Adopts a firm-level approach and attempts to develop our understanding of the means through which different types of firm compete. Addresses specifically, a lacuna in existing knowledge by investigating a fundamental research question: “How do firms pursuing a prospector mode of market...

Purpose – The purpose of this research paper is to define a new construct, organisational change capability, which determines an organisation's effectiveness in implementing marketing strategy. Design/methodology/approach – A framework is constructed based on a dynamic concept of strategy,...

This paper uses the concept of the Posterior Cram ́er-Rao bound to analyze the limitations faced when estimating hedge fund exposures from return data. The methodology allows to asses the achievable accuracy of exposure estimates without actually computing them and comparing them to actual...

While existing studies find mixed results on the effect of hidden liquidity, this study exploits the Tick Size Pilot (“the Pilot”) as a quasi-natural experiment and uses instrumental-variable regression analyses to examine how hidden liquidity, both on and off-exchange, affect the...

Issuing the final report on its energy sector inquiry, the European Commission pointed to a range of competition concerns across the EU energy sector, including a lack of integration and transparency. In particular, however, the Commission identified the high degree of vertical integration in...