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The authors analyze commercial banks' profitability (return on equity, ROE) at different levels of creditor rights and … an aggregate score of information sharing in terms of credit bureaus. After controlling for bank size and some … macroeconomic variables, the results indicate that profitability is higher and more persistent when creditors are well protected …
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This paper investigates the determinants of success in the development of new drugs. In specific, it explores the factors of success in drug development programs at different stages of innovation process. We use economies of scale, scope, R&D competition and technological spillovers as...
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