This paper investigates the relationship between different classes of institutional investors and firm performance. Using industry level data from Finland, which is characterized by various institutional investors who own multiple ownership stakes in different firms across a broad spectrum of...

Whether sectoral diversification affects the exchange rate regime choice and the mechanisms through which this effect might work are largely unknown. This study identifies two mechanisms through which sectoral diversification and exchange rate regime choice may be related, namely the external...

This paper examines income convergence across U.S. regions for the period 1929-2002 using unit root and cointegration techniques. The findings suggest it is difficult to reject non-convergence in per capita incomes across regions even when endogenous breakpoints are included. Interestingly, we...

The present study is an attempt to explore the potentials for expanding trade and investment under the ambit of sub-regional cooperation comprising four contiguous countries of Eastern South Asia which includes the two fast growing economies -India and China and the two developing economies of...