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New Challenges Faced by European Companies and their Stakeholders

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Author Info

  • PhD Student Bobe Claudia-Maria
  • Professor, PhD Roman Costantin
  • PhD Student Mocanu Mihaela

    ()
    (Academy of Economic Studies Bucharest)

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.

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File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumatemai2010.pdf
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Bibliographic Info

Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

Volume (Year): X (2010)
Issue (Month): 1 (May)
Pages: 1431-1435

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Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:1431-1435

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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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Related research

Keywords: GDP; financial difficulties; stakeholders; creditors.;

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