The efficient market research to date has focused mostly on the developed stock markets. To be efficient the market needs to be large and liquid, transaction costs should be cheaper than the expected investment strategy profits and Macedonian capital market as a developing market is...

The gender pay gap is a complex issue caused by a number of interrelated factors and has inevitable impact on the status of women in their economic and social life. The objectives of this paper are concentrated in investigating the sex-segregation by economic activity in the labour market and...

The objective of this paper is to investigate the factors that determine the gender pension gap in Europe. In particular, we focus on understanding how and which risk factors create the pension gap among the two genders. To extract the risk factors that determine the gender pension in Europe, we...

The aim of this study is to examine the impact of financial crises on the short-term interaction between stock market returns of the Macedonian, Serbian and Croatian equity markets. Daily data sample spans from January 4th 2006 to March 31st 2017and based on detected Zivot-Andrews structural...

Risk estimation or volatility estimation at financial markets, particularly stock exchange markets, is complex issue of great importance to theorists and practitioners. Models used to estimate volatility forecasts are translated into better pricing of stocks and better risk management. The aim...