By the beginning of the 21 century, banks and thrifts have provided only 19% of the economy's credit, compared to 26% in 1990 and 40% in 1980. The increase in the role of nonblank credit is coinciding with the technological innovations that transformed the financial services industry in the last...

The results of this paper add significant contributions to the earlier findings that investigated various incentives to CEO's, contingent on future returns. This paper chooses a long time horizon, and revisits the challenges of aligning CEO Compensation with Performance and Shareholders' best...

This paper examines some of the implications that technological innovations have had on the retail side of the commercial banking industry in the recent decade. These innovations enabled financial institutions to overcome previous constraining “blockages” to growth and costs savings, such as...

The paper argues that bond investors (and, implicitly large creditors in general), may not necessarily demonstrate the “Investors' Smartness” that some previous studies attributed to large institutional holders, when it comes to pricing-in for economic shocks likely to occur in future. This...

The USA credit default concerns kept investors worldwide trying to interpret the implications for the American economy and its financial markets and institutions, in the mid and late 1970's, late 1980's and early 1990's, 2000s-2002 and most recently through 2007 and entering 2008. This raises an...

We have examined the impact of factors such as Income level, Health Status, Life Expectancy, Unemployment rate, Capacity Utilization, Samp;P 500 Returns on the retirement decision of the population between the age groups 55-64 and 65 amp; older over the period of 29 years between 1971-2000. For...

Multinational Bank management is facing great challenges as the 21st century unfolds. Mergers and acquisitions within national boundaries and across international borders are creating new entities covering an ever wider range of activities. The large, multinational banks are affected by economic...