Recent studies and events on immigration highlight the strategic importance of an immigration management. The paper aims at emphasizing that a possible solution is to adopt a multilevel governance perspective which focuses on the main actors and processes involved in the immigration management....

The European energy sector has gone through a period of significant change since the 1980s. External factors such as regulation, market competition, and technological innovation, as well as internal factors such as ownership, corporate governance, and culture, have affected the strategic...

The diffusion of Public Agencies seems to characterise the approach to public management in European countries. Under New Public Management, the role of politics is to provide strategic planning and economic policy target defini-tion, whereas the administration is responsible for the management...

New Public Management calls for a clear division between politics and the administration, where the former undertakes strategic planning and defines economic targets and the latter is responsible for public service management. In this context, the agency theory underlines a risk of incoherence...

Conflict of interest could be a serious problem and may lead to fraud practices if it is not managed properly. The various remedies proposed by scholars and practitioners seem to assume that individuals and institutions have a very clear definition of what conflict of interest is and are fully...

The concept of Quality of Public Finance has become of high importance over time. It focuses on the role that public finance and fiscal policy can play to sustain economic growth, employment and competitiveness in the context of European strategy (Lisbon strategy and, now, Europe 2020). Stemming...

This paper examines the behavior of financial markets efficiency during the recent financial market crisis. Using the Hurst exponent as a criterion of market efficiency we show that level of market efficiency is different for pre-crisis and crisis periods. We also classify financial markets of...

The article deals with the nature,basic principles and objectives of the bank risk management system under modern conditions and the requirements of regulators to the transparency of its activities are considered. The authors developed a scheme of risk management and justified basic disclosure...

This paper examines persistence in the Ukrainian stock market during the recent financial crisis. Using two different long memory approaches (R/S analysis and fractional integration) we show that this market is inefficient and the degree of persistence is not the same in different stages of the...

One of the leading criticisms of the Efficient Market Hypothesis (EMH) is the presence of so-called “anomalies”, i.e. empirical evidence of abnormal behaviour of asset prices which is inconsistent with market efficiency. However, most studies do not take into account transaction costs. Their...