IDEAS home Printed from https://ideas.repec.org/a/vls/finstu/v16y2012i1p144-165.html
   My bibliography  Save this article

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

    Download full text from publisher

    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf/vol16i1p144-165.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:fip:fedhep:y:2013:i:qii:p:30-46:n:vol.37no.2 is not listed on IDEAS
    2. Gedikoglu, Haluk & McCann, Laura M.J. & Artz, Georgeanne M., 2011. "Off-Farm Employment Effects on Adoption of Nutrient Management Practices," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 40(2), pages 1-14, August.
    3. Scherrer-Rathje, Maike & Boyle, Todd A. & Deflorin, Patricia, 2009. "Lean, take two! Reflections from the second attempt at lean implementation," Business Horizons, Elsevier, vol. 52(1), pages 79-88.
    4. Farrell, Terence C., 2008. "An Economic Evaluation of Conservation Farming Practices for the Central West of NSW," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6177, Australian Agricultural and Resource Economics Society.
    5. Felipe Jiménez & Wilmar Cabrera-Montiel, 2014. "System for Road Vehicle Energy Optimization Using Real Time Road and Traffic Information," Energies, MDPI, vol. 7(6), pages 1-23, June.
    6. J�r�me Massiani, Giovanni Santoro, 2012. "The relevance of the concept of capacity for the management of a tourist destination: theory and application to tourism management in Venice," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 66(2), pages 141-156.
    7. Vassili Joannides & N. Berland, 2008. "Grounded theory: quels usages dans les recherches en contrôle de gestion?," Grenoble Ecole de Management (Post-Print) hal-00676580, HAL.
    8. Gauguier, Jean-Jacques, 2009. "L’industrialisation de l’Open Source," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/4388 edited by Toledano, Joëlle.
    9. Adrian K. James & Ronald W. Thring & Steve Helle & Harpuneet S. Ghuman, 2012. "Ash Management Review—Applications of Biomass Bottom Ash," Energies, MDPI, vol. 5(10), pages 1-18, October.
    10. Hoen, K.M.R. & Güllü, R. & van Houtum, G.J. & Vliegen, I.M.H., 2011. "A simple and accurate approximation for the order fill rates in lost-sales Assemble-to-Order systems," International Journal of Production Economics, Elsevier, vol. 133(1), pages 95-104, September.
    11. Porro, Roberto & Lopez-Feldman, Alejandro & Vela-Alvarado, Jorge W., 2015. "Forest use and agriculture in Ucayali, Peru: Livelihood strategies, poverty and wealth in an Amazon frontier," Forest Policy and Economics, Elsevier, vol. 51(C), pages 47-56.
    12. Thierry Burger-Helmchen & Patrick Llerena, 2008. "A case study of a creative start-up: governance, communities and knowledge management," Journal of Innovation Economics, De Boeck Université, vol. 0(2), pages 125-146.
    13. TANASE, George Cosmin, 2011. "The Retail Growth Strategies on the International Market and the Global Development Opportunities for Retailers," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 2(4), pages 28-33, December.
    14. Burns, Christopher, 2014. "Measurement Error in the Schaefer Production Model," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170569, Agricultural and Applied Economics Association.
    15. Hutchinson, Michael & Bennett, Gregg, 2012. "Core values brand building in sport: Stakeholder attitudes towards intercollegiate athletics and university brand congruency," Sport Management Review, Elsevier, vol. 15(4), pages 434-447.
    16. Du, Ding & Huang, Zhaodan & Blanchfield, Peter J., 2009. "Do fixed income mutual fund managers have managerial skills?," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(2), pages 378-397, May.
    17. Peter Madsen, 2009. "Dynamic Transparency, Prudential Justice, and Corporate Transformation: Becoming Socially Responsible in the Internet Age," Journal of Business Ethics, Springer, vol. 90(4), pages 639-648, December.
    18. Alexander, Carol & Sheedy, Elizabeth, 2008. "Developing a stress testing framework based on market risk models," Journal of Banking & Finance, Elsevier, vol. 32(10), pages 2220-2236, October.
    19. Alan White & Howard Birnbaum & Dov Rothman & Nathaniel Katz, 2009. "Development of a budget-impact model to quantify potential cost savings from prescription opioids designed to deter abuse or ease of extraction," Applied Health Economics and Health Policy, Springer, vol. 7(1), pages 61-70, March.
    20. Parcu, Pier Luigi & Silvestri, Virginia, 2013. "Electronic communications regulation in Europe: An overview of past and future problems," 24th European Regional ITS Conference, Florence 2013 88509, International Telecommunications Society (ITS).
    21. Jean Bonnet & Nicolas Le Pape & Teresa Nelson, 2011. "Firm start-up strategies and performance in France: Survival and growth," Economics Working Paper Archive (University of Rennes & University of Caen) 201117, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vls:finstu:v:16:y:2012:i:1:p:144-165. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Mateescu (email available below). General contact details of provider: https://edirc.repec.org/data/cfiarro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.