This study explores individual and country-level environmental drivers of informal "seed" investment. We examine four types of informal investors based on business ownership experience (or no such experience) and close family relationship with investee (or no such relationship): "classic love...

A Rostocki Egyetem Gazdaság- és Társadalomtudomanyi Kara, valamint a Pécsi Tudományegyetem Közgazdaságtudományi Kara oktatóiból alakult kutatócsoport, a DAAD/Magyar Ösztöndíj Bizottság (Eötvös József Közalapítvány) anyagi támogatásával 1998 óta vizsgálja a gazdaság...

While the importance and the popularity of indices able to capture complex categories and the multidimensional nature of a particular phenomenon have been increasing, most approaches are still not able to provide plausible policy recommendations. The Penalty for Bottleneck (PFB) methodology is...

This study explores individual and country-level environmental drivers of informal quot;seedquot; investment. We examine four types of informal investors based on business ownership experience (or no such experience) and close family relationship with investee (or no such relationship):...

It is not a surprise that informal investment is a widespread phenomenon in the developed countries with long experience in market economy practices. But what about is informal investment in countries that started economic transition just a decade ago? Present study investigates the influential...

Results and models of this paper are based on a strikingly new empirical observation: long maturity forward rates between bilateral currency pairs of the US, Germany, UK, and Switzerland are stationary. Based on this result, we suggest a new explanation for the UIP-puzzle maintaining rational...

Results and models of this paper are based on a strikingly new empirical observation: long maturity forward rates between bilateral currency pairs of the US, Germany, UK, and Switzerland are stationary. Based on this result, we suggest a new explanation for the UIP-puzzle maintaining rational...