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Growth strategies and value creation: what works best for stock exchanges?
Hasan, Iftekhar; Schmiedel, Heiko; Song, Liang - 2010
In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders’ value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses...
Persistent link: https://www.econbiz.de/10011605247
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Growth Strategies and Value Creation : What Works Best for Stock Exchanges?
Hasan, Iftekhar - 2010
In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders' value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses to...
Persistent link: https://www.econbiz.de/10013143336
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Is there a single frontier in a single European banking market?
Bos, Jaap W. B.; Schmiedel, Heiko - 2006
This paper attempts to estimate comparable efficiency scores for European banks operating in the Single Market in the EU. Using a data set of more than 5000 large commercial banks from all major European banking markets over the period 1993-2004, the application of meta-frontiers enables us to...
Persistent link: https://www.econbiz.de/10011604747
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SEPA, efficiency, and payment card competition
Bolt, Wilko; Schmiedel, Heiko - 2009
This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and...
Persistent link: https://www.econbiz.de/10011605186
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Consumer credit and payment cards
Bolt, Wilko; Foote, Elizabeth; Schmiedel, Heiko - 2011
We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which overdrafts are associated with current accounts and debit...
Persistent link: https://www.econbiz.de/10011605433
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Micro-based evidence of EU competitiveness: the CompNet database
Lopez-Garcia, Paloma; di Mauro, Filippo; Benatti, Nicola; … - 2014
developed research infrastructure. Beyond aggregate information available from industry statistics of Eurostat or EU KLEMS, the … paper provides information on the distribution of firms across several dimensions related to competitiveness, e ….g. productivity and size. The database comprises so far 11 countries, with information for 58 sectors over the period 1995-2011. The …
Persistent link: https://www.econbiz.de/10011605679
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SEPA, Efficiency, and Payment Card Competition
Bolt, Wilko - 2011
This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and...
Persistent link: https://www.econbiz.de/10013134086
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Consumer Credit and Payment Cards
Bolt, Wilko - 2011
We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which overdrafts are associated with current accounts and debit...
Persistent link: https://www.econbiz.de/10013120184
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Micro-Based Evidence of EU Competitiveness : The CompNet Database
Lopez-Garcia, Paloma - 2014
developed research infrastructure. Beyond aggregate information available from industry statistics of Eurostat or EU KLEMS, the … paper provides information on the distribution of firms across several dimensions related to competitiveness, e ….g. productivity and size. The database comprises so far 11 countries, with information for 58 sectors over the period 1995-2011. The …
Persistent link: https://www.econbiz.de/10013060041
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Is There a Single Frontier in a Single European Banking Market?
Bos, Jaap W.B; Schmiedel, Heiko - 2021
This paper attempts to estimate comparable efficiency scores for European banks operating in the Single Market in the EU. Using a data set of more than 5000 large commercial banks from all major European banking markets over the period 1993-2004, the application of meta-frontiers enables us to...
Persistent link: https://www.econbiz.de/10013317337