This paper has like objective to present the main aspects concerning financial structure of the firm. So, we begin from the fact that the theory and the practice doesn’t find an answer at the question if a firm is too much or enough debt, we search after a short definition of financial...

The global crisis put under question the economical theories about capital markets. Financial derivatives create problems for the legal context of these markets as well as for the way in which such financial instruments can be controlled by the final user. A derivative product may be an...

During the implementation of the monetary policy, the National Bank of Romania took great care for the activity of giving loans. Analyzing USA crisis, IMF pointed out the importance of regulations for this sector, which practically don’t exist in some cases, especially in the case of...

Following the conditions in which, the taxpayers accomplish more frequently sponsorship and patronage actions, in this paper, we propose to expose the tax treatment of these operations from the perspective of some trading companies, taxably person registered in purposes of VAT in Romania and...

This paper has like objective to present the main theories of the dividend decision. So, after a short introduction we present Lintner’s partial adjustment model, models derived from the Lintner’s and residual dividend theory.

The role of the banking system as essential link the savinginvestment process makes of its stability a priority on the agenda of the public authorities. One of the major objectives of a central bank is to prevent the risk by promoting an efficient bank monitoring, which should contribute to the...

This analysis aims to determine the differences in the exchange rate between the member countries of the European Union, the states financial conversion, the conditions to increase the capital, the discriminatory treatment on the assets and liabilities, monetary and nonmonetary, of accounting...

The objective of this paper is to provide a global perspective of the liquidity risk from a banking societies‘ viewpoint. Our paper belongs to the technical studies that analyze the concrete way in measuring the liquidity risk at the level of the banking societies from Romania. The study is...

(VF)Dans cet article, nous étudions les facteurs susceptibles d’influencer la structure des syndicats bancaires en France, sur la période 1998-2006, et nous proposons un modèle empirique de cette structure, mesurée par la taille, la concentration et la réputation. Nous montrons que la...

Asset market liquidity risk is a significant and perplexing subject and though the term market liquidity risk is used quite chronically in academic literature it lacks an unambiguous definition, let alone understanding of the proposed risk measures. To this end, this paper presents a review of...