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In this paper, I use firm-level data from Compustat to document the evolution of markups among listed U.S. non-financial firms during the height of the COVID-19 pandemic (2020-2022). I show that, continuing its long-term rise, the aggregate (sales-weighted) markup rises markedly in 2020 and...
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Efficiency is considered a key factor when evaluating a bank's performance. Moreover, efficiency enhancement is an explicit policy objective in the Single Market Directive of the European Commission. But efficiency improvements may come at the expense of deteriorating bank profits and excessive...
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, Chinese banks led the global banking profitability ranking through the years from 2008 to 2010 and contributed one fifth of …)). The contradiction of high profitability and low efficiency causes great confusion in understanding banking in China. Our … paper aims to reveal the real sources of the high profitability of the big Chinese banks. We compare their profitability …
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problems? [Yes]; 3) do bank influenced firms have higher profitability? [No]. Coupled with results about the control …
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