The past 10-15 years have witnessed a great influx of foreign banks in South Eastern European countries. The rise of foreign ownership and control was dramatic. The questions about foreign bank entry in emerging market economies are still being debated. This paper analyses the development of the...

This paper explores how vertical relations influence the timing of new technology adoption. It shows that both the bargaining power distribution among the vertically related firms and the contract type through which vertical trading is conducted affect crucially the speed of adoption: the...

This paper explores how vertical relations influence the timing of new technology adoption. It shows that both the bargaining power distribution among the vertically related firms and the contract type through which vertical trading is conducted affect crucially the speed of adoption: the...