This article examines the evidences of moral hazard and the determinants of risk-taking among 500 banks in Central Europe, the Baltic, and Balkan region. We analyze moral hazard incentives and investigate which factors impact the risk profile of the banks in empirical relationships between...

Global wealth has increased significantly in recent years. However, poverty and income inequality has stayed at high levels in some countries despite the global economic expansion in the world during the past four decades. In this regard, extensive measures by national governments and...

This paper compares information disclosure in annual reports in British accounting regulatory system with information disclosure requirements for annual reports in Continental European accounting regulatory systems represented by Czech accounting. In spite of the fact that legal framework for...

Calls for more frequent application of the second-generation statistical methods such as structural equation modeling (SEM) have emerged in the field of management accounting recently. The aim of this article is to compare these statistical methods to the first-generation methods using the...

For the past 40 years, the most dynamic economies in the world were China and India. From approx. 5% of US GDP level, China grows to 26% and India to 11% of current US levels. The ratio of foreign trade to GDP is similar for both countries as well as capital flows to GDP. So why did China...

This paper elucidates public finance on the coopetition model of fiscal policy. The mix of competition and cooperation finds the relation between democracy and market. The conjunction of democracy and market is society and its demography. This paper focuses on the field of public economics where...