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The financial crisis from 2008 reduced severly the interest of the population to sign life insurance, in spite of a slow increase in the probability of diseases, illnesses and even death. The risk appetite of the potential customers of life insurance also suffered a severe blow when unitlinked portfolios registered severe losses, so that the majority of life products chose and are still choosing traditional products in Romania, and even then only if they really need it. The paper intends to express the main factor...

The paper deals with mezzanine financing instruments and with their application by non-financial corporations in the Czech Republic. The mezzanine capital represents a hybrid source of financing, which you can find in the balance sheet between equity and debt and which interconnects their features. Mezzanine financing instruments include participating loans, participating bonds, subordinated loans, subordinated bonds, convertible bonds, bonds with warrants, silent participations and preferred stocks. On the basis ...

This article discusses the role of reporting of intangible assets for universities in modern innovative economy and represents the results of statistical analysis of the available information about intellectual property of universities in different countries. The article also summarizes initiatives on development of the intangible assets accounting and reporting guidelines and gives some recommendations on the information disclosure for universities.

The global financial crisis has been accompanied by a significant increase in the volatility of financial markets. It has supported the boom of various indexes that measure the expected volatility. Some of these indexes are used as an underlying asset of various financial derivatives and can be regarded as an investment asset nowadays. The aim of this paper is to evaluate the perspectives, advantages and disadvantages of volatility indexes as investment assets.

The method of an estimation minor share holdings of the companies of electric power industry is described by a method of discounting of dividends. Researches are resulted and results of an estimation a minor share holding of one of the largest Siberian companies of electric power industry are given.

At European level, economic governance is designed more and more based on information from national accounts, harmonized by the European System of Accounts 1995 (ESA95), the statistical standard behind of many macroeconomic indicators such as gross domestic product (GDP), budget deficit and public debt, a set of macro-accounting rules followed also by Romania. Globalization has induced this trend internationally, among all countries, because comparability is essential for analysis and evaluation, implementation of...

The purpose of the article is to assess the exchange rate forecasting possibilities with a modified microstructure approach model. In this research, the main model's element order flow is represented by dealer clients' long/short positioning ratio. A regression analysis is done to distinguish whether it is possible to forecast the exchange rates with clients' long/short positioning ratio. Then three investment strategies are composed to compare the effectiveness of the forecasts. A conclusion is made that retail t...

A first step in addressing the relation between accounting and taxation is to describe the main traditional accounting models, namely continental accounting model and the Anglo-Saxon accounting model. The Continental model, agreed in our country, stipulates that the state is the one who is the primary user of accounting information and it is subject to the rules while the Anglo-Saxon accounting model takes into account the financial resources of the entities that are procured by the capital market, market responsi...

Area of alternative energy in the world appeared relatively recently and at once attracted considerable attention to itself, from year to year continuing to strengthen its influence and popularity worldwide. However, international experience shows that in spite of all the advances in the field of alternative energy, the share of electricity from renewable sources in the total volume is still relatively small. But if take into account the great financial and technological difficulties of the transition to renewable...

This article discusses the problems of investment in national innovative projects. Prerequisite for the development of economy and building a national innovation system is the high investment activity. Especially that the new economy is based on intellectual resources, high-tech and information technology, which means a new technological level of the entire economy. Nevertheless, most innovative companies are experiencing difficulties in attracting the investments needed to implement innovative projects. The exist...

At the end of the `90s, in the U.S. economy, shortly after the technology stock market bubble bursts, thousands of companies ' balance sheets have been subsequently corrected for accounting irregularities, even for fraud . Not many people were aware that the stock market bubble and accounting scandals may have common roots. The unimaginable destruction due to the credit bubble of the period between 2007-2009 have confirmed this opinion, and placed the accounting scandals of the early years of 2000 in a new light a...

The concept of virtual currency started to be used mainly in 2008 when Bitcoin was introduced and has since gained traction with merchants around the world. This sort of currency has no central issuing authority, and uses a public ledger to verify transactions while preserving users' anonymity. This paper analyzes its positive and negative effects and focuses on development of selected virtual currencies like Bitcoin and Litecoin. It also tries to predict the future development of Bitcoin and compare it to other c...