Theory suggests that the effect of banking market concentration on financial stability is mediated by several competing variables. Using a sample of 68 countries from 1997 to 2015, this paper proposes a unified empirical framework to test for the simultaneous presence and impact of the mediators...

Theory suggests that the effect of banking market concentration on financial stability is mediated by several competing variables. Using a sample of 68 countries from 1997 to 2015, this paper proposes a unified empirical framework to test for the simultaneous presence and impact of the mediators...

In this paper, we study the impact of the executive ownership on the probability of adopting an excess cash policy in the UK over the period 1990-2007. We provide a new approach to identify firms which adopt an excess cash policy and we distinguish between executive and non executive ownership....