The classical models of portfolio selection could not be applied on a market were the efficient market hypothesis is not valid (at least in a "weak" sense). The aim of this paper is to enlighten the difficulties of portfolio construction in a financial market with institutional and structural...

Based on the valuable experience of fund managers and individual investors, modern and postmodern theories development process, regarding selection, management and optimization of investment portfolios, conceptualizes the basis of philosophy, investment style, diversification importance and the...

In this article, the authors emphasize the very important role that institutional investors, under the form of pension funds, hold for the development of capital markets existing in the economy and for supporting the financing process of institutional sectors in the financing deficit situation....

Global financial crisis drastically affected all financial market’s segments and highlited the need to improve regulatory standards and to increase the supervisory degree in all constituents of the global market, applying it to all financial entities in order to ensure greater transparency of...

As consequence of globalization, in the past two decades, the international financial markets have become more and more interdependent. The financial globalization brought significant benefits to the national economies and to investors, but altered at the same time the structure of markets,...

Deep and broad financial markets facilitate savings mobilization, by offering both individuals and insitutional savers and investors additional instruments and channels for placement of their funds at more attractive returns than are available on bank deposits. Bank and non-bank financial...

“The human development” concept was born in a period characterized by an important number of events that have caused important changes of the geo-political factors as well as essential mutations at economic and social level. This period is known as the “post-war era”. In this era, the...

This paper is studying the impact of public budget deficit on the economic growth. We have tested the connection between budget deficit and economic growth, using econometrical analysis (the Pool Data Model). Within this framework, we have quantified the intensity of connections between public...

he aim of this paper is to emphasize how the correlations between fiscal policy and economic growth are manifesting in the UE case. After theoretical framework, the paper is organized as follows: Section 2 tries to provide a model at micro-economic level for the interconnections between fiscal...

The way in which the social subjects take decisions, the interactions established between these, the web of social institutions and rules, the architecture of the power relationships between the various “points of social coagulation” have as a foundation a complex set of determinants, in...