This work is based on Prospect theory, which was developed by D. Kahneman and A. Tversky in 1979. This is one the most quoted and best-documented point of view in economic psychology. First of all, it replaces, once again, the notion of utility with value. But value is defined in terms of gains...

Urban systems are becoming increasingly complex as urban economies, social and political structures and norms, infrastructure systems and technologies evolve. Therefore, the development of operational urban simulation models is required in order to achieve an improvement of the quality of...

This paper studies the particularities of portfolio selection on the Romanian stock market using the risk-return maximization criteria introduced by Harry Markowitz (1952). We used daily prices for the 36 most liquid companies traded on Bucharest Stock Exchange during January 2010 – March 2012...

Making a credit decision is limited to a reasoned agreement or refusal. The key words in making the credit analysis are "customer knowledge". The substantiation of the credit decision refers to both a quantitative analysis and a qualitative analysis of a company in order to identify the key...

Market economy is characterized at a time, among others, by the existence of twopartners, so that one has some money, a certain amount of capital, and one needs money. The first has money and wants to capitalize on them as possible, and the second wants to enter into possession of a capital base...

The achievement of a project of investments in agriculture, through the utilization of the financial instrument European Fund for Agriculture and Rural Development means the calculation and the analysis of some obligatory indicators. These indicators of the economical efficiency of investments...

From the multitude of variations of capital investment on the capital market, this work cuts two of them namely capital investments in options contracts and capital investments in straddle contracts. A distinct place it occupies in the paper presentation of the operating mechanisms of the two...

At the end of Second World War the world and Europe had been divided into spheres of influence. Eastern Europe was included under the soviet dominance. The entire evolution of all the Eastern European countries was marked by this reality. The eastern bloc had its own way of development, based on...

In conditions of high exchange rate volatility, entities conducting foreign trade transactions are subject to currency risk exposures, which may have a significant impact on financial performance and operating profitability. The research approach is oriented to identify the possibility to...