The present paper aims at examining several characteristics of the catastrophe bonds (CB) market by focusing on emblematic transactions with the objective of stressing the choices of the European-based (re)insurance groups in terms of the CB tranches structure. For the purpose of highlighting...

This paper provides theoretical and practical insight into the solution of the investment project optimization problem under uncertainty. A case study recommends the use of statistical simulation, which is shown to be a powerful, practical, flexible and comprehensive tool for managerial...

The main aim of this article is to present the influence of investment funds on the economic growth in Romania between 2007 and 2010. Unfortunately some of the main findings of the paper are: insignificant share of investment funds in GDP, low correlation between inflation rate and the net...

The investors’ market for structured investment products has traversed an impressive evolution during the last fifteen years. The diversity of the offerings reached previously unimaginable dimensions: Structured products are being composed by traditional investment products like fixed income...

The primary focus is on studying the under pricing phenomenon in Indian IPO markets. The paper examines the link between the reputation of underwriters to an IPO issue & the level of under pricing of that issue. The underwriters of high reputation have a pricing behavior which is distinct from...

In this paper we provide an overview of the roots, first manifestations and further developments of the US subprime crisis and explain the securitization process by emphasizing especially the mortgage securitization process. Some explanations for the ongoing financial crisis are also offered. We...

Merger and acquisition (M&A) activity is often a good indicator of how well a given market performs or whether the economic environment within a country is ripe for investment. Based on empirical studies and theoretical evidence the present paper investigates the status of the M&A market in...

The idea of this paper is to determine the mental models of actors in the firm with respect to the cognitive approach of corporate governance. The use of the cognitive map to view these diagrams to show the ways of thinking and conceptualization of the cognitive approach.The paper takes a...

This paper is an exploratory research in CNCSIS project TE 328/2010 on the impact of strategic alliances in the implementation of eco-innovation measures, in the automotive sector. The subject is of high interest because the most innovating industries are those who are more technologically...

The Austrian companies present in Romania have learned their lessons after the subprime crisis started in year 2008 and although operating in various industrial areas and therefore being differently affected by the crisis, they have followed rather a similar strategy. Despite the unfavourable...