This study assesses the impact of the single market program (SMP) and the European monetary union (EMU) on the German banking sector. As in contrast to manufacturing or agriculture, many industries within the services sector could seal themselves off the competitors in foreign countries up to...

This paper suggests that current research on international business should provide for a more prominent role of Politics in its analysis. International research examines transactions that reach across national borders, yet nations and their borders have so far not been sufficiently...

This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...

This paper estimates a trivariate two-factor conditional version of the Intertemporal CAPM of Merton (1973).

In the debate on globalization it is often argued that multinational corporations (MNCs) have gained increasing power due to their growth and due to new global or transnational structures and strategies.(...)

The paper documents and analyses the rise of a transnational transport and logistics industry within the European Union...