Pricing is primarily a domain of cost and management accountants' professional expertise. Right pricing strategies of an entity providing goods and services can ensure its sustainable growth. This paper has highlighted various aspects of pricing issues (pricing and strategies therefor, non-cost...

In this paper we firstly give an introduction to capital market synergetics, a model enabling us to compute transaction costs and investigate the operating efficiency of a stock market's micro structure. Frankfurt's trading system Xetra and NASDAQ are currently implemented at the computer...

The past several years have witnessed the introduction of hundreds of so-called “smart beta” equity indices. These indices provide exposure to risk factors, such as value or low volatility, in order to seek excess return and/or risk reduction compared to cap-weighted indices. Although the...

In this paper, we apply a stochastic frontier approach in order to analyze labor market efficiency in Poland – a transition economy and a new entrant to the European Union. Wage efficiency is defined as the ratio of a worker's actual and potential (maximum) wage, given his or her demographic...