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...

The Berle-Means thesis (1932) implies that diffuse ownership adversely affects firm performance. This paper tries to investigate whether there is strong evidence to support the notion that variations across firms in observed ownership structures result in systematic variations in observed firm...

The role of corporations in allocating resources has been of great importance in the debate about the manner in which enterprises should be governed to enhance economic growth. Corporate governance features seem to be central to the dynamics by which successful firms and economies improve their...

The role of corporations in allocating resources has been of great importance in the debate about the manner in which enterprises should be governed to enhance economic growth. Corporate governance features seem to be central to the dynamics by which successful firms and economies improve their...

Between 1996 and 2003, emerging market economies experienced major financial crises with both high frequency and severity. Since then and until the recent bout of financial turbulence, the drop off in the frequency of such crises has been marked. However, the absence of a crisis episode does not...

The role of corporations in allocating resources has been of great importance in the debate about the manner in which enterprises should be governed to enhance economic growth. Corporate governance features seem to be central to the dynamics by which successful firms and economies improve their...