Handbook of the Economics of Finance

International Momentum Strategies

Globalization, Corporate Finance, and the Cost of Capital

(2000). The Lexus and the Olive Tree. Journal of Economic Issues: Vol. 34, No. 1, pp. 232-234.

The Lexus and the Olive Tree

Микроэкономическая теория банковского дела (Microeconomics of banking)

This empirical study contributes towards identifying the effect of social exclusion on labor market integration of people with disabilities in Romania. Certain categories of individuals with disabilities have longer unemployment duration than others and this empirical study is focused on identifying which variables have a significant influence on exit to job hazard on Romanian labor market. The significant gap between employees without disabilities and employees with disabilities in the Romanian labor market can be explain based on certain influential factors such as: Lower productivity levels, higher training costs, differentiated work schedules, special demands, higher risk of work injuries and work-related accidents, etc. The findings reveal the lack of statistical significance for the differences between median survival time and hazard rates of disabled individuals, a function of their disability. Moreover, our results show that only an age and unemployment allowance has had a significant effect on unemployment duration and exit to a job hazard of educated individuals with disabilities.

https://www.mdpi.com/2071-1050/11/18/5014/pdf

Social Exclusion and Labor Market Integration of People with Disabilities. A Case Study for Romania

The aim of this article is to examine the relationship between stock market performance and country level governance indicators. A good quality of governance in a country ensures effective implemen...

Measuring the impact of governance quality on stock market performance in developed countries

This empirical study contributes towards identifying the effect of both fake and real discounts in the Indian marketing environment. A common but unsustainable practice in India is to increase the selling price and then offer a discount on the product. Increasing sales based on fake discount pricing strategy is a primary business development objective in India. The discounts, however, vary across store type and time and are based on product features. The selected databases were collected from the top five Indian e-commerce portals in terms of volume of sales, and from popular brick and motor outlets of tier 2 and tier 3 cities in India. The empirical results indicate that offers based on price in India had an impact of 2.8 times higher than the actual quality of the product. The outcomes suggest that marked price has a significant impact on consumer’s behavior. The results also indicate the existence of a strong correlation between trapping fake discounts and purchase by deceiving and persuading customers in India. Research is empirical in nature and respondents have been selected based on purposive sampling. The study is limited to tier 2 and 3 cities of India for 250 days, and the results are applicable to online and offline retail stores.

https://www.mdpi.com/2071-1050/11/17/4637/pdf

Trapping Fake Discounts as Drivers of Real Revenues and Their Impact on Consumer’s Behavior in India: A Case Study

Financial nexus: Efficiency and soundness in banking and capital markets

In this study, we adopt Wang’s (2002) heteroscedastic stochastic frontier model, which allows us to investigate bank cost efficiency and to measure the marginal effects of some variables on both the level and the variability of inefficiency. In recent years, the financial crisis has significantly affected the banking systems of the transition countries. Hence, the efficiency is of major importance for the stability of the banks. Regarding the determinants of efficiency, we find evidence that banks that follow a more cautious strategy, characterized by lower risk appetite and average expectations on profitability, have higher cost efficiency. We also find that traditional deposit-taking and loan-making still remain the most efficient activity of the banks. Additionally, the results showed that a higher Gross Domestic Product growth rate implies an increase in the inefficiency level, indicating an unsustainable bank management behaviour, which in periods of economic growth adopts policies that can generate ...

Cristi Spulbar

Papers

Social Exclusion and Labor Market Integration of People with Disabilities. A Case Study for Romania

Measuring the impact of governance quality on stock market performance in developed countries

Trapping Fake Discounts as Drivers of Real Revenues and Their Impact on Consumer’s Behavior in India: A Case Study

Financial nexus: Efficiency and soundness in banking and capital markets

Determinants of bank cost efficiency in transition economies: evidence for Latin America, Central and Eastern Europe and South-East Asia