Using a large sample of Italian banks over the period 2006-2009, this paper provides new evidence for the effect of the geographic distance between bank's headquarters and its branches; and furthermore for firm's characteristics, such as diversification strategies, risk exposure, ability to...

As, in Europe, many institutional reforms have been undertaken to establish an economic union, it can be expected that the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the market for corporate control – an illustrative market...

We analyze the role of distance from a university in the decision to attend higher education in Germany. Students who live near a university can avoid moving and the increased living expenses by commuting. Thus, transaction cost arguments would suggest that the greater the distance to the...