The article presents a historical review of the literature related to the empirical problem of excessive risk premium. The risk premium (the difference between the return on equities and risk-free rate) observed in financial markets cannot be reconciled with theoretical models of financial...

The article presents a historical review of the literature related to the empirical problem of excessive risk premium. The risk premium (the difference between the return on equities and risk-free rate) observed in financial markets cannot be reconciled with theoretical models of financial...

If agents are ambiguity-averse and can invest in productive assets, asset prices can robustly exhibit indeterminacy in the markets that open after the productive investment has been launched. For indeterminacy to occur, the aggregate supply of goods must appear in precise configurations but the...

The main aim of this article is to present the influence of investment funds on the economic growth in Romania between 2007 and 2010. Unfortunately some of the main findings of the paper are: insignificant share of investment funds in GDP, low correlation between inflation rate and the net...

El artículo tiene por objeto presentar de una manera muy sucinta una revisiónexclusiva y preliminar de la literatura teórica relacionada con los aspectosfinancieros del ciclo de negocios de frecuente referencia en el medio académico.Sorprende la gran diversidad de nuevas formas para...

One of the most often committed mistakes in economic reasoning is the supposition about the continuity of economic processes. However, what dominates in reality is a process of permanent changes, which sometimes proceed in a cascading manner rather than linearly. It must be acknowledged that the...

Uncertainty is one of the factors negatively affecting financial markets. Terrorism and terrorist activities are located in the factors that trigger this uncertainty. The purpose of this study is to investigate the impact of the uncertainties created by terrorist activities on financial markets....

This study applied the Piotroski score for 63 selected companies of Mexico, for the period 2005 to 2011. The Piotroski score provides an evaluation on the historical financial performance of a company, with the evaluation of nine financial analysis ratios or criteria. We decided to add this...

Nowadays, international financial markets are particularly criticized for a shortage, or absence, of ethics in their activities, creating a presence of moral hazards, as well as a high proportion of speculative trading and therefore competing in an unsustainable game of risk. This article offers...