We explore the impact of a production technology on financial performance from the perspectives of technology diffusion and competitive strategy theory. We analyse how diffusion at firm and market levels influences the returns from the technology. We suggest that firm heterogeneity in the level...

The objective of this paper is to analyze the possible long-term consequences of deregulation on financial exclusion in a European context. Although this is an issue frequently treated by US researchers, it has traditionally received much less attention in Europe. The deregulation that took...

This paper studies the impact of new technologies on productivity from the perspective of the technological diffusion literature. We argue that several stylised facts about the intrafirm diffusion process are not taken into account in most current research, which results in potentially erroneous...

Mergers and acquisitions are frequently justified in terms of value creation or efficiency improvements. Nevertheless, the evidence is not consistent with the existence of benefits in terms of the costs, productivity, profitability or market value of the firms involved. A distinguishing feature...

This paper analyzes the factors that influence entry and geographic diversification decisions, a topic of special strategic interest in a context of growing globalization. The empirical model we propose is tested in a framework- the Spanish savings-bank market-where recent deregulation has...

This paper analyses the evolution of the mobile communications industry in the European Union. The research focuses its interest on the different roles played by the regulator in Europe and in other regions of the world (mainly the US). The diffusion of GSM was extraordinarily fast in Europe,...