The problem of optimal capital structure of an enterprise and its impact on the market value and the overall financial costs of an enterprise have been in the centre of attention of the corporate finance theory and practice already for some decades. The capital structure optimisation is...

Aging population and fiscal costs of the pension system is a burden for the sustainability of public finance. Therefore, many countries have been forced to reform their pension systems. One of the many ways of doing this is to switch from the convention pay-as-you-go system to capital funding....

Slovak Republic as well as many other OECD countries has faced significant increase of health expenditures in last decades. Sustainability of health care public component is therefore and mainly on the ground of ageing of population a political and scientific challenge for many countries. Paper...