Unit initial offerings are innovative way to finance corporate activities in capital markets and are usually conducted by companies that carry a high level of asymmetry information. The degree of information asymmetry insignificantly impacts the pricing at the IPO day in our sample. In addition...

Warrant is an important form of financial asset that enables entrance to primary capital markets to companies that otherwise would have difficulty to access it. We explain the nature of warrants and examine the reaction of warrants' value during two major events in the life of SPACs, namely the...

This paper uses the framework of institutional economics to explain the recurring phenomena of financial crises. How do various institutions fail in predicting, responding to and reducing the burden of the crises? How do they further contribute to the domino effects that nearly led to the...

This paper analyses the patterns of Montenegrin specialization and trade since its independence in 2006. The paper answers the questions how Montenegrin trade patterns have changed since its newly acquired independence. How were these changes affected by, and in turn how did they affect the...

This paper describes and analyzes the impacts of economic institutions on the Euro. It analyzes the impact of economic institutions for countries joining the European Union. In order to depict and explain Europe's role in the world economy, this study provides a detailed analysis of the Eurozone...