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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
Twenty years ago, most banking courses focused on either management or monetary aspects of banking, with no connecting …. Since then, a microeconomic theory of banking has developed, mainly through a switch of emphasis from the modeling of risk … useful in pointing out structural weaknesses of the banking sector that may justify government intervention--for example …
Persistent link: https://www.econbiz.de/10004973100
industries as diverse as banking, wine production, and clothing design. Many workers communicate regularly with distant coworkers …
Persistent link: https://www.econbiz.de/10004973166
Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the … banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in … banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking …
Persistent link: https://www.econbiz.de/10004973262
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
Persistent link: https://www.econbiz.de/10010779947
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
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