For the past years, information and knowledge are replacing capital and energy as the primary wealth-creating assets, generating a new type of economy, and called knowledge based economy (KBE), within knowledge management is the main instrument for the companies to obtain competitive advantage....

The world had to face last century a series of financial crashes which were felt more or less intense in every country. As the links between national economies became stronger, the consequences of the financial crises spread faster. Thus, giving both governments and citizens more reasons to...

Leasing is an important source of medium and long-term financing in developed economies and also in countries with transition economies because leasing is an economically-efficient solution to the question of asset acquisition. Leasing is particularly important in financing to small and...

The BET, CAC 40 and Dow Jones EURO STOXX 50 portfolios present the overall trend of the financial markets in Bucharest, Paris and Euro zone. In this paper we analyzed the returns of these portfolios, which allow us to emphasize the characteristics of the returns that can be obtained on those...

While performing its current activity, a company can face two types of risks: the operating risk and the financial risk. The combined effect of these risks obviously influences the shareholders’ earnings. In order to quantify this effect, we have used the degree of combined leverage,...

The current world wide economy met deep changes, especially in the last decades, changes which had major effects over business area. These determined the adoption of some decisions, at the level of main actors of economical life, which allow them to resist at new challenges. In this way,...

The project aims to create an econometric model which allows the forecasting of the evolution of Romania’s real economy, as well as the evolution of the system of Romanian financial markets. The study basis is represented by the assimilation of real economies with physics systems which are...

This paper investigates if Croatia would benefit from the introduction of euro. Croatia has been gravitating towards Europe for decades, especially towards Germany. The same period, until the introduction of stabilization program in late 1993, was characterized by hyperinflation which caused...

At the global level, governance has been viewed primarily as intergovernmental relationships, but it must now be understood as also involving non-governmental organizations, citizen’s movements, multinational corporations, and the global capital market. Therefore it should be analyzed how...

There are cases where the governments may not always serve the public interest. The implication seems to be that governments can help out but only if properly constrained. The impact of these ideas on monetary policy led to creation of Central banks. As far as fiscal policymaking is concerned,...