The paper investigates the determinants of banking profitability and banking market conditions in Austria. We conduct a panel econometric analysis which allows for testing the hypotheses which have become the most prominent in the literature on bank profitability: the...

Empirical evidence is increasing by emphasizing the positive influence of financial markets on the level and the rate of growth of a country's per-capita income. Theoretically, the rationale for the finance-growth nexus appears to be straightforward: in imperfect economies, financial markets...

In this paper we investigate the performance of the Austrian banks which have participated in a domestic in-market merger operation since 1996. For this purpose we apply the Data Envelopment Analysis (DEA) methodology in combination with a Tobit model to account for the variation of the...

This study makes an attempt to examine the long-run relationship between the key labour market parameters of employment, aggregate output, real product wages and labour-augmenting technical progress for a sample of 21 OECD countries covering the period from 1970 to 2000. A new panel error...

This analysis focuses on the assumption that management efficiency is one of the most important company-specific factors affecting a bank’s international activities. The theoretical results on whether good or bad management influences international activities in banking are mixed. We attempt...

In this note we provide empirical evidence supporting the view that enhanced corporate risk and liquidity management promoted by financial development provides better insurance against liquidity shocks caused by capital market imperfections and thus tends to support economic growth.