Bankruptcy prediction and the understanding of the causes for economic failure have a financial utility. The purpose of this study is to compare the predictive power, on the Romanian market, of the most popular bankruptcy models considering the firms listed on the BSE during 2007-2011. Using the...

In the current climate, more and more companies are faced with multiple failures, which are the basic problem that crisis management must resolve. In situations of economic decline, the need for change at the organizational level is imperative to facilitate the recovery of a company. This study...

The need to change the labor legislation has been determined by that the old regulations no longer met the economic and social realities of Romania and also was taken in agreement with the IMF. The new Labor Code seeks flexible working relationships and stimulating business environment, while...