The objective of this study fills a gap in the Hungarian academic literature: its goal, on the one hand, is to systematise the research trends of decision-making and risk preferences at older ages according to the various methodological approaches, including researches based on experiment,...

In the wake of the global economic crisis, crowdfunding has become an increasingly significant alternative form of financing. Of the various business models that have evolved during recent years, this study focuses on equity, credit, reward and donation-based models. The investor/supporter...

The liquidity shock during the global crisis required corporate-level adjustment policies. The financial and real economy crisis revalued corporate liquidity, financing and investment flexibility, as well as the mitigation of corporate cash flow volatility using risk management techniques. This...

This study addresses the accumulation of external debt and the flow of foreign direct investment (FDI) jointly, and also strives to explore the internal interaction of these two global capital components on the one hand; and, on the other hand – in an unorthodox manner, even raising doubts –...

This paper presents unprecedented exchange rate forecasting results based upon a new model which approximates the gap between the fundamental equilibrium exchange rate and the actual exchange rate with the long-maturity forward exchange rate. The theoretical derivation of our forecasting...

In the last decade foreign currency indebtedness in Hungary has become a systemic financial problem, which also has a crippling impact on the real economy through its income and lending effects and has a significant constraining impact on economic policy. Besides the exchange rate the interest...

This paper presents unprecedented exchange rate forecasting results, based upon a new model that approximates the gap between the fundamental equilibrium exchange rate and the actual exchange rate with the long-maturity forward exchange rate. The theoretical derivation of our forecasting...