New Challenges Faced by European Companies and their Stakeholders

PhD Student Bobe Claudia-Maria, Costantin Roman and PhD Student Mocanu Mihaela ()
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PhD Student Mocanu Mihaela: Academy of Economic Studies Bucharest

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 1431-1435

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 between companies and their stakeholder have in overcoming financial difficulties.

Keywords: GDP; financial difficulties; stakeholders; creditors. (search for similar items in EconPapers)
JEL-codes: G3 G31 G38 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:1:p:1431-1435

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