Underneath the umbrella of national competitiveness there are microeconomic and macroeconomic factors, but the recovery and the revival of a state competitiveness must be based on a strategy developed and coordinated centrally and implemented in strategic areas of the economy. In this respect,...

This paper addresses difficulties in modelling exchange rates in South Africa. Real exchange rate models of earlier research seem to be sensitive to the sample period considered, alternative variable definition, data frequency and estimation methods. Alternative exchange rate models proposed in...

The paper is dedicated to the discussion of investment as a main promoter of economic development in conditions of risk and uncertainty. In the context of the topic of research this article has as particular interest the analysis of the performances and potential of the economy of the Republic...

The paper focuses on the current system of country risk assessment by the main rating agencies, pointing out some of its weaknesses. Under these circumstances, was found that Romania is overrated by the international agencies, mainly due to political reasons, related to the close accession of...

Country risk is of increasing importance in the evaluation of overseas investments, international trade flows, foreign direct investments and volatility and predictability in stock market returns. A clear understanding of the concept, measurement and management of the level and magnitude of...

This study presents and empirically tests a model of the relationships between cultural, political, and economic measures and business practices in sixty two countries. GLOBE study’s nine dimensions of culture’s scores are regressed along scores on democracy, religiousness, GDP, corruption,...

Purpose – Many foreign firms have made their initial public offering (IPO) debuts in the USA, without first being listed in their home market. The purpose of this paper is to investigate the association of a wide range of country risk measures with the valuation of foreign IPOs....

External oil supply risk is an important aspect of energy security and oil import diversification is viewed as one of the most effective measures to reduce supply risk. By using the diversification index approach, this research attempts to assess external oil supply risks of oil importers with...

The driving force behind the well-documented medium term momentum effect in stock returns is subject of much debate. Empirical papers that aim to find the determinants of this return continuation, seem to be almost exclusively restricted to US stock markets. Consequently, regional effects have...