Cristi Spulbar

Bio: Cristi Spulbar is an academic researcher from University of Craiova. The author has contributed to research in topics: Stock market & Business. The author has an hindex of 11, co-authored 65 publications receiving 308 citations.

How COVID-19 has shaken the sharing economy? An analysis using Google trends data

Abstract: COVID-19 pandemic has disrupted the economies around the world and the economic fallout from preventive measures such as lockdown is enormous. It has massive repercussions for the sharing economy a...

Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0

Abstract: The purpose of the present paper is to provide an advanced overview of the practical applications of Banking 4.0 in Industry 4.0. This paper examines the technology trends in the Fourth Industrial Revolution and identifies the key indicators behind the creation of a strategic map for the fourth-generation banks and their readiness to enter Industry 4.0. This paper examines a systematic review of fully integrated Banking 4.0 and the application of the technologies of Industry 4.0 and illustrates a distinct pattern of integration of Banking 4.0 and Industry 4.0. One of the prominent features of this article is the performance of successful global banks in applying these technologies. The results showed that Banking 4.0 in Industry 4.0 is an integrative value creation system consisting of six design principles and 14 technology trends. The roadmap designed for banks to enter Industry 4.0 and how they work with industrial companies will be a key and important guide.

An Examination of Banks’ Cost Efficiency in Central and Eastern Europe

Abstract: Using a heteroscedastic stochastic frontier model, we will investigate the commercial banks cost efficiency differences in six emerging countries from Central and Eastern Europe over the period 2005 to 2011. Also, we will highlight the determinants of banks cost efficiency. Our analysis is important because, the efficiency of commercial banks became essential for banks stability. The results showed that a high macroeconomic stability supports the efficiency of commercial banks. Also, banks which undertake higher risks are more inefficient. Therefore, banks with less liquidity, with a lower solvency rate and a higher credit risk are more inefficient than more cautious credit institutions. By analyzing the evolution of the cost index, we have noticed that the banks from all the banking systems included in our study managed to increase the level of efficiency until 2008. The year 2009 brought upon it a decrease of the efficiency for the banks from Poland, Romania, Russia and Hungary. At the same time, for the banks from Bulgaria and the Czech Republic we can notice a stagnation of the efficiency index.

Ranking of Sustainable Medical Tourism Destinations in Iran: An Integrated Approach Using Fuzzy SWARA-PROMETHEE

Abstract: Today, medical tourism is one of the fastest growing sectors of the tourism industry around the world. Medical tourism can contribute to the sustainable development and economic dynamism of countries. Therefore, in this study, we prioritize the world’s leading countries in medical tourism for Iranians. First, five main criteria and 20 sub-criteria were selected, which are the reasons for choosing a country as a medical tourism destination. In this paper a combined fuzzy SWARA-PROMETHEE approach was used to prioritize tourism destinations. The acronym PROMETHEE stands for Preference Ranking Organization Method for Enrichment Evaluation method and represents an useful MCDA (Multi-Criteria Decision Analysis) tool. On the other hand, SWARA acronym means Step-wise Weight Assessment Ratio Analysis. The criteria were weighted using the fuzzy SWARA approach. In the following, using the PROMETHEE approach, we prioritized eight countries as tourism destinations, then we identified criteria related to sustainability of medical tourism destinations and prioritized medical tourism destinations using these criteria as the contributions of this paper. The weights obtained for criteria “Abilities of skilled staff,” “Applied medical equipment,” “Marketing capability,” “Type of service provided,” and “Application of information and communications technology” were 0.176, 0.232, 0.108, 0.395, and 0.089, respectively. The results show that medical tourism destination priorities for Iranians are India (Phi = 0.1396), Malaysia (Phi = 0.1128), Panama (Phi = 0.0976), Mexico (Phi = 0.0790), Singapore (Phi = 0.0096), Taiwan (Phi = −0.0442), Brazil (Phi = −0.1747), and Costa Rica (Phi = −0.2196), respectively. Negative Phi values indicate below average performance of those countries and positive Phi values indicate above average performance of those criteria. The results indicate that countries with negative Phi values should be strengthened relative to the improvement of some criteria.

The impact of online reviews on e-commerce sales in India: a case study

Abstract: Customers can choose to buy products online without certain sensory experiences, such as touching, smelling or tasting. Consequently, product reviews are extremely important to implement online mar...

The Lexus and the Olive Tree

Abstract: (2000). The Lexus and the Olive Tree. Journal of Economic Issues: Vol. 34, No. 1, pp. 232-234.