Fiorentino, Elisabetta; Vincenzo, Alessio De; Heid, Frank; … - 2009
activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they … subsequently merged with other banks. German banks were still able to increase their productivity through consolidation. -- Banking …
