Bogdan Cernat-Gruici

• Phd
• Senior Lecturer at Bucharest University of Economic Studies

In order to fully benefit from the advantages induced by artificial intelligence (AI) at the corporate level, business organisations should be well aware of the factors contributing to the proper AI specialisation of their employees. In this context, the present paper aims to examine the role of national culture in supporting the distribution of AI...

Sustainability bonds enable capital-raising and investment for those projects that have both a positive impact on the environment and a positive social outcome. This study examines the stock market reaction to the announcement of sustainability bonds issuance. The present research is designed as follows: first, an event study that examines the mark...

The issue of investigating the sustainability of stock exchanges is particularly relevant in the context of sustainable finance. The research objective of the present paper is to analyse the sustainability of stock exchanges based on the construction of an original multi-variate composite index in order to explore the links with business-specific a...

In the context of increased awareness for complying with the multiple requirements for sustainable development, the stakeholders need to have the proper information for analyzing the corporate behaviors from various perspectives. Thus, the purpose of this research is to investigate and map the sustainability patterns of European companies at the be...

Based on empirical studies and theoretical evidence, the paper investigates the relationship between mergers and acquisitions in Romania and Romanian stock market, described by the BET and BET-C indexes. By using the Granger causality test for the number of mergers and acquisitions, the research results suggest that, for the market and period consi...

Merger and acquisition (M&A) activity is often a good indicator of how well a given market performs or whether the economic environment within a country is ripe for investment. Based on empirical studies and theoretical evidence the present paper investigates the status of the M&A market in Romanian and several other EU countries from the perspecti...

The catastrophe bonds have become an important asset class of the international financial market and the recent disasters that affected economies all over the world reinforced the need of reflection upon this risk transfer instrument. Within this context, this paper is an attempt of modelling the volatility of a catastrophe bond index, mainly the S...

Based on empirical studies and theoretical evidence the paper investigates the relationship between inward and outward acquisitions and disposals in the UK and the UK stock market described by the FTSE all-share index. By using the Granger causality test for both the numbers and value of acquisitions and disposals the research results suggest that...

As military strategy preceded firm strategy, it is natural to state that firm strategy took the majority of its main concepts from the military. Nowadays, the business environment plays an important role in adopting strategic decisions. This implies that in the center of a company’s view, competition stands for one of the important factors. The int...

The aim of the present paper is to study the relationship between international oil prices and international energy sector in the context of the current economic crisis. The research methodology consists in co-integration tests performed on daily data frequency for two of the most important spot oil prices used as a benchmark in oil pricing, mainly...

The purpose of the article is to model the serial dependence of the volatility of the BET-NG – Bucharest Exchange Trading Energy & Related Utilities Index by using an extension of the generalized autoregressive conditional heteroscedasticity (GARCH) time series techniques – the GJR asymmetric model. The GJR captures the negative correlation between...