The favorable institutional and functional evolution of the Romanian capitalmarket was break out by the negative consequences of the financial crisis. Thus, the objectiveof this paper is to analyze the current evolutions and to identify some of the crisis’ pathologycharacteristics. Some...

This paper reviews endogenous growth theories in the light of the modern reality. It seems that economies which are similar in technologies and preferences are expected to converge to the same level of per capita income. The question How are repetitions of financial crisis best predicted? is...

We investigate the oil price risk exposure of the U.S. Travel and Leisure industry. In this paper, we utilize the Fama–French–Carhart's (1997) four-factor asset pricing model augmented with oil price risk factor. The results of our study suggest that oil price sensitivities vary...

The research provides a selective overview of the existing information regarding the SMEs’ trading on the Bucharest Stock Exchange. Due to the fact that the Romanian SMEs’ needed a different type of financing among the ones that already existed, the discussions regarding their trading...

This paper reviews endogenous growth theories in the light of the modern reality. It seems that economies which are similar in technologies and preferences are expected to converge to the same level of per capita income. The question "How are repetitions of financial crisis best predicted?" is...

The paper introduces the engrossing subject of the cost of capital obtained through the capital funds markets and helps to set off in bold relief the conditioning relationship of long-run operating decisions to short-run internal and external decision making.

In the context of the recent financial crisis still seems to be the current theory of a specific system in the shape of the economies of the "center" and "peripheral countries". Also transmission of the contagion effect goes from more developed countries – the center to the less developed...

Mission statements (MSs) are one of the most widespread managerial practices. However, a deeper understanding of the relationship between MS's characteristics and firms' financial performance is still necessary. The vast majority of the research on this topic has been performed on companies of...

This paper reviews endogenous growth theories in the light of the modern reality. It seems that economies which are similar in technologies and preferences are expected to converge to the same level of per capita income. The question "How are repetitions of financial crisis best predicted?" is...