Conference Program Section A Accounting and Finance Section B Economy and Regional Development Section C Management and Marketing Section D Social Sciences and Humanities First Day - 06 november 2008 Time Activity Place 08.30 - 09.00 Participants registration IBIS Hotel Hall 09.00 - 10.00 Opening Plenary Traian Conference Room and Decebal Conference Room 10.00 - 10.30 Coffee Break IBIS Hotel Hall 10.30 - 12.00 Plenary Session Traian Conference Room and Decebal Conference Room 12.00 - 12.30 Coffee Break IBIS Hotel Hall 12.30 - 14.00 Panel Session: Section A and Section B Section A - Traian Conference Room Section B - Decebal Conference Room 14.00 - 18.00 Visit* Murfatlar Winery * Traditional Romanian Food, wine tasting, Romanian folk music Second Day - 07 november 2008 Time Activity Place 09.00 - 09.30 Participants registration IBIS Hotel Hall 09.30 - 11.00 Panel Session: Section B and Section C Section B - Traian Conference Room Section C - Decebal Conference Room 11.00 - 11.30 Coffee Break IBIS Hotel Hall 11.30 - 13.30 Panel Session: Section B and Section C Section B - Traian Conference Room Section C - Decebal Conference Room 13.30 - 14.30 Lunch IBIS Restaurant 14.30 - 16.30 Panel Session: Section A and Section D Section A - Traian Conference Room Section D - Decebal Conference Room 18.30 Festive Dinner Perla Restaurant in Mamaia Third Day - 08 november 2008 Time Activity Place 09.00 - 11.00 Panel Session: Section B and Section C Section B - Traian Conference Room Section C - Decebal Conference Room 11.00 - 11.30 Coffee Break IBIS Hotel Hall 11.30 - 13.30 Panel Session: Section B and Section C Section B - Traian Conference Room Section C - Decebal Conference Room 13.30 - 14.30 Lunch Rustic Restaurant Plenary Session Paper Title Authors Institution INNOVATION IN FINANCIAL MANAGEMENT SOLUTION - ORACLE PERSPECTIVE ELENA MICU Oracle Romania ENVIRONMENTAL MANAGEMENT ACCOUNTING IN MALAYSIA: A PRELIMINARY STUDY MALIAH SULAIMAN NORSYAHIDA MOKHTAR International Islamic University, Malaysia HOW WELL PREPARED ARE THE NEW MEMBER STATES TO ABSORB THE EU FUNDS? REFLECTIONS ON THE ADMINISTRATIVE CAPACITY DANIELA-LUMINIŢA CONSTANTIN Bucharest Academy of Economic Studies, Romania FINANCIAL SUPPORT FOR THE ROMANIAN AGRICULTURE IN THE PERIOD 2007-2013 LETITIA ZAHIU ANCA DACHIN Bucharest Academy of Economic Studies THE IMPACT OF THE U.S. HOUSING BUBBLE ON THE GLOBAL ECONOMY JON L BRYAN Bridgewater State College, USA 06.11.2008 12.30 – 14.00 Traian Conference Room Hotel IBIS Constanta Section A. Accounting and Finance Topics: Capital Market, Fiscal Taxation, Public Finance, Managerial Accounting Chair: Professor Toma Marin Paper Title Authors Institution THE FINANCIAL SYSTEM AND ITS EFFECT ON THE ECONOMY OF ALBANIA LUCIANA KOPRENCKA SHERIF BUNDO University “Ismail Qemali”,Vlore, Albania University of Tirana, Tirane, Albania TAX SYSTEM AND TAXES ADMINISTRATION IN ALBANIA -VAT (VALUE ADDED TAX) ONE OF THE MOST IMPORTANT TAXES VALBONA GJINI University “Ismail Qemali”,Vlore, Albania THE ACCOUNTING IMPORTANCE IN THE DECISION MAKING YLLDEZE SOKOLI University “Ismail Qemali”,Vlore, Albania VOLUNTARY COMPLIANCE: TAX EDUCATION PREVENTIVE SITI NORMALA SHEIKH OBID International Islamic University Malaysia CONSIDERATIONS ON THE FORMATION OF A COMPETITIVE LENDING POLICY OF COMMERCIAL BANKS IN BULGARIA DANCHO PETROV Varna University of Economics, Bulgaria FINANCIAL LITERACY AND INVESTMENT DECISION OF UAE INVESTORS AL ANOOD BIN KALLI HUSSEIN A. HASSAN AL-TAMIMI Abu Dhabi Securities Market University of Sharjah, United Arab Emirates COST-EFFICIENCY OF MORTGAGE IN FOREIGN CURRENCY ANNA