Articles Mejra Festić, University of Maribor; Economic Institute of the Law School, Ljubljana (mejra.festic@uni-mb.si; mejra.festic@eipf.si); Dejan Romih, Economic Institute of the Law School, Ljubljana; University of Maribor (dejan.romih@uni-mb.si, dejan.romih@hse.si). CYCLICALITY OF THE BANKING SECTOR PERFORMANCE AND MACRO ENVIRONMENT IN THE CZECH REPUBLIC, SLOVAKIA AND SLOVENIA [full text (PDF)] Roman Hušek, University of Economics, nám. W. Churchilla 4, CZ - 130 67 Praha 3 (husek@vse.cz); GA ČR 402/06/0190. Václava Pánková, University of Economics, nám. W. Churchilla 4, CZ - 130 67 Praha 3 (pankova@vse.cz); GA ČR 402/07/0049. EXCHANGE RATE CHANGES EFFECTS ON FOREIGN DIRECT INVESTMENT [full text (PDF)] Adam Geršl, Czech National Bank, Prague, and Institute of Economic Studies, Charles University in Prague (adam.gersl@cnb.cz); Jaroslav Heřmánek, Czech National Bank, Prague (jaroslav.hermanek@cnb.cz). INDICATORS OF FINANCIAL SYSTEM STABILITY: TOWARDS AN AGGREGATE FINANCIAL STABILITY INDICATOR? [full text (PDF)] Fauziah Md. Taib, School of Management - University Sains Malaysia, 11800, USM, Penang, Malaysia; Anton Abdulbasah Kamil, School of Distance Education - University Sains Malaysia, 11800, USM, Penang, Malaysia (anton@usm.my); Augustinus Setiawan, School of Management - University Sains Malaysia, 11800, USM, Penang, Malaysia. NON-LINEAR DYNAMIC PANEL DATA ANALYSIS FOR DEBT-EQUITY CHOICE AND ITS IMPACT ON MORAL HAZARD PROBLEMS [full text (PDF)] Juan Carlos Bárcena-Ruiz, Departamento de Fundamentos del Análisis Económico I. Facultad de Ciencias Económicas y Empresariales, Universidad del País Vasco, Avenida Lehendakari Aguirre, 83, 48015 Bilbao (juancarlos.barcena@ehu.es) ARE THE PUBLIC FIRMS MORE INNOVATIVE THAN THE PRIVATE ONES? [full text (PDF)] Ismail Issham, Universiti Sains Malaysia, Penang (issham@usm.my); Abdul Samad M Fazilah, Universiti Malaya, Kuala Lumpur; Yen Siew Hwa, Universiti Sains Malaysia, Penang (shyen@usm.my); Anton Abdulbasah Kamil, Universiti Sains Malaysia, Penang (anton@usm.my); Azli and Meor Azli Ayub, Universiti Sains Malaysia, Penang (azli@usm.my). ECONOMIC VALUE ADDED (EVA) AS A PERFORMANCE MEASUREMENT FOR GLCS VS NON-GLCS: EVIDENCE FROM BURSA MALAYSIA [full text (PDF)]