Aduba, Joseph-Junior; Izawa, Hiroshi - In: Financial innovation : FIN 7 (2021), pp. 1-37
institutions. Considering bank-specific characteristics, we introduce a dynamic learning curve using a cost function adjusted to … capture learning-by-doing in banks. Using the model, we test several hypotheses on the impact of bank intermediary experience … (learning) on the efficiency of credit and value creation in Japanese commercial banks. The findings show that bank intermediary …