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interest margins. This study examines the connection between bank size and efficiency to understand whether that relationship …
Persistent link: https://www.econbiz.de/10011998518
This paper documents a positive relation between bank competition and the penetration of bank accounts at the municipal … of an additional branch by a bank who is already present in the local market. Our results suggest that competition policy …
Persistent link: https://www.econbiz.de/10010206047
this purpose, we measure the intermediation quality of a bank by estimating its profit and cost efficiency while taking the … changing banking environment after the financial crisis into account. Next, we aggregate the efficiencies of all banks within a …
Persistent link: https://www.econbiz.de/10011381424
By eliminating the influence of statistical noise, stochastic frontier techniques permit the estimation of the best-practice value of a firm´s investment opportunities and the magnitude of a firm´s systematic failure to achieve its best-practice market value - a gauge of the magnitude of...
Persistent link: https://www.econbiz.de/10011687921
for the period 2001-2011. There is a two-step analytical procedure. First, we estimate Lerner indices and cost efficiency … scores. Then, we regress cost efficiency scores on Lerner indices contingent on bank characteristics, market features and the … with cost efficiency. Originality/value- Owing to data availability constraints, this is one of the few studies to test the …
Persistent link: https://www.econbiz.de/10012117704
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
) leading to efficiency gains in the banking market. Our findings suggest that the more frequent bank failures occurring in a …We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of … removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic …
Persistent link: https://www.econbiz.de/10010227307
This paper documents a positive relation between bank competition and the penetration of bank accounts at the municipal … of an additional branch by a bank who is already present in the local market. Our results suggest that competition policy …
Persistent link: https://www.econbiz.de/10010392376
Joseph A. Schumpeter is one of the most famous economists of the 20th century and the ’patron saint’ of the finance and growth literature. We have discovered that the prevailing literature has, however, misinterpreted Schumpeter, which leads to puzzling empirical results and difficulties in...
Persistent link: https://www.econbiz.de/10013201693
, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium … banking sector's translation of borrowing rates into lending rates and vice versa. …
Persistent link: https://www.econbiz.de/10010265686