimes and theirs main components of corruption, shadow economy, and money laundering. The historical issues, concepts, and characteristic features (volume, intensity, direction, and frequency) are presented in relation with the economic and financial crime acts. Then, this...
Article
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Technological development brings about economic changes that affect most citizens, both in developed and undeveloped countries. The implementation of blockchain technologies that bring cryptocurrencies into the economy and everyday life also induce risks. Authorities are continuously concerned about ensuring balance, which is, among other things, a...
Article
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The manipulation of the information presented through financial statements could represent a significant red flag for suspected fraud. In our paper, we investigated the extent to which the Romanian companies resort to manipulation of information data presented through the reported annual financial statements. For this purpose, we used a group consi...
Article
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The purpose of this paper is to investigate the relationship between corruption and population health. Our cross-sectional sample covers 185 countries (54 high-income and 131 low-income countries) and the period of the analysis is 2005–2017. This research provides clear evidence that the level of corruption significantly affects physical health (ex...
Article
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: Having in mind the main debate “grease the wheels” vs. “sand the wheels”, the main objective of this study is to find the way in which corruption and shadow economy influence economic and sustainable development. A large cross-country database of 185 countries is used for the 2005–2015 time period. We find that corruption and shadow economy are p...
Article
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This paper investigates the influence of culture on the level of entrepreneurship and the possible moderating role of the level of economic development upon this relationship. For our purpose, an initial sample of 125 countries (43 high-income and 82 low-income countries) is used, over the 2006–2016 time period. At first, we use a panel analysis of...
Article
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The aim of this paper consists in providing a general overview of the notion of intellectual capital as a key to maximizing the corporate performance. Following the researches carried out, we present the delimitations of the intellectual capital in relation with human capital, relational capital and structural capital. In terms of its measurement,...
Article
This paper investigates whether culture plays a role in the size of the shadow economy in countries. We also examine the impact of religion and happiness variables on the size of the shadow economy across countries after controlling for governance, economic development, and the tax burden, using panel data on 31 European countries over the period 2...
Book
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Cartea realizează o prezentare coerentă a infracţiunilor de criminalitate economico-financiară, cu accent pe principalele sale forme: corupţia, economia subterana și spălarea banilor. Abordările parcurg deopotrivă atât latura conceptuală, juridică cât și latura metodologică, de măsurare a acestor fenomene. Mai departe, analiza efectuată evidențiază...
Article
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This research comes to empirical investigate whether the country‟s levels of corruption may be explained by some behavioral factors such as culture, tax morale, trust, religion or happiness. For this purpose, a cross-countries survey of 148 countries is used. The findings document that power distance, trust in legal system, happiness and religion a...
Article
This research comes to empirical investigate the influence of income on the level of happiness. Can money buy happiness? It’s one of the most frequently disputed and researched questions of all time. At first sight, it seems easy to assign a simple answer: yes or no, but the correct answer is more difficult than these. We start from the assumption...
Book
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Lucrarea intitulată EXPERTIZA FISCALĂ ȘI CONTABILĂ JUDICIARĂ - Culegere de studii practice - se adresează profesioniştilor din domeniul financiar-contabil, studenților și masteranzilor de la facultățile cu profil economic precum, agenţilor economici interesaţi de modul de perfecţionare a activităţii financiar-contabile etc.. Ediţia acestei lucrări...
Book
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Componentă de bază a managementului modern, controlul asigură cunoaşterea operativă a modului în care se desfăşoară activităţile economice şi sociale, respectarea disciplinei economice, financiare şi contractuale, prevenirea dezechilibrelor din economie. Din cuprinsul lucrării se desprinde rolul controlului economic, financiar şi gestionar care se...
Article
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This article seeks to complement the previous literature and clarify whether fiscal policy plays a role in the level of corruption of a country. The present work investigates whether the increase in fiscal pressure leads to a higher level of corruption and whether the results differ from developed to developing countries. This article examines a la...
Article
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The goal of the present study is to investigate and to base a new qualitative dimension of the organization’s performance, less addressed in the literature, namely the geocentric behavior dimension. Using a cross-sectional sample covering 215 countries over the period 2012–2015, our research provides empirical evidence on significant impact of the...
Book
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Human society has changed a lot and is changing nowadays with an increasing rapidity. We assist today to a high reconstruction of the classical economy under the form of the new economy, in which the behaviors patterns are more and more valued and the dilemma of homo economicus vs homo spiritualis is the subject of the larger debates. Literature re...
