The aim of this article is to underline the development of the Evolutionary Theory starting from the original book of Nelson and Winter [1982]. This book is inspired by the Shumpeterian and Simonian traditions even if these authors are abandoning some of their core hypothesises. Nelson and...

With the increasing domination of foreign capital in banking sectors of transition countries, it is of the highest interest to investigate the relative performance of domestic-owned and foreign-owned banks in these countries. We therefore aim here to compare the technical efficiency of...

This paper aims at providing theoretical foundations to the role of customer relationship as a strategic barrier to entry on banking markets. A bank which grants a loan to a customer gains a comparative advantage in information on this customer as compared with competitors. This informational...