Banking and finance during the past several decades have become “re‐internationalized,” not simply “internationalized.” This becomes clear when we compare the institutional features of banking and finance today with those in the early part of this century, the last period in which both...

The interest shown in the study of the volatility of asset prices has been considerable for several years. In an important paper, Merton (1980) pointed out that a weakness of a significant number of empirical studies of asset returns is the failure to account for the effect of changes in the...

Purpose: The purpose of this paper is to examine whether or not the chief executive officers’ (CEO) compensation is affected by the compensation of the outside directors sitting on their board, who are also CEOs of other firms. Design/methodology/approach: The authors collect CEOs’ and...

Purpose - The purpose of this paper is to investigate the role of institutional developments – market economy, financial deepening, private sector, property rights and rule of law – affecting the bank efficiency in China. Design/methodology/approach - First, profit efficiency and cost...

Purpose – The purpose of this paper is to investigate the role of institutional developments – market economy, financial deepening, private sector, property rights and rule of law – affecting the bank efficiency in China. Design/methodology/approach – First, profit efficiency and cost...

One important issue international firms must face involves the evaluation and control of credit risk. Many studies dealing with international credit management have focused on the practices used by multinational enterprises. In this study we take a different approach to this topic by analyzing...