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In the present world having connections across borders becomes a competitive advantage. The easy access to a constant stream of information is making the opportunities countless, adding to the equation that the Internet and supplementary techniques such as different types of software are still...
Persistent link: https://www.econbiz.de/10008834016
Profitability is the fundamental issue of the entire economy and of each individual economic operator. Profitability expresses the efficiency of economic activity, but it is also the driving factor of economic growth. Profitability can be measured by means of profit and net income in absolute...
Persistent link: https://www.econbiz.de/10008835146
The Bulgarian and Romanian European Union membership coincides with the Common Agricultural Policy (CAP) Reform. Applied till the 80s of the 20th century, the system of European subsidies which aimed at developing a functioning agricultural sector led to constant surplus of basic agricultural...
Persistent link: https://www.econbiz.de/10008835458
the stochastic order typically used in the univariate case. These utility functions are multivariate risk averse, and … risk seeking. We provide insight into these two contrasting forms of stochastic dominance, develop some criteria to compare …
Persistent link: https://www.econbiz.de/10008836130
Commercial banks that were formed in Romania after the 1989’s are societies based on stocks and have an universal feature meaning they manage all the products and banking services for all the fields and levels of the branches, sectors and segments of the national economy. There are no narrow...
Persistent link: https://www.econbiz.de/10008837962
the Greek stock-bond correlation are explained by several risk factors, related to liquidity and market’s uncertainty …
Persistent link: https://www.econbiz.de/10008852247
regression tests fail to account for time varying risk premia that are correlated with the spread, causing a downward bias in the … varying risk premia. …
Persistent link: https://www.econbiz.de/10008852272
risk, even if they face no threat of liquidation if they do default. The model generates predictions which explain two …
Persistent link: https://www.econbiz.de/10008852334
This paper examines the persistence of the volatility of the risk premia for excess holding period returns of the term …
Persistent link: https://www.econbiz.de/10008852353
insurance provision. Risk-tolerant individuals take few precautions and are disinclined to insure, but are drawn into a pooling … equilibrium by the low premiums created by the presence of safer, more risk-averse types. Taxing insurance drives out the reckless …
Persistent link: https://www.econbiz.de/10008852371