Purpose – The purpose of this paper is to explore the issues of efficiency, economies of scale and technical change in Southern European banking. Design/methodology/approach – The flexible Fourier functional form of the stochastic cost frontier approach is used to calculate inefficiencies...

Purpose – The purpose of this study is to examine the effect of macroeconomic factors on capital structure decisions of emerging firms. Design/methodology/approach – A panel data covering a period from 1990 to 2006 for 34 emerging market countries were analyzed using the seemingly unrelated...

Purpose – The purpose of the present study is to provide empirical evidence on the factors that influence non-commercial bank financial institutions (NCBFIs) profitability in a developing economy. Design/methodology/approach – The least squares methods of random effects, fixed effects, and...