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Entropic Shocks In The Sustainable Development Of A Company

Author

Listed:
  • Dimitriu, Mihail

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian AcadCamelia)

  • Seitan, Silviu Marius

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Ivan, Mihai Vincentiu

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Ciumara, Tudor

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Mihaila, Nicoleta

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Isachi, Silvia Elena

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Stefanescu, Roxana

    (Spiru Haret University, Bucharest, Romania)

  • Puiu, Tatiana

    (George Bacovia University, Bacau, Romania)

  • Toader, Stela

    (Romanian-American University, Bucharest, Romania)

  • Floarea, Ramona

    (George Bacovia University, Bacau, Romania)

  • Floarea, Radu

    (George Bacovia University, Bacau, Romania)

  • Melnic, Andreea Simona

    (George Bacovia University, Bacau, Romania)

  • Popescu, Angela

    (Spiru Haret University, Bucharest, Romania)

  • Predescu, Iuliana

    (Romanian-American University, Bucharest, Romania)

  • Tasca, Radu

    (George Bacovia University, Bacau, Romania)

  • Ciochina Barbu, Ioan

    (George Bacovia University, Bacau, Romania)

  • Fotache, Marian

    (George Bacovia University, Bacau, Romania)

  • Predescu, Antoniu

    (Spiru Haret University, Bucharest, Romania)

  • Anton, Lucian

    (George Bacovia University, Bacau, Romania)

  • Urban, Violeta

    (George Bacovia University, Bacau, Romania)

  • Picu, Alina

    (Spiru Haret University, Bucharest, Romania)

  • Geamanu, Marinela

    (Spiru Haret University, Bucharest, Romania)

  • Diaconu Novac, Laurentiu

    (George Bacovia University, Bacau, Romania)

  • Marangoci, Raluca

    (George Bacovia University, Bacau, Romania)

Abstract

The research project aims to analyse the influence of the natural, economic and social shocks on the accomplishment of the objectives of sustainable development at the microeconomic level. The implementation of the proposals and solutions delivered by the research project may improve the mechanism of state intervention into the economy and may support the business environment to counteract the adverse effects of the present economic and financial crisis. The topic of sustainable development is debated in the literature only tangentially for the microeconomic level, in relation with environmental protection and without in-depth analysis of the implications of the development of this concept on the strategies, policies and tactics at the company level. The problems related to the impact of shocks on company activity are also approached using the shocks from the natural environment. However, the manifestation of the present economic and financial crisis showed that the economic theory and practice do not have a proper set of instruments for intervention against shocks other than those from the natural environment. The concept of entropy is properly developed theoretically, but the problem of the correlations and interferences with the sustainable development of the company and the shocks from the natural, economic and social environment are yet to be approached by the economic theory and practice.

Suggested Citation

  • Dimitriu, Mihail & Seitan, Silviu Marius & Ivan, Mihai Vincentiu & Ciumara, Tudor & Mihaila, Nicoleta & Isachi, Silvia Elena & Stefanescu, Roxana & Puiu, Tatiana & Toader, Stela & Floarea, Ramona & Fl, 2012. "Entropic Shocks In The Sustainable Development Of A Company," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 16(1), pages 144-165.
    • Handle: RePEc:vls:finstu:v:16:y:2012:i:1:p:144-165
    as

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    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf/vol16i1p144-165.pdf
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    References listed on IDEAS

    as
    1. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
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    More about this item

    Keywords

    sustainable development; economic shocks; entropy; system; economic processes modelling;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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