Search results for "lcsh:Finance"
showing 10 items of 58 documents
Integration of Capital Markets from Central and Eastern Europe: Implications for EU Investors
2014
Our paper investigates the extent of capital market co-movements between three emerging markets– Czech Republic, Hungary and Poland – and three developed markets from the European Union - Austria, France and Germany. We test whether an increase in correlations between the six markets took place in recent years, as revealing higher integration of capital markets in the region. We find a statistically significant positive trend in cross-market correlations between 1999 and 2008, before the emergence of the global financial crisis. Movements in national stock markets are not fully synchronized, but increases in market volatilities lead to increases in cross-country correlations. There is a lon…
The National Income Between Monetary and Fiscal Actions
2013
Andersen and Jordan (1968) and Andersen (1971) argued that fiscal actions have a negligible effect on nominal income and can not sustain a stable and balanced economic growth. Also, they argued, along with other researchers who have embraced monetarism ideas from the Federal Reserve Bank of St. Louis, that the budget deficit presents negative effects in the economy that limit private investment. In this article, we analyzed the empirical relationship that is established between the tax actions and the long and short term national income in the U.S. economy and the economies of Eurozone.
Investment Modelling at the Euro Area Level
2014
The aim of this research is to model the investment function at the level of the Euro zone. To achieve this main objective, we use and implement the structural equation modeling procedure for empirical analysis. Using this technique, the causal relationships established between investment and influencing factors are estimated and tested. Also, in the process of modeling structural equations, we examine empirical data sets related to the Euro area’s Member States.
FUNCTIONAL ANALYSIS OF THE HEALTH SECTOR IN ROMANIA
2015
This paper comprises an assessment of the Romanian health financing policy and a detailed analysis of income and expenditure trends over the past seven years. The current situation of the health system is evaluated by reviewing the existing health legislation and documents on public health policies from Romania and from abroad, by analyzing the official statistics (the Romanian Yearbook of Health Statistics, Who database) and by performing a healthcare system financial analysis. Although the financial efforts of the Romanian state to support the health system have increased, almost all the incomes and expenditures of the health care system having recorded significant increases, the populati…
THE CONTEMPORARY APPROACH OF TAXATION, FROM THE POINT OF VIEW OF ITS HISTORICAL EVOLUTION. THEORETICAL FRAMEWORK
2020
The topic of this research focuses on the study of the taxation process, which is one of the oldest activities in human history and has played a key role in civilized societies for thousands of years, developing its roots with the emergence of the state and trade relations between people. The research methodology is mainly based on the method of theoretical research and the method of reading the literature, being mainly a qualitative research, designed to provide a generous substrate in addressing the process of taxation in economic life. Thus, this theoretical research aims to briefly cover the most important historical stages of taxation in order to provide a comprehensive definition of t…
The closer¿ the unsafer: may the lack of safe distance be a silent contributor to the burden of traffic crashes in Spain?
2020
Not keeping an adequate safe distance is one of the elements that are directly related to traffic accidents. The main objective of this research was to identify the aspects that modulate the safe distance-accidents relation. Specifically, the frequency and reasons why drivers do not keep the safe distance, the perception of drivers regarding the probability of penalty, the penalties imposed and their severity, and the drivers’ opinion on the effectiveness of such penalties in order to change this behavior. A questionnaire was administrated to a sample of 1,100 Spanish drivers having any kind of driving license. The results showed that only the 5,6% of drivers always or sometimes do not keep…
ANALYZING THE EUROPEAN MARKET OF INTEREST RATE SWAP INDICES
2012
The interest rate risk is the most important risk that derives from the OTC transactions, taking into consideration both the notional amounts and the market value of the financial derivatives that relies on interest rate contracts. Open positions on interest rate derivatives represents more than 75% of the OTC market. In the European banking market interest rate swaps prices are strongly dependent on the interbank interest rates. In this paper we want to analyze the behavior of the Eoniaswap indices and their impact on the interest rate swaps between banks.
Erratum to «Institutions and conflicts of interests in the international accounting regulation: The Spanish financial industry case»
2015
Instituciones e intereses en conflicto ante la regulación contable internacional: el caso del sector financiero españo Begoña Giner
La contabilidad de costes a finales del s. XIX: el caso de la empresa española Trenor y Cía. (1838-1926)
2006
El objetivo principal de este estudio es aportar evidencia empírica sobre la evolución de los sistemas de costes, y el papel de la información contable como instrumento esencial en la gestión y evolución de las empresas, para lo que hemos investigado el caso de la sociedad colectiva Trenor y Cía., una de las empresas más relevantes de la economía valenciana del siglo XIX, por su contribución al desarrollo agrícola e industrial. Aunque inicialmente se estableció en una fábrica de hilatura de seda y se dedicó a la importación y exportación de productos agrarios, exportación de pasas sobre todo, y a las operaciones de banca, en las últimas décadas del siglo XIX comenzó la producción de sacos, …
From accrued to paid income tax: A review of effective tax rate calculation
2019
Los estudios que han tratado de valorar la presión fiscal de una sociedad como consecuencia del impuesto sobre sociedades recurren generalmente al impuesto devengado como aproximación, aun sabiendo que difícilmente coincidirá con la cantidad verdaderamente pagada. Sin embargo, como consecuencia de los cambios producidos en las cuentas anuales para su adaptación a la normativa internacional, contamos con una información adicional en el balance (activos y pasivos fiscales) que hace posible obtener el importe del impuesto sobre beneficios pagado por las empresas, pudiendo medir de forma más precisa su verdadera presión fiscal. Teniendo en cuenta esta circunstancia y que ya disponemos de inform…