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Persistent link: https://www.econbiz.de/10004371706
firms that are facing solvency shocks. We apply their framework to banking and extend the framework to admit the analysis of …
Persistent link: https://www.econbiz.de/10005419679
This paper analyzes the effect of information technologies (IT) in the financial sector using micro-data on a panel of over 600 Italian banks over the period 1989-2000. We estimate stochastic cost and profit functions allowing for individual banks� displacements from the efficient frontier...
Persistent link: https://www.econbiz.de/10005467298
related to multiple and changing equilibria. Results from applying the model to US and five major European banking sectors …
Persistent link: https://www.econbiz.de/10004979444
We evaluate the effectiveness of a partial credit guarantee program implemented in a large Italian region using unique microdata from a broad set of firms. Our results show that the policy was effective to the extent that it resulted in an improved financial condition for the beneficiary firms....
Persistent link: https://www.econbiz.de/10011099641
This paper uses ECB survey data to assess whether gender matters in the small firms� financial structure and access to credit. Firms owned or managed by women (female firms) use smaller amounts and less heterogeneous sources of external finance than their male counterparts. According to...
Persistent link: https://www.econbiz.de/10011100359
is greater a) in banks belonging to the major banking groups, with larger and younger boards; and b) in banks that are …
Persistent link: https://www.econbiz.de/10011100416
the model to US banking data and show that lengthening the standard one-year bonus payment interval has no material impact …
Persistent link: https://www.econbiz.de/10011207862
This article investigates the nexus of competition and stability in European banking. It analyzes the European legal … framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state …-aid control. It discusses whether and how competition policy should be amended in order to preserve the stability of the banking …
Persistent link: https://www.econbiz.de/10010818987
The global financial crisis of 2007–2008 has given rise to new regulatory initiatives to put restrictions on the size and the term of bankers' pay. We revisit both theoretically and empirically the question of whether these regulations are justified. We model bonuses as a series of sequential...
Persistent link: https://www.econbiz.de/10010734434