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TITULIZACIÓN DE ACTIVOS: EFECTOS SOBRE EL VALOR DE LAS ENTIDADES BANCARIAS

Martínez, Fulgencio López; Yagüe, José; Solano, … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

This paper examines the reaction of the Spanish continuous market to the announcement of securitisation operations by listed banks in the period 1993-2003. Results indicate the existence of positive and significant abnormal returns on the day immediately following the announcement date. The...

Persistent link: https://www.econbiz.de/10005731154

Market structure and performance in Spanish banking using a direct measure of efficiency

Villarroya, Joaquín Maudos - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1996

" hypothesis since, even though efficiency is the main determinant of profitability, market power (as reflected in a market share … variable), also affects profitability. The results obtained also show that market share is an inadequate proxy for efficiency …

Persistent link: https://www.econbiz.de/10008550420

EVOLUCIÓN DEL MARGEN DE INTERMEDIACIÓN EN ESPAÑA: ¿TIPOS DE INTÉRES, RIESGO, COSTES O COMPETENCIA?

Radoselovics, Juan Francisco Fernández de Guevara - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003

This paper analyses the determinants of interest margins of the banking firms.Our starting point is the methodology developed in the original study by Ho andSaunders (1981) and later extensions, but widened to take banks¿ operating costsexplicitly into account. In the developed model the...

Persistent link: https://www.econbiz.de/10005515861

- COST AND PROFIT EFFICIENCY IN EUROPEAN BANKS

García, Francisco Pérez; Ibañez, Javier Quesada; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

The analysis of bank accounting ratios as indicators of competitiveness has been complemented and occasionally revised by the increasing use of more sophisticated indices ofefficiency. In recent years, over a hundred studies have analysed the efficiency of financial institutions, concentrating...

Persistent link: https://www.econbiz.de/10005812825

ESTRUCTURA DE INGRESOS Y RENTABILIDAD DE LAS EMPRESAS EN EL SECTOR BANCARIO ESPAÑOL

García, Francisco Pérez; Villarroya, Joaquín Maudos; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2000

, analysing the relationship between income structure and profitability. Using a sample of banks and savings banks over the period …

Persistent link: https://www.econbiz.de/10005812817

PARTIAL PRICE DISCRIMINATION BY AN UPSTREAM MONOPOLIST

Faulí-Oller, Ramón; Bru, Lluís; Sandonís, Joel - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

We analyze third degree price discrimination by an upstream monopolistto a continuum of heterogeneous downstream firms … firms receive personalized prices whereas efficient firms arecharged a uniform price. The extreme cases of complete price … discriminationand uniform price arise in our setting as particular cases, depending on the costof customizing prices. …

Persistent link: https://www.econbiz.de/10005212563

Quality choice and advertising regulation in broadcasting markets

Martínez-Sánchez, Francisco; González-Maestre, Miguel - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2012

We consider the role of the endogenous choice of platform quality in a broadcasting duopoly market where competing media platforms choose also their level of advertising. We compare the equilibrium levels of quality, advertising and welfare under private and mixed duopoly competition. We show...

Persistent link: https://www.econbiz.de/10009652488

Multi-product firms and business cycle dynamics

Minniti, Antonio; Turino, Francesco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2011

Recent empirical evidence provided by Bernard et al. (2010) and Broda and Weinstein (2010) shows that a significant share of product creation and destruction in U.S. industries occurs within existing firms and accounts for a relevant share of aggregate output. In the present paper, and...

Persistent link: https://www.econbiz.de/10009321867

Non-price Competition, Real Rigidities and Inflation Dynamics

Turino, Francesco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

neglected the consequences of extending competition between firms to the non-price dimension. This paper tries to fill this gap … by enriching the canonical New Keynesian framework to include both price and non-price competition. This has important …, dampens the overall degree of real rigidities in price-setting. …

Persistent link: https://www.econbiz.de/10005039611

Competition, product and process innovation: an empirical analysis

Santos, Carlos D. - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2010

Competition has long been regarded as productivity enhancing. Understanding the mechanism by which competition affects innovation and productivity is therefore an important topic for economic policy. The main contribution of this paper is to disentangle the relationship between competition and...

Persistent link: https://www.econbiz.de/10008500659