The high concentration of the banking sector is a cross-border phenomenon that has a strong impact on local and global economies. The primary goal of this paper is to analyse the factors that affect concentration in banking systems around the world. The innovation of this paper is that it...

Purpose – The main goal of this paper is to analyze the effects of societal culture attributes on regional disparity. Design/methodology/approach – This paper uses cross-country data to identify the variables that determine the regional disparity and the gap between the richest and poorest...

Economic and financial researchers rarely use culture as an exploratory variable for economic and financial events. This paper explores the role of cultural attributes in a nation's welfare. First, we use a theoretical model to show that the higher a nation's long term orientation, the more it...

This research identifies mechanisms that could help achieve a deeper understanding of the abnormal compensation of CEOs. We construct a model in which the determination of compensation depends on three factors: the CEO's skills, the level of competition in the sector and the ownership structure...