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and medium sized enterprises (SMEs) to adopt different types of resource efficiency measures (REMs), possibly …
Persistent link: https://www.econbiz.de/10014435290
this purpose, we measure the intermediation quality of a bank by estimating its profit and cost efficiency while taking the …
Persistent link: https://www.econbiz.de/10011381424
This study is aiming to present (and to a certain extent analyse) the provisions of Articles 24-30 of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 “on markets in financial instruments (…)” (‘MiFID II') – including the relevant provisions of the...
Persistent link: https://www.econbiz.de/10012933790
Using the entire universe of Bankscope and Amadeus Top 250,000 we construct the portfolios of shareholders who hold equity stakes in publicly traded and privately held European banks for each year over the period 1999–2008. We show that about 62% of banks' ultimate largest shareholders are...
Persistent link: https://www.econbiz.de/10013063883
The share of off-balance sheet activity (OBSa) in the future of banking business has been questioned by the use of low-quality assets in this activity. Nevertheless, this paper puts forward the adverse selection hypothesis, which counter argues that more stable banks engage in OBSa to a larger...
Persistent link: https://www.econbiz.de/10013116416
Using a sample of US banks between 2001 and 2013, this paper investigates the impact of competition on bank efficiency … on efficiency, and the effect of the interaction between competition and securitization on efficiency. We confirm that … higher competition reduces efficiency. More importantly, our empirical findings suggest that banks securitizing their loans …
Persistent link: https://www.econbiz.de/10012910437
This paper investigates the different effects of competition and securitization on US bank efficiency between 2001 and … that higher securitization increases banks’ cost efficiency scores. When banks are under competitive pressure, the fixed …-effects and GMM models show that securitization is positively associated with the cost efficiency of banks, while it mitigates …
Persistent link: https://www.econbiz.de/10013300103
Persistent link: https://www.econbiz.de/10011148837
This paper compares the post-investment value-added activities performed by governmental venture capital (GVC) and independent venture capital (IVC) for their portfolio companies, and controls for the selection effect that the different investment profiles of these investors might have on the...
Persistent link: https://www.econbiz.de/10010326858
Persistent link: https://www.econbiz.de/10011696119