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This paper discusses how to find the ‘real’ return for a tourism site by constructing accounting statements that take into account financial and environmental expenses, assets and liabilities. The concept of environmental accounting (EA) allows businesses and nations to report financial/economic...
The paper analyses topical issue of debt capital raising by small and medium-sized enterprises in the Baltic States under changing economic conditions. Raise of debt capital is crucial for SME, as financing and its availability is a critical precondition for the survival and development of...
This study investigates the effect of macroeconomic factors on the conditional volatility of developed and emerging bond markets using ARMAGARCH model and examines the effect of macroeconomic factors themselves rather than the effect of announcement of macroeconomic factors. The findings show...
This study examines the dynamic causal (linear as well as nonlinear) relationship between trading volume and return and between volatility and returns. We have used the vector autoregression based Granger causality framework to examine the linear causality, while the non-linear causality have...
In the empirical literature, only few studies have focused on the relationship between oil prices and stock markets in both exporting and importing countries. Previous studies have focused almost exclusively on oil exporting countries; in this paper we encounter this issue through implementing...
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