This paper presents the theoretical background concerning capital budgeting techniques and cost of capital estimation and a literature review on cost of capital estimation practice applied by key European corporations as opposed to Asian and American firms. Previous studies showed that the most...

This paper studies the performance of Romanian balanced funds over the period 2005-2011. It analyzes recent evolutions of Romanian balanced funds industry and it tries to assess the risk-adjusted performance of this category of funds as well as the market timing and selectivity abilities of...