The traditional distinction between profit and non profit firms does not necessarily apply to some types of cooperative firms, such as the Italian mutual cooperative banks (MCBs). These MCBs present a peculiar governance structure, a combination between a public company governance model and a...

The paper analyzes the determinants of the optimal scope of incorporation in the presence of bankruptcy costs. Bankruptcy costs alone generate a non-trivial tradeoff between the benefit of coinsurance and the cost of risk contamination associated to joint financing corporate projects through...

In recent decades, the banking sectors of many transition countries have been subject to globalization, deregulation and liberalization similar to that in industrialized countries such as the EU countries and the USA. Those changes are linked with merger and acquisition (M&A) processes aimed at...

European banking sectors have been subject to various forms of deregulation, liberalization, as well as dramatic improvements in information technology (IT). As the result of the creation of the European Union's Single Market, the financial institutions are transforming themselves in response to...

This study investigates the factors determining the debt-ratios of listed companies on the Hanoi and Ho Chi Minh stock exchange markets. Estimation analysis using panel data covering the three-year period from 2006 to 2008 reveals the following results. (1) The debt-ratios of listed companies...

This study investigates the factors determining the capital structure of Indonesian listed companies before and after the implementation of economic reform policies subsequent to the 1997-1998 Asian financial crisis. The estimation analysis of the panel data for the period 1994-1997 and...

While often criticized, independence remains the ultimate criterion for evaluating board composition, whether for regulators or shareholder activists. In this study, we examine the relationship between board independence and firm operating performance in a panel of French listed companies,...

Despite the countless publications on the subject, globalization remains a black box. On the descriptive level, there is relative consensus as to the facts, but the meaning is not truly understood. As a result, extremely contradictory hypotheses circulate, ranging from the ‘end of geography’...

The EU Corporate Management Models and their development over the recent years are focused. The various models are studied by means of a Taxonomy, based on characteristics, referring to the regulatory, institutional and cultural country specific factors. More attention is paid to the Eastern...

This paper analyzes and measures company performance due to private equity investments in a local economy. Our research aim was to explore in detail whether private equity investments impact profitability variables, and enable businesses to grow and become more efficient. For this purpose, a...