ISSN 2066-0855 Journal of Academic Research in Economics (JARE) appears under the auspices of Spiru Haret University, Constanta branch. Academic and financial support is provided by the Accounting and Financial Management faculty of the university. The journal addresses scholars (professors and researchers) and prac- titioners who work in the field of economics or business. The research areas of the papers can comprise a wide range of subjects in economics: Management, Marketing, Finances, Ac- counting and other interdisciplinary subjects. Our aim is to constantly be a proven source of accurate information within the aformentioned fields. We strongly encourage the young students enrolled in different Master and PhD academic programs to publish in our journal results of their research projects. All articles submitted to our journal are peer-reviewed to ensure that high quality scientific material is published. Topics may include: Management Information Systems; Global Business; Marketing Theory and Application; Accounting; Economics; Finance and Investment; General Management; General Business Research; Business & Economics Education; Production/Operations Management; Organizational Behavior and Theory; Strategic Management Policy; Labor Relations; Technology and Innovation; Business Entrepreneurship; Also we are open to all other contributions and topics which highly interfere with these main objectives.