Our paper comes in the course of the New Institutional Economics which emphasises the supremacy of institutional reforms on the economic framework. Recently, measures and proxies notions of 'governance' and 'institutions' have stimulated empirical research in economics and political science. The...

The change of regimes in former Soviet Bloc provides an opportunity to study the neoclassical growth theory in a region of the world that was excluded before because of the presence of centrally planned economies. A concern is whether these newly formed economies are converging to a unique...

The growth of efficiency and profitability are basic goals of every bank management. The prevailed opinion is that these aims can be realised through the growth in scale and scope of their business operations. This growth can be internal – by increasing the scope and the number of own...

Corporate governance has become an increasingly important issue in recent years, both as a result of corporate scandals and because more than 20 transition economies in the former Soviet Union, Eastern and Central Europe are in the process of converting their economies from a central planning...

The harmonisation of international accounting and disclosure practices is an important policy issue. This paper investigates the extent to which voluntary disclosure practices by Japanese firms converged since the late 1980s. Convergence of voluntary disclosure suggests that Japanese firms...

The relationship between corruption and economic growth is investigated with 39 countries over an 11 year period. Since corruption data are insufficient for econometric analysis, a case study is undertaken for Armenia. Corruption hinders economic performance (strong negative correlation between...

During the 1990s, whenever inflation accelerated in the Congo (Dem. Rep.) the domestic currency was abandoned in favour of dollar holdings. The increased demand for dollars resulted in a higher relative price of the latter or greater depreciation of domestic currency, which is the essence of...

The analysis of Russia's external economic relations reveals a paradox: while Europe is its main trade and direct investment partner, its currency's role in the Russian financial sphere is lower then that of the US $. This paper analyses this phenomenon by separating the currencies' use for...

This study examines, within the context of Greece, the relationship between the four attributes (importance, behavioural uncertainty, firm specificity and spread) of Strategic Human Capital (SHC), the design/use of Management Control Systems (MCSs) and organisational performance. It utilises...

The paper focuses information asymmetry suffered by the borrowers in consumer credit contracts. It analyses the impact of Poland's Consumer Credit Act of 2001 on the information asymmetry. Information available to borrowers has been enhanced under the new law. Banks publish their effective...