Determinants of Sustainable Performance
and Convergence with EU Agenda 2030:
The Case of Romanian Forest Enterprises

Socoliuc, Marian; Grosu, Veronica; Cosmulese, Cristina Gabriela; Kicsi, Rozalia

doi:10.15244/pjoes/110757

Cited by 4 publications

(3 citation statements)

References 14 publications

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“…In terms of risk indicators, it is the second in order of influence on the sustainability of the analyzed companies, having a positive influence. This influence was also confirmed by other works from various fields, having a general applicability (Socoliuc et al, 2020b;Mihaila and Grosu, 2020;Sadiq et al, 2022). In general, an increase in liquidity implies a reduction in risks, which translates into an increase in sustainability for almost any type of economic activity.…”

Section: Resultssupporting

confidence: 75%

Financial sustainability of oil and gas companies—basis for building resilience strategies

Grosu

Tiron-Tudor

Socoliuc

et al. 2023

Front. Environ. Sci.

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The crisis situations that have affected the oil and gas market have had a significant impact on the companies’ performance from this sector and especially on their customers. In these circumstances, many companies faced increasing difficulties and in some cases, in order to survive, they had to restructure their business or even leave the market. Considering this context, this kind of situations are also manifesting in Romania where we can identify companies facing the erosion of their competitive position, with economic, financial and capital consequences, while other companies still managed to react positively to the crisis generated by the energy sector through innovation and internationalization. This article analyses the sustainability of the operational activity of oil and gas extraction companies from Romania, based on financial and economic data and information, having the aim of investigating the way in which the performance of different markets has influenced the economic and financial results and consequently, the implications of this influence for the structure of the activity and on the financial-economic sustainability. The research methodology is specific to a quantitative research, based on a sample of financial and economic data reported by all 29 oil and gas extraction companies from Romania over the period of 2008–2022. The data collected from the financial reports formed the basis for the calculation of the financial indicators and ratios considered relevant in forecasting the economic and financial sustainability of these companies. The results obtained are materialised in the development of a model whose aim is to assess the financial and economic sustainability, its independent variables being grouped into performance, activity and risk indicators. The usefulness of the results obtained is relevant both for the companies concerned and for their customers and suppliers who will show a visible dependence on energy costs, but also for investors and financiers directly interested in performance and sustainability information, on the basis of which they will determine the value of their own economic benefits.

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Section: Resultssupporting

confidence: 75%

Financial sustainability of oil and gas companies—basis for building resilience strategies

Grosu

Tiron-Tudor

Socoliuc

et al. 2023

Front. Environ. Sci.

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“…No doubt that investors will be highly interested in the renewable energy costs and in the way they will affect their profits, yet, at the same time, the concern for ensuring the sustainability of their investments will become a top priority when it comes to the protection of the environment and to setting in place of the organisational policies which will show the community their best intentions (Socoliuc et al, 2018;Socoliuc et al, 2020;Ciubotariu et al, 2021). Consequently, the findings of this paper reinforce the ideea that the investments in the renewable energy depend on the stability and the dependability of the regulatory framework characterizing the renewable energy investments.…”

Section: Investors Perceptionmentioning

confidence: 99%

Critical Energy Minerals: A Material Enabler for Carbon Neutrality

2024

Frontiers Research Topics

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Frontiers is more than just an open access publisher of scholarly articles: it is a pioneering approach to the world of academia, radically improving the way scholarly research is managed. The grand vision of Frontiers is a world where all people have an equal opportunity to seek, share and generate knowledge. Frontiers provides immediate and permanent online open access to all its publications, but this alone is not enough to realize our grand goals. Frontiers journal seriesThe Frontiers journal series is a multi-tier and interdisciplinary set of openaccess, online journals, promising a paradigm shift from the current review, selection and dissemination processes in academic publishing. All Frontiers journals are driven by researchers for researchers; therefore, they constitute a service to the scholarly community. At the same time, the Frontiers journal series operates on a revolutionary invention, the tiered publishing system, initially addressing specific communities of scholars, and gradually climbing up to broader public understanding, thus serving the interests of the lay society, too. Dedication to qualityEach Frontiers article is a landmark of the highest quality, thanks to genuinely collaborative interactions between authors and review editors, who include some of the world's best academicians. Research must be certified by peers before entering a stream of knowledge that may eventually reach the public -and shape society; therefore, Frontiers only applies the most rigorous and unbiased reviews. Frontiers revolutionizes research publishing by freely delivering the most outstanding research, evaluated with no bias from both the academic and social point of view. By applying the most advanced information technologies, Frontiers is catapulting scholarly publishing into a new generation. What are Frontiers Research Topics?Frontiers Research Topics are very popular trademarks of the Frontiers journals series: they are collections of at least ten articles, all centered on a particular subject. With their unique mix of varied contributions from Original Research to Review Articles, Frontiers Research Topics unify the most influential researchers, the latest key findings and historical advances in a hot research area.

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Section: Investors Perceptionmentioning

confidence: 99%

Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis

et al. 2022

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Prior to the outbreak of the conflict in Ukraine, the European energy markets had already been in a profound state of crisis with prices reaching top levels and with minimum supplies. The cost of the energy has had a significant impact on the performance and the sustainability of the majority of the economic operators, most of them considering the overgrowth of the price of the energy and the raw materials as the main risks in terms of the short - term development of the operational activity. Given the current situation, the aim of the study is to identify new solutions to reduce the negative effects of the present day crisis on the Romanian economic operators. In this context, the study focuses on the following objectives: O1—estimating the social and economic effects on the economic operators as a result of the energy crisis; O2—identifying the key factors which make the economic operators switch from the traditonal resources consumption to the renewable energy consumption and O3 - analyzing the influence factors in stimulating the investments in the renewable energy. The research methods that have been used are based on the quantitative analysis with the help of a questionnaire applied to 264 Romanian production companies. The final results of the present study refer to designing an overall profile of the industrial consumers given the escalation of the energy crisis worldwide. The findings of the study can be useful both for the final energy consumers and for the producers and distributors alike and ultimately for the European and national legislators whose decisions are closely related to the very future of these economic entities.

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Determinants of Sustainable Performance and Convergence with EU Agenda 2030: The Case of Romanian Forest Enterprises

Cited by 4 publications

References 14 publications

Financial sustainability of oil and gas companies—basis for building resilience strategies

Financial sustainability of oil and gas companies—basis for building resilience strategies

Critical Energy Minerals: A Material Enabler for Carbon Neutrality

Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis

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