indicator for effective monitoring, the findings reveal that outside directors and product market competition are substitutes …. Outsiders increase the performance-turnover sensitivity of executives exclusively if competition in the industry is relatively … weak. In an environment with effective competition, outsiders do not significantly influence the decision to replace …

applications if competition in the market is low. This may indicate that restrictive monitoring and lower advising competences of … outside directors mitigate executives' incentives to innovate. In industries with effective competition, the negative …

transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …

as asset management) and innovation. Chapter 8 concentrates on the protection of consumers and competition. …

policy debates of which we prefer the market power paradigm. More precisely, the impact of competition and market … power and financial instability. In other words, we concluded that financial instability is not affected by competition in …

draw more detailed inferences for competition and global bank presence by solving a simple model of global banking. …

We assess the short- and medium-term macroeconomic effects of competition-friendly reforms in the service sector when …

liberalizing and deregulating the industry. Though these reforms did improve services through increased competition and the entry … next steps for reform include preparing local shipping firms for the global competition that full liberalization will bring …