IDEAS home Printed from https://ideas.repec.org/h/lum/prchap/05-05.html
   My bibliography  Save this book chapter

Economic Laws, Necessities or Obstacles for Growing Companies?

In: 10th LUMEN International Scientific Conference Rethinking Social Action. Core Values in Practice | RSACVP 2018 | 20-21 April 2018 | Suceava – Romania

Author

Listed:
  • Valentin Calinovici

    (PhD student, Faculty of Philosophy, University of Bucharest, Romania)

Abstract

The objective of this paper is to discuss about economic laws in relation with companies development. They surely exist in every country, in different manners. It is important to understand if they are really important in the process of developing a company, or they are simply obstacles. In 2001, Enron was recording the biggest bankruptcy, at that moment, in the USA history. Soon after that, Sarbanes-Oxley Law was implemented very quickly for all the companies in USA. The purpose of the law was to avoid another similar case of Enron to happen in the American economy. But was that fair for all other thousands of companies from SUA to be obliged to pay for the implementation of such a drastic law? Up until this law exists, most of them had a good trajectory of development, not to mention that they were ethical and legal in procedures. It is important for a company to have laws created by the state in order to have a good development? Where is the liberty offered by the state to companies in order to develop in a libertarian manner? Is there any? In this project I want to discuss about the importance of the Sarbanes-Oxley law in SUA based on empirical data collected from different books and specialist analysis. The aim of this paper is to emphasize the importance of the economic laws for the life of a company in a long term vision. In particular, I will argue that the economic laws can be considered obstacles and necessities.

Suggested Citation

  • Valentin Calinovici, 2018. "Economic Laws, Necessities or Obstacles for Growing Companies?," Book chapters-LUMEN Proceedings, in: Antonio SANDU & Tomita CIULEI (ed.), 10th LUMEN International Scientific Conference Rethinking Social Action. Core Values in Practice | RSACVP 2018 | 20-21 April 2018 | Suceava – Romani, edition 1, volume 5, chapter 5, pages 49-57, Editura Lumen.
    • Handle: RePEc:lum:prchap:05-05
    DOI: https://doi.org/10.18662/lumproc.34
    as

    Download full text from publisher

    File URL: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings/article/view/37/37
    Download Restriction: no
    File URL: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings/article/view/37
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.18662/lumproc.34?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Code of ethics; utility; time; influence; relation;
    All these keywords.

    JEL classification:

    • A3 - General Economics and Teaching - - Multisubject Collective Works
    • I2 - Health, Education, and Welfare - - Education
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lum:prchap:05-05. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Antonio Sandu (email available below). General contact details of provider: https://proceedings.lumenpublishing.com/ojs/index.php/lumenproceedings .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.