The article presents the evaluation of the financial situation of commercial banks in Poland. The ratio analysis shows that the biggest variations between analyzed units were in productivity of tangible fixed assets, share of non-performing loans and overall liquidity. The financial indicators...

The majority of published studies about the relation between institutional and entrepreneurial factors lack of an adequate empirical study. Due to the importance that the institutional environment has acquired in the last few years, we consider necessary a rigorous analysis using quantitative...

Literature has tried to report whether high compensation differences between executives are linked to better firm performance. This study, based on tournament theory arguments, has attempted to provide new evidences in this line of research, using a sample of 120 Spanish listed firms. Results,...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

The present study contributes to the analysis of economic growth by comparing labour ant total factor productivity (TFP) in France, Japan, the United Kingdom and the United States in the very long run (since 1890) and in the medium run (since 1980). During the past century, the United States has...

This study examines the relationships between the employment and foreign direct investment (FDI) in Malaysia. The Malaysian government continues to put efforts in attracting more FDI inflows as it seems that FDI plays a major role in the economic development of Malaysia. Besides, there is...

Within economic policies tax incentive policies have always had a serious significance in establishing stability and encouraging investments. After 1980 in Turkey, together with the globalisation process experienced in the World, fundamental changes have been made in economic policy...

Spain and Ireland might seem at first to feature very different labour markets, which go from very tight to very flexible labour conditions. Our analysis, however, goes beyond this simplistic argument and brings to light some important similarities. For this purpose, we estimate a dynamic...

This study employs the techniques of Monte Carlo Simulation and Genetic Algorithms Based Optimization aimed at analyzing the impacts of investment horizon and target terminal wealth on the performance of the Dollar Cost Averaging (DCA) investment strategy in comparison with the Value Averaging...

Während manche Länder in der Europäischen Währungsunion aufgrund von Schulden- und Strukturkrisen tief in der Rezession stecken, steht die deutsche Wirtschaft derzeit glänzend da. Die Arbeitslosigkeit ist auf den niedrigsten Stand seit der Wiedervereinigung gefallen, die Wirtschaftsleistung...