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SENSITIVITY ANALYSIS OF EFFICIENCY AND MALMQUIST PRODUCTIVITY INDICES: AN APPLICATION TO SPANISH SAVINGS BANKS

Ausina, Emili Tortosa - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

Hypothesis testing and statistical precision in the context of nonparametric efficiency and productivity measurement … noticeable in the case of banking efficiency studies, where the literature is immense. In this paper, we explore productivity … growth and productive efficiency for Spanish savings banks over the (initial) post-deregulation period 1992?1998 using Data …

Persistent link: https://www.econbiz.de/10005212541

Technical progress in Spanish banking: 1985-1994

Ibáñez, Javier Quesada; Villarroya, Joaquín Maudos; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1996

data panel and with the aim of checking on the possibility that each firm has a particular level of efficiency -captured by …

Persistent link: https://www.econbiz.de/10008550409

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

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

. Three different stochastic measures of efficiency are used (based on three alternative distributional assumptions for …" 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

EFFICIENCY, ENDOGENOUS AND EXOGENOUS CREDIT RISK IN THE BANKING SYSTEMS OF THE EURO AREA

Monsálvez, José Manuel Pastor; Martínez, Lorenzo Serrano - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2000

new markets. The aim of this paper is to analyse the efficiency and the credit risk of the banks of the most important … adjustments for risk are important in the case of profit efficiency but not in the case of cost efficiency. La implantación del …

Persistent link: https://www.econbiz.de/10005515839

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

Financial contagion and attention allocation

Mondria, Jordi; Domeque, Climent Quintana - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2012

This paper explains financial contagion between two stock markets with uncorrelated fundamentals by fluctuations in international investors’ attention allocation. We model the process of attention allocation that underlies portfolio investment in international markets using investors who face...

Persistent link: https://www.econbiz.de/10009652491

EL TIPO DE CAMBIO REAL DÓLAR-EURO Y EL DIFERENCIAL DE INTERESES REALES

Belda, Paz Rico - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

This paper investigates whether threshold effects exist in the relationship between dollar-euro real exchange rate and real interest differential, over the period January 1984 to December 2004. We specify a three-regime threshold model and the results provide evidence that there is no threshold...

Persistent link: https://www.econbiz.de/10005812846

VOLATILITY TRANSMISSION PATTERNS AND TERRORIST ATTACKS

Soler, Helena Chuliá; Felipe, Pilar Soriano; Climent, … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2007

The objective of this study is to analyze volatility transmission between the US and Eurozone stock markets considering the effects of the September 11, March 11 and July 7 financial crises. In order to do this, we use a multivariate GARCH model and take into account the asymmetric volatility...

Persistent link: https://www.econbiz.de/10005731131

ON THE COMPETITIVE EFFECTS OF VERTICAL INTEGRATION UNDER PRODUCT DIFFERENTIATION

Faulí-Oller, Ramón; Díez, Joel Sandonís - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003

supplier and product differentiation to the benchmark model, the effects of vertical integration depend on the efficiency level …

Persistent link: https://www.econbiz.de/10005731321

- CREDIT RISK AND EFFICIENCY IN THE EUROPEAN BANKING SYSTEMS: A THREE-STAGE ANALYSIS

Monsálvez, José Manuel Pastor - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

the efficiency and credit risk. The first of this aspects is based on the incentive to the banks to reduce cost in order … analyzed the effects of competition on the efficiency of banking systems without considering these aspects. The few studies … that attempt to obtainrisk adjusted efficiency measures do not consider that part of the risk is due to exogenous …

Persistent link: https://www.econbiz.de/10005212537