COMPANY FINANCIAL DIAGNOSIS IN CEE COUNTRIES
This paper focuses on developed versus emerging markets arbitrage in terms of investors’ perception. We first perform a literature review on the topic, highlighting out both disconnection and transmission belt theories. Then we conduct a deep comparative analysis on the East-European corporate versu...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Petrosani
2010-01-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | http://www.upet.ro/anale/economie/pdf/20100302.pdf |
| _version_ | 1819183085153943552 |
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| author | PETRE BREZEANU CRISTINA MARIA TRIANDAFIL CĂTĂLIN HUIDUMAC |
| author_facet | PETRE BREZEANU CRISTINA MARIA TRIANDAFIL CĂTĂLIN HUIDUMAC |
| author_sort | PETRE BREZEANU |
| collection | DOAJ |
| description | This paper focuses on developed versus emerging markets arbitrage in terms of investors’ perception. We first perform a literature review on the topic, highlighting out both disconnection and transmission belt theories. Then we conduct a deep comparative analysis on the East-European corporate versus government spread bonds evolution during the last 10 years, 1997 being precisely the year when Basel II sovereign ceiling requirement was softened. Thus, we are interested especially in the way investors perceived East-European emerging countries afterwards. Conclusions are worthwhile in the context of the actual financial crisis from many perspectives: emerging markets attraction to foreign investors, corporate and sovereign rating interconnectivity for the countries in the sample (Romania, Bulgaria, Poland and Hungary) and corporate finance decision approach within East-European emerging countries. |
| first_indexed | 2024-12-22T22:56:25Z |
| format | Article |
| id | doaj.art-c54c37307285455cb33c970bda19a6f5 |
| institution | Directory Open Access Journal |
| issn | 1582-5949 |
| language | English |
| last_indexed | 2024-12-22T22:56:25Z |
| publishDate | 2010-01-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj.art-c54c37307285455cb33c970bda19a6f52022-12-21T18:09:49ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492010-01-01X31324COMPANY FINANCIAL DIAGNOSIS IN CEE COUNTRIESPETRE BREZEANUCRISTINA MARIA TRIANDAFILCĂTĂLIN HUIDUMACThis paper focuses on developed versus emerging markets arbitrage in terms of investors’ perception. We first perform a literature review on the topic, highlighting out both disconnection and transmission belt theories. Then we conduct a deep comparative analysis on the East-European corporate versus government spread bonds evolution during the last 10 years, 1997 being precisely the year when Basel II sovereign ceiling requirement was softened. Thus, we are interested especially in the way investors perceived East-European emerging countries afterwards. Conclusions are worthwhile in the context of the actual financial crisis from many perspectives: emerging markets attraction to foreign investors, corporate and sovereign rating interconnectivity for the countries in the sample (Romania, Bulgaria, Poland and Hungary) and corporate finance decision approach within East-European emerging countries.http://www.upet.ro/anale/economie/pdf/20100302.pdfsovereign ceilingcorporate ratingsovereign spreadsemerging |
| spellingShingle | PETRE BREZEANU CRISTINA MARIA TRIANDAFIL CĂTĂLIN HUIDUMAC COMPANY FINANCIAL DIAGNOSIS IN CEE COUNTRIES Annals of the University of Petrosani: Economics sovereign ceiling corporate rating sovereign spreads emerging |
| title | COMPANY FINANCIAL DIAGNOSIS IN CEE COUNTRIES |
| title_full | COMPANY FINANCIAL DIAGNOSIS IN CEE COUNTRIES |
| title_fullStr | COMPANY FINANCIAL DIAGNOSIS IN CEE COUNTRIES |
| title_full_unstemmed | COMPANY FINANCIAL DIAGNOSIS IN CEE COUNTRIES |
| title_short | COMPANY FINANCIAL DIAGNOSIS IN CEE COUNTRIES |
| title_sort | company financial diagnosis in cee countries |
| topic | sovereign ceiling corporate rating sovereign spreads emerging |
| url | http://www.upet.ro/anale/economie/pdf/20100302.pdf |
| work_keys_str_mv | AT petrebrezeanu companyfinancialdiagnosisinceecountries AT cristinamariatriandafil companyfinancialdiagnosisinceecountries AT catalinhuidumac companyfinancialdiagnosisinceecountries |