The paper investigates the impact of macroeconomic conditions on the profitability of EU banks, by testing for … of bank profitability to economic growth across business models. Our main result is that GDP growth, credit growth and … the risk-free yield curve influence profitability as expected, but we also find that the effect of GDP growth is only …

After decades of declining profitability, China's industrial state-owned enterprises appear to be obsolete. This book … profitability of these industrial state-owned enterprises, to determine their current profitability patterns across various … dimensions, and to account for profitability gaps between these enterprises and those managed under other ownership forms. China …