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New Challenges Faced by European Companies and their Stakeholders

Author

Listed:
  • PhD Student Bobe Claudia-Maria
  • Professor, PhD Roman Costantin
  • PhD Student Mocanu Mihaela

    (Academy of Economic Studies Bucharest)

Abstract

The European Union is currently affected by the financial crisis that spread internationally. The member states face difficulties such as price volatility, uncertainties, liquidity issues, cases of bankruptcy, increased unemployment rate, and decreasing GDP. The present paper analyses the challenges faced under these new circumstances by the European companies and their stakeholders. By taking into consideration the threats and weaknesses faced by firms and other interested parties, we emphasize the importance that transparency and communication between companies and their stakeholder have in overcoming financial difficulties.

Suggested Citation

  • PhD Student Bobe Claudia-Maria & Professor, PhD Roman Costantin & PhD Student Mocanu Mihaela, 2010. "New Challenges Faced by European Companies and their Stakeholders," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1431-1435, May.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:1431-1435
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    More about this item

    Keywords

    GDP; financial difficulties; stakeholders; creditors.;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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