The aim of this paper is to make an investment decision using the Net Present Value and Internal Rate of Return investment criteria, for founding of a new company in the natural gas industry in Macedonia. We chose this line of business because we saw a gap in the market that could present an...

The aim of this paper is to construct a model for evaluation of a new established company in the chocolate confectionery industry in emerging countries such as Macedonia. We begin with distribution of a questionnaire to participants of a different age and profile across eight different cities...

This paper examines venture capital investments' development in selected Central and Eastern European countries. We determine the differences in the level of development and the reasons, and we offer conclusions that can serve as a guideline in Macedonia's and other CEE countries' venture...

The aim of this paper is to develop valuation models suitable for emerging market such as the Macedonian capital market. Developed models should serve for determining Macedonian and other emerging companies' fundamental value for the purposes of investments, acquisitions, mergers, re-financing...

From the bottom in March 2009, developed stock exchanges returned to their levels before the crises, which were not the case with the Macedonian, and the other SEE Stock Exchanges. Thus, in this paper we explain some of the reasons for this stagnant situation through analysis of Macedonian...

The aim of this paper is to identify the effects of the regional and global stock exchange mergers and integrations, and to recommend options that South-East Europe stock exchanges should consider in future. The global financial crisis brought great declines in 2008, and they stayed at their...

The objective of this paper is to examine and analyze empirically whether the Central and Eastern Europe countries` reformed pension systems are providing adequate and safe pensions. Starting in 1990s, most Central and Eastern European countries radically reformed their pension systems. The...

This paper aims to answer the question if and how much the foreign investors influence the boom and bust of small stock exchanges. It examines the impact of the foreign investors' turnover towards small stock exchange turnover, particularly the Macedonian Stock Exchange. Based on the Macedonian...

The objective of this paper is to examine and analyze the differences between Venture Capital development in Macedonia and several Central and Eastern Europe countries, to determine the reasons, and hence extract certain conclusions that will serve as a guideline in Macedonia's venture capital...

The objective of this paper is to examine and analyze the differences between Venture Capital development in Macedonia and several Central and Eastern Europe countries, to determine the reasons, and hence extract certain conclusions that will serve as a guideline in Macedonia’s venture capital...