The whole financial sector has been under a remarkable structural change, and one of the major contributing forces has been the rapid advance in information processing based on digital technology. The purpose of this paper is to model the influence of advancing information and transaction...

The importance of data and different sources of knowledge in the development of new services and products, and further in the creation of new markets, has dramatically increased during the past few decades. This empirical study uses data from 531 Finnish firms to explore the determinants of...

Network industries have special characteristics that may influence the nature and the order of magnitude of entry and exit barriers in these industries. Consequently, the entry and exit dynamics of network industries such as the information and communications (ICT) sector may differ from those...

According to the contemporary banking theory, it is conceivable that the rapid advance of information technology has shifted the relative competitive status between the market- based and conventional intermediated finance. When trying to enter into the markets traditionally dominated by...

The study analyses the price formation and market functionality of the Finnish food chain. A significant portion of the report consists of international comparisons. The main comparison countries are the so-called old EU countries (EU15) of Western Europe, the new EU countries (EU12) and the...