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Against the background of the great financial crisis, this paper assesses the merits of bank-based versus market-based financing by exploring the relationship between financial structure and systemic risk. The findings indicate that bank-based financial structures are associated with higher...
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This study conducts an international comparison of productivity and profitability. First, the level and growth of … has been the ICT revolution. Second, the profitability of industries is calculated for 2007. Profitability is divided into … productivity, prices and labour compensation. The results show that profitability in Finnish manu-facturing is competitive because …
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