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The economic reforms in Tanzania and Vietnam represent the two typical cases of transition economies in Asia and Africa, particularrly the transformation of the two developing economies from the planned to the market ...

This paper provides a Bayesian test of parameter nonstationarity and an estimation procedure for the detection of change points in the time series of stock returns. The empirical results indicate that this procedure can ...

The Kresge Business Administration Library at the University of Michigan’s Ross School of Business has long been recognized for delivering exceptional service. Despite this success, there were many missed opportunities ...

We focus on the conflict between two central bank objectives, namely individual bank stability and systemic stability. We study the licensing policy of the Central Bank of Russia (CBR) in 1999-2002. Banks in poorly banked ...

The rapidly growing literature studying the relationship between legal origin, investor protection, and finance has stimulated an important debate in academic circles. It has also generated a number of applied research ...

Bagozzi and Yi (1989) recently introduced new procedures for using structural equation models in experimental designs with . We extend their research by showing that the structural equation analysis of experimental designs ...

Thus most early American manufacturing firms existed as a partnership (formal or informal) between technically knowledgeable factory owners or managers on the one hand, and mercantile capitalists on the other. Sometimes ...

In this study, we model firms that sell a product and a complementary online service, where only the latter displays positive network effects. That is, the value each consumer derives from the service increases with the ...