The present paper refers to the field of "corporate convergence theory". A recent work on corporate convergence of Krishna et al. (2002) points out that there is little evidence that common standards in corporate fovernance have been implemented.Besides, in the same study (page 2) it is...

In the present note, an effort will be made for a contribution to the economic theory by introducing a practical method to estimate entrepreneurship's reward. As an example, a regression, based on the entrepreneurship's reward, with baning panel data will yield the same main results as in the...

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...