fact that market efficiency tests rely on establishing profitable trading opportunities in ‘real time’. Forecasters … tests of market efficiency and the search for successful forecasting approaches. …

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …

indicator duality and production theory. The paper shows that users benefited through lower real water prices -although users in … shows that taxpayers are the main losers as subsidies are still needed. There are also serious efficiency-equity trade …

In this Paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial …