The overarching aim of the present paper is to investigate the pattern of returns and volatility in the US and the UK stock markets prior and subsequent to the current financial crisis. For that reason, the family of GARCH models is utilised; specifically, GARCH, GARCH in Mean, threshold GARCH and...

The purpose of this paper is to assess the role of auditors in the financial crisis and the level of responsibility, if any, that should be placed on audit firms. The paper will analyse the ethical implications of the decisions made by auditors when issuing their audit opinions for their...

This paper investigated the role of auditors in the financial crisis from an African perspective. Desk research approach scanning through various documents that include; reports and accounts from the internet, published journal articles, national and international newspapers was used. Assessment...

Cash figures still constitute the main basis for performance assessment and resource allocation decisions in the Greek public sector even though accrual accounting information is available. The scope of this paper is to compare accrual accounting and cash accounting figures in order to assess...

The financial crisis undoubtedly exerted much pressure on the companies operating in Poland. Thus, it is important to undertake researches that reveal the paths and strength of financial crisis transmission with regard to the business enti-ties. This paper presents partial results of the...

The main subject of the paper is the issue of granting state aid discussed from the point of view of the most important changes in the European Union competition policy as a result of the global financial crisis. The author makes a review of state aid related to the financial crisis in the...

The aim of this paper is to analyze the macroeconomic policy of the Baltic states in response to the financial crisis of the years 2007–2010. The considerations are based on the thesis that the general direction of the macroeconomic policy chosen by the analyzed countries is correct. The...

Within a relatively short time, perhaps just a decade, microfinance has gone from being hero to zero in the development discourse: from being lauded as the silver bullet to solve the problems of development and poverty reduction, to being derided as the progenitor of financial instability and...

The existing in Europe regulatory model showed its inability and impossibility to realise traditional mechanisms of regulation of the financial market under conditions of the changing economic paradigm due to the financial crisis. The article studies the principle of partition of the fiscal and...

The article discusses the financial condition of the food industry, identifies the main problems of the financial support of the companies that produce the problem of investment and innovation of the food industry. The proposed policy options that can be chosen by the company, given the current...