This study investigates the role played by production flexibility in explaining the lasting presence of small firms alongside their larger counterparts in the market. The production flexibility hypothesis postulates that the market place provides room for both large and small firms because large...

In this paper the hypotheses on motives for vertical integration as proposed by Stigler are empirically tested using a panel dataset from Malaysian manufacturing under both fixed-effects and random-effects specifications. Because the degree of multinational participation is expected to influence...

Concentration on banking industry may have long-lasting implication on financial market development. Some argue that concentration in the credit market introduces inefficiencies that would harm a firm's access to credit, thus hindering growth. On the other hand, some recent studies point out...