Scientific Bulletin 2024/Special

The food industry is among the oldest industrial branches and is of particular importance for the national economy due to the role it plays in ensuring the food security of the population. The food industry in Romania is characterized by diversity and a large number of economic agents. After integration into the European Union, the food industry in Romania has experienced a series of transformations imposed on the one hand by the high level of competition and on the other hand by strict regulations in the field. The paper aims to present an overview of the food industry in Romania and the analysis of the main indicators that reflect its performance.

The digital economy is transforming the IT industry into a key driver of global sustainability, and the integration of ESG (Environmental, Social, Governance) criteria is becoming essential. This paper analyses the mechanisms through which ESG influences the financial performance of IT companies, demonstrating that strategies such as reducing energy consumption, promoting diversity and ethical governance contribute to increased profitability and financial stability. The results indicate a positive correlation between ESG scores and financial indicators of companies in this sector.

The article explores the complexities and evolving dynamics of financial control in a globalized economic environment. It highlights how differences in regulatory frameworks, cultural approaches, and technological adoption across countries create significant obstacles for effective cross-border financial management. The study examines the impact of international regulations such as Basel III, IFRS, and EU directives on harmonizing financial control practices while addressing the challenges posed by jurisdictional inconsistencies and enforcement disparities. Additionally, the paper analyzes the role of advanced technologies, including artificial intelligence and blockchain, in overcoming these challenges by fostering transparency, real-time monitoring, and efficient cross-border coordination. Through a case study approach and a practical survey, the article provides insights into how multinational organizations navigate risks such as tax evasion, money laundering, and compliance gaps.In conclusion, the study emphasizes the need for enhanced international collaboration, standardized regulatory frameworks, and strategic integration of technology to improve the effectiveness of cross-border financial control. The findings offer valuable recommendations for policymakers, financial institutions, and corporate managers to address the growing complexity of financial oversight in an increasingly interconnected world.

The COVID-19 pandemic brought unprecedented changes to the global economy, forcing central banks to adopt expansionary monetary policies to counter recession. However, these measures, together with disruptions in supply chains and rising demand, contributed to the acceleration of post-pandemic inflation. This article analyzes the effect of monetary policies on global inflation, comparing responses in developed and emerging economies, and proposes recommendations for sustainable inflation management.

This study explores how artificial intelligence (AI) can revolutionize financial control, offering a modern approach to financial oversight and analysis. The use of AI in financial control enables the automation of repetitive processes, increases efficiency, and reduces human errors. The study highlights the benefits of employing advanced technologies, such as machine learning and predictive analytics, to improve the accuracy and speed with which financial risks and business opportunities are identified. It also discusses how AI can provide greater transparency and support strategic decision-making by delivering real-time financial insights. In conclusion, the study emphasizes the importance of adopting artificial intelligence to optimize financial control processes and enable more efficient and informed management of financial resources.

The circular economy is a sustainable alternative to the traditional linear model, especially in sectors with high environmental impacts such as the textile industry. This article analyzes the implementation of circular economy principles in the textile sector, assessing the associated benefits and challenges. By reducing waste, reusing materials and recycling fibers, the textile sector can make a significant contribution to conserving natural resources, reducing carbon emissions and improving economic efficiency. The study proposes practical recommendations for fully integrating the circular economy into the sector and highlights its impact on economic and environmental sustainability.

This article aims to highlight the criteria of ethics in the accounting profession, the way in which they influence the attitude and results of the professional accountant. Ethics is the foundation of the attitude that results in the professional performance of accountants, the way they relate to the profession they practice and how they meet the highest standards of professionalism and performance, and on the other hand, to satisfy the requirements of the public interest. Achieving the objectives requires the fulfillment of some basic requirements: credibility, professionalism, service quality and trust.

The concept of a rational investor is defined as the fact that investing individuals act based on a more fixed and straightforward idea. There are experts in the field of psychology who conduct detailed research on this subject by examining the behavior of individuals investing in Traditional Finance Theories. As a result of psychologists' studies, it is revealed that individuals who invest have personal biases and tendencies in their investment decisions. In this study, the relationship between behavioral finance and the biases of investing individuals in their investment decisions was reviewed.

In this study, the basic operating principles of participation banks, which have been operating in our country for more than thirty years and have been increasing their market share day by day, their fundamental and procedural differences from other banks, and the system that constitutes the investment processes of institutional and individual investors who cannot or do not want to utilise their savings in banking and capital market products and instruments due to interest sensitivity have been reviewed.