competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …

factors they perceive as drivers and obstacles to financing SMEs. We also study to what degree competition and the … banks in both countries. In particular, banks have begun to target SMEs due to the significant competition in the corporate …

III rules, thus suggesting a ‘race to the top' in capital standards. We study regulatory competition when banks are … coordinated ones when governments care equally about bank profits, taxpayers, and consumers …

failures. In this model, there is no trade-off between bank competition and financial stability … mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize … banks is higher than that of banks enjoying monopoly rents, and is robust to the introduction of social costs of bank …

Using data from the U.S. automobile market, we empirically examine the link between competition and innovation … this an interesting market to examine the link between competition and innovation. We use firm-level time-series data over …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market …

This paper examines how product market competition affects firms’ timing of adopting a new technology as well as … but also among markets with Cournot and Bertrand competition. More specifically, Cournot competition can lead to earlier … adoption than Bertrand competition. It shows also that competition toughness does not always reinforce adoption incentives …

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed … definitions of competition: the intensity of import penetration, which accounts for price competition, and the intensity of R …&D and advertising expenditures, which captures the oligopolistic nature of competition when products are vertically …

predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the …

We study the effect of analyst coverage on firms' innovation strategy and outcome. By considering three different … negative effect becomes not significant when firms' in-house R&D spending and external innovation channels are taken into … account. We find that more financial analysts encourage firms to make more efficient investments related to innovation, which …