Facilitating Public Audit Understanding at the Community Level

The problems which European Union is faced with, in terms of public finance, determines the extremely important place of the European Court of Auditors (ECA) in the EU institutional system. From year to year, since the debut of ECA (1975), the EU budgetary management was improved and the European citizen

Assessment of Recovery of Damages in the New Romanian Civil Code

The subject’s approach is required also because, once adopted the New Civil Code, it acquired a new juridical frame, but also a new perspective. A common law creditor who does not obtain the direct execution  of his obligation is entitled to be compensated for the damage caused by the non-execution

Corruption – a Major Global Problem

Corruption in the public sector is seen by citizens and public authorities as a major problem for the of system integrity across Europe. The aim of the work was to perform a comparative analysis in terms of corruption in EU globally in 2014, with emphasis on institutionalized corruption. Variables were

CSR: a National and International Perspective

Corporate Social Responsibility has been around for a long time and seems to have a timeless concern for reputation, ethics and values of a Corporation; however, the modern and the scientific era of CSR began with the outstanding contribution of the landmark work entitled, Social Responsibilities of the Businessman by

Black-Scholes Formula – a Heston Approach

In this paper we will compare Black-Scholes formula with a particular case of Heston formula, both solutions of the same problem. Bogdan Patrut, Tiberiu Socaciu https://www.edusoft.ro/brain/index.php/brand/article/view/477 Articles on the web Get Python Programming Bootcamp 2.0 Now To Learn This Language In A Fast And Efficient Way

Dynamics of the Number of Participants in the Second Pillar of Mandatory Private Pension of Romania During May 2008 – November 2014The demographic problems faced by the pension system in Romania and those related to insufficient funds to pay pensions accounted for the reasons that there were introduced in 2007, private pensions, under a new pension system built on three pillars, state pillar and two private pillars. The initial membership of participants periods to the market of mandatory private pension funds lasted four months, taking place in the period September, 17, 2007 – January 17, 2008. At the end, 4,156,316 people were registered to the 18 pension funds initially authorized of which 322 706 participants were randomly assigned. In this article we propose an analysis of how it evolved the number of participants in Pillar II of mandatory private pensions in Romania in the period following the initial accession, following these aspects: total number of participants enrolled in the Register, the number of participants with individual contributions, the number of participants with contributions paid in the current month, the number of participants with contributions paid in the current month, the number of participants without contributions, the number of participants randomly assigned, the number of participants in Pillar II grouped by age and by gender.

The demographic problems faced by the pension system in Romania and those related to insufficient funds to pay pensions accounted for the reasons that there were introduced in 2007, private pensions, under a new pension system built on three pillars, state pillar and two private pillars. The initial membership of

Pricing in Multi-Heston Framework (I). Riccati Equations

This article presents the ultimate in resolving a pricing framework’s multi-Heston. Basically, we use the theorem Carr-Bakshi-Madan and a characteristic function method. In this first part, we integrate solutions of Riccati equations. Tiberiu Socaciu https://www.edusoft.ro/brain/index.php/brand/article/view/478 \   Articles on the web Published / Preprint: An Analysis of the Heston Stochastic

Mediation: the Wise Advocacy

Adversarial litigation is not the only means of resolving disputes and settling of claims. There are various options. Alternative means of dispute resolution can save money and time, and can help to anchor and resolve the dispute while exploring valuable good offices, amicable approaches and facilitation. Mediation, as used in

The Role of the Penalty Clause in Business

The interest in this topic is determined, on one hand, by the way of interpreting the provisions which regulate the contractual liability in general and of those regarding the penalty clause in particular, and, on the other hand, by the formulation of certain proposals de lege ferenda. By stipulating the penalty clause,