Timisoara Journal of Economics and Business 2018-08-14T22:12:07+03:00 Mihaela NEAMȚU Open Journal Systems <p><a href="../../../../">Timisoara Journal of Economics and Business</a> (formerly <a href="" target="_blank" rel="noopener">Timisoara Journal of Economics</a>, 2008-2012) is a peer-reviewed on-line journal open to high-quality papers from all fields of modern economics and business. The journal will release two issues per year, one in June and one in December. The journal focus is on empirically oriented papers. However, good review papers or high quality theoretical contributions are welcomed as well.</p> <p>ISSN 2286-0991; ISSN–L 2286-0991</p> <hr> <article class="obj_article_details"> <div class="row"> <div class="entry_details"> <p><a title="Link TJEB on De Gruyter Open" href=";result=1" target="_blank" rel="noopener"><strong><img title="De Gruyter logo" src="../../../../public/site/images/camelia-margea/De_gruyter.jpg" alt="De Gruyter Open logo" width="123" height="68"></strong></a></p> <a title="Link TJEB on De Gruyter Open" href=";result=1" target="_blank" rel="noopener"><strong>Timisoara Journal <br>of Economics <br>and Business</strong> <br>in DE GRUYTER OPEN</a><br>(since 2014)</div> <div class="main_entry"> <p><em>Timisoara Journal of Economics and Business</em> is covered by the following services:</p> <p>AcademicKeys; <a title="Baidu Scholar" href=";rsv_bp=0&amp;tn=SE_baiduxueshu_c1gjeupa&amp;rsv_spt=3&amp;ie=utf-8&amp;f=8&amp;rsv_sug2=0&amp;sc_f_para=sc_tasktype%3D%7BfirstSimpleSearch%7D&amp;rsv_n=2" target="_blank" rel="noopener">Baidu Scholar</a>; Cabell's Directory; Caboose Open Directory; <a title="CEJSH (The Central European Journal of Social Sciences and Humanities)" href="" target="_blank" rel="noopener">CEJSH</a>; Celdes; CNKI Scholar (China National Knowledge Infrastructure); CNPIEC; Directory of Science; <a title="DOAJ (Directory of Open Access Journals)" href="" target="_blank" rel="noopener">DOAJ</a>; EBSCO (relevant databases); EBSCO Discovery Service; EconBiz; <a title="Open source Economics articles Index" href="" target="_blank" rel="noopener">EconBib</a>; <a title="EconLit" href="" target="_blank" rel="noopener">EconLit</a>; EuroInternet; Genamics JournalSeek; <a title="Global Impact and Quality Factor" href="" target="_blank" rel="noopener">Global Impact Factor (GIF)</a>; Google Scholar; <a title="Index Copernicus" href=",p4074,3.html" target="_blank" rel="noopener">Index Copernicus</a>; J-Gate; JournalTOCs; Naviga (Softweco); NewJour – Electronic Journals &amp; Newsletters; <a title="Global Impact and Quality Factor" href="" target="_blank" rel="noopener">Open Academic Journals Index</a>; Primo Central (ExLibris); ReadCube; <a title="Research Papers in Economics (RePEc)" href="" target="_blank" rel="noopener">RePEc</a>; ResearchGate; <a title="SearchWorks catalog" href="" target="_blank" rel="noopener">Stanford University Libraries</a>; Summon (Serials Solutions/ProQuest); TDOne (TDNet); Ulrich's Periodicals Directory/ulrichsweb; <a title="WorldCat (OCLC)" href=";referer=brief_results" target="_blank" rel="noopener">WorldCat (OCLC)</a></p> </div> </div> <p>&nbsp;</p> </article> A user perspective on the vulnerabilities of smart watches: is security a concernu 2018-08-01T14:16:28+03:00 Georgescu Mircea Daniela Popescul <p>Nowadays, we are witnessing a serious gain in popularity of the wearable smart things. A triumphalist language referring to their benefits can be noticed in mass media, revealing the hype in their adoption. Multiple advantages are perceived by the consumers, and work as positive drivers in the wearables market. Yet, there is little awareness regarding their privacy and security – such concerns are constantly expressed by academia, but usually ignored by buyers and manufacturers. Therefore, the purpose of this paper is to provide some preliminary insights into how do the users perceive vulnerabilities as interferences, frequent disconnections, hardware and software malfunctions, improper/difficult configuration etc. of hand worn devices. The analysis was realized by means of netnography, using, the oldest and largest ecommerce site in Romania as online source. Inspired by a similar study conducted by (Genaro Motti &amp; Caine, 2016), we selected and reviewed 931 comments posted by the buyers of the ten most popular smart watches, in order to identify the hardware, software and connectivity problems they faced while using the devices and to assess the awareness of the buyers to security and privacy issues. Also, an overview of the privacy and security policies published by selected smart watches’ manufactures was made, and some conclusion regarding the recommended future actions for wearable buyers, sellers and manufacturers were presented.