Does entrepreneurial optimism affect business performance? Using a unique data setbased on repeated survey design, we …

, eliminates agency problemsassociated with dispersed ownership. On the other hand, it may lead to entrenchment of uppermanagement … concentrated ownership and entrenchment of ownermanagerson firm performance. Our results indicate that, during the 1995-2002 period …, M&Ain India led to deterioration in firm performance. We also find that neither the investors in theequity market nor …

This paper analyzes the evolution in bank performance following the removal of legalrestrictions on the entry of … liberalization occurred in each country. Bank performance isreflected by accounting measures of profitability, net interest margin … significant impacts on bank performance. Indeed, weobserve significant declines in banks' profits and net interest margins, and a …