The rapid development of life insurance and its dissemination throughout the world, and the emergence of new types of life insurance products, in order to meet the needs of citizens, raises the question of proper legal arrangement of these issues. This article refers to the life insurance...

The work of Haugen and Baker (1991) and Grinold (1992) has shown that market capitalisation-weighted indices are not mean-variance efficient. Further research by Amenc, Goltz, and Le Sourd (2006) proves that even naïve equal weighting can offer a better risk to return trade-off to investors in...

The franchise in the global marketplace enables many globally known brands. With its business concept, it enables integration, learning and acceptance of various cultural, historical, religious and other customs and habits. Consumers prefer a proven and expected standard product quality and...

The issue of young people aged 15–24 that are part of NEET (Not in Education, Employment or Training), is of particular interest for researchers and policy makers, since the social exclusion has strong negative impact on basic needs of persons. Determination of the extent of above social...

An influx of immigrants to developed countries, is an ongoing process that lasts for centuries. Numerous researches have been written encouraged by this topic. Today’s free labor market enables immigrants to become a very influential aspect of every economy. With general stagnation and aging...

The relevance of tourism revenue to their respected GDP is comparable in Croatia and the Czech Republic. Aside from having comparable levels of tourism dependency in respect to the percentage of tourism revenue in GDP, there are very few significant structural similarities between the economies...

Dualities in an economy may emerge for various reasons, but the general stereotype of high-tech foreign firms at odds with underdeveloped local ones seems to be an oversimplification of the problem. Building on a sample of more than 4,600 Hungarian firms, this paper investigates the parallel...

UCITS investment funds represent an important investment opportunity for retail, as well for institutional investors in the European Union. The aim of this paper is to analyse the performance of the UCITS investment funds in Croatia and to detect relatively homogeneous groups among the UCITS...

The purpose of the paper is to present a cornucopia of approaches and ways of defining, measuring and using the concept of Economic Value Added (EVA). EVA is a financial performance measure that emphasizes the maximization of shareholder value, as opposed to mere maximization of net profit. The...

While risk management gained popularity during the last decades even some of the basic risk types are still far out of focus. One of these is path dependency that refers to the uncertainty of how we reach a certain level of total performance over time. While decision makers are careful in...