Deriving a functional form for a series of prices over time is difficult. It is common to assume some linearly estimable form for prediction purposes. While this can produce accurate short run forecasts it fails to identify longer trends and patterns that may exist in financial data....

This study is an exploration of the dynamics of the present Romanian SME’ landscape. I offer first an overview of the characteristics of Romanian entrepreneurship and of the general impact of the recent crisis on the Romanian SME. I outline further the main constraints faced by the SME in the...

In this work we analyse to what degree the efficiency of a publicly owned non-monopolistic enterprise improves as a result of the introduction of strategic organizational reforms consisting of adopting "private-firm-like" management practices, criteria, and governance structure; i.e....

Most of Business Excellence – Total Quality models provide a static view and processing of Total Quality issues. This paper proposes a system of Business Excellence taking into consideration: current European practices of Total Quality and competitiveness, a modular, open architecture like...

The purpose of this paper is to analyse the effects of economic integration among countries on firms investment decisions when such decisions are taken strategically. It is shown that, in this context, the traditional "tariff jumping" argument is not always applicable and that localisation...

This article reports the findings of an exchange rate determination model based on either the traditional chartist or the fundamental model. Much dispute has surrounding exchange rate determination and many theories have been offered; however, market participants use and rely on the chartist model...

The emergence and deepening global economic crisis is in large part reflected in the operation of international financial institutions and their current structure. Long-term financial crisis has increased demands for decisive reform moves in operating and structure of the IMF, World Bank Group...

After the 2008 financial crash governments and central banks had to rescue banks which had become insolvent or illiquid, and whose failure threatened the Western financial system. The bill for this taxpayer funded bailout came to over USD 20 trillion globally, including assistance from US, EU,...

Bei der vergleichsweise hohen Fluktuation in den Spitzengremien des Finanzsektors in Deutschland in Folge der Finanzkrise wurde die Chance verpasst, für eine Erhöhung des Anteils der dort vertretenen Frauen zu sorgen. Im Jahr 2011 lag der Frauenanteil in Vorständen auf einem ähnlich geringen...

Im Finanzsektor stellen Frauen die Mehrheit der Beschäftigten, an der Spitze stehen aber nach wie vor Männer. Bei einem Anteil von gut vier Prozent waren Frauen in den Vorständen der größten Banken und Sparkassen auch Ende 2012 noch immer die große Ausnahme (+1 Prozentpunkt gegenüber Ende...