Objective: The objective of this article is to examine the value of academics as board members. Using upper echelons theory to explain how top management's characteristics affect corporate decision-making, we particularly investigated whether academics as independent directors contribute to firm...

Democracy is an essential aspect in national-level governance to safeguard human rights and provide equal distribution of wealth among citizens that are also expected to bolster more rapid economic growth. However, the extant literatures show mixed result in providing evidence of how democracy...

Indonesia ranks sixth globally in terms of wealth distribution inequality. Changes in human capital development may affect labor force efficiency and productivity as well as wages and income inequality levels. This study applies a nonlinear autoregressive distributed lag (NARDL) model to data...

In this paper, we aim to study the effect of competition, and not concentration, on cost efficiency for the ece countries during the 1999-2006 period. To do so, we will use two different measures of bank market power: the first one is the Panzar and Ross H-statistic but calculated for each...

Deregulation of the banking system has increased competition and prompted wide changes in the activities of banks. As revenue from intermediation activities of banks has decreased, banks have broadened the range of products they offer to their clients, which generate revenue other than interest...

This paper examines the link between banking industry structure and economic activity at the regional level in the Philippines. We apply a principal component analysis on regional banking and economic data for the period 1993 to 2005. We ranked the sixteen regions in three different groups...