NEW CHALLENGES FACED BY EUROPEAN COMPANIES AND THEIR STAKEHOLDERS

Dinu Vlad Sasu (), Mihaela Mocanu () and Claudia-Maria Bobe ()

Annals of Faculty of Economics, 2010, vol. 1, issue 1, 565-569

Abstract: The European Union is currently affected by the financial crisis that spread internationally. The member states face difficulties such as price volatility, uncertainties, liquidity issues, cases of bankruptcy, increased unemployment rate, and decreasing GDP. The present paper analyses the challenges faced under these new circumstances by the European companies and their stakeholders. By taking into consideration the threats and weaknesses faced by firms and other interested parties, we emphasize the importance that transparency and communication among companies and their stakeholder have in overcoming financial difficulties.

Keywords: economic turmoil; stakeholders; communication; challenges; corporate governance (search for similar items in EconPapers)
JEL-codes: G30 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2010:i:1:p:565-569

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