This paper addresses the macroeconomic impact of international financial integration. I first provide empirical evidence that foreign banking penetration can be associated with a contraction of banking credit, especially in countries with poor credit markets. Second I present a model in which...

Using a large panel of about 6,946 French manufacturing firms, this paper investigates the effect of monetary policy from 1990 to 1999 on investment through the cost of capital and the cash-flow channels. We compare several specifications of the neo-classical demand for capital, taking into...

This paper deals with the management of the enterprise value based on the use of the meter which is the economic value added (EVA). A comparison of the two companies in the sector of food production.

A way of managing the goodwill on the example of the enterprise producing products from metal, non-profit organization providing fire services, financial institutions from the scope is reporting back of Open pension funds. Calculations were conducted at using the method Eva. all data for...