The significant effects of market frictions on optimal consumption and investment have been widely documented throughout the literature. This dissertation devotes to address the issue when there are transaction costs in the consumption good market or when investors are subject to any combination...

The contribution of SMEs is extremely important to the economy in China, so how can they improve their competition and enhance their innovation capability, which is a serious problem for them to consider? Owing to global business development influence, Chinese SMEs need to know Western...

China's economic reform initiated in 1979 has brought about the partial functioning of markets and the growing interest in Western marketing on the part of academics, practitioners, and governmental bodies. In the West, despite the repeated espousal since the 1950s, marketing orientation has...

This paper examines the relationship between the regulatory and supervision framework and the productivity of banks in 22 countries over the period 1999-2006. We follow a semi-parametric two-step approach that combines Malmquist index estimates with bootstrap regressions. The results indicate...

Studies of banking competition and competitive behaviour both within and across countries typically utilise only one of the few measures that are available. In trying to assess the relative competitive position of banking markets in 14 European countries, we find that the existing indicators of...

What is the relationship between bank fragility and competition during a period of market turmoil? Does market power in European banking involve extra-gains after discounting for the cost of government intervention? We answer these questions in the context of Eurozone banking over 2005-2012 and...