The driving engine of this research is to verify the stock price formation on the capital market in Romania, under the fundamental Modern Finance assumption of rational economic behavior and financial performance of the issuer, of the industry and the national economy. Moreover, our research...

Both the real estate market and the mortgage sector have had similar evolutions since 1990, with a significant influence on one another. In the first few years of this interval, the term „housing loans” was mostly associated with the state-run financing schemes for the purchase of such...

Various research studies addressing the specific problems and difficulties in the underdeveloped regions in the transition countries from Central and Eastern Europe have identified possible reactions regarding appropriate economic and social policy measures. Some of them take into consideration...

The evolution of the organizational forms has seen quite dynamic in recent years, registered trends being observed in the enterprise subsystems. The human resources function, a subsystem in continuous development since the 1990s, is subjected to changes such as decentralization, hierarchical...

Efficient distribution of human and goods transport has always been an important element in maintaining the economic systems cohesion. Together with the economic and technological development, the purposes to attain this goal have considerably evolved. The integration of the Centre, Eastern and...

Companies are complaining about the decrease of sales and their constant tendency to go down. Nevertheless, they have detected serious and expensive policies in their specialized departments, they have modified the organizational structures, they have technically trained salespeople and have...

The abundance of risk metrics stems from the effort to measure the difference between the expected and actual returns, under a hypothesis of normality. Under the assumption of risk aversion, investors are likely to quantify risk using metrics which measure returns lower than the expected...

In the new economy, R&D potential of the companies (reflected by intangible assets) tends to make the difference between competing enterprises. Although investing in tangible assets is still viewed as important, the researchers have discovered that investors on capital market tend to buy stocks...

Although the field of modern finance has progressed impressively, it is still hard to explain on a scientific basis why people behave nonrationally when dealing with money. The classic finance assumes people rationalize and optimize their financial decisions. Behavioral Finance adds the...

According to the logics of the efficient capital investment, the management of the investment of the saving capital in the company’s assets must conclude, on the end of the financial year, with a plus of real value (NPV 0). From this point of view, in this paper we suggest the usage of an...