This study examines the role of the Internet in the financial reporting practices of publicly traded Greek and Cypriot construction companies. Its key contribution is the development of a relevant index that is assessed against key business characteristics: profitability, leverage, audit firm...

Due to investor relations sections placed on corporate websites shareholders have an access to current information on stock issuers’ activities. This enables investors to participate in discussions on decisions met by a board of a company. Transparent and comprehensible information should...

This article aims to investigate the web-based disclosure choices andpractices among Romanian companies listed on Bucharest Stock Exchange. Web-based disclosure offers advantages that are absent in paper-based voluntarydisclosure: it can be accessed globally at much lower costs and it can be...

This paper develops a theoretical model in which firms may choose multiple banking relationships to reduce the risk that financing will be denied by ‘relationship banks’ should the latter experience liquidity problems and refuse to roll over lines of credit. The inability to refinance from...

In Romania, the economic agents are used to excessively consume raw materials and energy without ensuring, in compensation, the corresponding added value. Thus, it is no wonder that the insolvency is a frequent phenomenon. Another problem of Romania’s economy is determined by the improper...

We provide evidence that existing studies relating financial condition to product market cooperation produce mixed results because of unique features of the industries examined. In particular, all evidence suggesting that poor financial condition decreases cooperation comes from the airline...

The article looks at the financial situation of non-financial corporations in Belgium over the period from 1 January to 31 December 2013. After briefly describing the methodology and the population studied, it presents an extrapolation of the main operating result items for 2013, with a...

All men are created equal, but all liabilities are not. Some liabilities are more equal than others. These "financial liabilities" are products of financial firms. These products shift risk (insurance or derivatives) or provide liquidity (bank deposits or repurchase agreements). Since these...

The 2008 crisis dealt a severe blow to SMEs, and they are still struggling to get back to the growth rates seen before the global turmoil. After improving slightly between 2010 and 2011, profit margins have since deteriorated again, placing a drag on investment. Nonetheless, since 2010, SMEs...

La crise de 2008 a marqué une rupture pour les PME, qui n’ont pas retrouvé les rythmes de croissance d’avant-crise. Après une légère remontée en 2010-2011, leur rentabilité s’est encore détériorée, pesant sur l’investissement. Les PME ont toutefois amélioré leur structure...