Bankruptcy prediction and the understanding of the causes for economic failure have a financial utility. The purpose of this study is to compare the predictive power, on the Romanian market, of the most popular bankruptcy models considering the firms listed on the BSE during 2007-2011. Using the...

The article analyzes from a comparative perspective the main characteristics of the public function in countries from Central and Eastern Europe. The article analyzes the evolution of public administration in Romania between 1990 and 2009; the impact of financial crisis on it; and finally yet...

The public sector salaries in general, but especially in the civil administration has been and will be a topical issue, highly controversial, and with a permanent presence in the media. This article presents the developments that took place in wages of Eastern European public servants as a...

This study examines whether there is a price discovery type relationship between CDS and stock market at the level of 5 Eastern European countries for the period 2004-2014. The analysis follows the pattern of the financial time series: testing the structural breaks, the stationarity,...

This paper investigates the relationship between exchange rates and stock markets for 4 East-European countries, using a sample of 3,500 daily returns during the period 2000-2014. The research method used is Bayesian VAR for the solution of degrees of freedom specific to the VAR technique and...

Inflation is a macroeconomic phenomenon, intensively experimented by the Central and Eastern European (CEE) countries, new members of the European Union. The analysis was performed on a group of 10 Central and East European countries for the period 1990-2014. The aim of this study is to analyse...

The article aims to provide an analysis of Romanian bank performance in the context of corporate governance. In order to complete the research the authors used financial indicators such as ROA, ROE and others for 2003-2009 period and each financial institute’s status regarding good governance...

The study consists in gathering the financial information for a group of listed companies, in difficulty and economically viable, in 2007-2008, in order to create the warning signals for financial companies in difficulty using econometric linkages between indicators. For each company, we...

The manifestation of financial crisis leads to the appearance or the increase of the risk of bankruptcy. Therefore, the analysis of bankruptcy risk interests a number of users (customers, organizations, financial institutions) and itself the company, in preventing the financial difficulties...