In economic development, aggregate economic growth is accompanied by structural change among the three main sectors of an economy. Nevertheless, the question whether economic growth causes structural change, or changes in the economic structure cause aggregate growth is still unanswered. To shed...

Using the GMM estimator technique described by Arellano and Bover (1995), this paper analyzes the profitability of 372 commercial banks in Switzerland over the period from 1999 to 2009. To evaluate the impact of the recent financial crisis, we separately consider the pre-crisis period,...

Using a broad bank-level dataset and the GMM estimator technique described by Arellano and Bover (1995), this paper analyses how bank-specific characteristics, macroeconomic variables, and industry-specific factors affect the profitability of 10,165 commercial banks across 118 countries over the...

New liquidity rules phased in under Basel III define the new net stable funding ratio (NSFR) to promote sustainable funding structures at financial institutions. In this paper, we analyze characteristics and drivers of NSFR for a sample of 921 Western European banks between 1996 and 2010. We...

In economic development, long-run structural change among the three main sectors of an economy follows a typical pattern with the primary sector (agriculture, mining) first dominating, followed by the secondary sector (manufacturing) and finally by the tertiary sector (services) in terms of...

Der Beitrag beschreibt die Entwicklung organisatorischer Kompetenz. Fuer Unternehmen stellt sie eine Moeglichkeit dar, ihre Handlungs- und Wettbewerbsfaehigkeit auch in einer komplexen dynamischen Umwelt zu erhalten, indem sie ihnen ermoeglicht, sich jederzeit sowohl an neue Situationen...

Die gegenwärtig stattfindenden tief greifenden Umwälzungen in Wirtschaft und Gesellschaft verlangen nach einem innovativen Organisations- und Führungskonzept. Es muss sowohl die Anpassungsfähigkeit von Unternehmen an ihre komplexe dynamische Umwelt sicherstellen als auch ihre Fähigkeit,...