Az Európai Unióban a pénzügyi konglomerátumok kockázataival kapcsolatban 2005től egy új direktíva rendelkezései érvényesülnek. A pénzügyi konglomerátumok az utóbbi évtizedekben a világ számos országában a biztosítók és a különféle bankok egyre szorosabbá váló...

A vállalatok a piacgazdaságokban adásvétel tárgyai, felvásárlásuk és összeolvadásuk mindennapos gazdasági ügyleteknek számítanak. Az elmúlt két évtizedben a magyar gazdaságban is folyamatosan sor került vállalkozások tulajdonosainak kicserélődésére. A tulajdonosváltás...

In order to reduce starting costs and facilitate the investments, in 2012 and 2013, Italy has introduced special regulations for "simplified limited liability companies", "innovative start-ups" and "ordinary" LTD. The former and the latter are allowed to start operations with a minimum capital...

How do women leaders such as board members and top managers influence the social performance of organizations? This paper addresses the issue by exploiting a unique database released by a Senegalese network of 36 financial cooperatives sharing identical governance characteristics and placed...

My intention is to clarify the process of merging from the economic point of view, especially impact on financial results after the merger itself. Examine and analyze differences in financial results, measured by using various ratio indicators, market value of shares and capital adequacy in the...

The purpose of this paper is to determine whether destinations in Croatia follow the trend of the modern market by ensuring first impression quality through an online campaign. The World Tourist Organisation (UNWTO: 2008) takes into consideration categories of web page quality evaluation such...

Time-inconsistency of no-bailout policies can create incentives for banks to take excessive risks and generate endogenous crises when the government cannot commit. However, at the outbreak of financial problems, usually the government is uncertain about their nature, and hence it may delay...

We study financial reporting and corporate governance in 218 companies accused of price fixing. These firms engage in evasive financial reporting strategies, including earnings smoothing, segment reclassification, and restatements. In corporate governance, cartel firms favor outside directors...

Because of differences in accrued gains and investors' tax-sensitivity, capital gains "lock-in" varies across mutual funds even for the same stock at the same time. Using this variation, we show that tax lock-in affects funds' governance decisions. Higher tax lock-in decreases the likelihood a...