Book
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Lucrarea tratează problematica corupției și a economiei subtereane, două fenomene de criminalitate financiară foarte răspândite în zilele noastre. Abordările efectuate pe parcursul lucrării vizează atât latura teoretică cât și cea practică, lucrarea conținând atât o revizuire a literaturii de specialitate cât și studii practice privind fenomenele d...
Article
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This study was carried out to empirically investigate the relationships between corruption and shadow economy among the European Union countries, over the period 2005-2014. Moreover, since one would expect corruption and shadow economy to be more common in poorer countries, this study was therefore carried out to determine how corruption and shadow...
Book
The present book contains the modern approaches to diagnose a business performance of a company which activates in a modern sustainable development economy. Also it proposes general models for diagnosing a business. This work is necessary both for the academic environment and the business environment, providing the guarantee of acquiring rich and u...
Article
The main objective of this study was to investigate the influence of the level of corruption on business development. A large cross-countries survey of about 185 countries was used for the period 2012-2015. The empirical findings of this study show that corruption significantly reduced business development, being a major obstacle to economic growth...
Article
This study investigates correlations between board characteristics and firm performances. For this purpose, six board characteristics were chosen: (1) equilibrium between non-executive and executive members of the board of directors; (2) independence of board members; (3) selection of board members by the assistant role of the Nomination Committee;...
Article
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The purpose of our study is to identify which fi nancial indicators have a signifi cant impact on the probability of Romanian companies’ bankruptcy risk from the investors’ point of view by studying the impact on the probability of shares delisting from the stock exchange. The research is conducted on a sample of 16 failed and 21 non-failed non-fi...
Article
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This paper’s goal is to highlight how happiness affects the level of shadow economy, by using many control variables within different types of potentially determining factors of shadow economy. Another main contribution consists in the systematic comparison between old and new European Union member states in terms of determinants of shadow economy,...
Data
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Article
This study investigates whether culture plays a major role in determining the corruption levels of countries. The cultural dimensions of Hofstede’s model and the worldwide level of corruption provided by the Corruption Perceptions Index were used. A cross-country survey of 98 countries was conducted using ordinary least squares (OLS) regression. Th...
Article
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The results of extensive studies that analyzed the existence and meaning of correlations between the economic growth and the financial market development lead us to a more thorough study of these correlations. Therefore, we performed a broad study of the developing countries from around the world (the developing part of each region constructed by t...
Article
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The development of an extra-financial analysis is indisputable in the current context of world economy. This issue is also argued by the appearance and development of extra-financial rating agencies which already asses some extra financial scores based on environmental, social and governance performances (ESG scores) that the companies have registe...
Article
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This paper aims to highlight the implications of the new economy in the process of educating the population so it properly responds to the labor market's needs that are continuously growing and diversifying and here we particularly refer to former communist countries and namely Romania. The paper reflects the evolution of the educational system in...
Article
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Abstract. Our finding contributes towards the understanding of movements regarding the adoption of corporate governance practice in emerging countries such as Romania and its impact on business performances of a company. We have developed two econometric models to assess the business performances of the companies listed on Bucharest Stock Exchange,...
Article
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In the current context of sustainable development performance means not only to create profit at any cost but to create profits without affecting the interests of other participants in the business including without affecting the environment. Meanwhile corporate governance should ensure the achievement of these objectives by adopting the best corpo...
Article
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This paper aims to analyze the quality of the corporate governance of companies listed on BSE Romania. The contribution of this paper consists in analyzing the corporate governance quality in the main Romanian sectors (extractive industry, manufacture, energy, construction, commerce, transport, accommodation and financial activities). Assessing the...
Article
In this paper it propose to evaluate the bankruptcy risk of the companies which operate within the Romanian metallurgy industry, over the period 2001-2012, highlighting the impact of financial crisis on this sector. The bankruptcy risk assessing by Altman Model gives us a pessimistic view of the Romanian metallurgical industry. A little more optimi...
Article
The aim of this paper is to evaluate the link between environmental and financial performance. In this study, we use a sample of 76 Romanian companies that are listed at Bucharest Stock Exchange, in 2011. The results reflect a negative correlation for the internal performance of the company represented by ROA and a positive correlation for the exte...
Article
In this paper, we developed a model of a global diagnosis, applicable to any company operating in the metal industry. Unlike other models used for this purpose (such as statistical models or models based only on Ā nancial variables) the proposed model has the advantage of being both an analytical and synthetic one refl ecting diff erent aspects tha...
