Serbian Abstract: Korporativno upravljanje se može shvatiti kao skup mehanizama, koji treba da omoguće zadovoljenje interesa akcionara i ostalih stejkholdera, putem usmeravanja i kontrole menadžerskih aktivnosti. Ono treba da olakša komunikaciju i rešavanje konflikata između akcionara (kao...

In this paper, we investigate the adequacy of scaling, a method frequently used in estimation of standard deviation of stock returns. Scaling is based on the assumption that standard deviation is proportional to the square root of the length of the time interval of the sample (for example daily,...

Functional Signal plus Noise (FSN) time series models are introduced for the econometric analysis of the dynamics of a large cross-section of prices in which contemporaneous observations are functionally related. A semiparametric FSN model is developed in which a smooth, cubic spline signal...

This paper examines features of the Czech stock market’s development from 1997 to 2003 and attempts to unveil the macroeconomic consequences of stock-price development. The analysis of the stock market’s behavior supports a cautionary stance on the hypothesis of the efficient-market theory,...

Serbian Abstract: Prva ozbiljna istraživanja problema realnih (upravljački) opcija inicirana su ekonomskom krizom u SAD tokom 1980 – ih godina. U traganju za uzrocima krize, ekonomska nauka je pažljivo analizirala način upravljanja i vođenja američkih kompanija. Istraživanja su pokazala...