Business Revolution in a Digital Era

1. Front Matter

   Pages i-ix

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2. Bad Counter Knowledge: Case Studies and Countermeasures

   • Ettore Bolisani, Juan-Gabriel Cegarra-Navarro

   Pages 1-13

3. Sources of Information Used by Teachers and Reseachers from Romanian Universities in the Knowledge Flows of Bioeconomy

   • Andrei Ștefan Neștian, Silviu Mihail Tiță, Alexandra Luciana Guță

   Pages 15-27

4. Regional Convergence in the European Union: A Success Story or an Unaccomplished Goal?

   • Dumitru Miron, Ana-Maria Holobiuc

   Pages 29-42

5. Systemic Risk Dynamics in the EU—A Conditional Capital Shortfall Approach

   • Cristina Georgiana Zeldea

   Pages 43-53

6. Nonrenewable Energy Prices and Stock Prices of EU Financial Companies: A Short Versus Long-Term Analysis

   • Alexandra Horobet, Georgiana Vrinceanu, Consuela Popescu, Lucian Belascu

   Pages 55-70

7. Designing Better Policies for a Cleaner Air: The Case of Electric Vehicles in Europe

   • Camelia Ghiurcă

   Pages 71-83

8. Outsourcing in International Business: Theoretical and Practical Insights

   • Alina Mihaela Dima, Adrian Tudor Tudorache, Monica Teodora Tudorache

   Pages 85-100

9. Sustainable Management of IT Enterprises

   • Florina Pînzaru, Wioletta Wereda, Ion Moldoveanu, Victor-Emanuel Ciuciuc

   Pages 101-113

10. Identifying Circular Business Models Through Traditional and Snowball Sampling

    • Daniela Staicu

    Pages 115-131

11. Structural Funds for the Business Environment: The Illusion of Reducing Disparities

    • Andrei-Alexandru Moroşan, Pavel Stanciu

    Pages 133-144

12. The Vulnerabilities of the Risk Assessment Model Elaborated by the Basel Committee for Banking Supervision

    • Paul Baranga, Iulian Zalinca

    Pages 145-157

13. Mission Statements in Top Higher Education Institutions—What Do They Have in Common?

    • Luminița Nicolescu, Gandolfo Dominici

    Pages 159-173

14. Role of Academic Leadership in Building an Open-Lab Teaching and Learning Strategy

    • Jose Luis Pau, Magdalena Iordache-Platis

    Pages 175-189

15. Intuitive Fuzzy Real Options in Digital Coaching for Strategic Investment Decisions

    • Jani Kinnunen, Irina Georgescu

    Pages 191-206

16. The Influence of Presence of Art in the Life of Individuals and Society

    • Iuliana Coman, Niculae Mihăiţă

    Pages 207-222

17. The Digital Effectiveness on Economic Inequality: A Computational Approach

    • Irina Georgescu, Jani Kinnunen

    Pages 223-239

18. Ensembles of Convolutional Neural Networks Trained Using Unconventional Data for Stock Predictions

    • Daia Alexandru, Stancu Stelian, Neamtu (Idorasi) Alina, Frode Aschim

    Pages 241-250

19. A Review and a Proposal About Socio-economic Impacts of Artificial Intelligence

    • Aysan Bashirpour Bonab, Ihor Rudko, Francesco Bellini

    Pages 251-270

20. An Econometric Analysis of the Relationship Between Tourist Arrivals in Tourist Accommodation Structures in Romania and the Number of Overnight Stays

    • Mihai Dinu, Simona Roxana Pătărlăgeanu, Marius Constantin, Adriana Tărăşilă

    Pages 271-285

This proceedings volume presents a selection of the best papers from the 14th International Conference on Business Excellence, Business Revolution in the Digital Era (ICBE 2020), held in Bucharest, Romania. The respective papers share the latest findings and perspectives on innovation in a turbulent business environment, and on improvements in economic, societal and technological structures and processes to help reach major sustainability goals.

• Innovation
• Knowledge economy
• Triple-helix model
• Digital transformation
• Fintech
• Digital society
• Data science

• Bucharest University of Economic Studies, Bucharest, Romania

  Alina Mihaela Dima

• Dipartimento di Management, Sapienza University of Rome, Rome, Italy

  Fabrizio D'Ascenzo

Alina Mihaela Dima is a Professor at the Faculty of Business Administration in foreign languages, Bucharest University of Economic Studies (Romania). She is the Vice-Rector for Scientific Research, Development and Innovation of the Bucharest University of Economic Studies and previously she was Director of the UNESCO Department for Business Administration. Her main research fields of interest are International Business, Competition Policy, European Integration, Higher Education. She is the Chief-Editor of the international  journal Management & Marketing. Challenges for Knowledge Society (Sciendo/De Gruyter) and the President of the association ‘Society for Business Excellence’. She was the editor of several international books, coordinator of national research projects and author of various papers published by prestigious international journals.


Fabrizio D’Ascenzo is the Dean of the Faculty of Economics and Professor of Production Management and ICT,University of Sapienza, Rome (Italy). Previously, he was Director of the Department of Management of the same University. He is Director of the Research Centre of Sapienza University “ImpreSapiens” and Delegate of the Rector for the relationships with companies. He is the Italian responsible for the Master course “Economy of enterprise, Quality and Innovation” conducted in partnership with the University of Economics (UNECON) of St. Petersburg in Russia and for the agreements of Sapienza with  the University MGIMO of Moscow and with the Bucharest University of Economic Studies. He has been the scientific director of the project “Campus Mentis” conducted by Sapienza University on behalf of the Italian Presidency of the Council of Ministers. He is author and co-author of more than two hundred books and papers published in Italy and abroad.

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