Individuals and business owners engage in an increasingly complex array of financialdecisions that are critical for their success and well-being. Yet a growing literature documentsthat in both developed and developing countries, a large fraction of the population is unpreparedto make these...

[...]This article contributes factually to the debate over theopening of emerging markets to foreign participation byexploring the experiences of Argentina and Mexico—two markets that exhibit a significant degree and duration offoreign bank activity.We begin our analysis by presenting the...

This paper provides an overview of the complex conceptual and practical challenges thatemerging market economies face as they attempt to reform their frameworks for financialregulation. These economies are striving to balance the quest for financial stability with theimperatives of financial...

Although there has been an intensive debate on the relative merits of different systems of corporate governance, empirical evidence on the link between corporate governance and firm performance almost exclusively refers to the market-oriented Anglo-Saxon system. This paper therefore investigates...

This paper uses firm-level data on 162 large Hungarian enterprises to analyse the relationship betweenownership structure and corporate performance in 1998 and 1999. Cross-sectional regressions are runfor each of these years using the return on assets (ROA) as the measure of performance. Both...

The paper presents early results of the survey of 84 Polish privatised industrial companies, sampled from a list of the 500 biggest firms. Three aspects of corporate governance were analysed: ownership structure, management of the companies, and supervision structures. An attempt was made to...

The present paper examines the capital structure adjustment dynamics of listed non-financial corporations in seven East Asian countries during 1994-2002. Compared to firms in the least affected countries, average leverages were much higher among firms in the worst affected countries while the...

This paper proposes that the lack of a theoretical framework able to address policyissues on the firm as well as the industry level in an integrated manner contributes toa failure of developing effective e-commerce policies. Specifically, theoreticalapproaches fall into the two broad categories...

Entrepreneurship literature (Parker 2004) has rarely considered spatial locationas a micro-determinant of occupational choice, although there are compellingreasons to posit that spatial location influences economic behavior. Using Bayesiansemiparametric methodologies and geoadditive techniques,...

Empirical work on micro and small firms has focused on developed countries.The little work that exists on developing countries is all too often based on smallsamples taken from ad hoc questionnaires. The census data we analyze are fairlyrepresentative of the structure of small business in India....