Recently, in the banking sector, consideration of corporate environmental information has been increasingly incorporated into the decision-making process. This trend is a result of the relationship between environmental and credit risk and the growing demand from banks for this information....

This paper investigates whether current and future domestic and international macroeconomic variables can explain long and short run stock returns in four 'new' European countries (Poland, Czech Republic, Slovakia and Hungary). 'Old' western European countries (UK, France, Italy and Germany) are...

The purpose of this paper is to provide some insights into the main determinants for the success of an acquisition. The focus of this analysis will be on the acquisitions in South Eastern Europe and more specifically in Greece. Our findings suggest that the success of an acquistion is linked to:...

Both financial and non-financial firms routinely implement hedging policies to mitigate their exposure to changes in asset prices. For a bond portfolio holder, hedging is usually accomplished using futures contracts. In Greece the Greek government regularly issues bonds of varying maturities,...

The present study adds evidence, from three former emerging and currently transition countries along with two EU member countries of South and Eastern Europe, relevant to the market risk their stock exchanges possess under the same global financial environment. In order to assess market risk, we...

We investigate mission statements of 129 commercial banks in ten South Eastern European countries by examining their websites. Only one in four banks discloses a properly labelled ('explicit') mission statement. We then study 'implicit' mission statements, seeking components of mission...

The main purpose of this paper is to present the practice of internal audit in the business environment as an essential tool and a necessary case for financial institutions and organisations to change from traditional to modern models of management, without necessarily replacing their...

Over the past few decades the globalisation of business investments and capital markets has led to a demand for high-quality information. It is widely accepted by numerous organisations that adherence to International Financial Reporting Standards (IFRS) in the presentation of financial...

The decade 1990–2000 has been considered as the most crucial and risky for the future development of all Balkan countries, passing from centrally planned to open economies. This paper examines the status of the banking sector and the prevailing conditions in the embryonic financial...

Greece, being the only country of south-eastern Europe with a long history within the European Union, is considered as a useful benchmark to draw conclusions about the process of adaptation of an economy to the EU environment. This paper attempts to specify possible differences in the main...