In this paper, we investigate the adequacy of scaling, a method frequently used in estimation of standard deviation of stock returns. Scaling is based on the assumption that standard deviation is proportional to the square root of the length of the time interval of the sample (for example daily,...

This paper examines features of the Czech stock market’s development from 1997 to 2003 and attempts to unveil the macroeconomic consequences of stock-price development. The analysis of the stock market’s behavior supports a cautionary stance on the hypothesis of the efficient-market theory,...

Ekonomická kriminalita nadobúda v podmienkach globalizácie nové rozmery. Dochádza k prepájaniu organizovaných skupín, ktoré pôsobia destabilizujúco na ekonomiku jednotlivých krajín. Veľmi často dochádza k zneužívaniu bankových nástrojov a nových bankových technológií na...

We present results of an analysis and comparison of 46 studies (54 economic surveys) on capital budgeting methods for investment projects evaluation with emphasis on trends in application from 70s till present. We focus on three methods: net present value method, internal rate of return and...