We set up a dynamic stochastic model of a stylized economy comprising a final output sector (with traditional and modern firms) and an intermediate goods sector. It is shown that market integration reduces the volatility of the rate of return of capital invested in modern firms. The induced...

Does international financial integration boost economic growth? The question has been discussed controversially for a long time, and a large number of studies has been devoted to its empirical investigation. As of yet, robust evidence for a positive impact of capital market integration on...

The economic elite have always been of special interest both to researchers and practitioners. Particularly with regard to periods of great societal transformation, economic elites are regarded as the most important social group and the main driving forces of the change process. However, this...

[Contents] Irma Rybnikova: Editorial, p.3 - Gheorghe Alexandru Catana, Doina Catana: Conflict and cooperation inducer behaviors in Romanian organizations: followers’perception, p.6 - Alicja Miś: Theory and practice of talent management in Polish organizations, p.27 - Natalia Spiridonova:...