BIAŁEK-JAWORSKA University of Warsaw, Poland ROLE OF INVESTMENT PROPERTY VALUATION IN A COMPANY FINANCIAL STATUS IMPROVEMENT ANNA BIAŁEK-JAWORSKA University of Warsaw, Poland METHOD OF DETERMINING COMPANY’S FINANCIAL CYCLE OF LIFE USING LOGISTIC AND LOG-LOGISTIC FUNCTION RAFAŁ SIEDLECKI Wrocław University of Economics, Poland MICRO AND MACROECONOMICAL EFFECTS OF TAX POLICY MIHU STEFAN „Spiru Haret” University, Romania THE COST-VOLUME-PROFIT IN THE DECISION MAKING PROCESS ELENA IATAN AVRIGEANU ANDREEA „Spiru Haret” University, Romania THE INFRASTRUCTURE INFLUENCE ON THE DEVELOPMENT OF THE RURAL-URBAN REPORTS GEORGETA BUMBAC „Spiru Haret” University, Romania IFRS VERSUS XBRL LIANA ELEFTERIE CLAUDIU CHIRU „Spiru Haret” University, Romania 06.11.2008 14.30 – 16.30 Traian Conference Room Hotel IBIS Constanta Section A. Accounting and Finance Topics: Capital Market, Fiscal Taxation, Public Finance, Managerial Accounting Chair: Professor Toma Marin Paper Title Authors Institution A HISTORICAL VIEW TOWARDS THE NORMATIVE REGULATION FOR EVALUATION OF LONG-TERM ASSETS OF BULGARIA NEDYALKA ALEXANDROVA BOGDANOVA Varna University of Economics, Bulgaria THE CHANGES IN THE TAX ADMINISTRATION OF BULGARIA FOR THE PERIOD 1998 – 2008 AND PROSPECTS FOR DEVELOPMENT HRISTOSKO IVANOV BOGDANOV Varna University of Economics, Bulgaria GROWTH AND INFORMAL FINANCE NEXUS: MICROECONOMETRIC EVIDENCE ON BRAZILIAN MICRO AND SMALL ENTERPRISES ABUBAKR SAEED INGO SCHEUERMANN School of management Blekinge Tekniska Högskola, Karlskrona, Sweden Aalen University, Germany THE EVOLUTION OF CORPORATE GOVERNANCE COMPLIANCE REPORTING IN TURKEY GULER ARAS OZLEM KUTLU SADIYE OKTAY Yildiz Technical University, Istanbul, Turkey THE EMU IS DONE.HOW ABOUT THE FISCAL UNION AND THE NEXT FUTURE OF THE UNITED EUROPE ? LIVIU C ANDREI National School of Political Sciences and Public Administration. Bucharest, Romania INDIAN CAPITAL MARKET: A BOOMING SECTOR RAJ KUMAR Banaras Hindu University, India MAY THE BEST WIN?DECENTRALIZED EU FUND ASSIGNMENT HANS DUBOIS Kozminski Business School, Warsaw, Poland FISCAL PARADISES – INVESTORS’ OPPORTUNITIES FOR TAX DIMINISHING ALINA BRATU SILVIU BRATU „Spiru Haret” University, Romania ENTERPRISE FINANCIAL STRUCTURE AND IMPLICATIONS OF THE CAPITAL COSTS IN OPTIMISATION OF THIS RESOURCES ALINA BRATU SILVIU BRATU „Spiru Haret” University, Romania AN EMPIRICAL STUDY ON RISK-RETURN TRADEOFF USING GARCH-CLASS MODELS: EVIDENCE FROM BUCHAREST STOCK EXCHANGE CRISTIANA TUDOR Bucharest Academy of Economic Studies, Romania THE IMPACT OF TRADING VOLUME ON STOCK RETURNS AND VOLATILITY ON THE ROMANIAN CAPITAL MARKET CRISTIANA TUDOR Bucharest Academy of Economic Studies, Romania INTERNAL AND FINANCIAL AUDITING DIFFERENCES AND SIMILARITIES GEORGIANA SUSMANSCHI CLAUDIA BORSAN „Spiru Haret” University, Romania INTERNATIONAL FINANCING TECHNIQUES ACHIMESCU GEORGETA VERIŞAN CRISTINA-ALINA „Spiru Haret” University, Romania PUBLIC FINANCE IN POLAND, ROMANIA AND EUROPEAN COUNTRIES IN 2007 – GENERAL SITUATION KOWALIK PAWEŁ Wrocław University of Economics, Poland ITHE FINANCIAL RELATIONSHIP BETWEEN ACCOUNTING REALITY, CREATIVE ACCOUNTING, AND OUTCOME MANAGEMENT GHEORGHE DUMITRU „Spiru Haret” University, Romania THE PARAMETERS THAT INFLUENCE DECISIONS IN THE FIELD OF PROPERTY - A CASE STUDY: LIQUIDATION ANALYSIS DRAGOMIR ROBERT GABRIEL TASCOVICI DALIANA ECATERINA „Spiru Haret” University, Romania THE METHODS OF FINANCIAL VALUATION OF BRANDS KOVÁCS KÁRMEN University of Pécs, Hungary EVALUATING RISK MANAGEMENT AND CORPORATE GOVERNANCE IN INTERNAL AUDITING MIRCEA BOULESCU „Spiru Haret” University, Romania