This paper proposes a method for measuring investor risk appetite based on the variation in the ratio of risk-neutral to subjective probabilities used by investors in evaluating possible future returns to an asset. Unlike other indicators advanced in the literature, our measure of market...

The major objectives of the study is first to describe and analyse agricultural policy in Morocco and second to evaluate this policiy from the perspective of development economics Die vorliegende Arbeit verfolgt zwei Hauptziele. Sie will versuchen, erstens die Grundlinien der in Marokko seit der...

During the last decade, the business community ends especially the companies that activate in the fields responsible for the degradation of the environment, are seen as subjects whose main role is to ensure sustainable development. They must face growing pressures from the stakeholders, who wish...

In this study we present the results of basic data analysis of the duration of unemployment spells in Gorj County using Kaplan – Meier curves The database includes individual information about all the subjects registered at the county agency of Gorj county during January 1st, 2002- August...

This paper explores the use of information on the firm-level prices of the produced output and employed inputs, as well as on the firm-level demand relationship, to identify the parameters of the production function. By considering the system of equations which includes the demands for variable...

The aim of this note is to raise some doubts about the opportunity to abandon the economic policy strategies that support aggregate demand because it is a prerequisite to realize the credibility of the new currency- the Euro. Prevailing literature states that, in the choice between inflation and...

Petrobangla is the sole responsible organization to maintain the fossil fuel sector in Bangladesh. It is accountable to next generations for oil, gas and other natural resources. It is necessary to ensure optimum use of these resources. Development activities cannot be sustained if these...

The role of the state is finally the decision of the citizens. The government, being a result of elections, can provide more or less protection and increase or decrease expenditures. Anyway for achieving goals and for being performant the state definitly has to promote a good governance. Good...

This paper offers a non-technical discussion of the literature on the theoretical foundations of the incomplete contracting approach.

The past few years have seen a growing trend towards the focus on audit liability. In the UK, the Company Law Reform Bill which became the Companies Act 2006, has removed the previously existing limits on auditor liability and compelled an agreement between the company and the auditor. As well...