The new challenge before today's CEOs and executives is to realize that intellectual property (patents, trademarks and copyrights) are not only legal matters but also corporate finance matters. They are the assets that enhance corporate value and offer the company a new competitive advantage....

This paper develops the approach suggested by Karolyi (1995), Longin and Solnik (1995), and Karolyi and Stulz (1996) to examine the impact of futures variables (such as exchange rates, treasury bills, treasury bonds, and stock indices) on the integration process for cross-listed equities in...

This e-book takes an international perspective on stock market behavior, with in depth looks at markets in Germany, the Netherlands, New York, London, Japan and Hong Kong. Through analysis and case studies, the authors pick out trends and relationships that have a profound impact on how markets...

Our study examines the presence of the day-of-the-week effect anomaly in the Central and Eastern European stock markets. We consider the Romanian, Hungarian, Latvian, Czech, Russian, Slovakian, Slovenian and Polish stock markets during the period September 22, 1997 to March 29, 2002. Our results...

This paper examines the importance of Foreign Direct Investment (FDI) on economic growth. Using a panel data set for 27 transition economies over the period 1991-2004 as well as the methodology of panel cointegration and causality tests, the empirical findings show that FDI does exhibit a...

This paper investigates the presence of the relationship between private and government consumption through panel data techniques. Using a panel from different transitional countries, from 1990 to 2003, it applies the panel cointegration and causality methodologies. The study finds statistical...