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This paper empirically examines how changes in the hierarchical structure of a large organization can affect incentives …
Persistent link: https://www.econbiz.de/10005077034
We address the issue of whether financial structure influences economic growth. Three competing views of financial structure exist in the literature: the bank-based, the market-based and the financial services view. Recent empirical studies examine their relevance by utilizing panel and...
Persistent link: https://www.econbiz.de/10005561594