This paper offers analysis of corporate governance issues behind stock market performance (stock returns and activity … level of shadow economy (60%), weak macro-economic situation in the country and imperfect Corporate Governance framework. In … market of Moldova. However, these funds, being established in the years of mass privatization for vouchers (bonds) have not …

in governance. Its significance has broadened geographically as well as across different sectors. It has been observed … existing literature on transparency in finance and governance, indicates remaining knowledge gaps, and offers some hypothesis … adequate enforcement. The last section elaborates on the concomitant link between financial markets and governance, discussing …

This paper studies the time-variant interactions among US stocks, emerging market bonds and US low-grade corporate … bonds. All of these assets are characterized by a similar average return, but returns are far from being perfectly …

A family of credit risk models is proposed to capture three salient features of Latin American (LA) Sovereign Bond … nineties is measured. Among others, the results suggest that the response of bond spread changes to volatility shocks is not … high and the magnitude of the risk premia for investing in these bond markets is substantial. Our suggested family of …