</p> 2018-07-11T11:54:36+03:00 ##submission.copyrightStatement## Foreign ownership and financial disclosure in Central and Eastern Europe 2018-08-01T14:16:29+03:00 Alina Taran Ammar Zahid Marilena Mironiuc <p>It is recognized that multinational corporations (MNC) have played a significant role in the recent worldwide accounting reform. This study aims to explore and analyse the influence of foreign ownership and MNC on financial disclosure practices of listed companies from Central and Eastern European countries (CEE), as an evidence of their contribution to regional financial reporting development. Moreover, the opposite effect, the role of disclosure in attracting foreign investments is investigated. These associations were empirically tested through fixed effects panel analysis conducted for 2005-2015 period, in the context of partial IFRS adoption in CEE. It was found that foreign shareholders may determine a change in disclosure practices of their investees due to their monitoring tendencies and need of comparability of financial information. Furthermore, foreign corporate owners have to impose their own reporting policies which may diminish the extent of disclosure of foreign subsidiaries. On the other hand, foreign investors do not seem sensitive to individual items changes in reported information, these evidences raising questions regarding the purpose and impact of disclosure on financial markets. Questioning the importance of financial disclosure, this study may give a signal to standard-setters about reporting practices at regional level. Adding an original empirical contribution to reporting behaviour and corporate transparency literature by providing evidences from CEE countries, the present study invites to further research on reporting practices of companies with foreign ownership.</p> 2018-08-01T00:00:00+03:00 ##submission.copyrightStatement## Family ownership and firm performance: Romania versus Germany 2018-08-14T22:12:07+03:00 Milena-Jana Schank Aurora Murgea Cosmin Enache <p>This paper examines the impact of ownership’s type (more precise the impact of the family ownership) on the firm’s financial performance for a sample of 1,161 Romanian companies and 1,342 German companies, in a time frame that range from 2008 to 2015. The main findings show very different results for the two considered countries. Financial performance, expressed as return on assets (ROA) and return on equity (ROE) seems to be insensitive to family ownership in Romanian companies and statistically positively correlated with it for German ones. A potential explanation for these outputs consists in the different development circumstances in the two countries in the period that forego the Second War. Other variables considered do not show significant differences in outcome between the two countries: size, age, capital intensity and leverage negatively influence the financial performance of companies.</p> 2018-08-01T13:55:42+03:00 ##submission.copyrightStatement## Imperative of exchange rates policy and industrial growth in Nigeria: a time series analysis 2018-08-01T14:16:29+03:00 Olatunji A. SHOBANDE <p>This paper looks at the impact of exchange rate policy on industrial growth in Nigeria between 1981 and 2016. The study employed the Vector Error Correction Model (VECM) techniques, following the results of Johnansen Cointegration techniques that shows the existence of long run relationship among the variables considered. While, VECM estimates showed that money supply (monetary policy) impacted positively effects, evidence on, TAX (fiscal policy) impacted negative on industrial growth. Besides, the Exchange rate and Inflation impacted negatively on industrial growth., suggesting that the issue of stability remained a challenge unresolved by the Apex bank. The emanating policy antidotes are that there is urgent need to use proactive monetary policy through money supply to speed up the rate of industrial growth on one hand, while providing tax incentive to various industrial good that can further have enhanced the contribution of the sector to industrial growth on the other. In all, the need to align the objective of exchange rate policy with broader macroeconomic goals is necessary for effective policy transmission mechanism to speed up the rate of industrial progress in the country.</p> 2018-08-01T13:57:13+03:00 ##submission.copyrightStatement##