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...

Identifying, assessment and prioritization of risks, followed by economical implementation of resources in order to minimize, monitor and control the probability or impact or unfortunate events or maximizing the opportunities is what we call risk management. Through different methods,...

The economic crisis has emphasised the fragility of the pension system in Romania. The ageing tendency of our country’s population completes the already bleak economic picture concerning the pension system. Romania’s situation is not unique, it is found in most developed European states, in...

The effects of the financial crisis that began in 2007 are still being felt in the global economy. Despite the fact that its low point was apparently reached, the economic recovery will last long, with an economic growth below potential and a gradual decrease of unemployment over several years....

Ensuring the soundness of public finance and, implicitly, the sustainability of public debt, represents a major concern of public authorities in every country, including at European level. The literature suggests and practice confirms the possibility of using budgetary policy rules as a tool for...

Although affected by the crisis, in a lesser extent than developed countries, Romania can find the strength to recover by giving greater importance to agriculture, by implementing a coherent set of measures to support production and productivity of this sector. Regarded from a traditional...

The paper deals with the effects of the present global crisis on the most important world economic forces, in order to explain that the present framework is a wrong one. The research is focused on …aspects: the evolution of the EU, USA, China and Japan economies, the change of the leader...

Under the impact of all the tensions generated by the global financial crisis that degenerated into an economic crisis, the EU is subject to new tests of strength, due to increased risk of sovereign debt of the countries belonging to the PIIGS Group. The year 2011 had a maximum strength for the...

Everyone, whether they be private individuals or companies, are potential tax payers to the state so long as they receive revenues within its territory, which is why they need to have solid financial knowledge. The multiple legislative transformation within the financial arena, brought about by...