This paper examines the importance of openness for attracting Foreign Direct Investment (FDI) inflows, using a sample of 36 developing economies for the period 1990-2008. It provides a direct test of causality between FDI, openness and other key variables in developing regions of the world:...

This paper investigates the reaction of Greek banks’ stocks to three major international terrorist events (September 11 2001 attacks in New York, Madrid train bombing in March 11, 2004 and London train bombing in July 7, 2005). Using event study methodology and market model, this study finds...

The Greek banking landscape has experienced substantial changes and restructuring since the mid 1990s. This paper examines the financial performance and the implications of Greek banks’ mergers and acquisitions that took place during the period 1996-2009. With the use of event study...

This paper constructs an index for management competence. It tests the validity of this index in a sample of Greek listed firms. It is shown that management competence contributes significantly to sales growth, to firms’ shares return and profitability.

This paper seeks to explain the causes of turbulence in foreign exchange markets in selected transition Economies (Albania, Belarus, Bulgaria, Croatia, FYROM, Moldova, Romania and Ukraine), by using a set of CATREG models and introducing explanatory variables, not directly associated with the...

The purpose of this paper is to empirically implement a comprehensive analytical framework of financial performance in the case of Greek industrial firms during the period 1997-2004. The paper examines the impact of key determinants of firms’ financial performance. We distinguish between...

The purpose of this study is twofold. First, to conceptualize various internal, external and strategic factors explaining the motivation and the marketing strategy of Greek exporting firms based on a strategic management model. Second, to empirically test this model in the case of Greek...

The purpose of this paper is to use socioeconomic indicators for analyzing convergence among Greek regions since 1960. We use two alternative approaches. The first one is based on the coefficient of variation and the second one on quality of life rankings. We confirm the decline of regional...

This paper is devoted to Greece's national competitiveness in relation to renewable energy production enterprises from solar. Applying Porter's diamond model on renewable energy enterprises, we should take into account regional or local factors due to the dependency of those companies on natural...

Since 1981, Greece has been a major recipient of EU funds. Brussels has commissioned a large number of studies to assess the impact of these funds on the Greek economy and society. The authors of this volume do not replicate these reports. Instead, they raise questions that are often overlooked...