Showing 1 - 10 of 22
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
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
finance than their male counterparts. According to statistical evidence, female firms have difficulty in accessing bank … finance: on the demand side, they apply for bank loans less frequently, as they more often anticipate a rejection; on the …
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
means that, surprisingly, the association between stock prices and spreads of the banking sector does not seem to surge in …
Persistent link: https://www.econbiz.de/10010956052
the banking system. In both cases their deviation from free market orthodoxy was based on a careful reading of financial … conclusion that banking requires government regulation. …
Persistent link: https://www.econbiz.de/10008557294
We examine the informational effects of M&As by investigating whether bank mergers improve banks� ability to screen borrowers. By exploiting a dataset in which we observe a measure of a borrower�s default risk that the lenders observe only imperfectly, we find evidence of these...
Persistent link: https://www.econbiz.de/10005770757
Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data …. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic … to model the interaction between the banking sector and the macroeconomy. Our identified-VAR analysis indicates that the …
Persistent link: https://www.econbiz.de/10005818895
Persistent link: https://www.econbiz.de/10005605607
Persistent link: https://www.econbiz.de/10005611765