The purpose of this study is to examine the cash conversion cycle as an indicator of the company’s liquidity, to determine the relationship of the cash conversion cycle with the current and the quick ratios and with its component variables, and to investigate the implications of the cash...

This study investigates the relationship of the intellectual capital of a company (proxied by its intangible assets), with leverage and equity and capital structure. Our empirical results indicate that there is a negative relation between the intellectual capital (intangible assets) of a company...

Modern Portfolio Theory associates the stock market risk with the volatility of return. Volatility is measured by the variance of the returns' distribution. However, the investment community does not accept this measure, since it weights equally deviations of the average returns, whereas most...

This paper analyzes market efficiency (EMH) with the day-of-the-week effect and the changes that might appear after the outbreak of the COVID-19 pandemic, based on the example of the OMX Exchange and its indices. Before the pandemic, only the OMX Baltic All-share index was efficient; during the...

This study investigates the relationship of the intellectual capital of a company (proxied by its intangible assets), with leverage and equity and capital structure. Our empirical results indicate that there is a negative relation between the intellectual capital (intangible assets) of a company...

The new challenge before today's CEOs and executives is to realize that intellectual property (patents, trademarks and copyrights) are not only legal matters but also corporate finance matters. They are the assets that enhance corporate value and offer the company a new competitive advantage....

From the beginning of 2020, the whole world has been shaken by a contagious disease called Covid-19, its actual name being SARS-CoV-2. It first appeared in China, in Wuhan, Hubei Province, in December 2019, and the World Health Organization (WHO) was informed about it on the 31st of December...

Our study examines the presence of the day-of-the-week effect anomaly in the Central and Eastern European stock markets. We consider the Romanian, Hungarian, Latvian, Czech, Russian, Slovakian, Slovenian and Polish stock markets during the period September 22, 1997 to March 29, 2002. Our results...

This paper examines the importance of Foreign Direct Investment (FDI) on economic growth. Using a panel data set for 27 transition economies over the period 1991-2004 as well as the methodology of panel cointegration and causality tests, the empirical findings show that FDI does exhibit a...