Showing 1 - 10 of 15
In this paper we investigate the role of EU structural funds in promoting economic growth of Italian provinces (NUTS 3), and whether a more developed local banking sector may expedite the process. We focus on total value added growth for the period 2000-2019, and employ a panel growth regression...
Persistent link: https://www.econbiz.de/10015073298
The existing empirical evidence suggests that there is a “winner’s curse” for banks entering new markets. Actually, it has been assessed that de novo banks generally experience higher bad loans rates than mature banks for about ten years. We investigate whether this persistence has...
Persistent link: https://www.econbiz.de/10011096643
This paper evaluates the possible effects of advertising on conditions of entry in a market with one incumbent and one potential entrant. Through a game-theoretic framework, it is shown that the use of pre-entry advertising expenditures (which are supposed to exhibit diminishing returns) may...
Persistent link: https://www.econbiz.de/10005600534
Conventional models of the industrial organisation theory usually state that in concentrated industries firms have significant market power, and that competition can be easily reduced if the leading firms collude. However, recent theoretical analyses show that strong concentration does not...
Persistent link: https://www.econbiz.de/10005839205
In this paper we develop an empirical two-stage model of competition for the banking industry that incorporates the choice of capacity in the form of new branches. It is estimated using data on Italian banks for the years 1995-2009. The results show that the conduct of banks is significantly...
Persistent link: https://www.econbiz.de/10009018879
In this paper we study the intense wave of mergers among Italian mutual cooperative banks (Banche di Credito Cooperativo, BCCs) and try to assess whether those mergers were efficiency-enhancing. For the purpose, we employ a two-step procedure: we first estimate bank-level cost efficiency scores...
Persistent link: https://www.econbiz.de/10012890533
In this paper we study the impact of cooperative banks on local economic development. Working on Italian municipality data in the period 2001-2011, we find that this type of banks plays a distinct role in enhanced local economic performance – particularly income, employment and firms' birth...
Persistent link: https://www.econbiz.de/10012927196
Persistent link: https://www.econbiz.de/10015166489
In this study we explore market power in 13 EU banking sectors for the years 2007 to 2019 by estimating a structural model with demand and supply equations, where the mark-up of price over marginal cost is parameterized as a measure of banks’ conduct that depends on selected factors. Our...
Persistent link: https://www.econbiz.de/10013249739
Persistent link: https://www.econbiz.de/10012585933