Article
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In this paper we propose a diagnostic analysis of the financial performance of construction companies traded on the Bucharest Stock Exchange during 2002 and 2012. The study’s results highlight the significant impact of the financial crisis on the selected financial indicators from the analysis. The conclusions that we drew in our study conduct us t...
Article
In this paper we propose to assess the quality of the corporate governance of the metallurgy industry operating in the Romanian capital market. The results are compared with the averages recorded in companies listed on Bucharest Stock Exchange. The study highlights that companies listed on Bucharest Stock Exchange which activate in the metallurgica...
Book
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This work entitled Corporate governance and business performances. Modern approaches in the new economy represents a display of the theories which are at the basis of modern mechanisms at the level of the organization management as well as of the concrete way in which these theories are applied in the general effects that the organization produces...
Article
In this paper we propose to evaluate the financial performances of the companies which operate within the metallurgy industry, acting upon the capital market. The results are compared with averages recorded in companies listed on Bucharest Stock Exchange, during the 2001-2011 timeframe.In terms of financial performance, ALRO SA Company is distingui...
Article
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The risk of bankruptcy was and is the subject of many research studies aiming to identify the time of bankruptcy, competing factors to achieve this state, the main financial criteria which best expresses this orientation, the bankruptcy, etc. Although there are models that have proved their viability over time, we note that the developed models are...
Article
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Industrial revolutions, the progress in IT industry, the growth rate of developing new technologies, global competition, liberalization of markets, continue to demand change, globalization of market, economic and financial crisis are just some of the causes that have contributed to the restoration of a new global economic with direct impact on busi...
Article
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In this paper we propose a critical reflection occurring mutations in the methodology for measuring a company's performance in the current context of sustainable development. In this context, companies need to pay more and more attention to accomplishing economic growth and market growth, while ensuring environmental protection and promoting social...
Article
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The importance of this research can be supported by ambitious goals that are attributed to performance measurement / assessment of a company such as: improving company performance, optimization of company’s management and motivating staff. In the current context of sustainable development, the performance definition, measurement and maximizing syst...
Article
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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’ irrespo...
Article
Sustainable development is the macroeconomic concept of global performance. The three pillars of sustainable development, namely economic, environmental and social can be found at the level of a company through its overall performance. So, nowadays we can’t speak only of financial performance without mentioning the social and environmental performa...
Article
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This paper tries to evaluate the situation of the fiscal revenues in Romania in the context of economic and financial crisis, because the fiscal revenues are the major source of financing the public expenditure. The evolution of the level of fiscal revenu
Article
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Romania, as a country which adhered to the European Union just from two years ago, being including in a economical world cycle, gas been more than ever exposed to the effects of this financial crisis. This issue tries to focus on the effects of the financial crisis on the main macroeconomic indicators in Romania such as: the rate of economic growth...
Article
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This paper tries to evaluate the situation of the fiscal revenues in Romania in the context of economic and financial crisis, because the fiscal revenues are the major source of financing the public expenditure. The evolution of the level of fiscal revenue is very important because maintain the budget equilibrium. The article reveals the major tren...
Article
The main aim of this paper is to analyse all possible characteristics related to the country risk factor for the state of Romania. The country risk factor is a measure of a risk related to economic, political, physical and other unforeseen events able to affect the stability of the financial sector in a certain country with immediate results in the...
Article
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This paper intends to create a modern model of own financial diagnosis, based on the SWOT analysis method, combined with evaluation charts methods and attempting a qualitative and quantitative evaluation both of the standing and of the evolution of different economic-financial indicators that contribute to the general economic-financial standing of...
Article
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The drawing up of the companies’ budget represents one of the mostimportant instruments through which is accomplished an efficieny management, theevaluation of companies’ performances and personnel motivatio. Public localtransportation companies usually use budgets as comparison benchmarks for theperformances they obtain in their current activity....
Article
The firms and economic sectors that are in an advanced state of development and also have a good competitive position, have a lower degree of insolvency. But at the same time, new firms, the ones that activate in new sectors, are more exposed. As well, in the new context of adherence’s countries to the EU, increases the interest in the study of mov...
Article
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To survive in a competitive business environment every company must operate in conditions of performance. Over time approaches of business performance have seen various valences differentiated both according to the importance given at the moment to the information needs of different partners in business and according to the modern method which are...
Article
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In the current context of economic globalization, financing through the capital market has become a modern alternative against financing through the monetary market, therefore investors shall be the main users of financial information. Financial analysis has to be able to offer also to this category of users of financial information the adequate in...
Article
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