There are important organizational and behavioral differences between firms in emerging
markets and those in developed markets. We propose a top-down approach to understand …

This paper examines diversification as a source of value creation and destruction in private
equity (PE) funds. Previous literature has focused on the “diversification discount” in …

Purpose This paper investigates the factors crucial for small and medium enterprises (SMEs)
in establishing business relationships with banks in Pakistan. Design/methodology …

This paper investigates the main features of the relationships between banks and non-
financial firms in Italy. Based on detailed firm-level data, we analyse the role of firm-level …

This study examines whether the availability of traded credit default swaps (CDS) influences
the referenced firms' incentive to smooth their performance. We show that with the …

Banks face a 'behavioralization'of their balance sheets since deposit funding increasingly
consists of non-maturing deposits with uncertain cash flows exposing them to asset liability …

This is a review of the extant risk theory literature that hypothesizes new cross-cultural
perceptions and multi-disciplinary techniques have emerged in risk management practice …

In this study I empirically examine US publicly traded firms to determine the impact of
banking relationships on the future of financially distressed firms. Results demonstrate that …

The existing literature suggests that economic institutions determine the allocation of
resources for economic growth. As an important counterexample, although China has one of …

Rationalists may argue that the best way to manage an investment portfolio is to use risk-
balancing strategies such as asset class diversification. Positivists would likely insist on …