Gabriela Prelipcean

By Gabriela Prelipcean and Mircea Boscoianu

Part of the book: Efficient Decision Support Systems

By Gabriela Prelipcean and Mircea Boscoianu

Part of the book: Decision Support Systems

By Gabriela Prelipcean, Anamaria Bucaciuc and Mircea Boscoianu

Romanian social enterprise sector had a typical development in the Eastern European countries, emerging from state’s role to withdraw from solving social problems, caused by the fall of communism, in comparison to the case of Western European countries where social enterprises emerged from active effort of the state to promote social enterprises as a solution to its massive economic problems. We are trying to understand the way social enterprises developed and which is their current status in Eastern Europe in comparison with the Western Europe, to further explore the sector’s evolvement in Romania. We have analyzed an important turning point for Romanian social enterprises, represented by the entrance into force of the Law on Social Economy. Largely, this chapter wishes to explore the potential social enterprises can have in the Romanian economic, political, and social environment newly regulated by the Social Economy Law. In order to achieve this, a series of case studies has been carried on with Romanian social enterprises. Attention has also been paid to the way theory of dynamic capabilities can be applied in the case of social enterprises and to policy recommendations, which would facilitate the transformation of potential to visible impact.

Part of the book: Social Enterprise

By Gabriela Prelipcean and Alexandra Ungureanu

Economists anticipate the future of the economy based on objective analysis, but for these forecasts to be taken into consideration by the economic environment, they must be founded on knowledge of the processes that drive rational expectations and opportunity decision-making. Due to these factors, the chapter we propose examines the emergence of these opportunities as a consequence of economic progress occurring primarily in innovation-based economies. Firstly, entrepreneurial opportunities are significantly influenced by innovation, as a result of both the numerous inventions produced by local entrepreneurs in developing economies and the entrepreneurial practices of those in advanced economies, where innovative concepts are generated and then exported to emerging economies to be implemented in particular local environments. Secondly, there are several different circumstances in which entrepreneurs innovate. A significant focus has been given to the SME sector over the last decade since it dominates emerging economies and contributes to development, but not to its maximum potential due to unique innovation challenges; lastly, strong institutional environments and efficient innovation systems are required to generate opportunities since they have a significant impact on entrepreneurs’ innovative behavior and assist in explaining why individuals with basically similar characteristics act differently in various contexts.

Part of the book: Entrepreneurship

By Gabriela Prelipcean and Mircea Boscoianu

Alternative investment vehicles (AIVs) are an innovative organizational form of financing providers that provide opportunities for developed markets. The objective of this chapter is to deeply understand both the capabilities of different types of AIVs (crowdfunding, business angels, venture capital/private equity funds, and hedge funds) and the possibility of being efficiently integrated within the frontier or emerging markets, with a special focus on venture capital funds (VCFs). This topic is very important in the actual context of market turbulences and multiple crises. Following the medical COVID-19 crisis, institutional interferences have proved to be efficient in balancing the short-term situation. Nevertheless, long-term imbalances have manifested as such following the supply chain turmoil as a result of the increased inflation especially after the outbreak of the war in Ukraine. The present turbulent setting has become even more complicated due to both the energy crisis and the recent banking crises and by high and persistent inflation. The financing of innovative and entrepreneurial firms is significantly influenced by the current context. Therefore, the VCFs could have a major contribution in identifying new strategies in adjusting the financing mechanisms and the nature of governance to the ongoing markets’ dynamics.

Part of the book: Investment Strategies - New Advances and Challenges [Working title]