Managers make different decisions in countries with poor protection of investor rights and poor financial development. One possible explanation is that shareholder-wealth maximizing managers face different tradeoffs in such countries (the tradeoff theory). Alternatively, firms in such countries...

The accounting information offer is influenced, on the one side, by external factors and their pressure on the accounting system, and on the other side by the way in which the accounting information is regulated and developed. According to economic theory, the demand for accounting information...

The intangible assets are increasingly considered the ultimate roots of company’s performance. The recent global financial crisis has awakened everyone associated with the field of management and accountancy. The importance and attractiveness of accounting numbers (earnings, dividends, and...

The current paper emphasizes, besides the definitions specific to the public debt concepts, the government public debt and the local public debt, as well as some data related to the gross government debt, in accordance to the European Union methodology, the analysis of influencing the economic...

In this study we are going to showcase the best known performance management tools. All the tools used in evaluating performance must guarantee a global vision on the activity, as well as providing us with an outline of the synergies, a formalization of the relationships between action and...

We analyzed the evolution of systematic risk (beta) for a sample of 436 non-financial companies from five Central and Eastern European countries for the period 2002- 2012. We found that Polish companies present the higher systematic risk, while Latvian companies, on average prove to be less...

Access to finance remains one of the fundamental problems of Romanian companies, influencing the continuity of their economic activity and determining the maintenance of their long term commercial relationships. This paper aims to reflect the links and influences between business cycle and...

Financing through a bank loan, commercial or other type of financing can be quite costly for a micro-enterprise or an SME, therefore accessing funding through the Community initiative JEREMIE can prove its usefulness. Thus, in this article we will present modus operandi of the program JEREMIE...

This paper`s target is to point the role of political risk in international affairs. Despite the fact that now we live in a globalized world the reality shows that national borders still matters. In this context, multinational companies face a lot broader types of risk when they invest abroad....

This paper aims to synthesize the debates concerning the development of the financial systems and the direct foreign investments in promoting the economic growth. The present work wants establish a connection between the development of the financial systems and the economic growth. Recent...