Showing 1 - 10 of 195
The paper presents a simple theory of intraday behavior in the interbank market.
Persistent link: https://www.econbiz.de/10005780675
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
combines individual data on bank governance with different measures of performance and risk, this paper analyses the … is greater a) in banks belonging to the major banking groups, with larger and younger boards; and b) in banks that are … riskiness, implying that credit policies are more stringent when women are on the board, possibly due to their higher risk …
Persistent link: https://www.econbiz.de/10011100416
appear to have been remarkably able at calibrating required risk premiums to actual idiosyncratic risk, both during expansion …, thus lowering pricing effectiveness. The main finding is that larger banking groups were more affected by the sudden … deterioration of credit quality than smaller ones, as far as ability to price risk is concerned. The bank-size effect can be tackled …
Persistent link: https://www.econbiz.de/10009193014
borrowers. By exploiting a dataset in which we observe a measure of a borrower�s default risk that the lenders observe only … and individual default risk: after a merger, risky borrowers experience an increase in the interest rate, while non …
Persistent link: https://www.econbiz.de/10005770757
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
their superior managerial skills to targets. Market power seems to hold little value while entry (or diversification …
Persistent link: https://www.econbiz.de/10005113643
The supply chain of the real estate sector accounts for one fifth of Italian GDP; its importance for the banking system … sector and the banks that finance them. The fall in turnover and profitability has greatly increased the economic and … leveraged firms. Due to the increase of loans classified as bad debts, the banking system has tightened conditions on new loans …
Persistent link: https://www.econbiz.de/10011206251
In this paper, we test whether micro firms run by migrants pay more for credit than firms run by natives and whether the differences in the cost of credit for these two groups of entrepreneurs decrease as the informational and cultural gaps narrow. We employ a large and unique data set providing...
Persistent link: https://www.econbiz.de/10008865937
faced by European banking systems, increasing susceptibility to contagion. This paper aims to identify potential risks of … cross-border contagion using a sample of large Western and Eastern European banks. We assume that contagion risk is … also find evidence that contagion risk across European banks heightened significantly during the recent crisis. Contagion …
Persistent link: https://www.econbiz.de/10008865939