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Finance, comparative advantage, and resource allocation
Jaud, Melise; Kukenova, Madina; Strieborny, Martin - 2013 - First Draft: May, 2010, This Draft: December 30, 2013
We show that exported products exit the US market sooner if they violate the Heckscher-Ohlin notion of comparative advantage. Crucially, this pattern is stronger when exporting country has a well-developed banking system, measured by a high ratio of bank credit over the GDP. Banks thus push...
Persistent link: https://www.econbiz.de/10011346433
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How does competition affect efficiency and soundness in banking? New empirical evidence
Schaeck, Klaus; Čihák, Martin - 2008
based approach to large data sets for European and U.S. banks, we offer new empirical evidence that efficiency plays a key … tests to establish the link between competition and measures of profit efficiency in banking, and find that competition … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator …
Persistent link: https://www.econbiz.de/10011604978
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Bank deregulation, competition and economic growth : the US free banking experience
Ager, Philipp; Spargoli, Fabrizio - 2013
) leading to efficiency gains in the banking market. Our findings suggest that the more frequent bank failures occurring in a …
Persistent link: https://www.econbiz.de/10010227307
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Measuring agency costs and the value of investment opportunities of U.S. bank holding companies with stochastic frontier estimation
Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2016
By eliminating the influence of statistical noise, stochastic frontier techniques permit the estimation of the best-practice value of a firmś investment opportunities and the magnitude of a firmś systematic failure to achieve its best-practice market value - a gauge of the magnitude of agency...
Persistent link: https://www.econbiz.de/10011490908
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Is weather important for US banking? : a study of bank loan inefficiency
Apergēs, Nikolaos; Artikis, Panayiotis G.; Mamatzakis, … - In: Journal of applied finance & banking 2 (2012) 3, pp. 1-38
The impact of strong emotions or mood on decision making and risk taking is well recognized in behavioral economics and finance. Yet, and in spite of the immense interest, no study, so far, has provided any comprehensive evidence on the impact of weather conditions. This paper provides the...
Persistent link: https://www.econbiz.de/10009565392
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Weather Conditions and Bank Loans Efficiency in US Banking : A Panel VAR Approach
Apergis, Nicholas - 2011
An issue that has not been dealt in the literature refers to the relationship between bank loan efficiency and weather … between weather and bank loan efficiency, using a panel data set that includes 69 banks operating in the US spanning the …
Persistent link: https://www.econbiz.de/10013120676
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A Frontier Measure of U.S. Banking Competition
Bolt, Wilko - 2012
The three main measures of competition (HHI, Lerner Index, and H-Statistic) are uncorrelated for U.S. banks. We investigate why this occurs, propose a frontier measure of competition, and apply it to five major bank service lines using data only available since 2008. Fee-based banking services...
Persistent link: https://www.econbiz.de/10013096719
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Efficiency, Value Addition and Performance of US Bank Mergers
Khan, Abu - 2017
goal of this paper is to investigate the change in operating performance, efficiency, and value addition of US bank mergers … adjusted performance more than product focused mergers. The efficiency or profitability of targets have either a positive or no …
Persistent link: https://www.econbiz.de/10012964750
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The Efficiency of US Community Banks
Petropoulou, Athina - 2020
compare the two bank types on the basis of cost efficiency. We decompose cost efficiency into a persistent and a residual … estimates show community banks to exhibit a 4.9% higher efficiency compared to their non-community counterparts. The … regulatory front. Size is non-linearly related to efficiency and large community banks are the most efficient. A strong positive …
Persistent link: https://www.econbiz.de/10012840017
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Managerial Cost Inefficiency and Takeovers of U.S. Thrifts
Cebenoyan, Fatma - 2016
This paper uses a two-step methodology to examine the relationship between managerial cost inefficiency and the takeover of U.S. thrifts during a period of market liberalization and widespread takeover activity, 1994 to 2000. In the first stage using stochastic cost frontiers, controllable...
Persistent link: https://www.econbiz.de/10013004388