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In order for a company to develop, it needs to be innovative. However, the company must first reach the right level of employment and turnover. In turn, in order for a company to reach this appropriate level, sufficient capital resources are necessary. A private equity…

The growing trend for globalisation changes the way companies organise themselves and their way of acting, and impels them to consider the development of their activities in the international trade. This paper revises the main contributions regarding the debate on the internationalisation of companies. Considering…

The subprime crisis brought new challenges for the European countries that’s why this study examines the relationship between banking sector development, stock market development and economic growth, using annual data, for the period 1990-2015, in twelve European Countries (Austria, Belgium, Finland, France, Germany, Greece, Ireland,…

Innovation occupies an important place among factors determining the competitiveness of enterprises.  In the context of turbulent environment, research on enterprise innovation emphasizes the fact that innovation processes can no longer focus only on internal knowledge. Innovative processes of modern enterprises are increasingly open to…

In a context of asserted competition, political decision-makers in charge of territorial destiny can no longer resolve to “do things well”, they must ‘do the right things”, those that will be the most structuring and the most determining for the future of the territory. They…

The importance of knowledge for the functioning of modern enterprises has been raised in a number of research and scientific studies. Despite the great interest in the subject of knowledge, there is still a lack of clear, unified foundations in knowledge management, especially in small…

This research investigates the impact of demographical factors and cardholders’ attributes on their credit card spending and accumulation of loyalty points; after the introduction of a loyalty program.This study consists of a sample of 507 active bank clients over a period of 2 years (since…

Purpose: The Analysis of the accumulated foreign experience and Russian practices shows that the most relevant institution of all the institutional interactions between the government and the private companies is the partnership institution remarkable for the combination of the institutional parity, autonomy of will, participants’…

Indonesia, as the country richest in cultural resources in ASEAN, has opportunities to maintain its cultural resources and thereby increase tourism, and hosting cultural events is one of the ways to do so. Alluring events can motivate one to leave one’s place, visit the place…

This paper investigates the influence of service recovery in the consumer's complaint intention to obtain benefits on the cruise industry. The research model proposed and tested empirically was based on a sample of 164 cruise vacationers who had experiences of a past  service failure. The…