• Energy Research
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In the context of the globalization and internationalization of economies, to efficiently attract financial and intellectual capital that is necessary for business sustainability, the mechanisms of corporate governance have to be based on gaining the trust of all the interested parties. These objectives require an organizational culture and a climate which is based on correctness, responsibility, transparency, and efficiency, in which ethical principles govern the spread of behaviors in the entire entity. This research identifies the relation between the corporate governance and the entities’ financial performance using the specific context of Romania. The findings of this study reveal new insights on the corporate governance and financial performance based on a sample of companies listed on the Bucharest Stock Exchange. The results show a positive correlation between the net accounting results, earnings per share, and the duality of the CEO, and a negative correlation between price per share and the duality of the CEO.

The present study aims to demonstrate the significance of religious tourism and its impact on both the economy and socio-culture. Religious tourism provides a sacred and spiritual environment that has the potential to shape the motivational state of individuals searching for cultural and religious landmarks and destinations to support their spiritual well-being. Hence, it is imperative to maintain close relationships between religion, culture, and tourism as they play a crucial role in promoting spirituality and human development, particularly in the context of globalization and sustainable economic development. In the latter part of the paper, research was conducted to formulate strategies aimed at the development of religious tourism in the northeast region of Romania, which is an economically underprivileged area with significant untapped tourist potential. The findings suggest that via improvements in infrastructure, the creation of a favorable business environment, enhanced promotion, development of accommodation facilities, and improvement in services, the area can achieve a higher quality of life and sustainable development.

The aim of this study was to determine whether emotional labor behavior has an effect on job satisfaction, and if there is an effect, to reveal whether communicative rational action has a moderator effect. This research was carried out in the banking sector. The sample group consisted of administrators of foreign capital bank managers (427) at all levels in Turkey. The collected data were analyzed with the IBM SPSS 21 program. Multiple regression analysis and SPSS PROCESS v3.5 (model1) methods were used in the analysis. According to the analysis, the three sub-dimensions of communicative rational action (practical-rational action, rational communication, and rational action) have a moderator role in the effect of emotional labor and job satisfaction. The other two sub dimensions (value–rational–action and firm family) do not have a moderator role in this effect. In the analysis made according to the total score of communicative rational action, the moderator role of communicative rational action in the effect of emotional labor and job satisfaction was determined. As a result of the research and analysis, it was determined that emotional labor has a positive effect on the phenomenon of job satisfaction.

Automation and digitalization, as long-term evolutionary processes, cause significant effects, such as the transformation of occupations and job profiles, changes to employment forms, and a more significant role for the platform economy, generating challenges for social policy. This systematic literature review aims to provide an overview of the research to date related to influences of the Industry 4.0 Revolution on human capital development and consumer behavior. A search on the Web of Science identified 160 papers that met the inclusion criteria. The major objectives aimed to identify: the main types of influences of the Industry 4.0 Revolution on human capital development and consumer behavior; the main opportunities and challenges for new directions in education associated with shifting the work environment; and the drivers for human capital development and consumer behavior through the lenses of the Industry 4.0 Revolution. The results revealed some key aspects for the development of human capital: information, new jobs, the Internet, technology, training, education, new skills, automation, communication, innovativeness, professionals, productivity, artificial intelligence, digitalization, e-recruitment, and the Internet of Things, as well as the main drivers of consumer behavior: information, e-commerce, digitalization, the Internet of Things, e-distribution, technology, digitalization, automation, personalized, performance, artificial intelligence, behavior intention, e-shopping, and data mining.

Sugarcane is a lignocellulosic crop and the juice extracted from its stalks provides the raw material for 86% of sugar production. Globally, sugarcane processing to obtain sugar and/or ethanol generates more than 279 million tons of solid and liquid waste annually, as well as by-products; namely, straws, bagasse, press mud, wastewater, ash from bagasse incineration, vinasse from ethanol distillation, and molasses. If not properly managed, this waste will pose risks to both environmental factors and human health. Lately, valorization of waste has gained momentum, having an important contribution to the fulfillment of policies and objectives related to sustainable development and circular bioeconomy. Various technologies are well-established and implemented for the valorization of waste and by-products from sugarcane processing, while other innovative technologies are still in the research and development stage, with encouraging prospects. We propose a sustainable sugarcane processing flow and present an analysis of the physico-chemical characteristics of generated wastes and by-products. We emphasize the available possibilities of valorizing each waste and by-product, considering that they are important biomass resources for obtaining biofuels and a wide range of other products with added value, which will contribute to the sustainability of the environment, agriculture, and human health worldwide.

The decrease in greenhouse gas emissions by passenger cars is one of the key factors for climate protection measures. Besides EU strategies for low-emission mobility, policy makers must consider the behavioural factors of buyers. This study aims to cover this gap by investigating the relation between the national cultural dimensions (Hofstede model) and car adoption by fuel type in EU countries. This could help car sellers to find better solutions for advertising cars with medium and low greenhouse gas emissions. To find better ways to increase the usage of medium- and low-emission cars using targeted advertising, correlations and a multiple regression analysis were used. The results show that the consumer preference for one type of fuel is correlated with at least one of Hofstede’s six cultural dimensions: the power distance index; individualism versus collectivism; masculinity versus femininity; the uncertainty avoidance index; long-term orientation versus short-term normative orientation; indulgence versus restraint. The major conclusion of the study underlines that, with increases in the individualism versus collectivism and indulgence versus restraint scores, the usage of low- and medium-emission cars also increases, and with the increase in the power distance and uncertainty avoidance index, the usage of low- and medium emission cars decreases. At the same time, the driving preference for low- and medium-emission vehicles decreases with the tendency towards collectivism and restraint of EU countries.

European Union Directive 2009/28/EC established that the share of renewable energy in the final energy consumption should reach a target of 20% by 2020 in European Union (EU) countries. This study analyses the tendency of this share using data for EU 28, taken from the Eurostat database for the period 1995–2016. First, after a brief statistical and economic analysis of the three macroeconomic indicators at EU level, five regression models (polynomial, ARIMA) were used to estimate the evolution of the share of renewable energy consumption into the final energy consumption, all of them showing an increasing trend for this indicator. The positive impact of the EU Directive in increasing this share was proved by means of a perturbed regression model. Forecasts of this share for the 2020 horizon were obtained, all showing that the EU target is yet to be reached. Secondly, four groups of EU-countries were considered, according to the final energy consumption. Empirical estimations of renewable energy share into the final energy consumption showed increasing trend for all groups, while providing forecasts quite different from the EU ones. Also, economic interpretations of the results are performed.

The COVID-19 pandemic has brought rampant changes in skill needed in the labor market. It has accentuated technological disruption leaving millions in dire need of reskilling and upskilling. In this paper, we empirically analyze the impact of the COVID-19 pandemic related lockdown on the thrust of skills upgradation among people. By analyzing the Google trends data of 13 countries, we test the effect of the lockdown implementations on the urge to upgrade the skills through online searches for skills enhancement. Using difference-in-difference estimation approach, we found a substantial hike in the frequency of search terms related to skills upgradation. Our results suggest that people are utilizing the excess time, made available due to lockdowns, by exploring avenues to enhance their skills to accumulate human capital. The online educational platforms have been proven vital. The findings of this study establish the causal link between use of online education platforms and human capital development.