No abstract

In conventional systems of prospect logistics, the flow starts from the raw material provided by suppliers, then manufactured parts and components for assembly of the end product which goes to consumers, and, when fully used can be recycled. The reverse logistics disposed of products eligible for repair, alteration, distribution of the parts, that can be reused as a raw material to be recycled for future use. It also generates the side products (hazardous waste, packaging, etc.). Reverse logistics provides companies with revenues and strategic benefits. Companies whose products are subject to regeneration can save up to 60 % of the estimated cost of a completely new product.

The influences resulted from the strategy of sustainable development of a country represents a challenge for both the research and all those interested. This paper researches how the non-financial information is relevant in reflecting the sustainability of Romanian economic entities’ performances. In this context, reference is made to the Bucharest Stock Exchange (BVB) and to the extent that the economic entities listed at the stock exchange draft sustainable reports in compliance with the international reporting requirements. The hypotheses formulated are related to the specific characteristics of the economic entities listed on the BVB. The research was done on a sample consisting of all economic entities contained by the International Reporting System of Issuers (IRIS) platform of the BVB, the sustainable reporting was analysed through the Pearson correlation coefficient and the ANOVA test. Following the research, results were obtained that made it possible to validate/invalidate the hypotheses. One of the specific characteristics that has been noted refers to the size of the economic entity; this has been shown to influence the extent to which the sustainable report drafted complies with the requirements of the international reporting frame.

In the present article, the authors aim to highlight the importance of turning into monetary units the action program of the mines, as they are currently facing a major problem regarding the maintaining of a balance between their expenses and incomes, because the expenses for the realization of their production highly exceed the level of their incomes coming from the achieved production sale. Starting from the state-of-the-art in the literature on cost-based budgeting in the mines, the present study focuses on the present situation of the coal region known as Jiului Valley. Actually, the authors propose a cost budgeting model -as a means of control for the management -based on the example of the mines of Jiului Valley. The research in the field has been the basis of the applicative study, and it has been able to prove the viability of organizing the management accounting of the Romanian mines, in order to improve their performances. At the end of the present article, the authors express their conclusion regarding the importance of extending the successful implementation of cost budgeting in the companies of the entire country.

Financial information is used primarily with the aim of predicting the profitability of companies. In order to achieve this goal, the information user resorts to fundamental analysis tools which seek to determine the intrinsic value of an asset, submitting for analysis determinant factors of performance such as earning, expenses and profits. By comparing the intrinsic value to the market price, the investor has to make a rational decision. The present study follows the stock performance evolution of OMV Petrom S.A. on the Bucharest Stock Exchange during 2004-2013, in order to identify the main factors which impact share price and the price to book ratio with the central objective of disclosing the importance of combined analysis of stock performance indicators and financial reports, so that company performance is depicted according to reality.