Borlea Sorin

Vasile Goldis Western University of Arad · Faculty of Economics

Recently, the phenomenon of the informal economy has attracted the attention of policymakers and researchers alike in order to fight against its causes. This study has two main objectives. First, using bibliometric analysis, it comes up with a detailed literature review of the field of informal entrepreneurship in order to dimension its widespread...

This chapter targets the estimation of the impact of fiscal pressure upon tax frauds, through a linear and parametric approach on panel data as well. For this purpose, we use a sample consisting of 38 OECD countries for the period 2005–2020, which is divided into two subgroups of countries (old countries (old) and new ones (new)). Our results confi...

This study is a review of the main issues in public audit. The theoretical concepts of operation, organizational differences, national and regional peculiarities, visions of specialists in the field, etc. are investigated. Practically all states in the world have institutions or commissions with the ability to check the bodies that work with public...

This chapter reviews the literature on some of the subfields of economic and financial crime. Among the topics discussed are tax evasion, bribery, money laundering, and corruption in general. The determinants of financial crime are also identified. Several demographic variables are also examined to determine whether gender, age, education, income l...

This chapter discusses the conclusions and recommendations resulting from the study. A series of infographs is included to summarize the results of the study using a format that makes it easy for the reader to understand.KeywordsFinancial crimeRomaniaSurvey resultsCorruptionTax complianceMoney laundering

This chapter discusses the methodology used in the study and how the data were gathered. A questionnaire was distributed to 1856 Romanians comprising a wide range of demographic variables, including gender, age, education level, professional status, and geographic region of the country.KeywordsSurveyRomaniaDemographic variablesTax complianceCorrupt...

This chapter discloses and discusses the results of the study. The first objective of the study consisted of finding the main patterns that characterize the Romanian community, related to the level of tax compliance, attitude of citizens toward accepting cheating on taxes, the perception of corruption level in the Romanian public institutions, the...

This chapter discusses the methodology used in the study and how the data were gathered. A questionnaire was distributed to 1,856 Romanians comprising a wide range of demographic variables, including gender, age, education level, professional status and geographic region of the country. JEL classification: H26, D73, G18

This chapter discloses and discusses the results of the study. The first objective of the study consisted of finding the main patterns that characterize the Romanian community, related to the level of tax compliance, attitude of citizens towards accepting cheating on taxes, the perception of corruption level in the Romanian public institutions, the...

This chapter reviews the literature on some of the subfields of economic and financial crime. Among the topics discussed are tax evasion, bribery, money laundering and corruption in general. The determinants of financial crime are also identified. Several demographic variables are also examined to determine whether gender, age, education, income le...

This chapter discusses the conclusions and recommendations resulting from the study. A series of infographs is included to summaries the results of the study using a format that makes it easy for the reader to understand. JEL classification: H26, D73, G18

The aim of this study was to determine the financial crime community pulse in Romania. For this purpose a survey questionnaire was distributed to 1,856 respondents between May 27th - June 6th 2022. The first objective of our study consists in finding the main patterns that characterize the Romanian community, related to the financial crime percept...

Continuing the study on the line of deepening the factors that favor and enhance the underground economy, we propose an analysis of how it manifests itself at national level, related to the European context, aiming to find effective solutions to reduce and keep the informal economy within reasonably accepted limits, there can be no question of its...

Cartea „Ghid pentru analiza-diagnostic a stării financiare” se dorește a reprezenta o lucrare de referință pentru economiștii din mediul de afaceri și cel academic, oferind garanţia dobândirii de competenţe actualizate în materie de analiză-diagnostic a stării financiare a unei entități economice. Am structurat lucrarea în două părți care cuprind...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

: 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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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;...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

In this paper, the authors present several aspects regarding the options of the decision makers in the case ofinvestment decision. Thus we stress the main correlations and indicators that the investor has to analyse carefullywhen he desires to develop a business, to maintain a business or to retire from a business.

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...

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...

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...

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...

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...

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...

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...

To evaluate the financial condition and performance of a company the financial analyst needs certain yardsticks. The yardstick frequently used is a ratio, or index relating two pieces of financial data to each other. When comparing changes in the business's ratios from period to period, you can pinpoint improvements in performance or developing pro...

In the present the authors show the modalities of analysis the cash – flow statement, based on an specific indicators system.

Incomplete observations of matings and uncertainty about which male's sperm is responsible for fertilization have traditionally made paternity difficult to document in field research. Modern genetic methods, combined with field data, now facilitate assigning paternity in many species. I investigated male reproductive success in white-tailed deer (O...

To evaluate the functional integration of neonatal dopaminergic transplants within host brain we studied the postsynaptic effects induced by their stimulation by following the expression of immediate early genes c-fos, c-jun and egr-1. This study was conducted nine months after the intrastriatal implantation of embryonic mesencephalic neurons to ra...

After presenting a case of cecal herniation into the lesser sac, the authors have reviewed the hernias through the foramen of Winslow. There are three types according to the segment involved in the hernia: small bowel, cecum, transverse colon. Conditions that predispose to this type of herniation include: enlarged foramen of Winslow, absence of fus...

The authors describe the appearance on ultrasound of subcapsular hematoma of the liver in three newborn babies. Ultrasound is able to rapidly confirm the diagnosis suspected clinically. The clinical picture is that of shock and abdominal distension appearing after a free interval. The authors reviewed the causes that favor the appearance of this ra...

In the paper the authors show a new method of computing and a system of indicators in order to analyze the cash-flow statement of a company.