ENTROPIC SHOCKS IN THE SUSTAINABLE DEVELOPMENT OF A COMPANY

Mihail Dimitriu (dimitriu689@gmail.com), Silviu Marius Seitan, Mihai Vincentiu Ivan, Tudor Ciumara (tudor@ciumara.ro), Nicoleta Mihaila, Silvia Elena Isachi, Roxana Stefanescu, Tatiana Puiu, Stela Toader, Ramona Floarea, Radu Floarea, Andreea Simona Melnic, Angela Popescu, Iuliana Predescu, Radu Tasca, Ioan Ciochina Barbu, Marian Fotache, Antoniu Predescu, Lucian Anton, Violeta Urban, Alina Picu, Marinela Geamanu, Laurentiu Diaconu Novac and Raluca Marangoci
Additional contact information
Silviu Marius Seitan: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Mihai Vincentiu Ivan: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Nicoleta Mihaila: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Silvia Elena Isachi: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Roxana Stefanescu: Spiru Haret University, Bucharest, Romania
Tatiana Puiu: George Bacovia University, Bacau, Romania
Stela Toader: Romanian-American University, Bucharest, Romania
Ramona Floarea: George Bacovia University, Bacau, Romania
Radu Floarea: George Bacovia University, Bacau, Romania
Andreea Simona Melnic: George Bacovia University, Bacau, Romania
Angela Popescu: Spiru Haret University, Bucharest, Romania
Iuliana Predescu: Romanian-American University, Bucharest, Romania
Radu Tasca: George Bacovia University, Bacau, Romania
Ioan Ciochina Barbu: George Bacovia University, Bacau, Romania
Marian Fotache: George Bacovia University, Bacau, Romania
Antoniu Predescu: Spiru Haret University, Bucharest, Romania
Lucian Anton: George Bacovia University, Bacau, Romania
Alina Picu: Spiru Haret University, Bucharest, Romania
Marinela Geamanu: Spiru Haret University, Bucharest, Romania
Laurentiu Diaconu Novac: George Bacovia University, Bacau, Romania
Raluca Marangoci: George Bacovia University, Bacau, Romania

Studii Financiare (Financial Studies), 2012, vol. 16, issue 1, 144-165

Abstract: The research project aims to analyse the influence of the natural, economic and social shocks on the accomplishment of the objectives of sustainable development at the microeconomic level. The implementation of the proposals and solutions delivered by the research project may improve the mechanism of state intervention into the economy and may support the business environment to counteract the adverse effects of the present economic and financial crisis. The topic of sustainable development is debated in the literature only tangentially for the microeconomic level, in relation with environmental protection and without in-depth analysis of the implications of the development of this concept on the strategies, policies and tactics at the company level. The problems related to the impact of shocks on company activity are also approached using the shocks from the natural environment. However, the manifestation of the present economic and financial crisis showed that the economic theory and practice do not have a proper set of instruments for intervention against shocks other than those from the natural environment. The concept of entropy is properly developed theoretically, but the problem of the correlations and interferences with the sustainable development of the company and the shocks from the natural, economic and social environment are yet to be approached by the economic theory and practice.

Keywords: sustainable development; economic shocks; entropy; system; economic processes modelling (search for similar items in EconPapers)
JEL-codes: G32 G34 L21 O12 O44 Q56 Q57 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:16:y:2012:i:1:p:144-165

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