This study compares the level of value added and productivity generated by the companies activating in the water and wastewater sector and investigates their determinants. To this end, we perform a panel data analysis over the period 2007 to 2014 using firm-level data. We include in our analysis nine public companies located in four counties inside the West Region of Romania, namely Arad, Caraș-Severin, Hunedoara and Timiș. We compare a classic Pooled OLS, a fixed effect and a random effect estimator. Our static analysis shows that the value added is mainly explained by the operating revenue, profit margin and liquidity ratio. While the size of the companies positively influences the level of value added, the consumers wealthy, measured in terms of GDP per capita, has no clear influence. It appears that regional operating companies perform better compared with small firms acting at local level. A similar result is recorded when we estimate the drivers of the productivity level, measured in terms of value added per employee. We conclude that the economies of scale recorded by companies located in the main cities of the region, and an adequate financial management of these companies, both contribute to enhancing their economic performances.
Environmental management accounting (EMA) is a relatively new tool in environmental management. EMA can be defined as the identification, collection, estimation, analysis, internal reporting, and use of information regarding materials and energy flow and environmental costs for both conventional and environmental decision-making process within an organisation. Thus, EMA incorporates and integrates two of the three milestones of sustainable development (environmental and economics dimensions), as they relate to an organisation’s internal decisional process.
The motivation of this paper derives from the lack of integrated research and structures for managerial training and consultancy regarding the environment responsibility for eco-business. Also, the research underline the need of training and consultancy for eco-business in industrial small and medium size enterprises (SME) from the West part of Romania. The main aspects that were investigated were: the most needed items regarding the training programs, details about the consulting items that are most needed, all with impact on the improving of the companies' eco-efficiency parameters. This will have a direct impact on the companies' competitiveness growth through the human resources development, too.
The scope of the paper is to analyze the efficiency of investment in irrigation project. Specific themes analyzed are related to the study of irrigation investments and the efficiency of their settlement. Another nowadays problem is linked by major climate change that affect agriculture sector efficiency in general. Finally, the paper aims recommendation and solutions for financial and project management and for increase public administration efficiency facing worldwide major problems regarding scarcity and resources.
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