The issue of cross-border bank mergers and acquisitions efficiency is considered. The effect of synergy gains on the success of such agreements is emphasized. The model of taking a decision by acquirer about economic suitability regarding deal realization is developed.

In the present work I tried to reach two main objectives. The first consists in determining whether the theoretical methods regarding the ascertainment of the optimal moment of replacement can be used as tools in adopting a decision of replacement and upgrade of fixed mechanisms in a company....

The Japanese “Big Bang” financial deregulations started in 1996. The objective was to make the Japanese banking sector more “free, fair and global”, spurring competition and resulting in a more profitable and efficient financial sector. The Big Bang brought about a massive consolidation...

This study suggests that, run test, which are based on signs of indices / rates, do not reject efficient market hypothesis in the case of all the three markets, whereas VR tests, which capture the variation in permanent component of the series as a ratio to the total variation, reject the...

A cake is a metaphor for a heterogeneous, divisible good, such as land. A perfect division of cake is efficient (also called Pareto-optimal), envy-free, and equitable. We give an example of a cake in which it is impossible to divide it among three players such that these three properties are...

This paper is devoted to econometric analysis of broadband adoption efficiency in EU member states. Stochastic frontier models are widely used for efficiency estimation. We enhanced the stochastic frontier model by adding a spatial component into the model specification to reflect possible...

The purpose is to investigate the efficiency levels of commercial domestic versus foreign banks in France by comparing the use of basic accounting ratios and the stochastic cost and profit frontier analysis (SFA). We analyze the profit and cost efficiency of domestic and foreign banks operating...

This paper aimed at a statistical analysis of competition for tourists between regions within Baltic states (Estonia, Latvia, Lithuania) and estimation relative efficiency levels of regions. We apply a modern approach called Spatial Stochastic Frontier and corresponded to spatial modification of...

By starting with the statement of Alfred Marshall: "The most valuable of all capital is invested in being human" we can consider the quality of human resources in general and quality of educational resources, especially as a decisive factor for economic growth together. The specialists...

This essay will critically evaluate positions that have emerged in the literature in favor of the welfare state. The downsizing of the welfare state, which would, inter alia, to reduce government spending, provide greater scope for the free market. The transition from a welfare system to a...