The paper focuses on the analysis of real convergence process in the Visegrad Four countries. The aim of the paper is to verify concept of β-convergence at regional level in the case of new Member States of the European Union. The theoretical background of the paper defines the methodological...

What determines the risk structure of financial portfolios of German households? In this paper we estimate the determinants of the share of financial wealth invested in three broad risk classes. We employ a new econometric approach - the so called fractional multinomial logit model - which...

In this study, the optimality of cash conversion cycles of firms at foodbeverage index of BIST (Istanbul Stock Market) is investigated. Panel KSS unit root test developed by Uçar and Omay (2009), which is suitable for heterogeneous panels & for non-linear financial series and taking into...