Problematics of performance analysis appear when the researcher begins to examine sensitive dilemmas related to managerial sciences, such as realiability and characteristics of the information source, or choice between different analysis instruments, within the general framework of corporate...

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...

The globalization improves the prospects for the emerging markets to attain an economic development level comparable with that of industrialized countries. Without ignoring the specific policies concerning the openness degree, globalization might increase capital and technology flows towards...