Recent literature argues that market timing becomes the factor that shapes financing policies. However, empirical studies on debt market timing still less numerous than those on equity market timing. This paper seeks to investigate the relevance of market timing considerations on debt issues...

The traditional Capital Asset Pricing Model (CAPM) developed by Sharpe, Lintner and Mossin is based on the strong assumption of normally distributed returns among other restrictions. However, especially in emerging stock markets, returns often deviate from normality, even though the series are...

В статье рассматривается одна из актуальных проблем современных промышленных предприятий стратегическая устойчивость предприятий. На стратегическую...

Основная цель работы заключается в изучении необходимости и эффективности участия государства в управлении агропромышленным комплексом в современных...

This paper deals with the determination of the risk assessment process in market conditions using the method of paired comparisons. The most important factors influencing the level of market appeal of intelligent technology are defined and stipulated. Recommendations are made for reducing the...

The paper analyses empirically the time-varying properties of the spread between voyage and time-charter rates and presents evidence that these properties are directly related to the business cycle (market demand) of the maritime industry, to the expectations for the future market demand and to...

The study empirically analyses the time-varying properties of the spread between voyage and time-charter rates and presents evidence that these properties are directly related to the business cycle (market demand) of the maritime industry, to the expectations for the future market demand and to...

This paper investigates the non-monotonic and non-linear effect of diversification on mutual fund performance. We apply a frontier-based efficiency measure, the stochastic frontier approach, to estimate fund efficiency and the benefit of diversification. The empirical results indicate that...