While the paper touches upon the experience of most transition economies in Eastern and Central Europe, it focuses on the creation and functioning of capital market development in four countries in the region, namely, the Czech Republic, Hungary, Poland and Slovenia. Capital market in these four...

This paper offers proposals on stimulation of Russia's innovative economic growth through share ownership diversification, improving corporate governance practice and capital structure transformation. The paper also contains concepts on how to strengthen Russia's role in global financial markets...

Despite years of study, the impact of firm-level governance on stock returns is not clear, especially in non-U.S. markets. We investigate the returns of governance-based trading strategies in Asia, using bias-free return data and CLSA governance ratings. We argue that poor governance should be...

The stock market's behavior was influenced in the main by the declining oil futures prices. The negative dynamics of stock indexes resulted in a drop of the stock market's capitalization over the month by 3.71%; however, Blue Chips demonstrated growth to 9.07% per month and to 13.81% per annum....

The stock market dynamics in March was affected by several developments, such as a decrease in oil futures prices and the crisis situation in Cyprus. From the beginning of the month the growth was replaced by a reverse trend. The dynamics of stock market indices has led to a decrease in...

This study evaluates the impact of financial reforms on the corporate financing decisions of 23 Indian industries for the period 1989-2005. We argue that the impact will be industry-specific because the regulatory and financial framework in which industries operate differs across industries....

The Russian stock market in February was characterized by a minor correction in prices of majority of securities traded in the market, after growth in the previous two months. Oil futures have declined on average by 2.2%. Dollar exchange rate remained at the level below Rb/Dollar 30.35, while...

The new year's beginning was marked by a generally positive behavior of the stock market. The quotation changes displayed by major Blue Chips over January were multi-vectored. At the same time, it should be noted that the observed growth in prices was sustained by Russian investors, while...

In December 2012, the Russian financial markets demonstrated a similar trend to the previous months, characterized by significant volatility. An average monthly trading volume of the Russian Federation for the period increased by 4%, while the market for government securities and futures...

The "Big Twenty" fears of a slowdown in the global economy, downgrading of France credit rating and volatility of oil prices have led to deterioration in the Russian financial markets in November 2012. Herewith, the average daily market turnover of governmental securities has decreased most...