Sergio Sanﬁlippo-Azofra, Carlos López-Gutiérrez, Begoña Torre-Olmo
Capital structure has been a frequent topic in ﬁnancial literature because it is one of the most important decisions a ﬁrm can make. Although many important contributions have been made in this area, most of the research does not include ﬁrms in ﬁnancial distress, so the ﬁnancing decisions adopted by these ﬁrms are still not well known. The ﬁnancing decisions of those ﬁrms are very important because most of the strategy decisions such as investments, market entry, or product diversiﬁcation are considerably affected by the ﬁnancial constraints faced by them (Bowe, Filatotchev, & Marshall, 2010).
Michaela Stříteská, David Zapletal, Lucie Jelínková
Increasing globalization and technological revolution represent the primary challenges for maintaining competitiveness in today’s business environment. Concerning these challenges, businesses must create a longterm vision and formulate new strategies to allow managers to manage short-term performance in accordance with long-term needs. Therefore, measuring and managing performance is being increasingly emphasized. There are a growing number of companies that have realized that improving performance and increasing competitiveness can be achieved by developing effective performance measurement and management.
Creativity is a very important aspect of market economy. Some scholars (Howkins, 2007; Florida, 2002) are absolutely enthusiastic about creativity that should give a competitive priority in respect of the competitors. Nevertheless, creativity also raises many problems in management of it from feeling of guilty to threat against identity of organization. In general, creativity is an ambivalent and contradictory phenomenon that covers both positive and negative aspects.
Monica Violeta Achim, Sorin Nicolae Borlea, Lucian Vasile Găban
The economy’s globalization which culminated with the global ﬁnancial crisis that erupted in 2007 has affected the economies around the world demonstrating that the results of research studies on bankruptcy risk prediction are insufﬁcient. Furthermore, the studies conducted so far do not provide direct insight into the capital market to investors for whom the ﬁrst step in a company’s failure is manifested by delisting the company from the stock exchange.
Dalia Štreimikienė, Ilona Ališauskaitė-Šeškienė
External costs are the main market failure. Pollution taxes are applied to internalise external costs of atmospheric emissions. Also subsidies to renewables in the form of Feed-in prices are also applied to internalize positive external beneﬁts associated with use of renewable energy sources which are carbon free and has lower life-cycle emissions of classical pollutants in comparison with fossil fuel based energy generation technologies.