The aim of this paper is to identify the different role of financial funds in traditional and R&D investments in Italian firms. Given its intrinsic characteristics, R&D is usually characterized by high information opacity and thus implies, coherently with the asymmetric information theory,...

This study aims to verify whether there are any macroeconomic variables that have significant power in predicting the dynamics of financial markets. In particular, we want to identify an econometric model that can guide the strategies of operators in building their investment portfolios. The...

The main purpose of this paper is to assess empirically the size of the informal economy in Albania over the last two decades, and its consequences on the financial deepening of the country. We will present a brief review of the informal economy development in Albania, and assess its size...