This paper studies how national sentiment in the form of either a perception or a loyalty bias of bettors may affect pricing patterns on national wagering markets for international sport events. We show theoretically that both biases can be profitably exploited by bookmakers by way of price...

Investments represent the active factor of development and economy accommodation to market and competitiveness requirements, under the circumstances deployed within transition countries by conditioning the achievement of restructuring progress proposed under economic reform. If within one...

Whatever the social structure or the political system, the investments represented and still represent a crucial factor for economic and social development through their volume, structure and quality. An analysis of the investments role in our country can be achieved only by using its two...

Innovative firms in Europe face significant problems in accessing the funding they need to start, grow and compete on global markets. European firms (especially SMEs) turn mostly to banks to obtain external finance and only in limited cases to alternative sources of financing - such as venture...

The paper focuses on macroeconomics understood as a major part of economic science concerned with the whole economic system involving such variables as aggregate (total) production, national income, added value, gross domestic product, gross national product, economic growth, aggregate...

We investigate the relationship between a company's dividend strategy and its risk of takeover. Our results from a large panel of UK quoted companies suggest that higher dividend payments are associated with a significantly lower conditional probability (hazard) of takeover. Moreover, firms...

The Solow model is widely regarded as the workhorse model of the theory of economic growth. Although at one point this model was first encountered in graduate school, it has since filtered down to the intermediate and, occasionally, to the principles of macroeconomics course. Many have commented...