The evolution of stock prices is influenced by the expectations of investors regarding the earning prospects associated to each listed company. One of the key elements of investment decision is the positive relationship between risk and return. Risky securities are preferred to less risky ones...

The purpose of this paper is to investigate the impact of 2004 accession to the European Union on perceptions related to business risks in Central and Eastern European countries. The investigation makes use of the data provided by the Regular Reports on Global Competitiveness published annually...

Stock prices move as corporate earnings prospects change, but they also move as investors change their aversion to risk. One of the central tenets of finance is that investors expect higher return for taking risk. They exchange some of their riskless securities for risky assets because they...

Among the many forms the process of contemporay financial globalization takes, one of the most challenging is the search of the firms to raise capital in other countries. The effects of such a process are very complex and challenge the traditional wisdom. Such firms, even if they bear a certain...

The present article argues that the development of a knowledge based society has a powerful impact in the role played by the financial sector in an economy as the services supplied by the traditional financial institutions - the commercial bank and the stock exchange - are seriously challenged...

This paper deals with the relation between the human right to migrate and the objectives of immigration policies. We argue that the temporary work migration is the clearest sign of the failure of political governance in both the host and native states, even if we may argue, to a different...

John Law and Richard Cantillon are two economists whose lives and works are intrinsically related. They were at one moment close collaborators and at a later moment bitter enemies. On the one hand, John Law significantly shaped the institutional and policy framework of the French financial...

The contemporary economic crisis has determined a massive public intervention of the member-states of the European Union in the economy, with the hope that such a measure will correct the negative economic and social impact. Such state aid has been directed mainly to the financial and banking...

The recent punishment of the biggest global microprocessor producer, Intel Corporation, for the alleged break of the European legislation in the competition field is a result easy to have been anticipated starting with 2004, when European Commission fined the biggest global producer of operation...